Achmea Investment Management B.V. increased its position in CA, Inc. (NASDAQ:CA) by 23.6% in the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 131,806 shares of the technology company’s stock after acquiring an additional 25,157 shares during the period. Achmea Investment Management B.V.’s holdings in CA were worth $5,816,000 at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors have also recently made changes to their positions in CA. BDO Wealth Advisors LLC purchased a new stake in CA during the 2nd quarter valued at $100,000. First Mercantile Trust Co. purchased a new stake in CA during the 2nd quarter valued at $113,000. Bbva Compass Bancshares Inc. purchased a new stake in CA during the 3rd quarter valued at $151,000. Captrust Financial Advisors raised its stake in CA by 53.5% during the 2nd quarter. Captrust Financial Advisors now owns 4,458 shares of the technology company’s stock valued at $159,000 after buying an additional 1,553 shares during the last quarter. Finally, Stratos Wealth Partners LTD. purchased a new stake in CA during the 3rd quarter valued at $206,000. Institutional investors own 69.66% of the company’s stock.
A number of brokerages have weighed in on CA. BidaskClub upgraded shares of CA from a “hold” rating to a “buy” rating in a research note on Friday, October 12th. Jefferies Financial Group lowered shares of CA from a “buy” rating to a “hold” rating and set a $38.00 target price for the company. in a research note on Tuesday, July 17th. Royal Bank of Canada restated a “hold” rating and issued a $44.50 price objective on shares of CA in a research note on Friday, July 13th. Zacks Investment Research lowered CA from a “buy” rating to a “hold” rating in a research note on Monday, October 8th. Finally, Argus lowered CA from a “buy” rating to a “hold” rating in a research note on Tuesday, July 24th. Ten analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. The company has a consensus rating of “Hold” and an average target price of $38.52.
NASDAQ:CA opened at $44.44 on Friday. The company has a quick ratio of 2.21, a current ratio of 2.21 and a debt-to-equity ratio of 0.32. The firm has a market capitalization of $18.58 billion, a PE ratio of 19.16, a P/E/G ratio of 3.84 and a beta of 0.73. CA, Inc. has a one year low of $31.97 and a one year high of $44.47.
In other news, insider Ayman Sayed sold 34,562 shares of the company’s stock in a transaction on Monday, August 13th. The stock was sold at an average price of $43.34, for a total value of $1,497,917.08. Following the completion of the sale, the insider now directly owns 89,514 shares in the company, valued at approximately $3,879,536.76. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Corporate insiders own 0.87% of the company’s stock.
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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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