Pictet Asset Management Ltd. lessened its holdings in shares of CA, Inc. (NASDAQ:CA) by 20.4% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 231,500 shares of the technology company’s stock after selling 59,389 shares during the period. Pictet Asset Management Ltd. owned 0.06% of CA worth $10,221,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors have also made changes to their positions in the company. Westpac Banking Corp grew its stake in CA by 241.3% during the 3rd quarter. Westpac Banking Corp now owns 62,376 shares of the technology company’s stock valued at $2,754,000 after acquiring an additional 44,101 shares in the last quarter. Trexquant Investment LP purchased a new stake in CA during the 3rd quarter valued at about $3,009,000. Schwab Charles Investment Management Inc. grew its stake in CA by 1.9% during the 2nd quarter. Schwab Charles Investment Management Inc. now owns 1,260,352 shares of the technology company’s stock valued at $44,932,000 after acquiring an additional 23,026 shares in the last quarter. Tokio Marine Asset Management Co. Ltd. purchased a new stake in CA during the 3rd quarter valued at about $6,230,000. Finally, Standard Life Aberdeen plc grew its stake 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 acquiring an additional 8,009 shares in the last quarter. 69.66% of the stock is owned by institutional investors.
NASDAQ:CA 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. The stock has a market capitalization of $18.58 billion, a price-to-earnings ratio of 19.16, a PEG ratio of 3.84 and a beta of 0.73. CA, Inc. has a 1-year low of $31.97 and a 1-year high of $44.47.
Several equities analysts have weighed in on the stock. BidaskClub lowered shares of CA from a “strong-buy” rating to a “buy” rating in a report on Friday, November 2nd. Zacks Investment Research lowered shares of CA from a “buy” rating to a “hold” rating in a report on Monday, October 8th. Ten analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus 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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