The CA, Inc. (CA) Stake Raised by Morgan Stanley

The CA, Inc. (CA) Stake Raised by Morgan Stanley

Morgan Stanley raised its position in CA, Inc. (NYSE:CA) by 71.2% during the third quarter, Holdings Channel reports. The firm owned 1,965,995 shares of the company’s stock after buying an additional 817,633 shares during the period. Morgan Stanley’s holdings in CA were worth $65,036,000 as of its most recent filing with the SEC.

Other hedge funds have also bought and sold shares of the company. Bank of New York Mellon Corp increased its stake 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 worth $853,342,000 after buying an additional 2,866,538 shares during the last quarter. Kleinwort Benson Investors Dublin Ltd bought a new stake in CA during the second quarter worth $58,696,000. APG Asset Management N.V. increased its stake in CA by 134.9% in the third quarter. APG Asset Management N.V. now owns 1,576,043 shares of the company’s stock worth $52,136,000 after buying an additional 905,156 shares during the last quarter. Pictet Asset Management Ltd. increased its stake in CA by 97.4% in the second quarter. Pictet Asset Management Ltd. now owns 1,220,670 shares of the company’s stock worth $39,452,000 after buying an additional 602,300 shares during the last quarter. Finally, Northern Trust Corp increased its stake in CA by 9.7% in the third quarter. Northern Trust Corp now owns 6,665,483 shares of the company’s stock worth $220,494,000 after buying an additional 589,147 shares during the last quarter.

Shares of CA, Inc. (NYSE:CA) opened at 32.55 on Friday. The firm has a 50-day moving average price of $32.30 and a 200-day moving average price of $32.83. CA, Inc. has a 1-year low of $26.15 and a 1-year high of $34.99. The company has a market capitalization of $13.60 billion and a PE ratio of 16.97.

CA (NYSE:CA) last posted its earnings results on Thursday, October 27th. The company reported $0.67 earnings per share for the quarter, topping 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 firm posted $0.56 earnings per share. The firm’s revenue for the quarter was up 1.3% compared to the same quarter last year. Equities analysts anticipate that CA, Inc. will post $2.51 earnings per share for the current year.

A number of research firms have recently weighed in on CA. Zacks Investment Research raised shares of CA from a “hold” rating to a “buy” rating and set a $36.00 price target for the company in a research report on Tuesday, December 27th. JPMorgan Chase & Co. reissued a “hold” rating and set a $35.00 price target on shares of CA in a research report on Thursday, November 17th. Hovde Group raised shares of CA from a “market perform” rating to an “outperform” rating and raised their price target for the stock from $24.75 to $26.00 in a research report on Saturday, October 8th. Keefe, Bruyette & Woods raised shares of CA from a “market perform” rating to an “outperform” rating and raised their price target for the stock from $25.00 to $32.00 in a research report on Wednesday, November 30th. Finally, Raymond James Financial Inc. reissued a “market perform” rating on shares of CA in a research report on Monday, December 19th. Two investment analysts have rated the stock with a sell rating, six have given a hold rating and four have issued a buy rating to the stock. CA currently has an average rating of “Hold” and an average price target of $34.50.

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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