CA, Inc. Is a Buy; Strong Momentum from Option Traders

 CA, Inc. Is a Buy; Strong Momentum from Option Traders

In today’s session CA, Inc. (CA) registered an unusually high (2,750) 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 2,750 contracts traded and 15464 open interest for the Nov, 16 contract, it seems this is a quite bullish bet. The option with symbol: CA161118C00033000 closed last at: $0.45 or 10% down. About 948,246 shares traded hands. CA, Inc. (NASDAQ:CA) has risen 0.10% since March 29, 2016 and is uptrending. It has underperformed by 3.38% the S&P500.

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. $38 is the highest target while $29 is the lowest. The $32.25 average target is 4.64% above today’s ($30.82) stock price. CA Technologies has been the topic of 14 analyst reports since August 6, 2015 according to StockzIntelligence Inc. The stock of CA, Inc. (NASDAQ:CA) has “Overweight” rating given on Tuesday, January 12 by Barclays Capital. Standpoint Research upgraded the shares of CA in a report on Wednesday, November 18 to “Buy” rating. Barclays Capital downgraded CA, Inc. (NASDAQ:CA) rating on Friday, July 15. Barclays Capital has “Equal-Weight” rating and $35 price target. The company was downgraded on Friday, October 23 by TheStreet. The firm earned “Neutral” rating on Thursday, May 12 by Citigroup. The firm earned “Buy” rating on Friday, September 4 by Jefferies. On Thursday, October 22 the stock rating was maintained by FBR Capital with “Mkt Perform”. The firm has “Sector Perform” rating by RBC Capital Markets given on Thursday, November 19. The rating was upgraded by Citigroup to “Neutral” on Monday, November 16. The firm has “Neutral” rating given on Thursday, July 14 by Mizuho.

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 is positive, 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.
Sii Investments Inc Wi last reported 0.02% of its portfolio in the stock. Catawba Capital Management Va accumulated 10,490 shares or 0.08% of the stock. Country Club Tru Na last reported 1.36% of its portfolio in the stock. Water Island Cap Ltd Liability Co holds 0.04% or 21,828 shares in its portfolio. Financial Bank Of Montreal Can holds 0.02% or 446,548 shares in its portfolio. Fjarde Ap accumulated 0.06% or 74,592 shares. First Houston Capital holds 2.79% or 91,901 shares in its portfolio. Afam Cap Inc owns 206,068 shares or 1.12% of their US portfolio. Schwab Charles Inv Mngmt reported 1.35M shares or 0.06% of all its holdings. Teachers Ins & Annuity Association Of America reported 259,400 shares or 0.38% of all its holdings. Blackrock Advisors Limited Liability owns 365,757 shares or 0.01% of their US portfolio. The Switzerland-based Zurcher Kantonalbank (Zurich Cantonalbank) has invested 0.1% in CA, Inc. (NASDAQ:CA). Babson Cap Management Lc has 0.09% invested in the company for 104,648 shares. The Montana-based First Interstate Savings Bank has invested 0.01% in CA, Inc. (NASDAQ:CA). Ontario Teachers Pension Plan Board accumulated 0.08% or 222,020 shares.

Insider Transactions: Since May 27, 2016, the stock had 0 buys, and 5 selling transactions for $14.72 million net activity. On Tuesday, September 6 the insider Sayed Ayman sold $656,959. $3.15M worth of shares were sold by Lamm Jacob on Friday, May 27. The insider Haefner Martin sold 23,200 shares worth $858,864. The insider ELSTER ADAM sold $4.07 million. FLAHERTY LAUREN PATRICIA sold $5.98 million worth of CA, Inc. (NASDAQ:CA) on Thursday, June 9.

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 $12.38 billion. The Firm operates through three business divisions: Mainframe Solutions, Enterprise Solutions and Services. It has a 16.11 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.

More news for CA, Inc. (NASDAQ:CA) were recently published by: Seekingalpha.com, which released: “CA Inc.: Good Total Return, But Is The Company Ready To Grow Again?” on October 25, 2016. Zacks.com‘s article titled: “CA Inc. (CA) Beats on Q2 Earnings amp; Revenues, Guides Well” and published on October 28, 2016 is yet another important article.

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