Mitsubishi UFJ Kokusai Asset Management Co. Ltd. reduced its position in shares of CA Inc. (NASDAQ:CA) by 10.4% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 45,030 shares of the technology company’s stock after selling 5,216 shares during the period. Mitsubishi UFJ Kokusai Asset Management Co. Ltd.’s holdings in CA were worth $1,552,000 at the end of the most recent reporting period.

Several other large investors have also recently made changes to their positions in the stock. Creative Planning raised its position in shares of CA by 43.9% in the first quarter. Creative Planning now owns 5,989 shares of the technology company’s stock valued at $190,000 after buying an additional 1,828 shares during the period. National Pension Service raised its position in shares of CA by 5.3% in the first quarter. National Pension Service now owns 330,824 shares of the technology company’s stock valued at $10,514,000 after buying an additional 16,605 shares during the period. Bank of Montreal Can raised its position in shares of CA by 6.8% in the first quarter. Bank of Montreal Can now owns 477,691 shares of the technology company’s stock valued at $15,154,000 after buying an additional 30,327 shares during the period. DnB Asset Management AS raised its position in shares of CA by 15.1% in the first quarter. DnB Asset Management AS now owns 37,394 shares of the technology company’s stock valued at $1,186,000 after buying an additional 4,900 shares during the period. Finally, Nisa Investment Advisors LLC raised its position in shares of CA by 1.4% in the first quarter. Nisa Investment Advisors LLC now owns 187,090 shares of the technology company’s stock valued at $5,934,000 after buying an additional 2,635 shares during the period. 71.09% of the stock is owned by hedge funds and other institutional investors.

Shares of CA Inc. (CA) opened at 32.38 on Friday. CA Inc. has a one year low of $30.01 and a one year high of $36.54. The company has a 50-day moving average of $33.27 and a 200 day moving average of $32.45. The firm has a market cap of $13.64 billion, a PE ratio of 17.99 and a beta of 0.86.

CA (NASDAQ:CA) last released its quarterly earnings results on Wednesday, August 2nd. The technology company reported $0.61 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.55 by $0.06. The firm had revenue of $1.03 billion during the quarter, compared to analysts’ expectations of $1.01 billion. CA had a return on equity of 16.54% and a net margin of 18.59%. CA’s quarterly revenue was up 2.6% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.64 EPS. On average, equities research analysts expect that CA Inc. will post $2.46 EPS for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Tuesday, September 12th. Shareholders of record on Thursday, August 24th will be issued a $0.255 dividend. This represents a $1.02 dividend on an annualized basis and a yield of 3.15%. The ex-dividend date of this dividend is Tuesday, August 22nd. CA’s dividend payout ratio is presently 56.67%.

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Several research analysts have weighed in on the stock. Raymond James Financial, Inc. reaffirmed a “market perform” rating on shares of CA in a research note on Thursday, June 22nd. Sanford C. Bernstein reaffirmed an “underperform” rating and set a $28.00 target price on shares of CA in a research note on Wednesday, June 28th. Citigroup Inc. increased their target price on shares of CA from $34.00 to $36.00 and gave the stock a “neutral” rating in a research note on Wednesday, June 28th. Zacks Investment Research lowered shares of CA from a “buy” rating to a “hold” rating in a research note on Monday, July 17th. Finally, BidaskClub lowered shares of CA from a “hold” rating to a “sell” rating in a research note on Saturday, July 1st. Four research analysts have rated the stock with a sell rating, nine have assigned a hold rating and five have issued a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus price target of $35.09.

In other CA news, insider Adam Elster sold 166,621 shares of the company’s stock in a transaction that occurred on Monday, August 7th. The stock was sold at an average price of $32.26, for a total value of $5,375,193.46. Following the completion of the transaction, the insider now owns 251,356 shares in the company, valued at approximately $8,108,744.56. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider Ayman Sayed sold 18,694 shares of the company’s stock in a transaction that occurred on Monday, August 14th. The stock was sold at an average price of $32.47, for a total value of $606,994.18. Following the completion of the transaction, the insider now owns 120,196 shares of the company’s stock, valued at approximately $3,902,764.12. The disclosure for this sale can be found here. In the last 90 days, insiders sold 228,666 shares of company stock valued at $7,481,319. 0.90% of the stock is owned by company 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.

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Institutional Ownership by Quarter for CA (NASDAQ:CA)

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