Pictet Asset Management Holding SA Has $184.80 Million Holdings in Informatica Inc. (NYSE:INFA)

Pictet Asset Management Holding SA boosted its holdings in shares of Informatica Inc. (NYSE:INFA) by 52.7% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 7,127,036 shares of the technology company’s stock after buying an additional 2,459,197 shares during the period. Pictet Asset Management Holding SA owned approximately 2.33% of Informatica worth $184,804,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also recently bought and sold shares of the company. Wellington Management Group LLP lifted its position in Informatica by 29.9% in the 3rd quarter. Wellington Management Group LLP now owns 11,564,047 shares of the technology company’s stock worth $292,339,000 after buying an additional 2,662,379 shares in the last quarter. Vanguard Group Inc. increased its stake in shares of Informatica by 28.6% in the fourth quarter. Vanguard Group Inc. now owns 10,844,546 shares of the technology company’s stock worth $281,199,000 after acquiring an additional 2,409,023 shares during the last quarter. Allspring Global Investments Holdings LLC raised its holdings in shares of Informatica by 16.6% during the fourth quarter. Allspring Global Investments Holdings LLC now owns 8,211,119 shares of the technology company’s stock worth $209,075,000 after acquiring an additional 1,168,158 shares in the last quarter. JPMorgan Chase & Co. boosted its position in Informatica by 6.7% during the fourth quarter. JPMorgan Chase & Co. now owns 1,584,163 shares of the technology company’s stock valued at $41,077,000 after purchasing an additional 100,016 shares during the last quarter. Finally, Diamond Hill Capital Management Inc. purchased a new position in Informatica in the fourth quarter valued at about $36,236,000. 98.45% of the stock is owned by hedge funds and other institutional investors.

Informatica Price Performance

Shares of NYSE:INFA opened at $18.12 on Friday. The company has a quick ratio of 2.17, a current ratio of 2.17 and a debt-to-equity ratio of 0.75. The business has a 50 day moving average price of $21.31 and a 200 day moving average price of $24.33. The company has a market cap of $5.48 billion, a price-to-earnings ratio of 604.03, a PEG ratio of 4.44 and a beta of 1.04. Informatica Inc. has a twelve month low of $16.37 and a twelve month high of $39.80.

Informatica (NYSE:INFA) last posted its quarterly earnings data on Thursday, February 13th. The technology company reported $0.21 earnings per share for the quarter, missing the consensus estimate of $0.38 by ($0.17). Informatica had a net margin of 0.61% and a return on equity of 5.76%. The business had revenue of $428.31 million during the quarter, compared to the consensus estimate of $457.55 million. Research analysts predict that Informatica Inc. will post 0.63 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several equities research analysts have recently issued reports on INFA shares. UBS Group reduced their price target on Informatica from $30.00 to $19.00 and set a “neutral” rating for the company in a report on Friday, February 14th. Wedbush cut shares of Informatica to a “neutral” rating in a research note on Friday, February 14th. Truist Financial restated a “buy” rating and set a $24.00 price target (down previously from $34.00) on shares of Informatica in a research note on Friday, February 14th. Cantor Fitzgerald initiated coverage on shares of Informatica in a research note on Friday, January 17th. They issued a “neutral” rating and a $29.00 price objective for the company. Finally, Wells Fargo & Company downgraded shares of Informatica from a “buy” rating to an “equal weight” rating in a research report on Friday, February 14th. Twelve research analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, Informatica has a consensus rating of “Hold” and an average price target of $24.67.

Insiders Place Their Bets

In other Informatica news, EVP John Arthur Schweitzer sold 11,503 shares of the firm’s stock in a transaction that occurred on 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 sale, the executive vice president now owns 328,799 shares in the company, valued at approximately $5,977,565.82. This trade represents a 3.38 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 48.10% of the company’s stock.

Informatica Profile

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.