Denali Advisors buys $18,436,692 stake in CA (CA)

CA (CA) : Denali Advisors scooped up 98,100 additional shares in CA during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Jul 14, 2016. The investment management firm now holds a total of 539,400 shares of CA which is valued at $18,436,692.CA makes up approximately 3.09% of Denali Advisors’s portfolio.

Other Hedge Funds, Including , Eqis Capital Management sold out all of its stake in CA during the most recent quarter. The investment firm sold 7,866 shares of CA which is valued $268,860.Breton Hill Capital Ltd. boosted its stake in CA in the latest quarter, The investment management firm added 9,173 additional shares and now holds a total of 26,594 shares of CA which is valued at $913,238. CA makes up approx 0.28% of Breton Hill Capital Ltd.’s portfolio.Chevy Chase Trust Holdings boosted its stake in CA in the latest quarter, The investment management firm added 3,052 additional shares and now holds a total of 254,599 shares of CA which is valued at $8,597,808. CA makes up approx 0.05% of Chevy Chase Trust Holdings’s portfolio.Dnb Asset Management As reduced its stake in CA by selling 1,000 shares or 3.45% in the most recent quarter. The Hedge Fund company now holds 27,994 shares of CA which is valued at $945,357. CA makes up approx 0.02% of Dnb Asset Management As’s portfolio.

CA opened for trading at $34.1 and hit $34.31 on the upside on Monday, eventually ending the session at $34.18, with a gain of 0.03% or 0.01 points. The heightened volatility saw the trading volume jump to 24,42,836 shares. Company has a market cap of $14,245 M.

On the company’s financial health, CA reported $0.60 EPS for the quarter, beating the analyst consensus estimate by $ 0.02 according to the earnings call on May 11, 2016. Analyst had a consensus of $0.58. The company had revenue of $1009.00 million for the quarter, compared to analysts expectations of $989.55 million. The company’s revenue was down -1.4 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $0.56 EPS.

Many Wall Street Analysts have commented on CA. Company shares were Downgraded by Barclays on Jul 15, 2016 to ” Equal Weight”, Firm has raised the Price Target to $ 35 from a previous price target of $33 .Mizuho Downgraded CA on Jul 14, 2016 to ” Neutral”, Price Target of the shares are set at $34.Company shares were Upgraded by Credit Suisse on Apr 21, 2016 to ” Neutral”, Firm has raised the Price Target to $ 33 from a previous price target of $22.50 .

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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