Skybridge Capital Ii buys $14,229,566 stake in CA (CA)

CA (CA) : Skybridge Capital Ii scooped up 124,208 additional shares in CA during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Aug 9, 2016. The investment management firm now holds a total of 420,123 shares of CA which is valued at $14,229,566.CA makes up approximately 3.52% of Skybridge Capital Ii’s portfolio.

Other Hedge Funds, Including , Penserra Capital Management boosted its stake in CA in the latest quarter, The investment management firm added 624 additional shares and now holds a total of 1,872 shares of CA which is valued at $64,303. CA makes up approx 0.01% of Penserra Capital Management’s portfolio.Loudon Investment Management boosted its stake in CA in the latest quarter, The investment management firm added 755 additional shares and now holds a total of 10,107 shares of CA which is valued at $344,143. CA makes up approx 0.26% of Loudon Investment Management’s portfolio. First Citizens Bank Trust Co added CA to its portfolio by purchasing 137,949 company shares during the most recent quarter which is valued at $4,779,933. CA makes up approx 0.41% of First Citizens Bank Trust Co’s portfolio.Hartford Financial Management reduced its stake in CA by selling 1,375 shares or 13.51% in the most recent quarter. The Hedge Fund company now holds 8,800 shares of CA which is valued at $300,696. CA makes up approx 0.18% of Hartford Financial Management’s portfolio.

CA closed down -0.23 points or -0.67% at $33.93 with 24,83,699 shares getting traded on Wednesday. Post opening the session at $34.12, the shares hit an intraday low of $33.72 and an intraday high of $34.12 and the price fluctuated in this range throughout the day.Shares ended Wednesday session in Red.

On the company’s financial health, CA reported $0.64 EPS for the quarter, beating the analyst consensus estimate by $ 0.03 according to the earnings call on Jul 27, 2016. Analyst had a consensus of $0.61. The company had revenue of $999.00 million for the quarter, compared to analysts expectations of $982.31 million. The company’s revenue was up 2.3% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.64 EPS.

Investors should note that on Aug 3, 2016, CA announced a cash dividend of $0.2550. The company’s management has announced Aug 23, 2016 as the ex-dividend date and fixed the record date on Aug 25, 2016. The payable date has been fixed on Sep 13, 2016.

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.

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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