Advisors Asset Management Inc. Has $6.99 Million Holdings in CA Inc. (CA)

Advisors Asset Management Inc. lessened its stake in CA Inc. (NASDAQ:CA) by 3.3% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 209,514 shares of the technology company’s stock after selling 7,211 shares during the period. Advisors Asset Management Inc. owned about 0.05% of CA worth $6,994,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in CA. Vanguard Group Inc. grew its position in shares of CA by 22.3% in the 2nd quarter. Vanguard Group Inc. now owns 32,166,860 shares of the technology company’s stock valued at $1,108,792,000 after buying an additional 5,855,217 shares during the last quarter. Bank of New York Mellon Corp grew its position in shares of CA by 12.0% in the 3rd quarter. Bank of New York Mellon Corp now owns 30,244,351 shares of the technology company’s stock valued at $1,009,556,000 after buying an additional 3,240,645 shares during the last quarter. Assenagon Asset Management S.A. bought a new stake in shares of CA in the 3rd quarter valued at about $22,192,000. First Trust Advisors LP grew its position in shares of CA by 15.7% in the 2nd quarter. First Trust Advisors LP now owns 4,441,835 shares of the technology company’s stock valued at $153,110,000 after buying an additional 604,026 shares during the last quarter. Finally, Pictet Asset Management Ltd. boosted its position in shares of CA by 182.0% during the 3rd quarter. Pictet Asset Management Ltd. now owns 909,370 shares of the technology company’s stock valued at $30,355,000 after purchasing an additional 586,900 shares in the last quarter. Hedge funds and other institutional investors own 68.53% of the company’s stock.

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In other news, EVP Jacob Lamm sold 16,349 shares of the company’s stock in a transaction that occurred on Monday, September 11th. The stock was sold at an average price of $33.45, for a total value of $546,874.05. Following the completion of the transaction, the executive vice president now directly owns 45,483 shares of the company’s stock, valued at $1,521,406.35. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, insider Michael P. Gregoire sold 71,235 shares of the company’s stock in a transaction that occurred on Monday, September 11th. The shares were sold at an average price of $33.38, for a total value of $2,377,824.30. Following the completion of the transaction, 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 sold 112,427 shares of company stock valued at $3,734,332. Company insiders own 0.90% of the company’s stock.

Shares of CA Inc. (NASDAQ:CA) traded down $0.07 during trading on Friday, hitting $32.51. The stock had a trading volume of 1,900,263 shares, compared to its average volume of 2,189,691. The stock has a market capitalization of $13,606.83, a P/E ratio of 14.91, a PEG ratio of 4.33 and a beta of 0.74. CA Inc. has a 12-month low of $30.01 and a 12-month high of $36.54. The company has a current ratio of 1.24, a quick ratio of 1.24 and a debt-to-equity ratio of 0.42.

CA (NASDAQ:CA) last issued its quarterly earnings data on Wednesday, October 25th. The technology company reported $0.62 EPS for the quarter, hitting the consensus estimate of $0.62. The firm had revenue of $1.03 billion during the quarter, compared to the consensus estimate of $1.05 billion. CA had a return on equity of 15.74% and a net margin of 17.83%. The company’s quarterly revenue was up 1.6% compared to the same quarter last year. During the same period in the prior year, the business posted $0.67 earnings per share. equities analysts expect that CA Inc. will post 2.25 EPS for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 12th. Stockholders of record on Thursday, November 30th will be paid a $0.255 dividend. This represents a $1.02 annualized dividend and a dividend yield of 3.14%. The ex-dividend date of this dividend is Wednesday, November 29th. CA’s dividend payout ratio (DPR) is presently 58.62%.

Several equities research analysts recently commented on CA shares. BidaskClub lowered CA from a “sell” rating to a “strong sell” rating in a research report on Thursday, November 9th. Barclays PLC restated an “equal weight” rating and set a $36.00 target price (up previously from $35.00) on shares of CA in a research report on Thursday, August 3rd. ValuEngine upgraded CA from a “hold” rating to a “buy” rating in a research report on Monday, September 11th. Zacks Investment Research upgraded CA from a “hold” rating to a “buy” rating and set a $37.00 target price on the stock in a research report on Monday, October 30th. Finally, Acadian Timber Corp lowered CA from an “outperform” rating to a “sector perform” rating and cut their target price for the company from $19.25 to $18.50 in a research report on Monday, July 31st. Four investment analysts have rated the stock with a sell rating, ten have given a hold rating and six have given a buy rating to the company. The stock presently has an average rating of “Hold” and an average price target of $33.58.

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.

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Institutional Ownership by Quarter for CA (NASDAQ:CA)

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