Natixis Advisors LLC Has $1.13 Million Position in Informatica Inc. (NYSE:INFA)

Natixis Advisors LLC increased its position in shares of Informatica Inc. (NYSE:INFA) by 65.2% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 44,874 shares of the technology company’s stock after buying an additional 17,718 shares during the quarter. Natixis Advisors LLC’s holdings in Informatica were worth $1,134,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Allspring Global Investments Holdings LLC lifted its position in shares of Informatica by 398.9% in the 3rd quarter. Allspring Global Investments Holdings LLC now owns 7,042,961 shares of the technology company’s stock worth $178,046,000 after acquiring an additional 5,631,139 shares during the period. Fiera Capital Corp raised its stake in shares of Informatica by 439.2% in the second quarter. Fiera Capital Corp now owns 1,554,592 shares of the technology company’s stock valued at $48,006,000 after purchasing an additional 1,266,265 shares in the last quarter. Nippon Life Global Investors Americas Inc. bought a new position in Informatica in the second quarter worth $10,806,000. Fred Alger Management LLC boosted its stake in Informatica by 63.3% during the second quarter. Fred Alger Management LLC now owns 794,084 shares of the technology company’s stock worth $24,521,000 after buying an additional 307,803 shares in the last quarter. Finally, Vanguard Group Inc. increased its holdings in Informatica by 5.0% in the 1st quarter. Vanguard Group Inc. now owns 5,575,869 shares of the technology company’s stock valued at $195,155,000 after buying an additional 267,748 shares during the period. 98.45% of the stock is currently owned by institutional investors.

Insider Transactions at Informatica

In related news, CAO Mark Pellowski sold 10,026 shares of Informatica stock in a transaction dated Tuesday, October 15th. The stock was sold at an average price of $26.76, for a total value of $268,295.76. Following the completion of the transaction, the chief accounting officer now directly owns 142,671 shares of the company’s stock, valued at $3,817,875.96. The trade was a 6.57 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, EVP John Arthur Schweitzer sold 8,501 shares of the stock in a transaction dated Tuesday, October 15th. The stock was sold at an average price of $26.76, for a total transaction of $227,486.76. Following the sale, the executive vice president now directly owns 393,686 shares in the company, valued at approximately $10,535,037.36. This represents a 2.11 % decrease in their position. The disclosure for this sale can be found here. Company insiders own 48.10% of the company’s stock.

Informatica Stock Up 0.9 %

NYSE INFA opened at $26.62 on Wednesday. The stock’s 50 day simple moving average is $25.82 and its 200 day simple moving average is $26.63. Informatica Inc. has a one year low of $22.08 and a one year high of $39.80. The firm has a market cap of $8.13 billion, a PE ratio of 125.67, a price-to-earnings-growth ratio of 5.61 and a beta of 1.04. The company has a debt-to-equity ratio of 0.75, a current ratio of 2.17 and a quick ratio of 2.17.

Informatica declared that its board has authorized a stock repurchase program on Wednesday, October 30th that authorizes the company to repurchase $400.00 million in shares. This repurchase authorization authorizes the technology company to buy up to 5.1% of its stock through open market purchases. Stock repurchase programs are generally a sign that the company’s board of directors believes its stock is undervalued.

Analysts Set New Price Targets

INFA has been the subject of a number of analyst reports. Citigroup reduced their price objective on shares of Informatica from $35.00 to $28.00 and set a “neutral” rating for the company in a report on Tuesday, July 30th. Deutsche Bank Aktiengesellschaft decreased their price objective on Informatica from $39.00 to $36.00 and set a “buy” rating on the stock in a report on Thursday, August 1st. UBS Group upped their price objective on Informatica from $27.00 to $30.00 and gave the company a “neutral” rating in a research note on Thursday, October 31st. The Goldman Sachs Group cut their target price on Informatica from $44.00 to $38.00 and set a “buy” rating for the company in a research report on Wednesday, July 31st. Finally, Robert W. Baird lowered their price target on Informatica from $43.00 to $35.00 and set an “outperform” rating on the stock in a research report on Wednesday, July 31st. Three analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $33.20.

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.