Lone Pine Purchases 5.2% of Informatica and SemGroup


According to a 13G filed with the SEC, Steve Mandel’s Lone Pine Capital, has taken a 5.2% stake in Informatica Corporation (NASDAQ:INFA). Lone Pine currently owns 5,624,068 shares of Informatica Corporation (NASDAQ:INFA). Informatica closed today up 1.45% to $27.20 a share. Based on the closing price, Lone Pine’s stake is valued at over $150 million.

Informatica Corporation is a leading provider of data integration software. Using  Informatica Corporation (NASDAQ:INFA) products, companies can access, integrate, visualize, and audit their enterprise information assets to help improve business performance, increase customer profitability, streamline supply chain operations and proactively manage regulatory compliance. More than 2,000 companies worldwide rely on Informatica for their end-to-end enterprise data integration needs.

For the six months ended 30 June 2012, Informatica Corporation revenues increased 7% to $386.5M. Net income decreased 3% to $46.6M. Revenues reflect North America segment increase of 7% to $255M, Other Foreign segment increase of 31% to $43.8M. Net income was offset by Sales and Marketing increase of 8% to $140.4M (expense), Research and development increase of 10% to $69.6M (expense).

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Another 13G filed today, shows that Lone Pine Capital has taken a 5.2% stake in SemGroup Corp (NYSE:SEMG). Lone Pine Capital now owns 2,172,935 shares of the Tulsa, Oklahoma based company. Shares of SemGroup Corp (NYSE:SEMG) closed up 0.37% today to  $38.57. Lone Pine’s stake in the oil and gas company, is  currently valued at approximately $85 million.

SemGroup Corp (NYSE:SEMG) provides gathering, transportation, storage, distribution, marketing, and other midstream services primarily to independent producers, and refiners of petroleum products in the United States, United Kingdom, and Canada.

For the six months ended 30 June 2012, SemGroup Corp revenues decreased 13% to $651.8M. Net income before extraordinary items totaled $3.8M vs. loss of $12.3M. Revenues reflect SemStream segment decrease of 98% to $8M, SemLogistics segment decrease of 56% to $6.4M, Corporate & Other segment decrease from $757K to $0K. Net Income reflects SemStream segment income totaling $4.6M vs. loss of $6.7M.


Disclosure: No position

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