Shares of

Computer Associates

(CA) - Get Report

sat out Thursday's rally amid news that grand jury subpoenas have been sent out in the federal investigation into the software maker's accounting practices.

Allstate

(ALL) - Get Report

, a Computer Associates customer, and a former saleswoman at CA have received subpoenas to testify or provide documents to the grand jury,

The New York Times

reported Thursday.

The

Securities and Exchange Commission

is investigating whether executives at Islandia, N.Y.-based Computer Associates inflated the company's sales and profits to boost the stock price in periods prior to the vesting of major management stock awards. The investigation also is reportedly examining whether a change in the company's accounting practices in 2000 allowed the company to double-count some sales.

Computer Associates has said it has followed generally accepted accounting principles.

In a statement Thursday, the company said it has not been advised by the SEC or U.S. attorney's Office of any recent change in the status of their investigation. The company said it is cooperating with the investigation, but no CA executive has been subpoenaed and CA has not received a grand jury subpoena for documents.

Shares of Computer Associates declined 28 cents, or 1.9%, to $14.87 in recent trading. The Goldman Sachs Software Index climbed 4.4%.