The CA, Inc. (CA) Stake Cut by Sumitomo Mitsui Trust Holdings Inc.

The CA, Inc. (CA) Stake Cut by Sumitomo Mitsui Trust Holdings Inc.

Sumitomo Mitsui Trust Holdings Inc. cut its stake in CA, Inc. (NYSE:CA) by 0.5% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 913,326 shares of the company’s stock after selling 4,161 shares during the period. Sumitomo Mitsui Trust Holdings Inc. owned approximately 0.22% of CA worth $30,213,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the company. Bank of New York Mellon Corp increased its position in CA by 12.4% in the second quarter. Bank of New York Mellon Corp now owns 25,992,761 shares of the company’s stock valued at $853,342,000 after buying an additional 2,866,538 shares during the period. Macquarie Group Ltd. increased its position in CA by 0.4% in the second quarter. Macquarie Group Ltd. now owns 22,107,439 shares of the company’s stock valued at $725,787,000 after buying an additional 77,866 shares during the period. Vanguard Group Inc. increased its position in CA by 1.1% in the second quarter. Vanguard Group Inc. now owns 18,980,701 shares of the company’s stock valued at $623,137,000 after buying an additional 208,328 shares during the period. BlackRock Institutional Trust Company N.A. increased its position in CA by 2.2% in the second quarter. BlackRock Institutional Trust Company N.A. now owns 8,053,712 shares of the company’s stock valued at $264,403,000 after buying an additional 174,590 shares during the period. Finally, BlackRock Fund Advisors increased its position in CA by 2.4% in the second quarter. BlackRock Fund Advisors now owns 5,891,089 shares of the company’s stock valued at $193,404,000 after buying an additional 137,127 shares during the period.

Shares of CA, Inc. (NYSE:CA) opened at 32.70 on Thursday. The stock has a market capitalization of $13.66 billion and a price-to-earnings ratio of 17.05. The company has a 50-day moving average of $32.28 and a 200-day moving average of $32.83. CA, Inc. has a 52-week low of $25.60 and a 52-week high of $34.99.

CA (NYSE:CA) last announced its earnings results on Thursday, October 27th. The company reported $0.67 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.62 by $0.05. The company earned $1.02 billion during the quarter, compared to analyst estimates of $1,000 million. During the same quarter last year, the business earned $0.56 EPS. The firm’s revenue for the quarter was up 1.3% compared to the same quarter last year. Equities research analysts anticipate that CA, Inc. will post $2.52 EPS for the current year.

Several research analysts have commented on the stock. Zacks Investment Research downgraded shares of CA from a “buy” rating to a “hold” rating in a report on Tuesday, November 15th. Jefferies Group reissued a “buy” rating and set a $38.00 price objective on shares of CA in a report on Wednesday. Raymond James Financial Inc. reissued a “market perform” rating on shares of CA in a report on Monday, December 19th. Keefe, Bruyette & Woods upgraded shares of CA from a “market perform” rating to an “outperform” rating and upped their target price for the company from $25.00 to $32.00 in a research report on Wednesday, November 30th. Finally, Wells Fargo & Co. initiated coverage on shares of CA in a research report on Wednesday, January 11th. They set an “underperform” rating on the stock. Two equities research analysts have rated the stock with a sell rating, six have issued a hold rating and three have assigned a buy rating to the company’s stock. CA has an average rating of “Hold” and a consensus target price of $33.67.

CA Company Profile

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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