Informatica Inc. (NYSE:INFA) Stock Holdings Reduced by PDT Partners LLC

PDT Partners LLC cut its position in shares of Informatica Inc. (NYSE:INFA - Free Report) by 48.9% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 20,571 shares of the technology company's stock after selling 19,702 shares during the period. PDT Partners LLC's holdings in Informatica were worth $533,000 as of its most recent SEC filing.

Several other institutional investors have also made changes to their positions in the company. FMR LLC raised its position in Informatica by 126,639.2% during the fourth quarter. FMR LLC now owns 10,369,799 shares of the technology company's stock valued at $268,889,000 after acquiring an additional 10,361,617 shares in the last quarter. Pictet Asset Management Holding SA raised its holdings in shares of Informatica by 52.7% during the 4th quarter. Pictet Asset Management Holding SA now owns 7,127,036 shares of the technology company's stock valued at $184,804,000 after purchasing an additional 2,459,197 shares in the last quarter. Vanguard Group Inc. lifted its stake in shares of Informatica by 28.6% in the 4th quarter. Vanguard Group Inc. now owns 10,844,546 shares of the technology company's stock valued at $281,199,000 after purchasing an additional 2,409,023 shares during the last quarter. Wellington Management Group LLP boosted its holdings in Informatica by 13.8% in the fourth quarter. Wellington Management Group LLP now owns 13,155,084 shares of the technology company's stock worth $341,111,000 after purchasing an additional 1,591,037 shares in the last quarter. Finally, Diamond Hill Capital Management Inc. acquired a new position in Informatica during the fourth quarter worth $36,236,000. 98.45% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, EVP John Arthur Schweitzer sold 11,503 shares of Informatica stock in a transaction dated Monday, March 10th. The stock was sold at an average price of $18.18, for a total value of $209,124.54. Following the completion of the transaction, the executive vice president now directly owns 328,799 shares of the company's stock, valued at $5,977,565.82. The trade was a 3.38 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. 48.10% of the stock is currently owned by corporate insiders.

Informatica Stock Performance

INFA opened at $18.94 on Friday. The stock has a market cap of $5.73 billion, a PE ratio of 631.38, a P/E/G ratio of 4.44 and a beta of 1.06. The company has a current ratio of 2.17, a quick ratio of 2.17 and a debt-to-equity ratio of 0.75. The stock's 50 day simple moving average is $18.03 and its 200-day simple moving average is $22.95. Informatica Inc. has a 1 year low of $15.65 and a 1 year high of $31.65.

Informatica (NYSE:INFA - Get Free Report) last released its quarterly earnings data on Thursday, February 13th. The technology company reported $0.21 earnings per share for the quarter, missing analysts' consensus estimates of $0.38 by ($0.17). Informatica had a net margin of 0.61% and a return on equity of 5.76%. The company had revenue of $428.31 million for the quarter, compared to analyst estimates of $457.55 million. Sell-side analysts forecast that Informatica Inc. will post 0.63 EPS for the current year.

Analysts Set New Price Targets

Several analysts have recently issued reports on the company. Deutsche Bank Aktiengesellschaft downgraded Informatica from a "buy" rating to a "hold" rating and set a $21.00 price target for the company. in a research note on Friday, February 14th. Wells Fargo & Company cut Informatica from a "buy" rating to an "equal weight" rating in a research report on Friday, February 14th. Royal Bank of Canada lowered shares of Informatica from an "outperform" rating to a "sector perform" rating and dropped their price target for the company from $35.00 to $19.00 in a research report on Friday, February 14th. Baird R W downgraded shares of Informatica from a "strong-buy" rating to a "hold" rating in a report on Friday, February 14th. Finally, The Goldman Sachs Group lowered shares of Informatica from a "buy" rating to a "neutral" rating and lowered their target price for the company from $38.00 to $20.00 in a research note on Friday, February 14th. Thirteen equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to MarketBeat, the stock has a consensus rating of "Hold" and a consensus target price of $24.15.

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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