Exane Derivatives Purchases 3,093 Shares of CA Inc. (CA)
Exane Derivatives boosted its stake in CA Inc. (NASDAQ:CA) by 40.1% during the second quarter, according to its most recent 13F filing with the SEC. The firm owned 10,815 shares of the technology company’s stock after buying an additional 3,093 shares during the period. Exane Derivatives’ holdings in CA were worth $373,000 at the end of the most recent reporting period.
Other large investors have also recently modified their holdings of the company. Vanguard Group Inc. boosted its stake in shares of CA by 27.8% in the first quarter. Vanguard Group Inc. now owns 26,311,643 shares of the technology company’s stock valued at $834,606,000 after buying an additional 5,729,276 shares during the last quarter. Bank of New York Mellon Corp boosted its stake in shares of CA by 2.3% in the first quarter. Bank of New York Mellon Corp now owns 24,311,915 shares of the technology company’s stock valued at $771,175,000 after buying an additional 546,030 shares during the last quarter. Macquarie Group Ltd. boosted its stake in shares of CA by 2.1% in the first quarter. Macquarie Group Ltd. now owns 23,725,398 shares of the technology company’s stock valued at $752,570,000 after buying an additional 479,924 shares during the last quarter. BlackRock Inc. boosted its stake in shares of CA by 2,711.1% in the first quarter. BlackRock Inc. now owns 20,716,899 shares of the technology company’s stock valued at $657,139,000 after buying an additional 19,979,935 shares during the last quarter. Finally, Bank of America Corp DE boosted its stake in shares of CA by 1.0% in the first quarter. Bank of America Corp DE now owns 15,719,102 shares of the technology company’s stock valued at $498,611,000 after buying an additional 154,092 shares during the last quarter. 70.62% of the stock is currently owned by institutional investors.
CA Inc. (NASDAQ CA) opened at 34.21 on Wednesday. The stock’s 50 day moving average price is $33.34 and its 200-day moving average price is $32.43. The company has a market capitalization of $14.29 billion, a P/E ratio of 18.49 and a beta of 0.87. CA Inc. has a one year low of $30.01 and a one year high of $36.54.
CA (NASDAQ:CA) last announced its quarterly earnings results on Thursday, May 11th. The technology company reported $0.54 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.49 by $0.05. CA had a return on equity of 17.15% and a net margin of 19.20%. The business had revenue of $1.01 billion for the quarter, compared to the consensus estimate of $996.59 million. During the same period last year, the business posted $0.60 EPS. The business’s revenue was up .3% compared to the same quarter last year. Equities analysts forecast that CA Inc. will post $2.38 EPS for the current year.
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CA has been the topic of several recent research reports. FIG Partners raised CA to an “outperform” rating and upped their price target for the stock from $40.00 to $42.25 in a research note on Wednesday, May 3rd. Jefferies Group LLC reaffirmed a “buy” rating and issued a $38.00 price target on shares of CA in a research note on Sunday, May 14th. Zacks Investment Research raised CA from a “sell” rating to a “hold” rating and set a $38.00 price target on the stock in a research note on Tuesday, July 11th. Oppenheimer Holdings, Inc. reaffirmed a “market perform” rating on shares of CA in a research note on Friday, May 12th. Finally, Raymond James Financial, Inc. raised CA from a “market perform” rating to an “outperform” rating and set a $42.00 price target on the stock in a research note on Monday, May 8th. Four investment analysts have rated the stock with a sell rating, eight have given a hold rating and five have assigned a buy rating to the company. CA currently has an average rating of “Hold” and an average price target of $35.10.
In related news, insider Ayman Sayed sold 30,194 shares of the business’s stock in a transaction on Wednesday, June 21st. The stock was sold at an average price of $35.62, for a total transaction of $1,075,510.28. Following the transaction, 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 SEC, which can be accessed through this link. Company insiders own 0.90% of the company’s stock.
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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