CIBC Asset Management Inc raised its holdings in shares of CA, Inc. (NASDAQ:CA) by 2.4% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 50,715 shares of the technology company’s stock after purchasing an additional 1,199 shares during the quarter. CIBC Asset Management Inc’s holdings in CA were worth $2,239,000 as of its most recent filing with the Securities & Exchange Commission.
Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. BDO Wealth Advisors LLC purchased a new stake in shares of CA in the second quarter worth about $100,000. First Mercantile Trust Co. purchased a new stake in shares of CA in the second quarter worth about $113,000. Captrust Financial Advisors lifted its holdings in shares of CA by 53.5% in the second quarter. Captrust Financial Advisors now owns 4,458 shares of the technology company’s stock worth $159,000 after buying an additional 1,553 shares in the last quarter. Stratos Wealth Partners LTD. purchased a new stake in shares of CA in the third quarter worth about $206,000. Finally, Lourd Capital LLC purchased a new stake in shares of CA in the third quarter worth about $207,000. 69.66% of the stock is currently owned by institutional investors and hedge funds.
In related news, insider Ayman Sayed sold 14,418 shares of the company’s stock in a transaction that occurred on Thursday, August 16th. The shares were sold at an average price of $43.56, for a total value of $628,048.08. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. 0.87% of the stock is currently owned by corporate insiders.
A number of brokerages have recently issued reports on CA. BidaskClub downgraded shares of CA from a “strong-buy” rating to a “buy” rating in a report on Friday, November 2nd. Royal Bank of Canada restated a “hold” rating and issued a $44.50 price objective on shares of CA in a research report on Friday, July 13th. Jefferies Financial Group cut shares of CA from a “buy” rating to a “hold” rating and set a $38.00 price objective on the stock. in a research report on Tuesday, July 17th. Zacks Investment Research cut shares of CA from a “buy” rating to a “hold” rating in a research report on Monday, October 8th. Finally, Argus cut shares of CA from a “buy” rating to a “hold” rating in a research report on Tuesday, July 24th. Ten analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. The stock has an average rating of “Hold” and a consensus price target of $38.52.
CA, Inc, doing business as CA technologies, develops, markets, delivers, and licenses software products and services in the United States and internationally. It operates through three segments: Mainframe Solutions, Enterprise Solutions, and Services. The Mainframe Solutions segment offers solutions for the IBM z Systems platform, which runs various mission critical business applications.
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