Cubist Systematic Strategies LLC Buys 5,202 Shares of CA Inc. (CA)
Cubist Systematic Strategies LLC increased its stake in CA Inc. (NASDAQ:CA) by 57.0% during the second quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 14,328 shares of the technology company’s stock after acquiring an additional 5,202 shares during the quarter. Cubist Systematic Strategies LLC’s holdings in CA were worth $494,000 at the end of the most recent quarter.
Several other hedge funds and other institutional investors also recently modified their holdings of the stock. Northwestern Mutual Wealth Management Co. boosted its position in shares of CA by 26.2% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 3,148 shares of the technology company’s stock worth $108,000 after buying an additional 654 shares during the period. Bessemer Group Inc. boosted its position in shares of CA by 419.6% in the second quarter. Bessemer Group Inc. now owns 3,871 shares of the technology company’s stock worth $134,000 after buying an additional 3,126 shares during the period. D.A. Davidson & CO. boosted its position in shares of CA by 4.2% in the second quarter. D.A. Davidson & CO. now owns 4,227 shares of the technology company’s stock worth $145,000 after buying an additional 169 shares during the period. CENTRAL TRUST Co boosted its position in shares of CA by 7.4% in the second quarter. CENTRAL TRUST Co now owns 4,609 shares of the technology company’s stock worth $159,000 after buying an additional 319 shares during the period. Finally, AT Bancorp acquired a new stake in shares of CA in the second quarter worth $165,000. Institutional investors and hedge funds own 67.49% of the company’s stock.
Shares of CA Inc. (NASDAQ:CA) opened at 34.10 on Monday. The firm has a market cap of $14.37 billion, a PE ratio of 18.94 and a beta of 0.83. CA Inc. has a 52-week low of $30.01 and a 52-week high of $36.54. The company’s 50-day moving average price is $33.38 and its 200-day moving average price is $32.83.
CA (NASDAQ:CA) last released its earnings results on Wednesday, August 2nd. The technology company reported $0.61 earnings per share (EPS) 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%. The company’s revenue was up 2.6% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.64 EPS. Equities analysts expect that CA Inc. will post $2.46 earnings per share for the current fiscal year.
Several analysts have recently commented on the company. Credit Suisse Group reaffirmed a “neutral” rating and issued a $34.00 target price on shares of CA in a research report on Tuesday, September 5th. BidaskClub cut CA from a “hold” rating to a “sell” rating in a research report on Saturday, July 1st. Sanford C. Bernstein reaffirmed an “underperform” rating and issued a $28.00 target price on shares of CA in a research report on Wednesday, June 28th. Mizuho reaffirmed a “hold” rating and issued a $34.00 target price on shares of CA in a research report on Friday, July 28th. Finally, Citigroup Inc. raised their target price on CA from $34.00 to $36.00 and gave the stock a “neutral” rating in a research report on Wednesday, June 28th. 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 stock has a consensus rating of “Hold” and an average price target of $34.88.
In other news, EVP Jacob Lamm sold 16,349 shares of the stock in a transaction dated Monday, September 11th. The shares were sold at an average price of $33.45, for a total transaction of $546,874.05. Following the completion of the transaction, the executive vice president now directly owns 45,483 shares in the company, valued at approximately $1,521,406.35. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, insider Ayman Sayed sold 12,920 shares of the stock in a transaction dated Friday, August 11th. The stock was sold at an average price of $32.19, for a total transaction of $415,894.80. Following the transaction, the insider now owns 114,422 shares of the company’s stock, valued at $3,683,244.18. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 286,056 shares of company stock valued at $9,330,507. Company insiders own 0.90% of the company’s stock.
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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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