CA (CA): Price Target and June Short Interest Disclosure

CA (CA) : 6 investment research analysts covering CA (CA) have an average price target of $31 for the near short term. The highest target price given by the Brokerage Firm to the stock is $36 and the lowest target is $24 for the short term. Analysts expect the variance to be within $4.38 of the average price.

CA (CA), A increase of 394,617 shares or 3% was observed in the short interest of CA Inc. The interest on June 30,2016 came in at 13,439,732 shares and as per the average daily trading of 2,422,617 shares, the days to cover are 6. The increased interest is 4.3% of the floated shares. The data of June 15,2016 put the interest at 13,045,115 shares. The information was released by Financial Industry Regulatory Authority, Inc (FINRA) on June 12th.

Also, Equity Analysts at the Brokerage Firm, Citigroup, maintains their rating on the shares of CA (NASDAQ:CA). Citigroup has a Neutral rating on the shares. As per the latest research report, the brokerage house raises the price target to $32 per share from a prior target of $28. The rating by the firm was issued on May 12, 2016.


CA (NASDAQ:CA): On Thursdays trading session , Opening price of the stock was $34.07 with an intraday high of $34.355. The bears continued to sell at higher levels and eventually sold the stock down to an intraday low of $34.03. However, the stock managed to close at $34.23, a loss of 0.32% for the day. On the previous day, the stock had closed at $34.34. The total traded volume of the day was 2,661,711 shares.

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 Companys 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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