On what type of layer/ footage are you trying to use the tool? does it occur with all kinds of footage?
Yes every footage in every compostion. Ex- PSD, AI, shapes etc.
Try installing AE version 13.8 and see how it behaves. It will install alongside your current version as if it were CC 2016 (even though it calls itself CC 2015.3). Make sure you uncheck the option in the CC app so that it won't remove your old version - details here.
Also try working in AE version 13.2 (CC 2014). All three versions can live alongside each other and all three versions can work with the same project files.
See which versions it behaves it.