CA Inc. (CA) Position Reduced by Prudential Financial Inc.

Prudential Financial Inc. cut its holdings in shares of CA Inc. (NASDAQ:CA) by 0.6% during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 428,947 shares of the technology company’s stock after selling 2,480 shares during the period. Prudential Financial Inc. owned about 0.10% of CA worth $14,786,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the stock. Fort Pitt Capital Group LLC boosted its position in CA by 0.6% in the 1st quarter. Fort Pitt Capital Group LLC now owns 982,181 shares of the technology company’s stock valued at $31,155,000 after buying an additional 6,328 shares during the last quarter. Bank of New York Mellon Corp lifted its stake in shares of CA by 11.1% in the 2nd quarter. Bank of New York Mellon Corp now owns 27,003,706 shares of the technology company’s stock valued at $930,816,000 after purchasing an additional 2,691,791 shares during the period. Louisiana State Employees Retirement System lifted its stake in shares of CA by 0.5% in the 2nd quarter. Louisiana State Employees Retirement System now owns 19,400 shares of the technology company’s stock valued at $669,000 after purchasing an additional 100 shares during the period. TLP Group LLC acquired a new position in shares of CA in the 1st quarter valued at $381,000. Finally, Highland Capital Management LLC acquired a new position in shares of CA in the 2nd quarter valued at $202,000. Institutional investors and hedge funds own 67.51% of the company’s stock.

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Shares of CA Inc. (CA) opened at 33.10 on Friday. The company has a market cap of $13.94 billion, a PE ratio of 18.39 and a beta of 0.82. CA Inc. has a one year low of $30.01 and a one year high of $36.54. The stock’s 50 day moving average price is $32.51 and its 200-day moving average price is $32.61.

CA (NASDAQ:CA) last released its quarterly earnings data on Wednesday, August 2nd. The technology company reported $0.61 earnings per share for the quarter, beating the consensus estimate of $0.55 by $0.06. CA had a net margin of 18.59% and a return on equity of 16.54%. The firm had revenue of $1.03 billion during the quarter, compared to analysts’ expectations of $1.01 billion. During the same period in the previous year, the company earned $0.64 earnings per share. The firm’s quarterly revenue was up 2.6% on a year-over-year basis. On average, analysts expect that CA Inc. will post $2.46 EPS for the current year.

The firm also recently announced a quarterly dividend, which was paid on Tuesday, September 12th. Investors of record on Thursday, August 24th were given a dividend of $0.255 per share. The ex-dividend date of this dividend was Tuesday, August 22nd. This represents a $1.02 annualized dividend and a yield of 3.08%. CA’s dividend payout ratio (DPR) is 56.67%.

In other CA news, insider Adam Elster sold 166,621 shares of the company’s stock in a transaction that occurred 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 $8,108,744.56. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, insider Ayman Sayed sold 30,194 shares of the company’s stock in a transaction on Wednesday, June 21st. The stock was sold at an average price of $35.62, for a total transaction of $1,075,510.28. Following the transaction, the insider now owns 168,455 shares of the company’s stock, valued at approximately $6,000,367.10. The disclosure for this sale can be found here. Insiders have sold 316,250 shares of company stock valued at $10,406,017 over the last 90 days. 0.90% of the stock is currently owned by company insiders.

CA has been the topic of a number of analyst reports. DA Davidson reissued a “neutral” rating and issued a $12.00 price target on shares of CA in a research note on Friday, May 19th. Jefferies Group LLC reaffirmed a “buy” rating and set a $38.00 price objective on shares of CA in a research note on Thursday, June 1st. Raymond James Financial, Inc. reaffirmed a “market perform” rating on shares of CA in a research note on Thursday, June 22nd. Citigroup Inc. lifted their price target on CA from $34.00 to $36.00 and gave the company a “neutral” rating in a research note on Wednesday, June 28th. Finally, Sanford C. Bernstein reissued an “underperform” rating and issued a $28.00 price target on shares of CA in a research note on Wednesday, June 28th. Four research analysts have rated the stock with a sell rating, ten have assigned a hold rating and six have assigned a buy rating to the company. The stock has an average rating of “Hold” and a consensus target price of $34.88.

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.

Institutional Ownership by Quarter for CA (NASDAQ:CA)

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