Highland Capital Management LLC acquired a new stake in CA Inc. (NASDAQ:CA) during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund acquired 5,871 shares of the technology company’s stock, valued at approximately $202,000.

A number of other hedge funds and other institutional investors have also bought and sold shares of CA. Bedrijfstakpensioenfonds Voor DE Media PNO acquired a new position in CA during the second quarter valued at $1,176,000. Alpha Windward LLC boosted its position in CA by 5.2% in the second quarter. Alpha Windward LLC now owns 9,762 shares of the technology company’s stock valued at $336,000 after buying an additional 482 shares in the last quarter. Louisiana State Employees Retirement System boosted its position in CA by 0.5% in the second quarter. Louisiana State Employees Retirement System now owns 19,400 shares of the technology company’s stock valued at $669,000 after buying an additional 100 shares in the last quarter. Jarislowsky Fraser Ltd boosted its position in CA by 1.1% in the second quarter. Jarislowsky Fraser Ltd now owns 2,679,339 shares of the technology company’s stock valued at $92,356,000 after buying an additional 30,040 shares in the last quarter. Finally, LS Investment Advisors LLC boosted its position in CA by 4.9% in the second quarter. LS Investment Advisors LLC now owns 19,567 shares of the technology company’s stock valued at $674,000 after buying an additional 913 shares in the last quarter. 70.74% of the stock is currently owned by institutional investors and hedge funds.

Shares of CA Inc. (NASDAQ:CA) opened at 34.42 on Monday. CA Inc. has a 1-year low of $30.01 and a 1-year high of $36.54. The company’s 50 day moving average price is $33.50 and its 200-day moving average price is $32.46. The company has a market capitalization of $14.38 billion, a price-to-earnings ratio of 18.61 and a beta of 0.87.

CA (NASDAQ:CA) last announced its earnings results on Thursday, May 11th. The technology company reported $0.54 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ 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 during the quarter, compared to analyst estimates of $996.59 million. During the same quarter in the previous year, the business earned $0.60 earnings per share. The company’s revenue for the quarter was up .3% compared to the same quarter last year. On average, equities analysts forecast that CA Inc. will post $2.38 earnings per share for the current year.

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A number of research analysts have recently commented on the company. Zacks Investment Research cut CA from a “buy” rating to a “hold” rating in a research report on Monday, July 17th. BidaskClub cut CA from a “hold” rating to a “sell” rating in a research report on Saturday, July 1st. Sanford C. Bernstein reaffirmed an “underperform” rating and set a $28.00 price target on shares of CA in a research report on Wednesday, June 28th. Citigroup Inc. upped their price target on CA from $34.00 to $36.00 and gave the company a “neutral” rating in a research report on Wednesday, June 28th. Finally, Raymond James Financial, Inc. reaffirmed a “market perform” rating on shares of CA in a research report on Thursday, June 22nd. Four equities research analysts have rated the stock with a sell rating, eight have issued a hold rating and five have given a buy rating to the company. The stock presently has a consensus rating of “Hold” and an average target price of $35.10.

In other CA news, insider Ayman Sayed sold 30,194 shares of the business’s stock in a transaction that occurred 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 completion of the transaction, the insider now owns 168,455 shares in the company, valued at $6,000,367.10. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 0.90% of the stock is owned by 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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