International Business Machines Corporation $IBM Shares Sold by Insight Advisors LLC PA

Insight Advisors LLC PA lowered its holdings in International Business Machines Corporation (NYSE:IBMFree Report) by 67.0% during the first quarter, Holdings Channel.com reports. The firm owned 1,736 shares of the technology company’s stock after selling 3,519 shares during the period. Insight Advisors LLC PA’s holdings in International Business Machines were worth $421,000 at the end of the most recent quarter.

A number of other hedge funds have also modified their holdings of IBM. Norges Bank purchased a new stake in International Business Machines in the 4th quarter valued at about $2,446,429,000. Capital World Investors lifted its position in International Business Machines by 29.2% in the fourth quarter. Capital World Investors now owns 22,021,912 shares of the technology company’s stock valued at $6,523,720,000 after buying an additional 4,976,756 shares during the last quarter. Price T Rowe Associates Inc. MD boosted its stake in International Business Machines by 83.4% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 5,617,117 shares of the technology company’s stock worth $1,663,847,000 after buying an additional 2,553,552 shares during the period. Corient Private Wealth LLC increased its position in shares of International Business Machines by 359.6% during the fourth quarter. Corient Private Wealth LLC now owns 1,896,675 shares of the technology company’s stock valued at $561,814,000 after acquiring an additional 1,484,026 shares during the last quarter. Finally, Vanguard Group Inc. increased its position in shares of International Business Machines by 1.5% during the fourth quarter. Vanguard Group Inc. now owns 97,216,131 shares of the technology company’s stock valued at $28,796,390,000 after acquiring an additional 1,439,824 shares during the last quarter. 58.96% of the stock is currently owned by hedge funds and other institutional investors.

Trending Headlines about International Business Machines

Here are the key news stories impacting International Business Machines this week:

International Business Machines Trading Down 1.2%

NYSE IBM opened at $210.44 on Wednesday. The company has a debt-to-equity ratio of 1.75, a quick ratio of 0.76 and a current ratio of 0.80. The firm has a market cap of $197.79 billion, a price-to-earnings ratio of 18.61, a PEG ratio of 2.30 and a beta of 0.68. The firm has a 50 day simple moving average of $263.44 and a 200-day simple moving average of $262.05. International Business Machines Corporation has a one year low of $204.44 and a one year high of $332.46.

International Business Machines (NYSE:IBMGet Free Report) last announced its earnings results on Wednesday, April 22nd. The technology company reported $1.91 earnings per share for the quarter, topping the consensus estimate of $1.81 by $0.10. The firm had revenue of $15.92 billion for the quarter, compared to the consensus estimate of $15.60 billion. International Business Machines had a net margin of 15.61% and a return on equity of 37.23%. The firm’s revenue for the quarter was up 9.5% on a year-over-year basis. During the same period in the prior year, the firm earned $1.60 EPS. Equities research analysts anticipate that International Business Machines Corporation will post 12.21 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several equities analysts have recently commented on IBM shares. JPMorgan Chase & Co. decreased their price objective on shares of International Business Machines from $291.00 to $250.00 and set an “overweight” rating on the stock in a report on Friday, July 17th. Oppenheimer downgraded shares of International Business Machines from an “outperform” rating to a “market perform” rating in a report on Wednesday, July 15th. Weiss Ratings cut International Business Machines from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Wednesday, June 24th. Susquehanna began coverage on International Business Machines in a research report on Friday, July 10th. They set a “neutral” rating and a $303.00 price target for the company. Finally, Needham & Company LLC started coverage on International Business Machines in a research note on Wednesday, June 3rd. They issued a “buy” rating for the company. Fifteen equities research analysts have rated the stock with a Buy rating, ten have assigned a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $278.68.

Get Our Latest Research Report on IBM

About International Business Machines

(Free Report)

International Business Machines Corporation (IBM) is a global technology and consulting company headquartered in Armonk, New York. Founded in 1911 as the Computing-Tabulating-Recording Company (CTR) and renamed IBM in 1924, the company has evolved from early electromechanical machines to a diversified technology provider serving enterprises and governments worldwide. IBM is publicly traded on the New York Stock Exchange under the ticker symbol IBM.

IBM’s principal businesses encompass cloud computing and software, infrastructure and systems, consulting and technology services, and research and development.

See Also

Want to see what other hedge funds are holding IBM? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for International Business Machines Corporation (NYSE:IBMFree Report).

Institutional Ownership by Quarter for International Business Machines (NYSE:IBM)

Receive News & Ratings for International Business Machines Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for International Business Machines and related companies with MarketBeat.com's FREE daily email newsletter.