Daiwa Securities Group Inc. lowered its position in International Business Machines Corporation (NYSE:IBM) by 18.8% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 43,090 shares of the technology company’s stock after selling 9,970 shares during the quarter. Daiwa Securities Group Inc.’s holdings in International Business Machines Corporation were worth $6,629,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently made changes to their positions in the stock. State Street Corp grew its holdings in shares of International Business Machines Corporation by 0.4% in the first quarter. State Street Corp now owns 51,198,962 shares of the technology company’s stock valued at $8,915,788,000 after purchasing an additional 181,993 shares during the period. Schwab Charles Investment Management Inc. grew its holdings in shares of International Business Machines Corporation by 5.0% in the first quarter. Schwab Charles Investment Management Inc. now owns 4,516,351 shares of the technology company’s stock valued at $786,478,000 after purchasing an additional 215,180 shares during the period. Sumitomo Mitsui Trust Holdings Inc. grew its holdings in shares of International Business Machines Corporation by 1.3% in the first quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 2,719,932 shares of the technology company’s stock valued at $473,649,000 after purchasing an additional 34,936 shares during the period. LSV Asset Management grew its holdings in shares of International Business Machines Corporation by 2.3% in the first quarter. LSV Asset Management now owns 2,578,404 shares of the technology company’s stock valued at $449,003,000 after purchasing an additional 59,030 shares during the period. Finally, APG Asset Management N.V. grew its holdings in shares of International Business Machines Corporation by 11.6% in the second quarter. APG Asset Management N.V. now owns 2,527,501 shares of the technology company’s stock valued at $388,805,000 after purchasing an additional 261,720 shares during the period. 57.88% of the stock is owned by hedge funds and other institutional investors.

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A number of equities research analysts recently issued reports on the stock. BidaskClub raised shares of International Business Machines Corporation from a “strong sell” rating to a “sell” rating in a report on Saturday, August 26th. Stifel Nicolaus reissued a “buy” rating and issued a $182.00 price objective on shares of International Business Machines Corporation in a report on Friday, July 21st. Royal Bank Of Canada reissued a “sector perform” rating and issued a $160.00 price objective (down previously from $165.00) on shares of International Business Machines Corporation in a report on Saturday, July 22nd. Morgan Stanley reissued an “overweight” rating and issued a $192.00 price objective on shares of International Business Machines Corporation in a report on Wednesday, August 23rd. Finally, Vetr raised shares of International Business Machines Corporation from a “sell” rating to a “hold” rating and set a $150.26 price objective for the company in a report on Monday, June 19th. Seven analysts have rated the stock with a sell rating, seventeen have given a hold rating and nine have given a buy rating to the company’s stock. The stock has an average rating of “Hold” and an average target price of $157.12.

Shares of International Business Machines Corporation (NYSE:IBM) opened at 147.39 on Tuesday. International Business Machines Corporation has a one year low of $139.13 and a one year high of $182.79. The company has a 50-day moving average of $144.55 and a 200 day moving average of $152.46. The firm has a market cap of $137.36 billion, a PE ratio of 12.23 and a beta of 0.95.

International Business Machines Corporation (NYSE:IBM) last released its quarterly earnings results on Tuesday, July 18th. The technology company reported $2.97 earnings per share for the quarter, topping the Zacks’ consensus estimate of $2.74 by $0.23. The firm had revenue of $19.29 billion during the quarter, compared to analysts’ expectations of $19.45 billion. International Business Machines Corporation had a return on equity of 71.53% and a net margin of 14.58%. International Business Machines Corporation’s quarterly revenue was down 4.7% compared to the same quarter last year. During the same quarter in the prior year, the business earned $2.95 EPS. On average, equities research analysts expect that International Business Machines Corporation will post $13.76 EPS for the current fiscal year.

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

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