CA Inc. (CA) Stake Lowered by Pictet Asset Management Ltd.
Pictet Asset Management Ltd. cut its stake in CA Inc. (NASDAQ:CA) by 56.7% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 322,470 shares of the technology company’s stock after selling 422,600 shares during the period. Pictet Asset Management Ltd.’s holdings in CA were worth $10,245,000 as of its most recent filing with the SEC.
Other hedge funds have also recently bought and sold shares of the company. Vanguard Group Inc. raised its stake in 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 raised its position in 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. raised its position in 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. raised its position in 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 raised its position in 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. Hedge funds and other institutional investors own 71.09% of the company’s stock.
Shares of CA Inc. (CA) opened at 32.67 on Tuesday. The stock has a market capitalization of $13.76 billion, a P/E ratio of 18.15 and a beta of 0.86. The stock has a 50 day moving average of $33.46 and a 200-day moving average of $32.43. CA Inc. has a one year low of $30.01 and a one year high of $36.54.
CA (NASDAQ:CA) last posted its quarterly earnings results on Wednesday, August 2nd. The technology company reported $0.61 EPS for the quarter, topping the Zacks’ consensus estimate of $0.55 by $0.06. CA had a return on equity of 16.54% and a net margin of 18.59%. The company had revenue of $1.03 billion for the quarter, compared to analysts’ expectations of $1.01 billion. During the same period in the previous year, the firm earned $0.64 EPS. The firm’s revenue was up 2.6% compared to the same quarter last year. Equities analysts forecast that CA Inc. will post $2.45 earnings per share for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 12th. Stockholders of record on Thursday, August 24th will be issued a dividend of $0.255 per share. The ex-dividend date is Tuesday, August 22nd. This represents a $1.02 annualized dividend and a dividend yield of 3.12%. CA’s dividend payout ratio (DPR) is 56.67%.
Several equities analysts recently weighed in on the stock. Citigroup Inc. restated a “neutral” rating and set a $34.00 price target (up previously from $33.00) on shares of CA in a research report on Sunday, May 14th. Zacks Investment Research lowered shares of CA from a “hold” rating to a “sell” rating in a research report on Tuesday, May 16th. DA Davidson restated a “neutral” rating and set a $12.00 price target on shares of CA in a research report on Friday, May 19th. BidaskClub downgraded shares of CA from a “hold” rating to a “sell” rating in a report on Saturday, July 1st. Finally, Raymond James Financial, Inc. reaffirmed a “market perform” rating on shares of CA in a report on Thursday, June 22nd. Four investment analysts have rated the stock with a sell rating, nine have issued a hold rating and five have issued a buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus target price of $35.09.
In other CA news, insider Ayman Sayed sold 12,920 shares of the company’s stock in a transaction 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 transaction, the insider now owns 114,422 shares of the company’s stock, valued at approximately $3,683,244.18. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Adam Elster sold 166,621 shares of the company’s stock in a transaction on Monday, August 7th. The shares were sold at an average price of $32.26, for a total value of $5,375,193.46. Following the completion of the transaction, the insider now directly owns 251,356 shares in the company, valued at approximately $8,108,744.56. The disclosure for this sale can be found here. Insiders have sold a total of 209,735 shares of company stock worth $6,866,599 over the last ninety days. Insiders own 0.90% of the company’s stock.
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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