CA Inc. (CA) PT Lowered to $34.00 at Barclays PLC

CA Inc. (NASDAQ:CA) had its target price reduced by Barclays PLC from $36.00 to $34.00 in a research report released on Thursday morning. They currently have an equal weight rating on the technology company’s stock.

Several other equities analysts also recently weighed in on CA. BidaskClub upgraded CA from a strong sell rating to a sell rating in a report on Wednesday, August 9th. Mizuho reaffirmed a hold rating and set a $34.00 price objective on shares of CA in a research report on Friday, July 28th. ValuEngine raised CA from a hold rating to a buy rating in a research report on Monday, September 11th. Zacks Investment Research raised CA from a sell rating to a hold rating and set a $38.00 price objective on the stock in a research report on Tuesday, July 11th. Finally, Sanford C. Bernstein reaffirmed an underperform rating and set a $28.00 price objective on shares of CA in a research report on Wednesday, June 28th. Four equities research analysts have rated the stock with a sell rating, ten have assigned a hold rating and six have assigned a buy rating to the company’s stock. The stock currently has an average rating of Hold and an average target price of $34.75.

CA (NASDAQ CA) traded up 0.74% during trading on Thursday, reaching $32.87. 4,022,586 shares of the company’s stock were exchanged. CA has a 12 month low of $30.01 and a 12 month high of $36.54. The stock has a market cap of $13.76 billion, a PE ratio of 19.00 and a beta of 0.83. The firm has a 50 day moving average of $33.44 and a 200-day moving average of $32.90.

CA (NASDAQ:CA) last issued its quarterly earnings results on Wednesday, October 25th. The technology company reported $0.62 earnings per share for the quarter, meeting the consensus estimate of $0.62. CA had a return on equity of 15.74% and a net margin of 17.83%. The firm had revenue of $1.03 billion during the quarter, compared to the consensus estimate of $1.05 billion. During the same period last year, the company earned $0.67 earnings per share. The company’s revenue was up 1.6% on a year-over-year basis. On average, equities research analysts anticipate that CA will post $2.46 earnings per share for the current fiscal year.

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In other CA news, insider Adam Elster sold 166,621 shares of CA stock in a transaction that occurred on Monday, August 7th. The stock was sold at an average price of $32.26, for a total value of $5,375,193.46. Following the sale, the insider now owns 251,356 shares of the company’s stock, valued at approximately $8,108,744.56. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, insider Ayman Sayed sold 12,920 shares of CA stock in a transaction that occurred on Friday, August 11th. The stock was sold at an average price of $32.19, for a total value of $415,894.80. Following the completion of the sale, the insider now directly owns 114,422 shares in the company, valued at approximately $3,683,244.18. The disclosure for this sale can be found here. Insiders have sold a total of 286,056 shares of company stock worth $9,330,507 in the last three months. 0.90% of the stock is owned by corporate insiders.

Several institutional investors have recently made changes to their positions in the company. Vanguard Group Inc. boosted its holdings in shares of CA by 22.3% in the 2nd quarter. Vanguard Group Inc. now owns 32,166,860 shares of the technology company’s stock worth $1,108,792,000 after purchasing an additional 5,855,217 shares during the period. Bank of New York Mellon Corp boosted its holdings in shares of CA by 11.1% in the 2nd quarter. Bank of New York Mellon Corp now owns 27,003,706 shares of the technology company’s stock worth $930,816,000 after purchasing an additional 2,691,791 shares during the period. BlackRock Inc. boosted its holdings in shares of CA by 1.5% in the 2nd quarter. BlackRock Inc. now owns 21,017,338 shares of the technology company’s stock worth $724,466,000 after purchasing an additional 300,439 shares during the period. Dimensional Fund Advisors LP boosted its holdings in shares of CA by 3.0% in the 2nd quarter. Dimensional Fund Advisors LP now owns 5,800,913 shares of the technology company’s stock worth $199,953,000 after purchasing an additional 170,063 shares during the period. Finally, First Trust Advisors LP boosted its holdings in shares of CA by 15.7% in the 2nd quarter. First Trust Advisors LP now owns 4,441,835 shares of the technology company’s stock worth $153,110,000 after purchasing an additional 604,026 shares during the period. Hedge funds and other institutional investors own 67.43% of the company’s stock.

About CA

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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