Calamos Advisors LLC reduced its stake in International Business Machines Corp. (NYSE:IBM) by 0.9% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 111,504 shares of the technology company’s stock after selling 960 shares during the period. Calamos Advisors LLC’s holdings in International Business Machines Corp. were worth $16,924,000 as of its most recent SEC filing.

Other institutional investors also recently added to or reduced their stakes in the company. Hendershot Investments Inc. increased its position in International Business Machines Corp. by 58.5% in the second quarter. Hendershot Investments Inc. now owns 3,130 shares of the technology company’s stock valued at $475,000 after buying an additional 1,155 shares during the period. Candriam Luxembourg S.C.A. increased its position in International Business Machines Corp. by 84.9% in the second quarter. Candriam Luxembourg S.C.A. now owns 51,760 shares of the technology company’s stock valued at $7,856,000 after buying an additional 23,774 shares during the period. Boston Advisors LLC increased its position in International Business Machines Corp. by 27.8% in the second quarter. Boston Advisors LLC now owns 24,208 shares of the technology company’s stock valued at $3,674,000 after buying an additional 5,261 shares during the period. Prospera Financial Services Inc increased its position in International Business Machines Corp. by 43.2% in the second quarter. Prospera Financial Services Inc now owns 3,119 shares of the technology company’s stock valued at $473,000 after buying an additional 941 shares during the period. Finally, PGGM Investments increased its position in International Business Machines Corp. by 3.9% in the second quarter. PGGM Investments now owns 1,028,221 shares of the technology company’s stock valued at $156,063,000 after buying an additional 38,264 shares during the period. 57.61% of the stock is currently owned by hedge funds and other institutional investors.

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

International Business Machines Corp. (NYSE:IBM) traded up 0.47% during trading on Friday, hitting $154.45. 4,358,197 shares of the stock traded hands. International Business Machines Corp. has a 12 month low of $116.90 and a 12 month high of $165.00. The company’s 50 day moving average price is $156.85 and its 200 day moving average price is $154.25. The company has a market cap of $147.63 billion, a P/E ratio of 12.56 and a beta of 0.88.

International Business Machines Corp. (NYSE:IBM) last announced its quarterly earnings data on Monday, July 18th. The technology company reported $2.95 earnings per share for the quarter, topping the Zacks’ consensus estimate of $2.89 by $0.06. International Business Machines Corp. had a return on equity of 88.92% and a net margin of 14.86%. The firm had revenue of $20.20 billion for the quarter, compared to analyst estimates of $20.03 billion. During the same quarter in the prior year, the company posted $3.84 earnings per share. International Business Machines Corp.’s quarterly revenue was down 2.8% on a year-over-year basis. On average, equities research analysts anticipate that International Business Machines Corp. will post $13.51 EPS for the current fiscal year.

Several equities analysts have recently commented on the stock. Goldman Sachs Group Inc. reissued a “neutral” rating and issued a $147.00 target price on shares of International Business Machines Corp. in a report on Wednesday. Credit Suisse Group AG reissued an “underperform” rating and issued a $110.00 target price on shares of International Business Machines Corp. in a report on Wednesday. Sanford C. Bernstein reissued a “market perform” rating and issued a $140.00 target price on shares of International Business Machines Corp. in a report on Saturday, October 8th. Societe Generale set a $160.00 target price on shares of International Business Machines Corp. and gave the stock a “neutral” rating in a report on Tuesday, September 27th. Finally, Zacks Investment Research raised shares of International Business Machines Corp. from a “sell” rating to a “hold” rating in a report on Monday, September 26th. Three investment analysts have rated the stock with a sell rating, seventeen have given a hold rating and eight have issued a buy rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus target price of $154.47.

In related news, insider Robert J. Leblanc sold 15,708 shares of the company’s stock in a transaction on Tuesday, August 9th. The stock was sold at an average price of $162.25, for a total transaction of $2,548,623.00. Following the transaction, the insider now owns 61,374 shares of the company’s stock, valued at $9,957,931.50. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Erich Clementi sold 6,000 shares of the company’s stock in a transaction on Tuesday, August 23rd. The stock was sold at an average price of $160.28, for a total value of $961,680.00. Following the transaction, the insider now directly owns 25,100 shares in the company, valued at approximately $4,023,028. The disclosure for this sale can be found here. Corporate insiders own 0.08% of the company’s stock.

About International Business Machines Corp.

International Business Machines Corporation (IBM) is a technology company. The Company operates through five segments: Global Technology Services (GTS), Global Business Services (GBS), Software, Systems Hardware and Global Financing. The Company’s GTS segment offers services, including strategic outsourcing, integrated technology services, cloud and technology support services (maintenance services).

5 Day Chart for NYSE:IBM

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