CIBC Asset Management Inc Acquires 1,199 Shares of CA, Inc. (CA)

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.

CA stock opened at $44.44 on Friday. The company has a current ratio of 2.21, a quick ratio of 2.21 and a debt-to-equity ratio of 0.32. The company has a market capitalization of $18.58 billion, a P/E ratio of 19.16, a P/E/G ratio of 3.84 and a beta of 0.73. CA, Inc. has a 1-year low of $31.97 and a 1-year high of $44.47.

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.

TRADEMARK VIOLATION NOTICE: “CIBC Asset Management Inc Acquires 1,199 Shares of CA, Inc. (CA)” was reported by Sports Perspectives and is owned by of Sports Perspectives. If you are reading this piece of content on another website, it was illegally copied and republished in violation of United States and international trademark & copyright laws. The original version of this piece of content can be accessed at https://sportsperspectives.com/2018/11/10/cibc-asset-management-inc-acquires-1199-shares-of-ca-inc-ca.html.

CA Profile

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.

See Also: How to Profit and Limit Losses With Stop Orders

Want to see what other hedge funds are holding CA? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for CA, Inc. (NASDAQ:CA).

Institutional Ownership by Quarter for CA (NASDAQ:CA)

Receive News & Ratings for CA Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for CA and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply