Andra AP fonden grew its stake in International Business Machines Corp. (NYSE:IBM) by 4.5% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 103,600 shares of the technology company’s stock after buying an additional 4,501 shares during the quarter. Andra AP fonden’s holdings in International Business Machines were worth $15,030,000 as of its most recent SEC filing.
Other large investors have also added to or reduced their stakes in the company. Vanguard Group Inc. lifted its holdings in shares of International Business Machines by 3.7% in the 2nd quarter. Vanguard Group Inc. now owns 62,228,040 shares of the technology company’s stock valued at $9,572,538,000 after buying an additional 2,241,818 shares during the period. Nordea Investment Management AB grew its position in shares of International Business Machines by 151.2% in the second quarter. Nordea Investment Management AB now owns 3,250,047 shares of the technology company’s stock valued at $499,955,000 after purchasing an additional 1,956,033 shares in the last quarter. Janus Henderson Group PLC lifted its stake in International Business Machines by 1,155.3% during the second quarter. Janus Henderson Group PLC now owns 1,358,103 shares of the technology company’s stock worth $208,923,000 after purchasing an additional 1,249,916 shares in the last quarter. BlackRock Inc. raised its stake in shares of International Business Machines by 2.4% in the second quarter. BlackRock Inc. now owns 52,936,360 shares of the technology company’s stock valued at $8,143,204,000 after acquiring an additional 1,241,441 shares in the last quarter. Finally, Canada Pension Plan Investment Board grew its holdings in shares of International Business Machines by 157.2% during the third quarter. Canada Pension Plan Investment Board now owns 1,287,090 shares of the technology company’s stock worth $186,731,000 after buying an additional 786,749 shares during the last quarter. Hedge funds and other institutional investors own 57.11% of the company’s stock.
International Business Machines Corp. (NYSE:IBM) traded down $1.06 on Friday, reaching $163.14. 5,029,835 shares of the company’s stock traded hands, compared to its average volume of 4,810,000. The company has a quick ratio of 1.36, a current ratio of 1.41 and a debt-to-equity ratio of 2.09. The firm has a market cap of $151,030.00, a PE ratio of 13.62, a PEG ratio of 2.39 and a beta of 0.94. International Business Machines Corp. has a 52-week low of $139.13 and a 52-week high of $182.79.
International Business Machines (NYSE:IBM) last issued its quarterly earnings results on Tuesday, October 17th. The technology company reported $3.30 EPS for the quarter, topping the consensus estimate of $3.28 by $0.02. International Business Machines had a net margin of 14.43% and a return on equity of 68.68%. The company had revenue of $19.15 billion during the quarter, compared to analysts’ expectations of $18.63 billion. During the same quarter in the previous year, the company earned $3.29 EPS. International Business Machines’s revenue was down .4% on a year-over-year basis. sell-side analysts expect that International Business Machines Corp. will post 13.78 EPS for the current fiscal year.
Several brokerages recently issued reports on IBM. Societe Generale set a $152.00 price objective on International Business Machines and gave the stock a “sell” rating in a research report on Friday. BMO Capital Markets restated a “hold” rating and set a $175.00 target price on shares of International Business Machines in a report on Thursday. They noted that the move was a valuation call. Zacks Investment Research upgraded shares of International Business Machines from a “sell” rating to a “hold” rating in a report on Wednesday. Royal Bank of Canada upgraded shares of International Business Machines from a “sector perform” rating to an “outperform” rating and boosted their price objective for the stock from $160.00 to $180.00 in a report on Wednesday, January 3rd. They noted that the move was a valuation call. Finally, Vetr downgraded shares of International Business Machines from a “strong-buy” rating to a “buy” rating and set a $173.45 price objective for the company. in a research report on Tuesday, December 12th. Seven analysts have rated the stock with a sell rating, seventeen have assigned a hold rating and twelve have issued a buy rating to the stock. International Business Machines presently has a consensus rating of “Hold” and a consensus target price of $159.90.
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About International Business Machines
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.
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