Chevy Chase Trust Holdings Inc. Sells 279 Shares of CA Inc. (CA)

Chevy Chase Trust Holdings Inc. lowered its stake in CA Inc. (NASDAQ:CA) by 0.1% during the second quarter, according to its most recent disclosure with the SEC. The institutional investor owned 269,959 shares of the technology company’s stock after selling 279 shares during the period. Chevy Chase Trust Holdings Inc. owned approximately 0.06% of CA worth $9,305,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. Vanguard Group Inc. boosted its position in shares of 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 period. Bank of New York Mellon Corp boosted its position in shares of 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 position in shares of 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 position in shares of 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 position in shares of 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. 70.62% of the stock is owned by institutional investors.

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

CA (NASDAQ:CA) last posted its quarterly earnings data on Thursday, May 11th. The technology company reported $0.54 EPS for the quarter, beating the consensus estimate of $0.49 by $0.05. CA had a return on equity of 17.15% and a net margin of 19.20%. The business had revenue of $1.01 billion for the quarter, compared to the consensus estimate of $996.59 million. During the same quarter in the prior year, the business earned $0.60 earnings per share. CA’s revenue for the quarter was up .3% on a year-over-year basis. On average, equities research analysts forecast that CA Inc. will post $2.38 earnings per share for the current fiscal year.

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Several research analysts recently commented on the company. Piper Jaffray Companies increased their price target on CA from $42.00 to $45.00 and gave the company an “overweight” rating in a research report on Monday, April 17th. Raymond James Financial, Inc. raised CA from a “market perform” rating to an “outperform” rating and set a $42.00 price target for the company in a research report on Monday, May 8th. Jefferies Group LLC reissued a “buy” rating and set a $38.00 price target on shares of CA in a research report on Thursday, June 1st. Zacks Investment Research cut CA from a “buy” rating to a “hold” rating in a research report on Monday. Finally, Citigroup Inc. reissued a “neutral” rating and set a $34.00 price target (up from $33.00) on shares of CA in a research report on Sunday, May 14th. Four analysts have rated the stock with a sell rating, eight have assigned a hold rating and five have given a buy rating to the stock. The stock has a consensus rating of “Hold” and a consensus price target of $35.10.

In other news, insider Ayman Sayed sold 30,194 shares of the company’s stock in a transaction on 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 transaction, the insider now owns 168,455 shares of the company’s stock, valued at $6,000,367.10. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. 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.

Institutional Ownership by Quarter for CA (NASDAQ:CA)

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