CA Inc. (CA) Holdings Raised by The Manufacturers Life Insurance Company

The Manufacturers Life Insurance Company boosted its stake in shares of CA Inc. (NASDAQ:CA) by 1.1% in the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 367,111 shares of the technology company’s stock after purchasing an additional 4,044 shares during the quarter. The Manufacturers Life Insurance Company owned about 0.09% of CA worth $12,654,000 at the end of the most recent quarter.

Other institutional investors also recently made changes to their positions in the company. Sii Investments Inc. WI boosted its position in CA by 1.7% during the second quarter. Sii Investments Inc. WI now owns 8,039 shares of the technology company’s stock worth $278,000 after purchasing an additional 131 shares during the period. Teachers Advisors LLC boosted its position in CA by 2.4% during the second quarter. Teachers Advisors LLC now owns 1,326,972 shares of the technology company’s stock worth $45,741,000 after purchasing an additional 31,368 shares during the period. Bank of New York Mellon Corp boosted its position in CA by 11.1% during the second quarter. Bank of New York Mellon Corp now owns 27,003,706 shares of the technology company’s stock worth $930,816,000 after purchasing an additional 2,691,791 shares during the period. Northwestern Mutual Wealth Management Co. boosted its position in CA by 26.2% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 3,148 shares of the technology company’s stock worth $108,000 after purchasing an additional 654 shares during the period. Finally, Louisiana State Employees Retirement System boosted its position in CA by 0.5% during the second quarter. Louisiana State Employees Retirement System now owns 19,400 shares of the technology company’s stock worth $669,000 after purchasing an additional 100 shares during the period. 67.49% of the stock is owned by hedge funds and other institutional investors.

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In related news, EVP Jacob Lamm sold 16,349 shares of CA stock in a transaction that occurred on Monday, September 11th. The stock was sold at an average price of $33.45, for a total transaction of $546,874.05. Following the completion of the sale, the executive vice president now directly owns 45,483 shares of the company’s stock, valued at approximately $1,521,406.35. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, insider Michael P. Gregoire sold 71,235 shares of CA stock in a transaction that occurred on Monday, September 11th. The stock was sold at an average price of $33.38, for a total value of $2,377,824.30. Following the sale, the insider now directly owns 285,652 shares of the company’s stock, valued at $9,535,063.76. The disclosure for this sale can be found here. Over the last three months, insiders have sold 286,056 shares of company stock valued at $9,330,507. 0.90% of the stock is currently owned by insiders.

CA Inc. (NASDAQ:CA) opened at 34.10 on Friday. The firm has a market capitalization of $14.37 billion, a price-to-earnings ratio of 18.94 and a beta of 0.83. The company has a 50 day moving average price of $33.38 and a 200-day moving average price of $32.83. CA Inc. has a 52 week low of $30.01 and a 52 week high of $36.54.

CA (NASDAQ:CA) last released its quarterly earnings results on Wednesday, August 2nd. The technology company reported $0.61 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.55 by $0.06. The business had revenue of $1.03 billion during the quarter, compared to analysts’ expectations of $1.01 billion. CA had a return on equity of 16.54% and a net margin of 18.59%. The firm’s revenue for the quarter was up 2.6% compared to the same quarter last year. During the same period last year, the firm posted $0.64 EPS. Equities analysts predict that CA Inc. will post $2.46 earnings per share for the current year.

A number of research analysts have recently commented on the company. Citigroup Inc. upped their price target on CA from $34.00 to $36.00 and gave the stock a “neutral” rating in a report on Wednesday, June 28th. BidaskClub lowered CA from a “hold” rating to a “sell” rating in a report on Saturday, July 1st. Royal Bank Of Canada reiterated a “hold” rating and set a $32.00 price target on shares of CA in a report on Monday, August 21st. Zacks Investment Research lowered CA from a “buy” rating to a “hold” rating in a report on Monday, July 17th. Finally, KeyCorp reiterated a “sector weight” rating on shares of CA in a report on Sunday, September 17th. Four research analysts have rated the stock with a sell rating, ten have assigned a hold rating and six have issued a buy rating to the company’s stock. The company presently has an average rating of “Hold” and an average price target of $34.88.

About CA

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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