DekaBank Deutsche Girozentrale lowered its stake in CA Inc. (NASDAQ:CA) by 24.0% during the second quarter, Holdings Channel reports. The firm owned 210,455 shares of the technology company’s stock after selling 66,317 shares during the period. DekaBank Deutsche Girozentrale’s holdings in CA were worth $7,261,000 at the end of the most recent reporting period.

Other large investors also recently made changes to their positions in the company. Cleararc Capital Inc. increased its position in shares of CA by 0.4% in the first quarter. Cleararc Capital Inc. now owns 7,648 shares of the technology company’s stock worth $243,000 after buying an additional 32 shares during the period. Hefty Wealth Partners increased its position in shares of CA by 0.6% in the second quarter. Hefty Wealth Partners now owns 5,316 shares of the technology company’s stock worth $183,000 after buying an additional 32 shares during the period. Alpha Windward LLC increased its position in shares of CA by 0.7% in the first quarter. Alpha Windward LLC now owns 9,280 shares of the technology company’s stock worth $294,000 after buying an additional 61 shares during the period. Advisor Partners LLC increased its position in shares of CA by 0.9% in the second quarter. Advisor Partners LLC now owns 7,353 shares of the technology company’s stock worth $253,000 after buying an additional 64 shares during the period. Finally, U S Global Investors Inc increased its position in shares of CA by 0.6% in the first quarter. U S Global Investors Inc now owns 15,500 shares of the technology company’s stock worth $492,000 after buying an additional 100 shares during the period. Institutional investors and hedge funds own 71.09% of the company’s stock.

Shares of CA Inc. (NASDAQ:CA) opened at 32.67 on Tuesday. The stock has a market cap of $13.76 billion, a PE ratio of 18.15 and a beta of 0.86. CA Inc. has a one year low of $30.01 and a one year high of $36.54. The company’s 50-day moving average price is $33.46 and its 200-day moving average price is $32.43.

CA (NASDAQ:CA) last released its quarterly earnings results on Wednesday, August 2nd. The technology company reported $0.61 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.55 by $0.06. CA had a return on equity of 16.54% and a net margin of 18.59%. The business had revenue of $1.03 billion during the quarter, compared to analyst estimates of $1.01 billion. During the same quarter in the previous year, the company posted $0.64 earnings per share. CA’s revenue for the quarter was up 2.6% on a year-over-year basis. Equities research analysts anticipate that CA Inc. will post $2.45 earnings per share for the current 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 dividend of $0.255 per share. This represents a $1.02 annualized dividend and a yield of 3.12%. The ex-dividend date is Tuesday, August 22nd. CA’s dividend payout ratio is presently 56.67%.

COPYRIGHT VIOLATION NOTICE: This report was originally reported by Watch List News and is owned by of Watch List News. If you are viewing this report on another domain, it was copied illegally and republished in violation of US & international trademark and copyright laws. The legal version of this report can be accessed at https://www.watchlistnews.com/dekabank-deutsche-girozentrale-sells-66317-shares-of-ca-inc-nasdaqca/1489547.html.

A number of research analysts have recently commented on CA shares. BidaskClub cut CA from a “sell” rating to a “strong sell” rating in a research report on Wednesday, August 2nd. Citigroup Inc. reaffirmed a “neutral” rating and set a $34.00 price target (up previously from $33.00) on shares of CA in a research report on Sunday, May 14th. Barclays PLC reaffirmed an “equal weight” rating and set a $36.00 price target (up previously from $35.00) on shares of CA in a research report on Wednesday, August 9th. Mizuho reaffirmed a “hold” rating and set a $34.00 price target on shares of CA in a research report on Friday, July 28th. Finally, Jefferies Group LLC reaffirmed a “buy” rating and set a $38.00 price target on shares of CA in a research report on Friday, April 28th. Four equities research analysts have rated the stock with a sell rating, nine have given a hold rating and five have assigned a buy rating to the stock. CA has an average rating of “Hold” and a consensus target price of $35.09.

In other news, insider Adam Elster sold 166,621 shares of the business’s stock in a transaction dated 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 transaction, the insider now directly owns 251,356 shares in the company, valued at $8,108,744.56. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Ayman Sayed sold 30,194 shares of the business’s stock in a transaction dated Wednesday, June 21st. The shares were sold at an average price of $35.62, for a total value of $1,075,510.28. Following the completion of the transaction, the insider now owns 168,455 shares in the company, valued at $6,000,367.10. The disclosure for this sale can be found here. Insiders have sold 209,735 shares of company stock valued at $6,866,599 in the last three months. 0.90% of the stock is currently owned by corporate 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.

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 Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for CA Inc. and related companies with Analyst Ratings Network's FREE daily email newsletter.