Mint Tower Capital Management B.V. purchased a new stake in CA, Inc. (NASDAQ:CA) in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund purchased 42,745 shares of the technology company’s stock, valued at approximately $1,887,000.
Other hedge funds also recently modified their holdings of the company. BDO Wealth Advisors LLC acquired a new position in CA during the second quarter valued at approximately $100,000. First Mercantile Trust Co. acquired a new position in CA during the second quarter valued at approximately $113,000. Bbva Compass Bancshares Inc. acquired a new position in CA during the third quarter valued at approximately $151,000. Captrust Financial Advisors raised its position in CA by 53.5% during the second quarter. Captrust Financial Advisors now owns 4,458 shares of the technology company’s stock valued at $159,000 after purchasing an additional 1,553 shares in the last quarter. Finally, Stratos Wealth Partners LTD. acquired a new position in CA during the third quarter valued at approximately $206,000. Institutional investors and hedge funds own 69.66% of the company’s stock.
Shares of CA stock opened at $44.44 on Friday. The company has a current ratio of 2.21, a quick ratio of 2.21 and a debt-to-equity ratio of 0.32. CA, Inc. has a twelve month low of $31.97 and a twelve month high of $44.47. The firm has a market capitalization of $18.58 billion, a P/E ratio of 19.16, a price-to-earnings-growth ratio of 3.84 and a beta of 0.73.
Several research analysts have recently issued reports on CA shares. ValuEngine upgraded shares of CA from a “hold” rating to a “buy” rating in a report on Thursday, July 12th. BidaskClub downgraded shares of CA from a “strong-buy” rating to a “buy” rating in a report on Friday, November 2nd. Argus downgraded shares of CA from a “buy” rating to a “hold” rating in a report on Tuesday, July 24th. Zacks Investment Research upgraded shares of CA from a “hold” rating to a “buy” rating and set a $49.00 price target for the company in a report on Thursday, August 9th. Finally, Jefferies Financial Group downgraded shares of CA from a “buy” rating to a “hold” rating and set a $38.00 price target for the company. in a report on Tuesday, July 17th. Ten investment analysts have rated the stock with a hold rating and two have given a buy rating to the stock. The stock presently has an average rating of “Hold” and an average target price of $38.52.
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CA Company 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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