CA Inc. (NASDAQ:CA)‘s stock had its “sector weight” rating reissued by equities research analysts at KeyCorp in a research report issued on Sunday.

CA has been the topic of a number of other research reports. BidaskClub cut shares of CA from a “hold” rating to a “sell” rating in a research note on Saturday, July 1st. Sanford C. Bernstein reaffirmed an “underperform” rating and set a $28.00 target price on shares of CA in a research note on Wednesday, June 28th. Zacks Investment Research raised shares of CA from a “sell” rating to a “hold” rating and set a $38.00 price objective on the stock in a research note on Tuesday, July 11th. ValuEngine raised shares of CA from a “hold” rating to a “buy” rating in a research note on Monday, September 11th. Finally, Barclays PLC reissued an “equal weight” rating and issued a $36.00 price objective (up previously from $35.00) on shares of CA in a research note on Thursday, August 3rd. Four analysts have rated the stock with a sell rating, eleven have given a hold rating and six have assigned a buy rating to the stock. The stock presently has an average rating of “Hold” and a consensus price target of $34.88.

CA (CA) traded up 0.36% during midday trading on Friday, reaching $33.22. The company had a trading volume of 141,916 shares. The stock’s 50 day moving average is $32.51 and its 200 day moving average is $32.61. CA has a one year low of $30.01 and a one year high of $36.54. The company has a market capitalization of $13.99 billion, a PE ratio of 18.46 and a beta of 0.82.

CA (NASDAQ:CA) last posted its earnings results on Wednesday, August 2nd. The technology company reported $0.61 earnings per share for the quarter, topping analysts’ consensus estimates of $0.55 by $0.06. The firm had revenue of $1.03 billion for the quarter, compared to analysts’ expectations of $1.01 billion. CA had a net margin of 18.59% and a return on equity of 16.54%. The company’s revenue was up 2.6% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.64 earnings per share. Equities research analysts forecast that CA will post $2.46 earnings per share for the current fiscal year.

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In other news, insider Adam Elster sold 166,621 shares of the company’s stock in a transaction dated Monday, August 7th. The shares were sold at an average price of $32.26, for a total transaction of $5,375,193.46. Following the transaction, the insider now 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 the SEC website. Also, 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 transaction of $1,075,510.28. Following the transaction, the insider now owns 168,455 shares in the company, valued at approximately $6,000,367.10. The disclosure for this sale can be found here. In the last 90 days, insiders sold 316,250 shares of company stock worth $10,406,017. 0.90% of the stock is owned by company insiders.

Hedge funds and other institutional investors have recently made changes to their positions in the company. Northwestern Mutual Wealth Management Co. raised its holdings in shares of CA by 26.2% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 3,148 shares of the technology company’s stock valued at $108,000 after purchasing an additional 654 shares during the period. Parallel Advisors LLC raised its holdings in shares of CA by 3.4% during the first quarter. Parallel Advisors LLC now owns 3,245 shares of the technology company’s stock valued at $106,000 after purchasing an additional 107 shares during the period. Bessemer Group Inc. raised its holdings in shares of CA by 419.6% during the second quarter. Bessemer Group Inc. now owns 3,871 shares of the technology company’s stock valued at $134,000 after purchasing an additional 3,126 shares during the period. D.A. Davidson & CO. raised its holdings in shares of CA by 4.2% during the second quarter. D.A. Davidson & CO. now owns 4,227 shares of the technology company’s stock valued at $145,000 after purchasing an additional 169 shares during the period. Finally, CENTRAL TRUST Co raised its holdings in shares of CA by 7.4% during the second quarter. CENTRAL TRUST Co now owns 4,609 shares of the technology company’s stock valued at $159,000 after purchasing an additional 319 shares during the period. Hedge funds and other institutional investors own 67.51% of the company’s stock.

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.

Analyst Recommendations for CA (NASDAQ:CA)

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