NN Investment Partners Holdings N.V. Reduces Stake in CA Inc. (CA)

NN Investment Partners Holdings N.V. lowered its stake in shares of CA Inc. (NASDAQ:CA) by 4.9% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 748,142 shares of the technology company’s stock after selling 38,953 shares during the period. NN Investment Partners Holdings N.V. owned about 0.18% of CA worth $25,790,000 at the end of the most recent reporting period.

Several other institutional investors have also made changes to their positions in the stock. First National Bank of Mount Dora Trust Investment Services increased its stake in CA by 18.2% in the first quarter. First National Bank of Mount Dora Trust Investment Services now owns 62,163 shares of the technology company’s stock worth $1,972,000 after buying an additional 9,575 shares in the last quarter. Creative Planning increased its stake in CA by 43.9% in the first quarter. Creative Planning now owns 5,989 shares of the technology company’s stock worth $190,000 after buying an additional 1,828 shares in the last quarter. Hefty Wealth Partners increased its stake in CA by 5,080.4% in the first quarter. Hefty Wealth Partners now owns 5,284 shares of the technology company’s stock worth $167,000 after buying an additional 5,182 shares in the last quarter. Manning & Napier Advisors LLC increased its stake in CA by 9.6% in the first quarter. Manning & Napier Advisors LLC now owns 81,859 shares of the technology company’s stock worth $2,595,000 after buying an additional 7,188 shares in the last quarter. Finally, Chevy Chase Trust Holdings Inc. increased its stake in CA by 2.5% in the first quarter. Chevy Chase Trust Holdings Inc. now owns 270,238 shares of the technology company’s stock worth $8,572,000 after buying an additional 6,483 shares in the last quarter. Institutional investors and hedge funds own 70.62% of the company’s stock.

CA Inc. (CA) traded down 0.64% during midday trading on Friday, hitting $34.42. The stock had a trading volume of 4,153,589 shares. The stock has a market cap of $14.38 billion, a price-to-earnings ratio of 18.61 and a beta of 0.87. CA Inc. has a 12 month low of $30.01 and a 12 month high of $36.54. The stock has a 50 day moving average of $33.50 and a 200 day moving average of $32.46.

CA (NASDAQ:CA) last announced its quarterly earnings results on Thursday, May 11th. The technology company reported $0.54 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate 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 net margin of 19.20% and a return on equity of 17.15%. The business’s revenue for the quarter was up .3% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.60 EPS. Analysts expect that CA Inc. will post $2.38 EPS for the current fiscal year.

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CA has been the topic of a number of analyst reports. Jefferies Group LLC reiterated a “buy” rating and issued a $38.00 price target on shares of CA in a report on Wednesday, June 21st. Zacks Investment Research upgraded CA from a “sell” rating to a “hold” rating in a report on Tuesday, March 28th. Oppenheimer Holdings, Inc. reiterated a “market perform” rating on shares of CA in a report on Friday, May 12th. Raymond James Financial, Inc. reiterated a “market perform” rating on shares of CA in a report on Thursday, June 22nd. Finally, Citigroup Inc. restated a “neutral” rating and set a $34.00 target price (up previously from $33.00) on shares of CA in a report on Sunday, May 14th. Four investment 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. CA presently has an average rating of “Hold” and a consensus target price of $35.10.

In related news, insider Ayman Sayed sold 30,194 shares of the company’s stock in a transaction dated Wednesday, June 21st. The shares were 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 in the company, valued at approximately $6,000,367.10. The sale was disclosed in a filing with the SEC, which can be accessed through this link. 0.90% of the stock is currently owned by corporate insiders.

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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