Chevy Chase Trust Holdings Inc. Reduces Stake in CA Inc. (NASDAQ:CA)

Chevy Chase Trust Holdings Inc. cut its position in CA Inc. (NASDAQ:CA) by 0.1% during the second quarter, Holdings Channel reports. The firm owned 269,959 shares of the technology company’s stock after selling 279 shares during the period. Chevy Chase Trust Holdings Inc.’s holdings in CA were worth $9,305,000 as of its most recent filing with the SEC.

Other hedge funds have also bought and sold shares of the company. Vanguard Group Inc. boosted 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 worth $834,606,000 after buying an additional 5,729,276 shares in the last quarter. Bank of New York Mellon Corp boosted its stake 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 period. Macquarie Group Ltd. boosted its stake in CA by 2.1% in the first quarter. Macquarie Group Ltd. now owns 23,725,398 shares of the technology company’s stock valued at $752,570,000 after buying an additional 479,924 shares during the period. BlackRock Inc. boosted its stake 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 period. Finally, Bank of America Corp DE boosted its stake in CA by 1.0% in the first quarter. Bank of America Corp DE now owns 15,719,102 shares of the technology company’s stock valued at $498,611,000 after buying an additional 154,092 shares during the period. Hedge funds and other institutional investors own 70.62% of the company’s stock.

Shares of CA Inc. (NASDAQ CA) opened at 34.64 on Friday. The stock has a market capitalization of $14.47 billion, a price-to-earnings ratio of 18.72 and a beta of 0.87. The company has a 50 day moving average of $33.50 and a 200 day moving average of $32.46. CA Inc. has a 52-week low of $30.01 and a 52-week high of $36.54.

CA (NASDAQ:CA) last released its earnings results on Thursday, May 11th. The technology company reported $0.54 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.49 by $0.05. The firm had revenue of $1.01 billion for the quarter, compared to analyst estimates of $996.59 million. CA had a return on equity of 17.15% and a net margin of 19.20%. CA’s revenue was up .3% compared to the same quarter last year. During the same period in the previous year, the company earned $0.60 earnings per share. Analysts predict that CA Inc. will post $2.38 EPS for the current fiscal year.

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Several brokerages have recently weighed in on CA. Zacks Investment Research raised shares of CA from a “sell” rating to a “hold” rating and set a $38.00 price target for the company in a research report on Tuesday, July 11th. Citigroup Inc. reiterated a “neutral” rating and set a $34.00 price objective (up previously from $33.00) on shares of CA in a research note on Sunday, May 14th. Jefferies Group LLC restated a “buy” rating and set a $38.00 price target on shares of CA in a research note on Sunday, May 14th. Raymond James Financial, Inc. upgraded shares of CA from a “market perform” rating to an “outperform” rating and set a $42.00 price target on the stock in a research note on Monday, May 8th. Finally, Piper Jaffray Companies upped their price target on shares of CA from $42.00 to $45.00 and gave the company an “overweight” rating in a research note on Monday, April 17th. Four analysts have rated the stock with a sell rating, eight have issued a hold rating and five have assigned a buy rating to the stock. The company currently has an average rating of “Hold” and a consensus price target of $35.10.

In other CA news, 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 transaction 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 filing with the Securities & Exchange Commission, which is available at this hyperlink. Company insiders own 0.90% of the company’s stock.

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.

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)

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