Fort buys $10,949,951 stake in CA (CA)

CA (CA) : Fort scooped up 77,689 additional shares in CA during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Aug 12, 2016. The investment management firm now holds a total of 320,174 shares of CA which is valued at $10,949,951.CA makes up approximately 4.24% of Fort’s portfolio.

Other Hedge Funds, Including , Valley National Advisers Inc reduced its stake in CA by selling 735 shares or 1.09% in the most recent quarter. The Hedge Fund company now holds 66,752 shares of CA which is valued at $2,282,918. CA makes up approx 1.15% of Valley National Advisers Inc’s portfolio.Teacher Retirement System Of Texas reduced its stake in CA by selling 194,153 shares or 55.07% in the most recent quarter. The Hedge Fund company now holds 158,417 shares of CA which is valued at $5,365,584. CA makes up approx 0.03% of Teacher Retirement System Of Texas’s portfolio.Rafferty Asset Management reduced its stake in CA by selling 7,365 shares or 29.07% in the most recent quarter. The Hedge Fund company now holds 17,970 shares of CA which is valued at $617,270. CA makes up approx 0.04% of Rafferty Asset Management’s portfolio.Royal London Asset Management Ltd reduced its stake in CA by selling 9,977 shares or 8.53% in the most recent quarter. The Hedge Fund company now holds 106,922 shares of CA which is valued at $3,595,787. CA makes up approx 0.06% of Royal London Asset Management Ltd’s portfolio.Visionary Asset Management boosted its stake in CA in the latest quarter, The investment management firm added 2,613 additional shares and now holds a total of 83,265 shares of CA which is valued at $2,845,998. CA makes up approx 0.98% of Visionary Asset Management’s portfolio.

CA opened for trading at $34.05 and hit $34.4 on the upside on Monday, eventually ending the session at $34.29, with a gain of 0.62% or 0.21 points. The heightened volatility saw the trading volume jump to 12,22,579 shares. Company has a market cap of $14,366 M.

On the company’s financial health, CA reported $0.64 EPS for the quarter, beating the analyst consensus estimate by $ 0.03 according to the earnings call on Jul 27, 2016. Analyst had a consensus of $0.61. The company had revenue of $999.00 million for the quarter, compared to analysts expectations of $982.31 million. The company’s revenue was up 2.3% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.64 EPS.

Many Wall Street Analysts have commented on CA. Company shares were Downgraded by Barclays on Jul 15, 2016 to ” Equal Weight”, Firm has raised the Price Target to $ 35 from a previous price target of $33 .Mizuho Downgraded CA on Jul 14, 2016 to ” Neutral”, Price Target of the shares are set at $34.

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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