Zurcher Kantonalbank Zurich Cantonalbank Purchases 4,685 Shares of Informatica Inc. (NYSE:INFA)

Zurcher Kantonalbank Zurich Cantonalbank raised its position in Informatica Inc. (NYSE:INFA) by 73.3% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 11,075 shares of the technology company’s stock after purchasing an additional 4,685 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank’s holdings in Informatica were worth $314,000 as of its most recent filing with the SEC.

Several other hedge funds also recently bought and sold shares of the company. Bank of New York Mellon Corp lifted its holdings in shares of Informatica by 2.3% during the 3rd quarter. Bank of New York Mellon Corp now owns 167,939 shares of the technology company’s stock valued at $3,538,000 after purchasing an additional 3,754 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. boosted its holdings in shares of Informatica by 82.3% in the third quarter. Mirae Asset Global Investments Co. Ltd. now owns 96,682 shares of the technology company’s stock valued at $2,037,000 after buying an additional 43,658 shares during the period. Victory Capital Management Inc. increased its position in shares of Informatica by 4.7% during the third quarter. Victory Capital Management Inc. now owns 12,600 shares of the technology company’s stock worth $265,000 after acquiring an additional 562 shares in the last quarter. Fox Run Management L.L.C. acquired a new stake in shares of Informatica during the third quarter worth $340,000. Finally, Swiss National Bank lifted its position in Informatica by 1.9% in the 3rd quarter. Swiss National Bank now owns 79,900 shares of the technology company’s stock valued at $1,683,000 after acquiring an additional 1,500 shares in the last quarter. 98.45% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of equities analysts have issued reports on INFA shares. Robert W. Baird started coverage on Informatica in a report on Tuesday, April 2nd. They set an “outperform” rating and a $43.00 target price for the company. Wells Fargo & Company dropped their target price on Informatica from $45.00 to $40.00 and set an “overweight” rating on the stock in a research report on Tuesday, April 23rd. JPMorgan Chase & Co. upped their price target on Informatica from $33.00 to $38.00 and gave the stock an “overweight” rating in a research report on Thursday, February 15th. The Goldman Sachs Group upgraded shares of Informatica from a “neutral” rating to a “buy” rating and lifted their price objective for the company from $26.00 to $44.00 in a report on Friday, February 16th. Finally, Guggenheim restated a “buy” rating and set a $37.00 target price on shares of Informatica in a report on Tuesday, April 23rd. Five analysts have rated the stock with a hold rating and six have given a buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $35.45.

Insider Buying and Selling

In other Informatica news, CAO Mark Pellowski sold 10,026 shares of the firm’s stock in a transaction on Monday, April 15th. The stock was sold at an average price of $35.51, for a total transaction of $356,023.26. Following the completion of the sale, the chief accounting officer now owns 150,937 shares of the company’s stock, valued at approximately $5,359,772.87. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In related news, CEO Amit Walia sold 85,996 shares of Informatica stock in a transaction that occurred on Thursday, February 15th. The stock was sold at an average price of $34.14, for a total transaction of $2,935,903.44. Following the completion of the sale, the chief executive officer now directly owns 2,537,995 shares of the company’s stock, valued at approximately $86,647,149.30. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, CAO Mark Pellowski sold 10,026 shares of the company’s stock in a transaction on Monday, April 15th. The shares were sold at an average price of $35.51, for a total value of $356,023.26. Following the completion of the transaction, the chief accounting officer now directly owns 150,937 shares in the company, valued at $5,359,772.87. The disclosure for this sale can be found here. In the last three months, insiders have sold 243,600 shares of company stock valued at $8,259,201. 53.90% of the stock is owned by insiders.

Informatica Stock Performance

Shares of INFA stock opened at $29.84 on Monday. The stock has a market cap of $8.81 billion, a P/E ratio of -1,492.00, a P/E/G ratio of 6.31 and a beta of 1.12. The company has a fifty day moving average price of $34.05 and a two-hundred day moving average price of $29.55. Informatica Inc. has a one year low of $13.29 and a one year high of $39.80. The company has a debt-to-equity ratio of 0.82, a current ratio of 1.66 and a quick ratio of 1.66.

Informatica (NYSE:INFA) last posted its quarterly earnings results on Wednesday, February 14th. The technology company reported $0.17 EPS for the quarter, missing analysts’ consensus estimates of $0.18 by ($0.01). The business had revenue of $445.18 million for the quarter, compared to the consensus estimate of $431.51 million. Informatica had a return on equity of 5.45% and a net margin of 0.03%. As a group, equities analysts predict that Informatica Inc. will post 0.55 EPS for the current year.

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.