CA, Inc. Can’t Burn Your Long Portfolio. Option Traders are Bullish

 CA, Inc. Can't Burn Your Long Portfolio. Option Traders are Bullish

In today’s session CA, Inc. (CA) registered an unusually high (936) contracts volume of call trades. Someone, most probably a professional was a very active buyer of the November, 2016 call, expecting serious CA increase. With 936 contracts traded and 3814 open interest for the Nov, 16 contract, it seems this is a quite bullish bet. The option with symbol: CA161118C00034000 closed last at: $0.6 or 7.7% down. About 423,665 shares traded hands. CA, Inc. (NASDAQ:CA) has risen 11.67% since March 3, 2016 and is uptrending. It has outperformed by 3.33% the S&P500.

Analysts await CA, Inc. (NASDAQ:CA) to report earnings on October, 19. They expect $0.57 EPS, up 9.62% or $0.05 from last year’s $0.52 per share. CA’s profit will be $240.73M for 14.57 P/E if the $0.57 EPS becomes a reality. After $0.59 actual EPS reported by CA, Inc. for the previous quarter, Wall Street now forecasts -3.39% negative EPS growth.

CA, Inc. (NASDAQ:CA) Ratings Coverage

Out of 9 analysts covering CA Technologies (NASDAQ:CA), 2 rate it a “Buy”, 0 “Sell”, while 7 “Hold”. This means 22% are positive. CA Technologies has been the topic of 14 analyst reports since August 6, 2015 according to StockzIntelligence Inc. The company was maintained on Thursday, November 19 by RBC Capital Markets. The rating was maintained by Jefferies with “Buy” on Friday, September 4. The rating was downgraded by TheStreet on Friday, October 23 to “Hold”. As per Thursday, October 22, the company rating was maintained by FBR Capital. The rating was upgraded by Citigroup to “Neutral” on Monday, November 16. On Friday, January 22 the stock rating was upgraded by Mizuho to “Buy”. The firm has “Neutral” rating given on Thursday, May 12 by Citigroup. Barclays Capital downgraded it to “Equal-Weight” rating and $35 target price in Friday, July 15 report. The stock has “Buy” rating given by Standpoint Research on Wednesday, November 18. Credit Suisse upgraded CA, Inc. (NASDAQ:CA) rating on Thursday, April 21. Credit Suisse has “Neutral” rating and $33 price target.

According to Zacks Investment Research, “Computer Associates International is one of the world’s largest information technology management software companies, unifies and simplifies the management of enterprise-wide IT. The Company’s software & expertise unify & simplify complex IT environments in a secure way across the enterprise for greater business results.”

Insitutional Activity: The institutional sentiment increased to 1.46 in 2016 Q2. Its up 0.41, from 1.05 in 2016Q1. The ratio increased, as 38 funds sold all CA, Inc. shares owned while 135 reduced positions. 61 funds bought stakes while 191 increased positions. They now own 270.36 million shares or 5.05% less from 284.73 million shares in 2016Q1.
Renaissance Limited Company accumulated 1.23 million shares or 0.08% of the stock. Moreover, Mackenzie has 0% invested in CA, Inc. (NASDAQ:CA) for 19,493 shares. The Texas-based Dimensional Fund Advsr L P has invested 0.1% in CA, Inc. (NASDAQ:CA). Aviva Public Ltd accumulated 0.05% or 223,540 shares. Moreover, State Of Wisconsin Investment Board has 0.1% invested in CA, Inc. (NASDAQ:CA) for 741,624 shares. Cibc Ww Mkts, a Ontario – Canada-based fund reported 38,985 shares. Old Bank & Trust In has invested 0.09% of its portfolio in CA, Inc. (NASDAQ:CA). Engineers Gate Manager Lp accumulated 28,500 shares or 0.07% of the stock. Creative Planning has 3,416 shares for 0% of their US portfolio. Evercore Wealth Limited Liability Corp holds 0% of its portfolio in CA, Inc. (NASDAQ:CA) for 300 shares. D E Shaw & Incorporated holds 0.03% of its portfolio in CA, Inc. (NASDAQ:CA) for 430,957 shares. Oakworth Capital Inc has 0.01% invested in the company for 1,041 shares. Dekabank Deutsche Girozentrale has 218,522 shares for 0.08% of their US portfolio. Moreover, Euclid Advsrs Limited Liability has 0.02% invested in CA, Inc. (NASDAQ:CA) for 11,140 shares. Financial Advisers Limited Liability Co holds 0.01% of its portfolio in CA, Inc. (NASDAQ:CA) for 15,220 shares.

Insider Transactions: Since May 27, 2016, the stock had 0 insider buys, and 5 insider sales for $14.72 million net activity. Shares for $656,959 were sold by Sayed Ayman. On Thursday, June 9 FLAHERTY LAUREN PATRICIA sold $5.98 million worth of the stock or 182,550 shares. 98,401 shares were sold by Lamm Jacob, worth $3.15 million. $858,864 worth of CA, Inc. (NASDAQ:CA) was sold by Haefner Martin. The insider ELSTER ADAM sold 125,513 shares worth $4.07M.

CA, Inc. is engaged in providing software solutions enabling clients to plan, develop, manage and secure applications and enterprise environments across distributed, cloud, mobile and mainframe platforms. The company has a market cap of $14.03 billion. The Firm operates through three business divisions: Mainframe Solutions, Enterprise Solutions and Services. It has a 18.53 P/E ratio. The Company’s Mainframe Solutions and Enterprise Solutions divisions comprise the Company’s software business organized by the nature of its software offerings and the platform on which the products operate.

CA Company Profile

CA, Inc. (CA), incorporated on March 26, 1974, is engaged in providing software solutions enabling clients to plan, develop, manage and secure applications and enterprise environments across distributed, cloud, mobile and mainframe platforms. The Firm operates through three business divisions: Mainframe Solutions, Enterprise Solutions and Services. The Company’s Mainframe Solutions and Enterprise Solutions divisions comprise the Company’s software business organized by the nature of its software offerings and the platform on which the products operate. The Services segment comprises product implementation, consulting, customer education and customer training.

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