Comerica Bank Trims Holdings in CA Inc. (CA)

Comerica Bank decreased its position in CA Inc. (NASDAQ:CA) by 7.1% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 649,022 shares of the technology company’s stock after selling 49,556 shares during the quarter. Comerica Bank owned 0.16% of CA worth $20,976,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also recently added to or reduced their stakes in the company. Vanguard Group Inc. increased its position in shares of CA by 22.3% during the 2nd quarter. Vanguard Group Inc. now owns 32,166,860 shares of the technology company’s stock valued at $1,108,792,000 after purchasing an additional 5,855,217 shares during the last quarter. Bank of New York Mellon Corp increased its position in shares of CA by 12.0% during the 3rd quarter. Bank of New York Mellon Corp now owns 30,244,351 shares of the technology company’s stock valued at $1,009,556,000 after purchasing an additional 3,240,645 shares during the last quarter. Assenagon Asset Management S.A. bought a new position in shares of CA during the 3rd quarter valued at approximately $22,192,000. First Trust Advisors LP increased its position in shares of CA by 15.7% during the 2nd quarter. First Trust Advisors LP now owns 4,441,835 shares of the technology company’s stock valued at $153,110,000 after purchasing an additional 604,026 shares during the last quarter. Finally, Pictet Asset Management Ltd. increased its position in shares of CA by 182.0% during the 3rd quarter. Pictet Asset Management Ltd. now owns 909,370 shares of the technology company’s stock valued at $30,355,000 after purchasing an additional 586,900 shares during the last quarter. 68.53% of the stock is currently owned by institutional investors and hedge funds.

In related news, insider Michael P. Gregoire sold 71,235 shares of the company’s stock in a transaction on Monday, September 11th. The stock was sold at an average price of $33.38, for a total transaction of $2,377,824.30. Following the completion of the sale, the insider now directly owns 285,652 shares in the company, valued at approximately $9,535,063.76. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Jacob Lamm sold 16,349 shares of the company’s stock in a transaction on Monday, September 11th. The stock was sold at an average price of $33.45, for a total value of $546,874.05. Following the sale, the executive vice president now owns 45,483 shares of the company’s stock, valued at $1,521,406.35. The disclosure for this sale can be found here. Insiders sold a total of 112,664 shares of company stock valued at $3,742,058 over the last quarter. Company insiders own 0.90% of the company’s stock.

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CA has been the topic of several analyst reports. Zacks Investment Research downgraded CA from a “buy” rating to a “hold” rating in a research report on Monday, July 17th. Mizuho reissued a “hold” rating and set a $34.00 target price on shares of CA in a research report on Friday, July 28th. Acadian Timber Corp downgraded CA from an “outperform” rating to a “sector perform” rating and cut their target price for the company from $19.25 to $18.50 in a research report on Monday, July 31st. BidaskClub downgraded CA from a “sell” rating to a “strong sell” rating in a research report on Wednesday, August 2nd. Finally, Barclays PLC reaffirmed an “equal weight” rating and issued a $36.00 price objective (up previously from $35.00) on shares of CA in a research report on Thursday, August 3rd. Four equities research analysts have rated the stock with a sell rating, eleven have issued a hold rating and six have assigned a buy rating to the company’s stock. The company has an average rating of “Hold” and an average price target of $33.67.

Shares of CA Inc. (CA) traded down $0.13 during mid-day trading on Tuesday, hitting $32.32. The company’s stock had a trading volume of 1,437,900 shares, compared to its average volume of 2,588,865. CA Inc. has a twelve month low of $30.01 and a twelve month high of $36.54. The stock has a market cap of $13,581.73, a PE ratio of 14.89, a price-to-earnings-growth ratio of 4.33 and a beta of 0.74. The company has a quick ratio of 1.24, a current ratio of 1.24 and a debt-to-equity ratio of 0.42.

CA (NASDAQ:CA) last issued its earnings results on Wednesday, October 25th. The technology company reported $0.62 earnings per share for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.62. CA had a return on equity of 15.74% and a net margin of 17.83%. The business had revenue of $1.03 billion during the quarter, compared to analysts’ expectations of $1.05 billion. During the same period in the prior year, the business earned $0.67 EPS. The business’s revenue for the quarter was up 1.6% compared to the same quarter last year. analysts forecast that CA Inc. will post 2.25 EPS for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Tuesday, December 12th. Shareholders of record on Thursday, November 30th will be issued a $0.255 dividend. This represents a $1.02 annualized dividend and a dividend yield of 3.16%. The ex-dividend date is Wednesday, November 29th. CA’s dividend payout ratio is 58.62%.

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.

Institutional Ownership by Quarter for CA (NASDAQ:CA)

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