Engineers Gate Manager LP Acquires Shares of 16,825 CA, Inc. (CA)

Engineers Gate Manager LP acquired a new position in shares of CA, Inc. (NASDAQ:CA) in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund acquired 16,825 shares of the technology company’s stock, valued at approximately $562,000.

Other hedge funds also recently added to or reduced their stakes in the company. California State Teachers Retirement System boosted its position in shares of CA by 2.1% in 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 during the period. Sii Investments Inc. WI boosted its position in shares of CA by 1.7% in the second quarter. Sii Investments Inc. WI now owns 8,039 shares of the technology company’s stock valued at $278,000 after acquiring an additional 131 shares during the period. Teachers Advisors LLC boosted its position in shares of CA by 2.4% in 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 during the period. Northwestern Mutual Wealth Management Co. boosted its position in shares of CA by 26.2% in 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 during the period. Finally, The Manufacturers Life Insurance Company boosted its position in shares of CA by 1.1% in the second quarter. The Manufacturers Life Insurance Company now owns 367,111 shares of the technology company’s stock valued at $12,654,000 after acquiring an additional 4,044 shares during the period. 69.11% of the stock is owned by hedge funds and other institutional investors.

Shares of CA, Inc. (NASDAQ CA) opened at $33.71 on Friday. CA, Inc. has a 52-week low of $30.45 and a 52-week high of $36.54. The company has a debt-to-equity ratio of 0.42, a quick ratio of 1.24 and a current ratio of 1.24. The firm has a market cap of $14,110.00, a PE ratio of 15.30, a P/E/G ratio of 4.45 and a beta of 0.74.

CA (NASDAQ:CA) last posted its quarterly earnings data 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 net margin of 17.83% and a return on equity of 15.74%. The business had revenue of $1.03 billion during the quarter, compared to analysts’ expectations of $1.05 billion. During the same quarter in the prior year, the business posted $0.67 earnings per share. CA’s revenue was up 1.6% compared to the same quarter last year. analysts expect that CA, Inc. will post 2.25 EPS for the current fiscal year.

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, December 12th. Investors of record on Thursday, November 30th were given a dividend of $0.255 per share. The ex-dividend date was Wednesday, November 29th. This represents a $1.02 annualized dividend and a yield of 3.03%. CA’s dividend payout ratio is 58.96%.

CA has been the subject of a number of recent research reports. ValuEngine raised shares of CA from a “hold” rating to a “buy” rating in a research report on Monday, September 11th. Zacks Investment Research raised shares of CA from a “hold” rating to a “buy” rating and set a $37.00 target price for the company in a research report on Monday, October 30th. Barclays reduced their target price on shares of CA from $36.00 to $34.00 and set an “equal weight” rating for the company in a research report on Thursday, October 26th. BidaskClub raised shares of CA from a “sell” rating to a “hold” rating in a research report on Saturday, December 9th. Finally, Mizuho reissued a “hold” rating and issued a $34.00 target price on shares of CA in a research report on Wednesday, October 25th. Three analysts have rated the stock with a sell rating, eleven have given a hold rating and five have given a buy rating to the company. The company presently has a consensus rating of “Hold” and a consensus price target of $33.70.

In related news, EVP Lauren Patricia Flaherty sold 24,843 shares of the company’s stock in a transaction dated Wednesday, November 1st. The shares were sold at an average price of $32.59, for a total transaction of $809,633.37. Following the completion of the sale, the executive vice president now owns 82,000 shares of the company’s stock, valued at $2,672,380. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Corporate insiders own 0.90% of the company’s stock.

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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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