Denali Advisors LLC lessened its stake in shares of CA, Inc. (NASDAQ:CA) by 38.4% during the third quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 131,300 shares of the technology company’s stock after selling 82,000 shares during the quarter. Denali Advisors LLC’s holdings in CA were worth $5,797,000 at the end of the most recent reporting period.
Other large investors also recently made changes to their positions in the company. Standard Life Aberdeen plc grew its holdings in CA by 1.3% during the 2nd quarter. Standard Life Aberdeen plc now owns 632,043 shares of the technology company’s stock valued at $22,535,000 after buying an additional 8,009 shares during the last quarter. Schwab Charles Investment Management Inc. boosted its holdings in shares of CA by 1.9% during the second quarter. Schwab Charles Investment Management Inc. now owns 1,260,352 shares of the technology company’s stock worth $44,932,000 after purchasing an additional 23,026 shares during the last quarter. Amalgamated Bank boosted its holdings in shares of CA by 3.2% during the second quarter. Amalgamated Bank now owns 40,372 shares of the technology company’s stock worth $1,439,000 after purchasing an additional 1,238 shares during the last quarter. Glenmede Trust Co. NA boosted its holdings in shares of CA by 1,328.6% during the second quarter. Glenmede Trust Co. NA now owns 709,097 shares of the technology company’s stock worth $25,279,000 after purchasing an additional 659,460 shares during the last quarter. Finally, Fort L.P. boosted its holdings in shares of CA by 8.2% during the second quarter. Fort L.P. now owns 33,159 shares of the technology company’s stock worth $1,182,000 after purchasing an additional 2,506 shares during the last quarter. Hedge funds and other institutional investors own 69.87% of the company’s stock.
Shares of CA stock opened at $43.97 on Tuesday. CA, Inc. has a twelve month low of $31.45 and a twelve month high of $44.25. The firm has a market capitalization of $18.46 billion, a P/E ratio of 18.95, a PEG ratio of 3.82 and a beta of 0.84. The company has a debt-to-equity ratio of 0.32, a quick ratio of 2.21 and a current ratio of 2.21.
The company also recently announced a quarterly dividend, which was paid on Tuesday, September 11th. Investors of record on Thursday, August 23rd were issued a $0.255 dividend. This represents a $1.02 dividend on an annualized basis and a yield of 2.32%. The ex-dividend date was Wednesday, August 22nd. CA’s payout ratio is currently 43.97%.
In related news, insider Ayman Sayed sold 18,693 shares of CA stock in a transaction on Friday, August 10th. The stock was sold at an average price of $43.27, for a total value of $808,846.11. Following the transaction, the insider now owns 89,514 shares in the company, valued at $3,873,270.78. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders sold 81,531 shares of company stock worth $3,543,039 in the last quarter. 0.87% of the stock is owned by insiders.
Several equities research analysts have recently issued reports on the company. ValuEngine upgraded CA from a “hold” rating to a “buy” rating in a report on Thursday, July 12th. Zacks Investment Research cut CA from a “buy” rating to a “hold” rating in a report on Monday. Argus cut CA from a “buy” rating to a “hold” rating in a report on Tuesday, July 24th. TheStreet cut CA from an “a-” rating to a “c” rating in a report on Wednesday, July 11th. Finally, Jefferies Financial Group cut CA from a “buy” rating to a “hold” rating and set a $38.00 price objective on the stock. in a report on Tuesday, July 17th. Twelve investment analysts have rated the stock with a hold rating and one has assigned a buy rating to the company’s stock. The company currently has an average rating of “Hold” and an average price target of $38.07.
CA, Inc, together with its subsidiaries, 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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