International Business Machines Corporation (IBM) Stake Decreased by Hussman Strategic Advisors Inc.

Hussman Strategic Advisors Inc. decreased its position in International Business Machines Corporation (NYSE:IBM) by 19.7% during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 40,700 shares of the technology company’s stock after selling 10,000 shares during the period. International Business Machines Corporation comprises approximately 1.4% of Hussman Strategic Advisors Inc.’s portfolio, making the stock its 16th biggest holding. Hussman Strategic Advisors Inc.’s holdings in International Business Machines Corporation were worth $6,261,000 at the end of the most recent reporting period.

Other institutional investors have also recently added to or reduced their stakes in the company. Waldron LP increased its stake in shares of International Business Machines Corporation by 98.2% during the first quarter. Waldron LP now owns 4,141 shares of the technology company’s stock valued at $715,000 after purchasing an additional 2,052 shares in the last quarter. Profund Advisors LLC increased its position in shares of International Business Machines Corporation by 13.7% during the first quarter. Profund Advisors LLC now owns 30,956 shares of the technology company’s stock valued at $5,391,000 after acquiring an additional 3,733 shares in the last quarter. Acadian Asset Management LLC grew its position in International Business Machines Corporation by 28.9% in the 1st quarter. Acadian Asset Management LLC now owns 37,487 shares of the technology company’s stock worth $6,527,000 after purchasing an additional 8,399 shares during the period. Headinvest LLC grew its position in International Business Machines Corporation by 4.8% in the 1st quarter. Headinvest LLC now owns 2,943 shares of the technology company’s stock worth $512,000 after purchasing an additional 135 shares during the period. Finally, Glen Harbor Capital Management LLC grew its position in International Business Machines Corporation by 54.4% in the 1st quarter. Glen Harbor Capital Management LLC now owns 82,858 shares of the technology company’s stock worth $14,429,000 after purchasing an additional 29,206 shares during the period. 57.83% of the stock is currently owned by hedge funds and other institutional investors.

A number of research analysts recently weighed in on IBM shares. Cantor Fitzgerald restated a “hold” rating and set a $154.00 target price (down previously from $166.00) on shares of International Business Machines Corporation in a research note on Wednesday, July 19th. Argus reiterated a “buy” rating and set a $175.00 price target (down from $192.00) on shares of International Business Machines Corporation in a report on Friday, July 21st. UBS AG reaffirmed a “neutral” rating and issued a $159.00 price target (down previously from $167.00) on shares of International Business Machines Corporation in a research report on Saturday, July 22nd. Vetr raised shares of International Business Machines Corporation from a “hold” rating to a “buy” rating and set a $150.68 price target for the company in a research report on Monday, July 31st. Finally, Wedbush reissued a “neutral” rating and set a $155.00 target price on shares of International Business Machines Corporation in a research report on Wednesday, August 9th. Eight research analysts have rated the stock with a sell rating, seventeen have given a hold rating and ten have given a buy rating to the stock. International Business Machines Corporation presently has a consensus rating of “Hold” and an average price target of $158.90.

International Business Machines Corporation (NYSE IBM) traded down 0.14% during mid-day trading on Friday, hitting $153.39. The stock had a trading volume of 1,220,963 shares. The firm’s 50-day moving average price is $147.94 and its 200-day moving average price is $150.82. International Business Machines Corporation has a 1-year low of $139.13 and a 1-year high of $182.79. The stock has a market cap of $142.56 billion, a PE ratio of 12.80 and a beta of 0.95.

International Business Machines Corporation (NYSE:IBM) last released its earnings results on Tuesday, October 17th. The technology company reported $3.30 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $3.28 by $0.02. International Business Machines Corporation had a net margin of 14.43% and a return on equity of 68.68%. The firm had revenue of $19.15 billion during the quarter, compared to analyst estimates of $18.63 billion. During the same period last year, the business earned $3.29 earnings per share. The business’s revenue was down .4% on a year-over-year basis. On average, equities analysts expect that International Business Machines Corporation will post $13.80 earnings per share for the current year.

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International Business Machines Corporation Profile

International Business Machines Corporation (IBM) is a technology company. The Company operates through five segments: Cognitive Solutions, Global Business Services (GBS), Technology Services & Cloud Platforms, Systems and Global Financing. The Cognitive Solutions segment delivers a spectrum of capabilities, from descriptive, predictive and prescriptive analytics to cognitive systems.

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

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