Dupont Capital Management Corp raised its position in shares of CA Inc. (NASDAQ:CA) by 214.6% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 159,631 shares of the technology company’s stock after acquiring an additional 108,895 shares during the period. Dupont Capital Management Corp’s holdings in CA were worth $5,328,000 as of its most recent SEC filing.
A number of other hedge funds have also recently added to or reduced their stakes in CA. Vanguard Group Inc. lifted its stake in shares of CA by 22.3% in the second quarter. Vanguard Group Inc. now owns 32,166,860 shares of the technology company’s stock valued at $1,108,792,000 after buying an additional 5,855,217 shares during the period. Bank of New York Mellon Corp lifted its stake in shares of CA by 11.1% in the second quarter. Bank of New York Mellon Corp now owns 27,003,706 shares of the technology company’s stock valued at $930,816,000 after buying an additional 2,691,791 shares during the period. BlackRock Inc. lifted its stake in shares of CA by 1.5% in the second quarter. BlackRock Inc. now owns 21,017,338 shares of the technology company’s stock valued at $724,466,000 after buying an additional 300,439 shares during the period. Dimensional Fund Advisors LP lifted its stake in shares of CA by 3.0% in the second quarter. Dimensional Fund Advisors LP now owns 5,800,913 shares of the technology company’s stock valued at $199,953,000 after buying an additional 170,063 shares during the period. Finally, First Trust Advisors LP lifted its stake in shares of CA by 15.7% in the second quarter. First Trust Advisors LP now owns 4,441,835 shares of the technology company’s stock valued at $153,110,000 after buying an additional 604,026 shares during the period. Institutional investors own 66.96% of the company’s stock.
Several equities research analysts recently weighed in on CA shares. ValuEngine upgraded shares of CA from a “hold” rating to a “buy” rating in a research note on Monday, September 11th. Zacks Investment Research upgraded shares of CA from a “hold” rating to a “buy” rating and set a $37.00 target price for the company in a research note on Monday, October 30th. Barclays PLC reiterated an “equal weight” rating and issued a $36.00 target price (up previously from $35.00) on shares of CA in a research note on Wednesday, August 9th. Mizuho reiterated a “hold” rating and issued a $34.00 target price on shares of CA in a research note on Friday, July 28th. Finally, Royal Bank Of Canada reiterated a “hold” rating and issued a $32.00 target price on shares of CA in a research note on Monday, August 21st. Four investment analysts have rated the stock with a sell rating, ten have issued a hold rating and six have issued a buy rating to the company. The company presently has an average rating of “Hold” and a consensus price target of $34.68.
In other news, insider Adam Elster sold 166,621 shares of the firm’s stock in a transaction that occurred on Monday, August 7th. The shares were sold at an average price of $32.26, for a total transaction of $5,375,193.46. Following the completion of the sale, the insider now owns 251,356 shares of the company’s stock, valued at $8,108,744.56. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, insider Ayman Sayed sold 12,920 shares of the stock in a transaction that occurred on Friday, August 11th. The shares were sold at an average price of $32.19, for a total transaction of $415,894.80. Following the sale, the insider now directly owns 114,422 shares in the company, valued at $3,683,244.18. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 310,899 shares of company stock valued at $10,140,140. Company insiders own 0.90% of the company’s stock.
Shares of CA Inc. (CA) opened at $32.65 on Friday. The firm has a market cap of $13,665.43, a P/E ratio of 14.98, a PEG ratio of 4.35 and a beta of 0.74. The company has a debt-to-equity ratio of 0.42, a quick ratio of 1.24 and a current ratio of 1.24. CA Inc. has a fifty-two week low of $30.01 and a fifty-two week high of $36.54.
CA (NASDAQ:CA) last posted its quarterly earnings data on Wednesday, October 25th. The technology company reported $0.62 earnings per share for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.62. The company had revenue of $1.03 billion during the quarter, compared to analyst estimates of $1.05 billion. CA had a net margin of 17.83% and a return on equity of 15.74%. The company’s revenue was up 1.6% on a year-over-year basis. During the same quarter last year, the business posted $0.67 earnings per share. equities research analysts forecast that CA Inc. will post 2.25 EPS for the current year.
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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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