CA (CA) : Trimtabs Asset Management reduced its stake in CA by 10.41% during the most recent quarter end. The investment management company now holds a total of 49,110 shares of CA which is valued at $1,651,569 after selling 5,706 shares in CA , the firm said in a disclosure report filed with the SEC on Aug 1, 2016.CA makes up approximately 1.03% of Trimtabs Asset Management’s portfolio.
Other Hedge Funds, Including , Cwm boosted its stake in CA in the latest quarter, The investment management firm added 98,621 additional shares and now holds a total of 480,798 shares of CA which is valued at $16,539,451. CA makes up approx 1.16% of Cwm’s portfolio. First Quadrant L Pca added CA to its portfolio by purchasing 329,200 company shares during the most recent quarter which is valued at $11,281,684. CA makes up approx 0.24% of First Quadrant L Pca’s portfolio.
CA opened for trading at $33.73 and hit $33.93 on the upside on Thursday, eventually ending the session at $33.74, with a gain of 0.33% or 0.11 points. The heightened volatility saw the trading volume jump to 25,45,361 shares. Company has a market cap of $14,135 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.