Andra AP fonden Has $10 Million Stake in CA, Inc. (NASDAQ:CA)

Andra AP fonden lifted its stake in shares of CA, Inc. (NASDAQ:CA) by 10.9% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 226,400 shares of the technology company’s stock after purchasing an additional 22,300 shares during the quarter. Andra AP fonden owned about 0.05% of CA worth $9,996,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also modified their holdings of CA. BDO Wealth Advisors LLC purchased a new stake in shares of CA in the second quarter valued at $100,000. First Mercantile Trust Co. purchased a new stake in shares of CA during the second quarter worth $113,000. Captrust Financial Advisors raised its holdings in shares of CA by 53.5% during the second quarter. Captrust Financial Advisors now owns 4,458 shares of the technology company’s stock worth $159,000 after acquiring an additional 1,553 shares in the last quarter. Lourd Capital LLC purchased a new stake in shares of CA during the third quarter worth $207,000. Finally, Intact Investment Management Inc. purchased a new stake in shares of CA during the second quarter worth $214,000. 69.66% of the stock is owned by institutional investors and hedge funds.

Shares of CA stock remained flat at $$44.44 on Thursday. 111,611 shares of the stock traded hands, compared to its average volume of 7,228,520. The firm has a market cap of $18.58 billion, a price-to-earnings ratio of 19.16, a price-to-earnings-growth ratio of 3.84 and a beta of 0.73. CA, Inc. has a one year low of $31.97 and a one year high of $44.47. The company has a quick ratio of 2.21, a current ratio of 2.21 and a debt-to-equity ratio of 0.32.

Several equities research analysts have recently issued reports on CA shares. Zacks Investment Research downgraded CA from a “buy” rating to a “hold” rating in a research report on Monday, October 8th. BidaskClub raised CA from a “buy” rating to a “strong-buy” rating in a research report on Wednesday, October 24th. Wells Fargo & Co raised CA from an “underperform” rating to a “market perform” rating and lifted their target price for the stock from $30.00 to $45.00 in a research report on Thursday, July 12th. Sanford C. Bernstein raised CA from an “underperform” rating to a “market perform” rating and set a $19.00 target price on the stock in a research report on Thursday, July 12th. Finally, Evercore ISI raised CA from an “underperform” rating to an “in-line” rating and set a $44.50 target price on the stock in a research report on Thursday, July 12th. Ten research analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and an average target price of $38.52.

In other CA news, insider Ayman Sayed sold 18,693 shares of the business’s stock in a transaction dated Friday, August 10th. The shares were sold at an average price of $43.27, for a total transaction of $808,846.11. Following the sale, the insider now directly owns 89,514 shares of the company’s stock, valued at approximately $3,873,270.78. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Insiders have sold a total of 67,673 shares of company stock worth $2,934,811 over the last three months. Insiders own 0.87% of the company’s stock.

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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.

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Institutional Ownership by Quarter for CA (NASDAQ:CA)

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