Pensionfund Sabic Lowers stake in CA (CA)

CA (CA) : Pensionfund Sabic reduced its stake in CA by 7.5% during the most recent quarter end. The investment management company now holds a total of 48,100 shares of CA which is valued at $1.4 Million after selling 3,900 shares in CA according to a report filed by the company on Apr 4, 2016 with the SEC.CA makes up approximately 0.44% of Pensionfund Sabic’s portfolio.

Other Hedge Funds, Including , Pensionfund Dsm Netherlands reduced its stake in CA by selling 8,000 shares or 7.27% in the most recent quarter. The Hedge Fund company now holds 102,000 shares of CA which is valued at $3.1 Million. CA makes up approx 0.42% of Pensionfund Dsm Netherlands’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 opened for trading at $30.1 and hit $30.46 on the upside on Monday, eventually ending the session at $30.08, with a gain of 0.13% or 0.04 points. The heightened volatility saw the trading volume jump to 30,40,073 shares. Company has a market cap of $12,536 M.

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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