CA (NASDAQ:CA) Downgraded to Sell at BidaskClub

CA (NASDAQ:CA) was downgraded by investment analysts at BidaskClub from a “hold” rating to a “sell” rating in a note issued to investors on Saturday, January 6th.

Other equities research analysts have also issued research reports about the company. Mizuho reissued a “hold” rating and issued a $34.00 target price on shares of CA in a research note on Wednesday, October 25th. Zacks Investment Research lowered CA from a “buy” rating to a “hold” rating in a research note on Tuesday, October 31st. KeyCorp restated a “sector weight” rating on shares of CA in a report on Sunday, September 17th. Barclays reduced their price target on CA from $36.00 to $34.00 and set an “equal weight” rating on the stock in a report on Thursday, October 26th. Finally, ValuEngine upgraded CA from a “hold” rating to a “buy” rating in a report on Monday, September 11th. Two research analysts have rated the stock with a sell rating, eleven have given a hold rating and five have issued a buy rating to the company. CA currently has an average rating of “Hold” and an average price target of $33.70.

CA (NASDAQ CA) opened at $35.90 on Friday. CA has a 52-week low of $30.45 and a 52-week high of $36.54. The company has a debt-to-equity ratio of 0.42, a quick ratio of 1.24 and a current ratio of 1.24. The company has a market capitalization of $15,360.00, a PE ratio of 20.75, a P/E/G ratio of 4.68 and a beta of 0.74.

In related news, EVP Lauren Patricia Flaherty sold 24,843 shares of the company’s stock in a transaction that occurred on Wednesday, November 1st. The stock was sold at an average price of $32.59, for a total value of $809,633.37. Following the transaction, the executive vice president now directly owns 82,000 shares of the company’s stock, valued at approximately $2,672,380. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 0.90% of the company’s stock.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Fieldpoint Private Securities LLC bought a new position in shares of CA during the 3rd quarter valued at $101,000. Northwestern Mutual Wealth Management Co. lifted its holdings in shares of CA by 26.2% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 3,148 shares of the technology company’s stock valued at $108,000 after buying an additional 654 shares during the period. D.A. Davidson & CO. raised its holdings in CA by 4.2% in the 2nd quarter. D.A. Davidson & CO. now owns 4,227 shares of the technology company’s stock worth $145,000 after purchasing an additional 169 shares during the period. Ladenburg Thalmann Financial Services Inc. raised its holdings in CA by 56.3% in the 3rd quarter. Ladenburg Thalmann Financial Services Inc. now owns 6,270 shares of the technology company’s stock worth $210,000 after purchasing an additional 2,259 shares during the period. Finally, Sun Life Financial INC raised its holdings in CA by 3,772.8% in the 2nd quarter. Sun Life Financial INC now owns 6,700 shares of the technology company’s stock worth $231,000 after purchasing an additional 6,527 shares during the period. 68.77% of the stock is currently owned by hedge funds and other institutional investors.

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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.

Analyst Recommendations for CA (NASDAQ:CA)

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