TD Asset Management Inc. Cuts Position in CA Inc. (CA)

TD Asset Management Inc. cut its position in shares of CA Inc. (NASDAQ:CA) by 3.1% during the second quarter, according to its most recent disclosure with the SEC. The fund owned 351,274 shares of the technology company’s stock after selling 11,423 shares during the period. TD Asset Management Inc. owned 0.08% of CA worth $12,108,000 as of its most recent SEC filing.

Other large investors have also recently made changes to their positions in the company. Chevy Chase Trust Holdings Inc. boosted its position in shares of CA by 2.5% in the first quarter. Chevy Chase Trust Holdings Inc. now owns 270,238 shares of the technology company’s stock valued at $8,572,000 after buying an additional 6,483 shares during the last quarter. Creative Planning boosted its position in shares of CA by 43.9% in the first quarter. Creative Planning now owns 5,989 shares of the technology company’s stock valued at $190,000 after buying an additional 1,828 shares during the last quarter. National Pension Service boosted its position in shares of CA by 5.3% in the first quarter. National Pension Service now owns 330,824 shares of the technology company’s stock valued at $10,514,000 after buying an additional 16,605 shares during the last quarter. Bank of Montreal Can boosted its position in shares of CA by 6.8% in the first quarter. Bank of Montreal Can now owns 477,691 shares of the technology company’s stock valued at $15,154,000 after buying an additional 30,327 shares during the last quarter. Finally, Alpha Windward LLC boosted its position in shares of CA by 0.7% in the first quarter. Alpha Windward LLC now owns 9,280 shares of the technology company’s stock valued at $294,000 after buying an additional 61 shares during the last quarter. 71.09% of the stock is owned by hedge funds and other institutional investors.

Shares of CA Inc. (NASDAQ CA) opened at 31.99 on Monday. CA Inc. has a one year low of $30.01 and a one year high of $36.54. The company has a market capitalization of $13.48 billion, a price-to-earnings ratio of 17.77 and a beta of 0.86. The company’s 50-day moving average price is $33.53 and its 200-day moving average price is $32.42.

CA (NASDAQ:CA) last released its quarterly earnings results on Wednesday, August 2nd. The technology company reported $0.61 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.55 by $0.06. The firm had revenue of $1.03 billion for the quarter, compared to the consensus estimate of $1.01 billion. CA had a return on equity of 16.54% and a net margin of 18.59%. The company’s revenue for the quarter was up 2.6% on a year-over-year basis. During the same period last year, the business posted $0.64 EPS. On average, equities research analysts predict that CA Inc. will post $2.45 earnings per share for the current year.

The company also recently declared a quarterly dividend, which will be paid on Tuesday, September 12th. Stockholders of record on Thursday, August 24th will be paid a $0.255 dividend. The ex-dividend date of this dividend is Tuesday, August 22nd. This represents a $1.02 dividend on an annualized basis and a dividend yield of 3.19%. CA’s dividend payout ratio (DPR) is currently 56.67%.

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CA has been the topic of several analyst reports. Citigroup Inc. lifted their target price on CA from $34.00 to $36.00 and gave the company a “neutral” rating in a research report on Wednesday, June 28th. BidaskClub cut CA from a “hold” rating to a “sell” rating in a research report on Saturday, July 1st. Jefferies Group LLC reaffirmed a “buy” rating and set a $38.00 target price on shares of CA in a research report on Wednesday, June 21st. DA Davidson reaffirmed a “neutral” rating and set a $12.00 target price on shares of CA in a research report on Friday, May 19th. Finally, Zacks Investment Research cut CA from a “buy” rating to a “hold” rating in a research report on Monday, July 17th. Four analysts have rated the stock with a sell rating, nine have given a hold rating and five have given a buy rating to the stock. The company has an average rating of “Hold” and an average price target of $35.09.

In related news, insider Adam Elster sold 166,621 shares of the firm’s stock in a transaction on Monday, August 7th. The stock was sold at an average price of $32.26, for a total value of $5,375,193.46. Following the transaction, the insider now directly owns 251,356 shares of the company’s stock, valued at approximately $8,108,744.56. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, insider Ayman Sayed sold 30,194 shares of the firm’s stock in a transaction on Wednesday, June 21st. The stock was sold at an average price of $35.62, for a total value of $1,075,510.28. Following the completion of the transaction, the insider now directly owns 168,455 shares in the company, valued at $6,000,367.10. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 197,489 shares of company stock worth $6,472,070. Company insiders own 0.90% of the company’s stock.

About CA

CA, Inc (CA) is engaged in providing software solutions enabling customers to plan, develop, manage and secure applications and enterprise environments across distributed, cloud, mobile and mainframe platforms. The Company operates through three business segments: Mainframe Solutions, Enterprise Solutions and Services.

Institutional Ownership by Quarter for CA (NASDAQ:CA)

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