CA Inc. (CA) Shares Bought by Sentry Investment Management LLC
Sentry Investment Management LLC increased its holdings in shares of CA Inc. (NASDAQ:CA) by 1.3% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 19,884 shares of the technology company’s stock after buying an additional 252 shares during the quarter. Sentry Investment Management LLC’s holdings in CA were worth $685,000 as of its most recent SEC filing.
A number of other institutional investors have also modified their holdings of CA. Northwestern Mutual Wealth Management Co. increased its holdings in CA by 26.2% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 3,148 shares of the technology company’s stock worth $108,000 after purchasing an additional 654 shares in the last quarter. Bessemer Group Inc. increased its holdings in CA by 419.6% during the 2nd quarter. Bessemer Group Inc. now owns 3,871 shares of the technology company’s stock worth $134,000 after purchasing an additional 3,126 shares in the last quarter. D.A. Davidson & CO. increased its holdings in CA by 4.2% during the 2nd quarter. D.A. Davidson & CO. now owns 4,227 shares of the technology company’s stock worth $145,000 after purchasing an additional 169 shares in the last quarter. CENTRAL TRUST Co increased its holdings in CA by 7.4% during the 2nd quarter. CENTRAL TRUST Co now owns 4,609 shares of the technology company’s stock worth $159,000 after purchasing an additional 319 shares in the last quarter. Finally, AT Bancorp bought a new position in CA during the 2nd quarter worth about $165,000. 67.49% of the stock is currently owned by institutional investors and hedge funds.
In related news, insider Michael P. Gregoire sold 71,235 shares of the 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 approximately $9,535,063.76. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Adam Elster sold 166,621 shares of the stock in a transaction that occurred on Monday, August 7th. The shares were sold at an average price of $32.26, for a total transaction of $5,375,193.46. Following the completion of the transaction, the insider now directly owns 251,356 shares of the company’s stock, valued at $8,108,744.56. The disclosure for this sale can be found here. Over the last three months, insiders have sold 286,056 shares of company stock valued at $9,330,507. Insiders own 0.90% of the company’s stock.
CA Inc. (NASDAQ CA) opened at 34.10 on Friday. The stock has a 50 day moving average price of $33.38 and a 200 day moving average price of $32.83. The company has a market cap of $14.37 billion, a PE ratio of 18.94 and a beta of 0.83. CA Inc. has a one year low of $30.01 and a one year high of $36.54.
CA (NASDAQ:CA) last released its quarterly earnings results on Wednesday, August 2nd. The technology company reported $0.61 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.55 by $0.06. The business had revenue of $1.03 billion during the quarter, compared to analyst estimates of $1.01 billion. CA had a net margin of 18.59% and a return on equity of 16.54%. The company’s quarterly revenue was up 2.6% on a year-over-year basis. During the same period in the prior year, the firm posted $0.64 earnings per share. On average, equities analysts anticipate that CA Inc. will post $2.46 EPS for the current fiscal year.
CA has been the subject of a number of research reports. Barclays PLC reiterated an “equal weight” rating and set a $36.00 target price (up previously from $35.00) on shares of CA in a report on Thursday, August 3rd. Zacks Investment Research upgraded CA from a “sell” rating to a “hold” rating and set a $38.00 target price for the company in a report on Tuesday, July 11th. ValuEngine upgraded CA from a “hold” rating to a “buy” rating in a report on Monday, September 11th. BidaskClub upgraded CA from a “strong sell” rating to a “sell” rating in a report on Wednesday, August 9th. Finally, KeyCorp reiterated a “sector weight” rating on shares of CA in a report on Sunday, September 17th. Four analysts have rated the stock with a sell rating, ten have assigned a hold rating and six have given a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and an average target price of $34.88.
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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