CA Inc. (NASDAQ:CA)‘s stock had its “equal weight” rating restated by equities research analysts at Barclays PLC in a report issued on Thursday. They currently have a $36.00 price target on the technology company’s stock, up from their prior price target of $35.00. Barclays PLC’s target price indicates a potential upside of 13.03% from the stock’s previous close.

Other equities research analysts have also recently issued reports about the stock. Citigroup Inc. reissued a “neutral” rating and set a $34.00 price target (up from $33.00) on shares of CA in a research report on Sunday, May 14th. Zacks Investment Research cut shares of CA from a “hold” rating to a “sell” rating in a research report on Tuesday, May 16th. DA Davidson reissued a “neutral” rating and set a $12.00 price target on shares of CA in a research report on Friday, May 19th. BidaskClub cut shares of CA from a “hold” rating to a “sell” rating in a research report on Saturday, July 1st. Finally, Raymond James Financial, Inc. reissued a “market perform” rating on shares of CA in a research report on Thursday, June 22nd. Four analysts have rated the stock with a sell rating, nine have issued a hold rating and five have issued a buy rating to the stock. The stock presently has a consensus rating of “Hold” and an average price target of $35.09.

CA (NASDAQ:CA) opened at 31.85 on Thursday. CA has a 12-month low of $30.01 and a 12-month high of $36.54. The company has a market capitalization of $13.42 billion, a price-to-earnings ratio of 17.22 and a beta of 0.86. The firm’s 50-day moving average price is $33.70 and its 200 day moving average price is $32.45.

CA (NASDAQ:CA) last announced its earnings results on Wednesday, August 2nd. The technology company reported $0.61 earnings per share 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 analyst estimates of $1.01 billion. CA had a net margin of 19.20% and a return on equity of 17.15%. The company’s revenue for the quarter was up 2.6% compared to the same quarter last year. During the same period in the prior year, the business earned $0.64 EPS. On average, equities research analysts expect that CA will post $2.38 EPS for the current fiscal year.

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In other news, insider Ayman Sayed sold 30,194 shares of the company’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 sale, the insider now directly owns 168,455 shares of the company’s stock, valued at approximately $6,000,367.10. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. 0.90% of the stock is currently owned by corporate insiders.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. FMR LLC boosted its position in CA by 0.5% in the fourth quarter. FMR LLC now owns 119,299 shares of the technology company’s stock valued at $3,790,000 after buying an additional 621 shares in the last quarter. Quadrature Capital Ltd bought a new position in CA during the fourth quarter valued at $502,000. Kentucky Retirement Systems bought a new position in CA during the fourth quarter valued at $722,000. Kentucky Retirement Systems Insurance Trust Fund bought a new position in CA during the fourth quarter valued at $322,000. Finally, Park National Corp OH boosted its position in CA by 0.3% in the first quarter. Park National Corp OH now owns 8,885 shares of the technology company’s stock valued at $282,000 after buying an additional 28 shares in the last quarter. 70.67% of the stock is currently owned by hedge funds and other institutional investors.

About CA

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.

Analyst Recommendations for CA (NASDAQ:CA)

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