Curian Capital Lowers stake in CA (CA)

CA (CA) : Curian Capital reduced its stake in CA by 63.83% during the most recent quarter end. The investment management company now holds a total of 154,577 shares of CA which is valued at $5,220,065 after selling 272,753 shares in CA , the firm said in a disclosure report filed with the SEC on Jul 6, 2016.CA makes up approximately 0.37% of Curian Capital’s portfolio.

Other Hedge Funds, Including , Bnp Paribas Arbitrage Sa reduced its stake in CA by selling 63,282 shares or 40.25% in the most recent quarter. The Hedge Fund company now holds 93,947 shares of CA which is valued at $3,172,590. CA makes up approx 0.01% of Bnp Paribas Arbitrage Sa’s portfolio.Integrated Investment Consultants boosted its stake in CA in the latest quarter, The investment management firm added 370 additional shares and now holds a total of 3,840 shares of CA which is valued at $126,067. CA makes up approx 0.07% of Integrated Investment Consultants’s portfolio.

CA opened for trading at $33.8 and hit $34.13 on the upside on Monday, eventually ending the session at $34.03, with a gain of 0.77% or 0.26 points. The heightened volatility saw the trading volume jump to 18,47,046 shares. Company has a market cap of $14,183 M.

On the company’s financial health, CA reported $0.60 EPS for the quarter, beating the analyst consensus estimate by $ 0.02 according to the earnings call on May 11, 2016. Analyst had a consensus of $0.58. The company had revenue of $1009.00 million for the quarter, compared to analysts expectations of $989.55 million. The company’s revenue was down -1.4 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $0.56 EPS.

Many Wall Street Analysts have commented on CA. Company shares were Upgraded by Credit Suisse on Apr 21, 2016 to ” Neutral”, Firm has raised the Price Target to $ 33 from a previous price target of $22.50 .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 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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