Mirae Asset Global Investments Co. Ltd. lifted its position in CA, Inc. (NASDAQ:CA) by 86.4% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 92,815 shares of the technology company’s stock after acquiring an additional 43,028 shares during the quarter. Mirae Asset Global Investments Co. Ltd.’s holdings in CA were worth $4,095,000 as of its most recent SEC filing.
Several other hedge funds have also recently added to or reduced their stakes in CA. Bank of New York Mellon Corp raised its holdings in shares of CA by 36,466.0% in the third quarter. Bank of New York Mellon Corp now owns 16,875,553 shares of the technology company’s stock valued at $745,055,000 after acquiring an additional 16,829,402 shares in the last quarter. Alpine Associates Management Inc. bought a new stake in shares of CA in the third quarter valued at about $185,262,000. Hexavest Inc. raised its holdings in shares of CA by 219.4% in the third quarter. Hexavest Inc. now owns 2,989,999 shares of the technology company’s stock valued at $132,008,000 after acquiring an additional 2,053,910 shares in the last quarter. Gabelli Funds LLC bought a new stake in shares of CA in the third quarter valued at about $73,725,000. Finally, FIL Ltd raised its holdings in shares of CA by 46.4% in the third quarter. FIL Ltd now owns 3,838,119 shares of the technology company’s stock valued at $169,453,000 after acquiring an additional 1,215,980 shares in the last quarter. Hedge funds and other institutional investors own 69.66% of the company’s stock.
Several equities analysts have issued reports on CA shares. BidaskClub lowered CA from a “strong-buy” rating to a “buy” rating in a research note on Friday, November 2nd. Zacks Investment Research lowered CA from a “buy” rating to a “hold” rating in a research note on Monday, October 8th. Ten investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. The stock currently has a consensus rating of “Hold” and an average target price of $38.52.
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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.
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