CA Inc. (NASDAQ:CA) Stake Lowered by North Star Asset Management Inc.

North Star Asset Management Inc. lessened its holdings in CA Inc. (NASDAQ:CA) by 1.8% during the 2nd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 342,301 shares of the technology company’s stock after selling 6,175 shares during the period. CA makes up about 1.2% of North Star Asset Management Inc.’s investment portfolio, making the stock its 23rd largest position. North Star Asset Management Inc. owned about 0.08% of CA worth $11,799,000 at the end of the most recent quarter.

A number of other hedge funds have also recently bought and sold shares of the business. Sii Investments Inc. WI boosted its stake in shares of CA by 1.7% during the second quarter. Sii Investments Inc. WI now owns 8,039 shares of the technology company’s stock valued at $278,000 after purchasing an additional 131 shares during the period. Teachers Advisors LLC increased its holdings in shares of CA by 2.4% during the second quarter. Teachers Advisors LLC now owns 1,326,972 shares of the technology company’s stock valued at $45,741,000 after acquiring an additional 31,368 shares in the last quarter. Bank of New York Mellon Corp increased its holdings in shares of CA by 11.1% during the second quarter. Bank of New York Mellon Corp now owns 27,003,706 shares of the technology company’s stock valued at $930,816,000 after acquiring an additional 2,691,791 shares in the last quarter. Northwestern Mutual Wealth Management Co. increased 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 acquiring an additional 654 shares in the last quarter. Finally, California State Teachers Retirement System increased its holdings in shares of CA by 2.1% during the second quarter. California State Teachers Retirement System now owns 610,877 shares of the technology company’s stock valued at $21,057,000 after acquiring an additional 12,408 shares in the last quarter. Institutional investors and hedge funds own 67.49% of the company’s stock.

In other CA news, insider Adam Elster sold 166,621 shares of the firm’s stock in a transaction dated Monday, August 7th. The stock was sold at an average price of $32.26, for a total transaction of $5,375,193.46. Following the transaction, the insider now directly owns 251,356 shares in the company, valued at $8,108,744.56. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, insider Michael P. Gregoire sold 71,235 shares of the firm’s stock in a transaction dated Monday, September 11th. The shares were sold at an average price of $33.38, for a total value of $2,377,824.30. Following the transaction, the insider now owns 285,652 shares in the company, valued at $9,535,063.76. The disclosure for this sale can be found here. In the last three months, insiders have sold 286,056 shares of company stock valued at $9,330,507. Insiders own 0.90% of the company’s stock.

Shares of CA Inc. (NASDAQ:CA) traded up 0.630% on Monday, reaching $34.315. The company’s stock had a trading volume of 527,621 shares. The stock has a market capitalization of $14.46 billion, a P/E ratio of 19.064 and a beta of 0.83. The company has a 50 day moving average of $33.38 and a 200 day moving average of $32.83. CA Inc. has a 1-year low of $30.01 and a 1-year high of $36.54.

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

TRADEMARK VIOLATION NOTICE: This news story was originally reported by The Ledger Gazette and is owned by of The Ledger Gazette. If you are reading this news story on another website, it was stolen and reposted in violation of international copyright laws. The correct version of this news story can be read at https://ledgergazette.com/2017/10/23/north-star-asset-management-inc-sells-6175-shares-of-ca-inc-ca.html.

Several brokerages recently weighed in on CA. Sanford C. Bernstein reiterated an “underperform” rating and issued a $28.00 price target on shares of CA in a report on Wednesday, June 28th. Citigroup Inc. increased their price target on shares of CA from $34.00 to $36.00 and gave the stock a “neutral” rating in a report on Wednesday, June 28th. Zacks Investment R

A number of other hedge funds have also recently bought and sold shares of the business. Sii Investments Inc. WI boosted its stake in shares of CA by 1.7% during the second quarter. Sii Investments Inc. WI now owns 8,039 shares of the technology company’s stock valued at $278,000 after purchasing an additional 131 shares during the period. Teachers Advisors LLC increased its holdings in shares of CA by 2.4% during the second quarter. Teachers Advisors LLC now owns 1,326,972 shares of the technology company’s stock valued at $45,741,000 after acquiring an additional 31,368 shares in the last quarter. Bank of New York Mellon Corp increased its holdings in shares of CA by 11.1% during the second quarter. Bank of New York Mellon Corp now owns 27,003,706 shares of the technology company’s stock valued at $930,816,000 after acquiring an additional 2,691,791 shares in the last quarter. Northwestern Mutual Wealth Management Co. increased 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 acquiring an additional 654 shares in the last quarter. Finally, California State Teachers Retirement System increased its holdings in shares of CA by 2.1% during the second quarter. California State Teachers Retirement System now owns 610,877 shares of the technology company’s stock valued at $21,057,000 after acquiring an additional 12,408 shares in the last quarter. Institutional investors and hedge funds own 67.49% of the company’s stock.

In other CA news, insider Adam Elster sold 166,621 shares of the firm’s stock in a transaction dated Monday, August 7th. The stock was sold at an average price of $32.26, for a total transaction of $5,375,193.46. Following the transaction, the insider now directly owns 251,356 shares in the company, valued at $8,108,744.56. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, insider Michael P. Gregoire sold 71,235 shares of the firm’s stock in a transaction dated Monday, September 11th. The shares were sold at an average price of $33.38, for a total value of $2,377,824.30. Following the transaction, the insider now owns 285,652 shares in the company, valued at $9,535,063.76. The disclosure for this sale can be found here. In the last three months, insiders have sold 286,056 shares of company stock valued at $9,330,507. Insiders own 0.90% of the company’s stock.

Shares of CA Inc. (NASDAQ:CA) traded up 0.630% on Monday, reaching $34.315. The company’s stock had a trading volume of 527,621 shares. The stock has a market capitalization of $14.46 billion, a P/E ratio of 19.064 and a beta of 0.83. The company has a 50 day moving average of $33.38 and a 200 day moving average of $32.83. CA Inc. has a 1-year low of $30.01 and a 1-year high of $36.54.

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

TRADEMARK VIOLATION NOTICE: This news story was originally reported by The Ledger Gazette and is owned by of The Ledger Gazette. If you are reading this news story on another website, it was stolen and reposted in violation of international copyright laws. The correct version of this news story can be read at https://ledgergazette.com/2017/10/23/north-star-asset-management-inc-sells-6175-shares-of-ca-inc-ca.html.

Several brokerages recently weighed in on CA. Sanford C. Bernstein reiterated an “underperform” rating and issued a $28.00 price target on shares of CA in a report on Wednesday, June 28th. Citigroup Inc. increased their price target on shares of CA from $34.00 to $36.00 and gave the stock a “neutral” rating in a report on Wednesday, June 28th. Zacks Investment Research downgraded shares of CA from a “buy” rating to a “hold” rating in a report on Monday, July 17th. BidaskClub downgraded shares of CA from a “hold” rating to a “sell” rating in a report on Saturday, July 1st. Finally, ValuEngine upgraded shares of CA from a “hold” rating to a “buy” rating in a report on Monday, September 11th. Four equities research analysts have rated the stock with a sell rating, ten have given a hold rating and six have given a buy rating to the company. The stock currently has an average rating of “Hold” and a consensus price target of $34.88.

CA 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.

Institutional Ownership by Quarter for CA (NASDAQ:CA)

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