Johnson Financial Group Inc. lowered its position in shares of CA, Inc. (NASDAQ:CA) by 15.3% in the 3rd quarter, HoldingsChannel reports. The fund owned 16,329 shares of the technology company’s stock after selling 2,954 shares during the period. Johnson Financial Group Inc.’s holdings in CA were worth $721,000 at the end of the most recent reporting period.

Other institutional investors also recently made changes to their positions in the company. BlackRock Inc. lifted its holdings in shares of CA by 1.7% in the 2nd quarter. BlackRock Inc. now owns 22,578,942 shares of the technology company’s stock worth $804,940,000 after acquiring an additional 380,919 shares during the last quarter. Bank of New York Mellon Corp lifted its holdings in shares of CA by 36,466.0% in the 3rd quarter. Bank of New York Mellon Corp now owns 16,875,553 shares of the technology company’s stock worth $745,055,000 after acquiring an additional 16,829,402 shares during the last quarter. Northern Trust Corp lifted its holdings in shares of CA by 6.8% in the 2nd quarter. Northern Trust Corp now owns 5,655,403 shares of the technology company’s stock worth $201,614,000 after acquiring an additional 358,505 shares during the last quarter. LSV Asset Management lifted its holdings in shares of CA by 4.5% in the 2nd quarter. LSV Asset Management now owns 3,905,074 shares of the technology company’s stock worth $139,215,000 after acquiring an additional 168,480 shares during the last quarter. Finally, Hexavest Inc. lifted its holdings in shares of CA by 219.4% in the 3rd quarter. Hexavest Inc. now owns 2,989,999 shares of the technology company’s stock worth $132,008,000 after acquiring an additional 2,053,910 shares during the last quarter. Institutional investors and hedge funds own 69.66% of the company’s stock.

Shares of NASDAQ CA opened at $44.44 on Wednesday. The company has a current ratio of 2.21, a quick ratio of 2.21 and a debt-to-equity ratio of 0.32. CA, Inc. has a 52 week low of $31.97 and a 52 week high of $44.47. The firm has a market capitalization of $18.58 billion, a P/E ratio of 19.16, a PEG ratio of 3.84 and a beta of 0.73.

A number of equities research analysts have recently weighed in on CA shares. BidaskClub upgraded shares of CA from a “buy” rating to a “strong-buy” rating in a report on Wednesday, October 24th. Zacks Investment Research lowered shares of CA from a “buy” rating to a “hold” rating in a report on Monday, October 8th. Finally, Argus lowered shares of CA from a “buy” rating to a “hold” rating in a report on Tuesday, July 24th. Ten analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and a consensus target price of $38.52.

COPYRIGHT VIOLATION NOTICE: “CA, Inc. (CA) Position Reduced by Johnson Financial Group Inc.” was published by Daily Political and is owned by of Daily Political. If you are viewing this piece on another publication, it was illegally copied and republished in violation of U.S. and international copyright laws. The original version of this piece can be viewed at https://www.dailypolitical.com/2018/11/21/ca-inc-ca-position-reduced-by-johnson-financial-group-inc.html.

CA Company Profile

CA, Inc, doing business as CA technologies, develops, markets, delivers, and licenses software products and services in the United States and internationally. It operates through three segments: Mainframe Solutions, Enterprise Solutions, and Services. The Mainframe Solutions segment offers solutions for the IBM z Systems platform, which runs various mission critical business applications.

Read More: What is cost of equity?

Want to see what other hedge funds are holding CA? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for CA, Inc. (NASDAQ:CA).

Institutional Ownership by Quarter for CA (NASDAQ:CA)

Receive News & Ratings for CA Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for CA and related companies with MarketBeat.com's FREE daily email newsletter.