Pensionfund Sabic Has $3.326 Million Position in International Business Machines Corp. (IBM)

Pensionfund Sabic cut its stake in shares of International Business Machines Corp. (NYSE:IBM) by 18.7% during the first quarter, according to its most recent disclosure with the SEC. The fund owned 19,100 shares of the technology company’s stock after selling 4,400 shares during the period. International Business Machines Corp. comprises about 1.0% of Pensionfund Sabic’s holdings, making the stock its 16th largest position. Pensionfund Sabic’s holdings in International Business Machines Corp. were worth $3,326,000 at the end of the most recent reporting period.

Several other institutional investors have also recently modified their holdings of IBM. Norges Bank purchased a new position in shares of International Business Machines Corp. during the fourth quarter valued at approximately $1,366,710,000. Asset Management One Co. Ltd. boosted its position in shares of International Business Machines Corp. by 1,629.0% in the fourth quarter. Asset Management One Co. Ltd. now owns 1,573,373 shares of the technology company’s stock valued at $261,234,000 after buying an additional 1,482,372 shares during the last quarter. State Street Corp boosted its position in shares of International Business Machines Corp. by 2.5% in the fourth quarter. State Street Corp now owns 51,016,969 shares of the technology company’s stock valued at $8,468,300,000 after buying an additional 1,220,924 shares during the last quarter. PGGM Investments boosted its position in shares of International Business Machines Corp. by 69.6% in the third quarter. PGGM Investments now owns 1,743,519 shares of the technology company’s stock valued at $276,958,000 after buying an additional 715,298 shares during the last quarter. Finally, Russell Investments Group Ltd. purchased a new position in shares of International Business Machines Corp. during the fourth quarter valued at approximately $82,563,000. Institutional investors own 58.65% of the company’s stock.

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

Shares of International Business Machines Corp. (NYSE:IBM) opened at 162.30 on Friday. The company has a market capitalization of $153.08 billion, a price-to-earnings ratio of 13.11 and a beta of 0.96. The stock has a 50 day moving average of $174.10 and a 200-day moving average of $167.58. International Business Machines Corp. has a 1-year low of $142.50 and a 1-year high of $182.79. International Business Machines Corp. also was the recipient of some unusual options trading activity on Tuesday. Investors bought 3,300 call options on the company. This represents an increase of approximately 315% compared to the average volume of 795 call options.



International Business Machines Corp. (NYSE:IBM) last announced its earnings results on Tuesday, April 18th. The technology company reported $2.38 EPS for the quarter, beating the Zacks’ consensus estimate of $2.35 by $0.03. International Business Machines Corp. had a net margin of 14.85% and a return on equity of 78.32%. The firm had revenue of $18.16 billion for the quarter, compared to analysts’ expectations of $18.37 billion. During the same quarter in the previous year, the business posted $2.35 EPS. The company’s quarterly revenue was down 2.8% on a year-over-year basis. Analysts forecast that International Business Machines Corp. will post $13.78 earnings per share for the current year.

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Several equities analysts have recently commented on IBM shares. Morgan Stanley boosted their target price on shares of International Business Machines Corp. from $187.00 to $212.00 and gave the company an “overweight” rating in a research report on Thursday, March 16th. Bank of America Corp upgraded shares of International Business Machines Corp. from a “neutral” rating to a “buy” rating in a research report on Tuesday, January 31st. Vetr cut shares of International Business Machines Corp. from a “hold” rating to a “sell” rating and set a $164.98 price objective for the company. in a research report on Monday, January 23rd. Zacks Investment Research upgraded shares of International Business Machines Corp. from a “sell” rating to a “hold” rating in a research report on Monday, January 23rd. Finally, Drexel Hamilton upped their price objective on shares of International Business Machines Corp. from $186.00 to $215.00 and gave the stock a “buy” rating in a research report on Tuesday, March 7th. Seven equities research analysts have rated the stock with a sell rating, fourteen have given a hold rating and six have assigned a buy rating to the stock. International Business Machines Corp. has a consensus rating of “Hold” and an average target price of $166.83.

In other news, insider Diane J. Gherson sold 5,000 shares of the business’s stock in a transaction on Monday, February 13th. The shares were sold at an average price of $179.18, for a total transaction of $895,900.00. Following the sale, the insider now owns 20,952 shares in the company, valued at approximately $3,754,179.36. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, insider James J. Kavanaugh sold 559 shares of the business’s stock in a transaction on Tuesday, February 7th. The shares were sold at an average price of $178.31, for a total transaction of $99,675.29. Following the sale, the insider now owns 29,856 shares in the company, valued at approximately $5,323,623.36. The disclosure for this sale can be found here. Insiders own 0.08% of the company’s stock.

International Business Machines Corp. Company 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.

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