Fort Pitt Capital Group Lowers stake in CA (CA)

CA (CA) : Fort Pitt Capital Group reduced its stake in CA by 0.23% during the most recent quarter end. The investment management company now holds a total of 929,844 shares of CA which is valued at $29,132,013 after selling 2,099 shares in CA , the firm said in a disclosure report filed with the SEC on Nov 14, 2016.CA makes up approximately 3.28% of Fort Pitt Capital Group’s portfolio.

Other Hedge Funds, Including , Panagora Asset Management Inc boosted its stake in CA in the latest quarter, The investment management firm added 31,917 additional shares and now holds a total of 57,899 shares of CA which is valued at $1,856,821. CA makes up approx 0.01% of Panagora Asset Management Inc’s portfolio.Aspen Investment Management Inc boosted its stake in CA in the latest quarter, The investment management firm added 950 additional shares and now holds a total of 13,370 shares of CA which is valued at $421,289. CA makes up approx 0.34% of Aspen Investment Management Inc’s portfolio.Sg Americas Securities boosted its stake in CA in the latest quarter, The investment management firm added 22,657 additional shares and now holds a total of 117,481 shares of CA which is valued at $3,701,826. CA makes up approx 0.05% of Sg Americas Securities’s portfolio.Daiwa Securities Group boosted its stake in CA in the latest quarter, The investment management firm added 1,998 additional shares and now holds a total of 9,703 shares of CA which is valued at $297,688.Capital Investment Advisors boosted its stake in CA in the latest quarter, The investment management firm added 28,312 additional shares and now holds a total of 75,525 shares of CA which is valued at $2,426,618. CA makes up approx 0.22% of Capital Investment Advisors’s portfolio.

CA closed down -0.47 points or -1.49% at $31.01 with 24,79,628 shares getting traded on Monday. Post opening the session at $31.4, the shares hit an intraday low of $30.8446 and an intraday high of $31.46 and the price fluctuated in this range throughout the day.Shares ended Monday session in Red.

On the company’s financial health, CA reported $0.67 EPS for the quarter, beating the analyst consensus estimate by $ 0.05 according to the earnings call on Oct 27, 2016. Analyst had a consensus of $0.62. The company had revenue of $1018.00 million for the quarter, compared to analysts expectations of $1006.42 million. The company’s revenue was up 1.3% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.56 EPS.

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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