Advisors Asset Management Inc. Buys 75,351 Shares of CA Inc. (CA)

Advisors Asset Management Inc. increased its stake in CA Inc. (NASDAQ:CA) by 53.3% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 216,725 shares of the technology company’s stock after buying an additional 75,351 shares during the period. Advisors Asset Management Inc.’s holdings in CA were worth $7,471,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in CA. 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. Vanguard Group Inc. raised its position 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. FIL Ltd raised its position in CA by 13.1% in the first quarter. FIL Ltd now owns 8,352,008 shares of the technology company’s stock valued at $264,926,000 after buying an additional 964,522 shares during the last quarter. First Trust Advisors LP raised its position in CA by 22.6% in the first quarter. First Trust Advisors LP now owns 3,837,809 shares of the technology company’s stock valued at $121,735,000 after buying an additional 706,514 shares during the last quarter. Finally, 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. 71.09% of the stock is owned by hedge funds and other institutional investors.

Shares of CA Inc. (NASDAQ CA) opened at 32.50 on Wednesday. CA Inc. has a 1-year low of $30.01 and a 1-year high of $36.54. The stock has a market cap of $13.69 billion, a P/E ratio of 18.06 and a beta of 0.86. The firm’s 50-day moving average price is $33.40 and its 200 day moving average price is $32.44.

CA (NASDAQ:CA) last posted its quarterly earnings results on Wednesday, August 2nd. The technology company reported $0.61 earnings per share for the quarter, beating 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 last year, the firm earned $0.64 earnings per share. CA’s quarterly revenue was up 2.6% on a year-over-year basis. On average, equities analysts expect that CA Inc. will post $2.46 earnings per share for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, September 12th. Shareholders of record on Thursday, August 24th will be paid a $0.255 dividend. This represents a $1.02 dividend on an annualized basis and a yield of 3.14%. The ex-dividend date of this dividend is Tuesday, August 22nd. CA’s dividend payout ratio is presently 56.67%.

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CA has been the subject of several recent research reports. Citigroup Inc. boosted their price target on CA from $34.00 to $36.00 and gave the stock a “neutral” rating in a research report on Wednesday, June 28th. BidaskClub lowered CA from a “hold” rating to a “sell” rating in a research report on Saturday, July 1st. Jefferies Group LLC reissued a “buy” rating and issued a $38.00 price target on shares of CA in a research report on Wednesday, June 21st. DA Davidson reissued a “neutral” rating and issued a $12.00 price target on shares of CA in a research report on Friday, May 19th. Finally, Zacks Investment Research lowered CA from a “buy” rating to a “hold” rating in a research report on Monday, July 17th. Four research analysts have rated the stock with a sell rating, nine have issued a hold rating and five have given a buy rating to the company. The company currently has a consensus rating of “Hold” and an average target price of $35.09.

In other CA news, insider Adam Elster sold 166,621 shares of the firm’s stock in a transaction dated Monday, August 7th. The stock was sold at an average price of $32.26, for a total transaction of $5,375,193.46. Following the transaction, the insider now owns 251,356 shares of the company’s stock, valued at $8,108,744.56. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, insider Ayman Sayed sold 30,194 shares of the firm’s stock in a transaction dated Wednesday, June 21st. The stock was sold at an average price of $35.62, for a total value of $1,075,510.28. Following the transaction, the insider now directly owns 168,455 shares in the company, valued at approximately $6,000,367.10. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 228,429 shares of company stock worth $7,473,593. 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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