CA Technologies (NASDAQ:CA) EVP Paul L. Pronsati sold 7,196 shares of the firm’s stock in a transaction on Monday, May 14th. The shares were sold at an average price of $35.28, for a total value of $253,874.88. Following the completion of the transaction, the executive vice president now owns 34,528 shares of the company’s stock, valued at approximately $1,218,147.84. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.
CA Technologies opened at $35.28 on Wednesday, MarketBeat.com reports. The stock has a market cap of $14.62 billion, a P/E ratio of 15.21, a P/E/G ratio of 4.12 and a beta of 0.69. CA Technologies has a 52 week low of $34.72 and a 52 week high of $35.33. The company has a debt-to-equity ratio of 0.43, a current ratio of 1.33 and a quick ratio of 1.33.
CA Technologies (NASDAQ:CA) last posted its quarterly earnings data on Tuesday, May 8th. The technology company reported $0.62 EPS for the quarter, topping analysts’ consensus estimates of $0.59 by $0.03. The firm had revenue of $1.08 billion during the quarter, compared to analysts’ expectations of $1.08 billion. CA Technologies had a return on equity of 16.89% and a net margin of 11.24%. The firm’s quarterly revenue was up 7.0% compared to the same quarter last year. During the same quarter last year, the business posted $0.54 EPS. sell-side analysts forecast that CA Technologies will post 2.56 earnings per share for the current year.
A number of institutional investors have recently bought and sold shares of CA. Atria Investments LLC acquired a new stake in CA Technologies in the 4th quarter worth about $248,000. Bank of Montreal Can boosted its stake in CA Technologies by 0.8% in the 4th quarter. Bank of Montreal Can now owns 429,714 shares of the technology company’s stock worth $14,302,000 after buying an additional 3,370 shares during the last quarter. CrestPoint Capital Management LLC acquired a new stake in CA Technologies in the 4th quarter worth about $463,000. Schwab Charles Investment Management Inc. boosted its stake in CA Technologies by 8.3% in the 4th quarter. Schwab Charles Investment Management Inc. now owns 1,748,688 shares of the technology company’s stock worth $58,197,000 after buying an additional 133,741 shares during the last quarter. Finally, Livforsakringsbolaget Skandia Omsesidigt boosted its stake in CA Technologies by 221.6% in the 4th quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 126,838 shares of the technology company’s stock worth $4,221,000 after buying an additional 87,400 shares during the last quarter. Hedge funds and other institutional investors own 69.47% of the company’s stock.
A number of brokerages have recently weighed in on CA. Oppenheimer restated a “hold” rating on shares of CA Technologies in a research report on Wednesday, January 31st. Argus restated a “buy” rating and issued a $33.70 price target (down previously from $40.00) on shares of CA Technologies in a research report on Wednesday, February 7th. Zacks Investment Research cut CA Technologies from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, April 3rd. ValuEngine cut CA Technologies from a “buy” rating to a “hold” rating in a research report on Wednesday, May 2nd. Finally, BidaskClub upgraded CA Technologies from a “hold” rating to a “buy” rating in a research report on Wednesday, February 21st. Three equities research analysts have rated the stock with a sell rating, eleven have given a hold rating and two have assigned a buy rating to the company’s stock. The company has an average rating of “Hold” and an average target price of $32.02.
CA Technologies Company Profile
CA, Inc provides software and solutions that help organizations to plan, develop, manage, and secure applications and enterprise environments in the United States and internationally. The company operates through three segments: Enterprise Solutions, Mainframe Solutions, and Services. The Mainframe Solutions segment offers DevOps solutions and tools for development, testing, and deployment that support collaboration across the software development lifecycle and mobile to mainframe teams; operations intelligence and automation solutions; and security and compliance solutions.
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