Janus Capital Management LLC lowered its position in CA Inc. (NASDAQ:CA) by 60.9% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 317,154 shares of the technology company’s stock after selling 494,200 shares during the period. Janus Capital Management LLC owned approximately 0.08% of CA worth $10,060,000 as of its most recent SEC filing.
Other hedge funds have also recently bought and sold shares of the company. Park National Corp OH increased its stake in shares of CA by 0.3% in the first quarter. Park National Corp OH now owns 8,885 shares of the technology company’s stock valued at $282,000 after buying an additional 28 shares in the last quarter. Cleararc Capital Inc. increased its stake in shares of CA by 0.4% in the first quarter. Cleararc Capital Inc. now owns 7,648 shares of the technology company’s stock valued at $243,000 after buying an additional 32 shares in the last quarter. Alpha Windward LLC increased its stake in shares of CA by 0.7% in the first quarter. Alpha Windward LLC now owns 9,280 shares of the technology company’s stock valued at $294,000 after buying an additional 61 shares in the last quarter. U S Global Investors Inc increased its stake in shares of CA by 0.6% in the first quarter. U S Global Investors Inc now owns 15,500 shares of the technology company’s stock valued at $492,000 after buying an additional 100 shares in the last quarter. Finally, Parallel Advisors LLC increased its stake in shares of CA by 3.4% in the first quarter. Parallel Advisors LLC now owns 3,245 shares of the technology company’s stock valued at $106,000 after buying an additional 107 shares in the last quarter. 70.67% of the stock is currently owned by institutional investors.
Shares of CA Inc. (CA) traded up 0.44% during midday trading on Friday, reaching $31.99. The company’s stock had a trading volume of 2,237,697 shares. The stock has a market capitalization of $13.28 billion, a P/E 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 stock’s 50-day moving average is $33.70 and its 200 day moving average is $32.45.
CA (NASDAQ:CA) last announced its quarterly earnings data on Wednesday, August 2nd. The technology company reported $0.61 earnings per share for the quarter, beating the Thomson Reuters’ 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 during the quarter, compared to analysts’ expectations of $1.01 billion. During the same quarter last year, the company earned $0.64 EPS. CA’s revenue for the quarter was up 2.6% compared to the same quarter last year. On average, analysts expect that CA Inc. will post $2.45 earnings per share for the current fiscal year.
Several equities analysts recently weighed in on the company. Citigroup Inc. reiterated 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. Zacks Investment Research downgraded CA from a “hold” rating to a “sell” rating in a research report on Tuesday, May 16th. DA Davidson reiterated a “neutral” rating and set a $12.00 target price on shares of CA in a research report on Friday, May 19th. BidaskClub downgraded CA from a “hold” rating to a “sell” rating in a report on Saturday, July 1st. Finally, Raymond James Financial, Inc. restated a “market perform” rating on shares of CA in a report on Thursday, June 22nd. 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 stock. The company has an average rating of “Hold” and an average price target of $35.09.
In related news, insider Ayman Sayed sold 30,194 shares of the firm’s stock in a transaction dated 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 completion of the sale, the insider now directly owns 168,455 shares in the company, valued at approximately $6,000,367.10. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Company 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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