Denali Advisors Lowers stake in CA (CA)

CA (CA) : Denali Advisors reduced its stake in CA by 4.5% during the most recent quarter end. The investment management company now holds a total of 441,300 shares of CA which is valued at $13,300,782 after selling 20,800 shares in CA , the firm said in a disclosure report filed with the SEC on Apr 11, 2016.CA makes up approximately 2.97% of Denali Advisors’s portfolio.

CA opened for trading at $30.05 and hit $30.28 on the upside on Friday, eventually ending the session at $30.14, with a gain of 0.30% or 0.09 points. The heightened volatility saw the trading volume jump to 24,65,975 shares. Company has a market cap of $12,561 M.

Other Hedge Funds, Including , Capstone Asset Management Co reduced its stake in CA by selling 119,497 shares or 82.17% in the most recent quarter. The Hedge Fund company now holds 25,926 shares of CA which is valued at $781,410. CA makes up approx 0.02% of Capstone Asset Management Co’s portfolio.Creative Planning boosted its stake in CA in the latest quarter, The investment management firm added 785 additional shares and now holds a total of 4,466 shares of CA which is valued at $134,337.Partnerre Asset Management Corp reduced its stake in CA by selling 100 shares or 4.76% in the most recent quarter. The Hedge Fund company now holds 2,000 shares of CA which is valued at $60,160. CA makes up approx 0.03% of Partnerre Asset Management Corp’s portfolio. Catawba Capital Management Va added CA to its portfolio by purchasing 6,650 company shares during the most recent quarter which is valued at $200,032. CA makes up approx 0.05% of Catawba Capital Management Va’s portfolio.Pensionfund Sabic reduced its stake in CA by selling 3,900 shares or 7.5% in the most recent quarter. The Hedge Fund company now holds 48,100 shares of CA which is valued at $1,446,848. CA makes up approx 0.44% of Pensionfund Sabic’s portfolio.

On the company’s financial health, CA reported $0.63 EPS for the quarter, beating the analyst consensus estimate by $ 0.05 according to the earnings call on Jan 26, 2016. Analyst had a consensus of $0.58. The company had revenue of $1034.00 million for the quarter, compared to analysts expectations of $1001.67 million. The company’s revenue was down -5.2 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $0.67 EPS.

Many Wall Street Analysts have commented on CA. Company shares were Reiterated by Mizuho on Apr 11, 2016 to “Buy”, Firm has raised the Price Target to $ 34 from a previous price target of $29 .CA was Downgraded by Standpoint Research to ” Hold” on Mar 9, 2016. Shares were Upgraded by Mizuho on Jan 22, 2016 to ” Buy” and Lowered the Price Target to $ 29 from a previous price target of $30 .

CA Inc. (CA Technologies) is engaged in providing information technology (IT) management software and solutions. The Company operates through three business segments: Mainframe Solutions Enterprise Solutions and Services. The Mainframe Solutions segment products allow customers and partners transform mainframe management. The Enterprise Solutions segment consists of products including DevOps which allows customers to unite application development and IT operations; Management Cloud which includes the Company’s IT Business Management (ITBM) solutions API Management solutions and Enterprise Mobility Management solutions and Security which consists of identity and access management. The Services segment consists of product implementation consulting customer education and customer training.

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