Meag Munich Ergo Kapitalanlagegesellschaft MBH Sells 376,757 Shares of CA Inc. (NASDAQ:CA)
Meag Munich Ergo Kapitalanlagegesellschaft MBH lowered its stake in shares of CA Inc. (NASDAQ:CA) by 88.0% during the second quarter, according to its most recent Form 13F filing with the SEC. The firm owned 51,433 shares of the technology company’s stock after selling 376,757 shares during the period. Meag Munich Ergo Kapitalanlagegesellschaft MBH’s holdings in CA were worth $1,759,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. FMR LLC boosted its position in CA by 0.5% in the fourth quarter. FMR LLC now owns 119,299 shares of the technology company’s stock valued at $3,790,000 after buying an additional 621 shares during the last quarter. Quadrature Capital Ltd acquired a new stake in shares of CA during the fourth quarter valued at about $502,000. UBS Asset Management Americas Inc. raised its stake in shares of CA by 6.3% in the fourth quarter. UBS Asset Management Americas Inc. now owns 2,090,277 shares of the technology company’s stock valued at $66,407,000 after buying an additional 123,497 shares during the period. Kentucky Retirement Systems acquired a new stake in shares of CA during the fourth quarter valued at about $722,000. Finally, Kentucky Retirement Systems Insurance Trust Fund acquired a new stake in shares of CA during the fourth quarter valued at about $322,000. 70.49% of the stock is owned by hedge funds and other institutional investors.
CA Inc. (NASDAQ CA) opened at 31.99 on Monday. The company has a market cap of $13.28 billion, a price-to-earnings ratio of 17.77 and a beta of 0.86. CA Inc. has a 12 month low of $30.01 and a 12 month high of $36.54. The company’s 50 day moving average is $33.70 and its 200-day moving average is $32.45.
CA (NASDAQ:CA) last posted its earnings results on Wednesday, August 2nd. The technology company reported $0.61 earnings per share for the quarter, beating the consensus estimate of $0.55 by $0.06. The firm had revenue of $1.03 billion during the quarter, compared to analyst estimates of $1.01 billion. CA had a net margin of 18.59% and a return on equity of 16.54%. The business’s quarterly revenue was up 2.6% on a year-over-year basis. During the same period in the previous year, the firm earned $0.64 EPS. On average, analysts expect that CA Inc. will post $2.45 earnings per share for the current fiscal year.
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Several analysts recently issued reports on the stock. BidaskClub lowered shares of CA from a “sell” rating to a “strong sell” rating in a research report on Wednesday, August 2nd. Citigroup Inc. restated a “neutral” rating and set a $34.00 target price (up from $33.00) on shares of CA in a research report on Sunday, May 14th. Mizuho restated a “hold” rating and set a $34.00 target price on shares of CA in a research report on Friday, July 28th. Jefferies Group LLC restated a “buy” rating and set a $38.00 target price on shares of CA in a research report on Sunday, May 14th. Finally, Raymond James Financial, Inc. upgraded shares of CA from a “market perform” rating to an “outperform” rating and set a $42.00 target price for the company in a research report on Monday, May 8th. Four equities research analysts have rated the stock with a sell rating, nine have given a hold rating and five have assigned a buy rating to the company. CA currently has a consensus rating of “Hold” and a consensus target price of $35.09.
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 value of $1,075,510.28. Following the sale, the insider now owns 168,455 shares of the company’s stock, valued at approximately $6,000,367.10. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.90% of the stock is currently owned by company insiders.
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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