Fjarde AP Fonden Fourth Swedish National Pension Fund Has $31.49 Million Position in International Business Machines Corp. (IBM)

Fjarde AP Fonden Fourth Swedish National Pension Fund boosted its stake in shares of International Business Machines Corp. (NYSE:IBM) by 1.4% during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 217,033 shares of the technology company’s stock after purchasing an additional 2,978 shares during the period. Fjarde AP Fonden Fourth Swedish National Pension Fund’s holdings in International Business Machines were worth $31,487,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Herndon Capital Management LLC lifted its position in shares of International Business Machines by 39.0% in the second quarter. Herndon Capital Management LLC now owns 695 shares of the technology company’s stock valued at $107,000 after acquiring an additional 195 shares in the last quarter. Edge Wealth Management LLC lifted its position in shares of International Business Machines by 5.6% in the second quarter. Edge Wealth Management LLC now owns 760 shares of the technology company’s stock valued at $117,000 after acquiring an additional 40 shares in the last quarter. ETF Managers Group LLC purchased a new position in shares of International Business Machines in the second quarter valued at about $121,000. Peddock Capital Advisors LLC lifted its position in shares of International Business Machines by 7.3% in the second quarter. Peddock Capital Advisors LLC now owns 912 shares of the technology company’s stock valued at $140,000 after acquiring an additional 62 shares in the last quarter. Finally, Horan Securities Inc. lifted its position in shares of International Business Machines by 845.5% in the second quarter. Horan Securities Inc. now owns 936 shares of the technology company’s stock valued at $144,000 after acquiring an additional 837 shares in the last quarter. Institutional investors own 57.12% of the company’s stock.

Shares of International Business Machines Corp. (NYSE:IBM) opened at $169.12 on Friday. The company has a debt-to-equity ratio of 2.09, a quick ratio of 1.36 and a current ratio of 1.41. International Business Machines Corp. has a 52 week low of $139.13 and a 52 week high of $182.79. The firm has a market capitalization of $156,134.72, a P/E ratio of 14.13, a price-to-earnings-growth ratio of 2.46 and a beta of 0.94.

International Business Machines (NYSE:IBM) last issued its quarterly earnings data on Thursday, January 18th. The technology company reported $5.18 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $5.17 by $0.01. International Business Machines had a return on equity of 68.68% and a net margin of 14.43%. The company had revenue of $22.54 billion for the quarter, compared to analysts’ expectations of $22.03 billion. During the same period in the previous year, the firm posted $5.01 earnings per share. The firm’s revenue for the quarter was up 3.6% on a year-over-year basis. equities analysts predict that International Business Machines Corp. will post 13.79 EPS for the current fiscal year.

A number of research firms recently commented on IBM. UBS Group reiterated a “neutral” rating and issued a $160.00 target price (up from $152.00) on shares of International Business Machines in a research report on Wednesday, October 18th. Jefferies Group reiterated a “sell” rating and issued a $125.00 target price on shares of International Business Machines in a research report on Thursday, September 21st. Vetr upgraded International Business Machines from a “buy” rating to a “strong-buy” rating and set a $173.45 target price on the stock in a research report on Wednesday, December 6th. Cantor Fitzgerald reiterated a “hold” rating and issued a $154.00 target price on shares of International Business Machines in a research report on Friday, October 13th. Finally, BMO Capital Markets reiterated a “hold” rating and issued a $175.00 target price on shares of International Business Machines in a research report on Thursday, January 11th. They noted that the move was a valuation call. Six research analysts have rated the stock with a sell rating, seventeen have given a hold rating and thirteen have assigned a buy rating to the company’s stock. The stock has an average rating of “Hold” and a consensus target price of $163.32.

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

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