Envestnet Asset Management Inc. Reduces Stake in CA, Inc. (CA)

Envestnet Asset Management Inc. lowered its stake in shares of CA, Inc. (NASDAQ:CA) by 40.1% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 114,675 shares of the technology company’s stock after selling 76,917 shares during the period. Envestnet Asset Management Inc.’s holdings in CA were worth $3,827,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. California State Teachers Retirement System grew its position in CA by 2.1% in the 2nd quarter. California State Teachers Retirement System now owns 610,877 shares of the technology company’s stock worth $21,057,000 after purchasing an additional 12,408 shares in the last quarter. Sii Investments Inc. WI grew its position in shares of CA by 1.7% during the 2nd quarter. Sii Investments Inc. WI now owns 8,039 shares of the technology company’s stock valued at $278,000 after acquiring an additional 131 shares during the period. Teachers Advisors LLC grew its position in shares of CA by 2.4% during the 2nd quarter. Teachers Advisors LLC now owns 1,326,972 shares of the technology company’s stock valued at $45,741,000 after acquiring an additional 31,368 shares during the period. Bank of New York Mellon Corp lifted its stake in shares of CA by 11.1% during the 2nd quarter. Bank of New York Mellon Corp now owns 27,003,706 shares of the technology company’s stock valued at $930,816,000 after buying an additional 2,691,791 shares in the last quarter. Finally, Northwestern Mutual Wealth Management Co. lifted its stake in shares of CA by 26.2% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 3,148 shares of the technology company’s stock valued at $108,000 after buying an additional 654 shares in the last quarter. Hedge funds and other institutional investors own 69.11% of the company’s stock.

Shares of CA, Inc. (CA) opened at $33.33 on Tuesday. CA, Inc. has a twelve month low of $30.45 and a twelve month high of $36.54. The company has a debt-to-equity ratio of 0.42, a current ratio of 1.24 and a quick ratio of 1.24. The stock has a market cap of $14,012.83, a price-to-earnings ratio of 15.36, a price-to-earnings-growth ratio of 4.46 and a beta of 0.74.

CA (NASDAQ:CA) last posted its earnings results on Wednesday, October 25th. The technology company reported $0.62 EPS for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.62. CA had a net margin of 17.83% and a return on equity of 15.74%. The firm had revenue of $1.03 billion during the quarter, compared to analysts’ expectations of $1.05 billion. During the same period last year, the company posted $0.67 EPS. The company’s quarterly revenue was up 1.6% compared to the same quarter last year. equities analysts expect that CA, Inc. will post 2.25 earnings per share for the current year.

The business also recently announced a quarterly dividend, which will be paid on Tuesday, December 12th. Stockholders of record on Thursday, November 30th will be given a $0.255 dividend. The ex-dividend date is Wednesday, November 29th. This represents a $1.02 annualized dividend and a dividend yield of 3.06%. CA’s dividend payout ratio is 58.62%.

Several research firms have issued reports on CA. BidaskClub upgraded shares of CA from a “strong sell” rating to a “sell” rating in a research note on Saturday, December 2nd. Zacks Investment Research cut shares of CA from a “buy” rating to a “hold” rating in a research note on Tuesday, October 31st. Barclays decreased their price target on shares of CA from $36.00 to $34.00 and set an “equal weight” rating on the stock in a report on Thursday, October 26th. ValuEngine raised shares of CA from a “hold” rating to a “buy” rating in a report on Monday, September 11th. Finally, Mizuho reissued a “hold” rating and issued a $34.00 price target on shares of CA in a report on Wednesday, October 25th. Three equities research analysts have rated the stock with a sell rating, eleven have assigned a hold rating and five have assigned a buy rating to the company. CA currently has an average rating of “Hold” and a consensus price target of $33.70.

In related news, EVP Lauren Patricia Flaherty sold 24,843 shares of CA stock in a transaction dated Wednesday, November 1st. The shares were sold at an average price of $32.59, for a total transaction of $809,633.37. Following the completion of the transaction, the executive vice president now directly owns 82,000 shares of the company’s stock, valued at approximately $2,672,380. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Company insiders own 0.90% of the company’s stock.

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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.

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Institutional Ownership by Quarter for CA (NASDAQ:CA)

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