15,861 Shares in Informatica Inc. (NYSE:INFA) Acquired by Banque Pictet & Cie SA

Banque Pictet & Cie SA acquired a new stake in Informatica Inc. (NYSE:INFA - Free Report) during the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor acquired 15,861 shares of the technology company's stock, valued at approximately $277,000.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of INFA. Amalgamated Bank raised its position in shares of Informatica by 16.9% during the 1st quarter. Amalgamated Bank now owns 4,089 shares of the technology company's stock valued at $71,000 after acquiring an additional 591 shares during the last quarter. PNC Financial Services Group Inc. grew its stake in shares of Informatica by 35.3% during the fourth quarter. PNC Financial Services Group Inc. now owns 2,556 shares of the technology company's stock worth $66,000 after purchasing an additional 667 shares during the period. L. Roy Papp & Associates LLP increased its holdings in Informatica by 1.9% in the first quarter. L. Roy Papp & Associates LLP now owns 50,921 shares of the technology company's stock valued at $889,000 after purchasing an additional 961 shares during the last quarter. Parallel Advisors LLC lifted its stake in Informatica by 540.4% in the first quarter. Parallel Advisors LLC now owns 1,441 shares of the technology company's stock valued at $25,000 after buying an additional 1,216 shares during the period. Finally, New Age Alpha Advisors LLC acquired a new position in Informatica in the fourth quarter valued at about $43,000. 98.45% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several equities analysts have recently issued reports on INFA shares. DA Davidson decreased their target price on Informatica from $20.00 to $18.00 and set a "neutral" rating for the company in a research report on Monday, April 14th. Wolfe Research lowered shares of Informatica from a "strong-buy" rating to a "hold" rating in a research note on Wednesday, May 28th. Scotiabank upped their target price on shares of Informatica from $18.00 to $19.00 and gave the company a "sector perform" rating in a research note on Thursday, May 8th. The Goldman Sachs Group increased their target price on shares of Informatica from $18.00 to $20.00 and gave the stock a "neutral" rating in a report on Thursday, May 8th. Finally, Royal Bank Of Canada set a $25.00 price target on shares of Informatica in a report on Wednesday, May 28th. Sixteen equities research analysts have rated the stock with a hold rating and one has issued a buy rating to the company's stock. According to data from MarketBeat, the stock has a consensus rating of "Hold" and an average target price of $24.46.

Insider Transactions at Informatica

In other Informatica news, EVP Ansa Sekharan sold 99,348 shares of the business's stock in a transaction that occurred on Thursday, June 5th. The stock was sold at an average price of $24.15, for a total value of $2,399,254.20. Following the sale, the executive vice president owned 391,959 shares in the company, valued at approximately $9,465,809.85. The trade was a 20.22% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, EVP John Arthur Schweitzer sold 116,199 shares of the company's stock in a transaction that occurred on Friday, May 23rd. The stock was sold at an average price of $24.00, for a total value of $2,788,776.00. Following the transaction, the executive vice president directly owned 382,005 shares of the company's stock, valued at approximately $9,168,120. This trade represents a 23.32% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 238,779 shares of company stock valued at $5,622,733. 2.80% of the stock is owned by corporate insiders.

Informatica Trading Down 0.2%

Shares of NYSE:INFA opened at $24.30 on Friday. The firm has a market cap of $7.35 billion, a price-to-earnings ratio of -2,430,000.00, a PEG ratio of 5.90 and a beta of 1.15. Informatica Inc. has a 12 month low of $15.65 and a 12 month high of $28.79. The company's fifty day simple moving average is $22.64 and its 200 day simple moving average is $21.67. The company has a quick ratio of 1.92, a current ratio of 1.92 and a debt-to-equity ratio of 0.78.

Informatica (NYSE:INFA - Get Free Report) last released its quarterly earnings results on Wednesday, May 7th. The technology company reported $0.22 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.22. The firm had revenue of $403.90 million for the quarter, compared to the consensus estimate of $392.14 million. Informatica had a return on equity of 5.89% and a net margin of 0.12%. The company's revenue for the quarter was up 3.9% on a year-over-year basis. During the same quarter last year, the business posted $0.22 EPS. As a group, research analysts forecast that Informatica Inc. will post 0.63 EPS for the current fiscal year.

About Informatica

Informatica Inc develops an artificial intelligence-powered platform that connects, manages, and unifies data across multi-vendor, multi-cloud, and hybrid systems at enterprise scale worldwide. Its platform includes a suite of interoperable data management products, including data integration products to ingest, transform, and integrate data; API and application integration products that enable users to create and manage APIs and integration processes for app-to-app synchronization, business process orchestration, B2B partner management, application development, and API management; data quality and observability products to profile, cleanse, standardize, observe, and monitor data to deliver accurate, complete, and consistent data; and master data management products to create an authoritative single source of truth of business-critical data.

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