Huntington National Bank Lowers Stake in CA Inc. (CA)

Huntington National Bank reduced its stake in CA Inc. (NASDAQ:CA) by 7.5% during the second quarter, according to its most recent filing with the SEC. The firm owned 16,401 shares of the technology company’s stock after selling 1,331 shares during the period. Huntington National Bank’s holdings in CA were worth $565,000 as of its most recent SEC filing.

Several other large investors have also recently modified their holdings of the company. Country Club Trust Company n.a. raised its position in CA by 1.8% in the first quarter. Country Club Trust Company n.a. now owns 300,164 shares of the technology company’s stock valued at $9,521,000 after buying an additional 5,361 shares in the last quarter. First National Bank of Mount Dora Trust Investment Services raised its position in CA by 18.2% in the first quarter. First National Bank of Mount Dora Trust Investment Services now owns 62,163 shares of the technology company’s stock valued at $1,972,000 after buying an additional 9,575 shares in the last quarter. Creative Planning raised its position in CA by 43.9% in the first quarter. Creative Planning now owns 5,989 shares of the technology company’s stock valued at $190,000 after buying an additional 1,828 shares in the last quarter. Hefty Wealth Partners raised its position in CA by 5,080.4% in the first quarter. Hefty Wealth Partners now owns 5,284 shares of the technology company’s stock valued at $167,000 after buying an additional 5,182 shares in the last quarter. Finally, Manning & Napier Advisors LLC raised its position in CA by 9.6% in the first quarter. Manning & Napier Advisors LLC now owns 81,859 shares of the technology company’s stock valued at $2,595,000 after buying an additional 7,188 shares in the last quarter. 70.74% of the stock is currently owned by hedge funds and other institutional investors.

CA Inc. (NASDAQ:CA) opened at 34.65 on Thursday. CA Inc. has a 52 week low of $30.01 and a 52 week high of $36.54. The company has a market cap of $14.48 billion, a P/E ratio of 18.73 and a beta of 0.87. The company has a 50-day moving average of $33.80 and a 200-day moving average of $32.52.

CA (NASDAQ:CA) last announced its quarterly earnings data on Thursday, May 11th. The technology company reported $0.54 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.49 by $0.05. CA had a net margin of 19.20% and a return on equity of 17.15%. The business had revenue of $1.01 billion for the quarter, compared to analyst estimates of $996.59 million. During the same period last year, the business earned $0.60 EPS. The company’s revenue was up .3% on a year-over-year basis. On average, equities research analysts predict that CA Inc. will post $2.38 EPS for the current year.

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CA has been the subject of several recent research reports. Jefferies Group LLC reiterated a “buy” rating and issued a $38.00 price target on shares of CA in a research report on Wednesday, June 21st. Zacks Investment Research upgraded CA from a “sell” rating to a “hold” rating and set a $38.00 target price for the company in a research report on Tuesday, July 11th. Oppenheimer Holdings, Inc. restated a “market perform” rating on shares of CA in a research report on Friday, May 12th. Raymond James Financial, Inc. restated a “market perform” rating on shares of CA in a research report on Thursday, June 22nd. Finally, DA Davidson restated a “neutral” rating and set a $12.00 target price on shares of CA in a research report on Friday, May 19th. Four research analysts have rated the stock with a sell rating, eight have issued a hold rating and five have assigned a buy rating to the company. The company presently has a consensus rating of “Hold” and a consensus price target of $35.10.

In related news, insider Ayman Sayed sold 30,194 shares of CA stock in a transaction on Wednesday, June 21st. The shares were sold at an average price of $35.62, for a total transaction of $1,075,510.28. Following the sale, the insider now directly owns 168,455 shares in the company, valued at approximately $6,000,367.10. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. 0.90% of the stock is currently owned by company insiders.

CA Company Profile

CA, Inc (CA) is engaged in providing software solutions enabling customers to plan, develop, manage and secure applications and enterprise environments across distributed, cloud, mobile and mainframe platforms. The Company operates through three business segments: Mainframe Solutions, Enterprise Solutions and Services.

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Institutional Ownership by Quarter for CA (NASDAQ:CA)

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