International Business Machines Corporation $IBM Holdings Reduced by Danske Bank A S

Danske Bank A S cut its position in International Business Machines Corporation (NYSE:IBM) by 2.3% during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 554,960 shares of the technology company’s stock after selling 13,292 shares during the period. Danske Bank A S’s holdings in International Business Machines were worth $122,052,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also modified their holdings of the company. BlackRock Inc. acquired a new stake in International Business Machines in the second quarter valued at $21,586,659,000. Bank of America Corp DE purchased a new stake in International Business Machines during the 2nd quarter worth about $4,214,868,000. Bank of New York Mellon Corp acquired a new position in shares of International Business Machines during the 2nd quarter worth about $2,606,782,000. Legal & General Group Plc acquired a new position in shares of International Business Machines during the 2nd quarter worth about $1,874,733,000. Finally, Wellington Management Group LLP boosted its position in shares of International Business Machines by 2,362.2% during the 2nd quarter. Wellington Management Group LLP now owns 6,549,393 shares of the technology company’s stock worth $1,841,755,000 after acquiring an additional 6,283,395 shares in the last quarter. 58.96% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at International Business Machines

In related news, SVP Robert Thomas sold 25,000 shares of the firm’s stock in a transaction dated Wednesday, August 26th. The stock was sold at an average price of $230.32, for a total transaction of $5,758,000.00. Following the transaction, the senior vice president owned 47,800 shares of the company’s stock, valued at $11,009,296. This trade represents a 34.34% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. Company insiders own 0.27% of the company’s stock.

Key Headlines Impacting International Business Machines

Investors following IBM have been watching these headlines:

• Positive Sentiment: IBM and Microsoft launched Imagine Enterprise, an AI-agent platform designed for regulated industries, with governance, security and compliance built into workflows. The partnership strengthens IBM’s enterprise AI offering, although the revenue impact is not yet specified. Microsoft and IBM launch enterprise AI agent platform
• Positive Sentiment: IBM’s acquisition of AuthMind adds to its cybersecurity push, potentially broadening its security capabilities. The report provides no deal terms or expected financial contribution. IBM acquires AuthMind
• Neutral Sentiment: A report projects the managed learning services market will grow to $14.65 billion by 2030 and names IBM among providers scaling AI-focused learning. This points to a potential opportunity, but IBM’s expected share is not given. Global managed learning services market report

International Business Machines Stock Performance

Shares of International Business Machines stock traded up $2.53 during trading on Friday, reaching $247.20. The company’s stock had a trading volume of 2,667,291 shares, compared to its average volume of 5,073,837. The company has a 50-day moving average price of $238.06 and a two-hundred day moving average price of $247.43. International Business Machines Corporation has a fifty-two week low of $199.19 and a fifty-two week high of $332.46. The firm has a market cap of $233.63 billion, a PE ratio of 21.07, a P/E/G ratio of 2.41 and a beta of 0.78. The company has a current ratio of 0.85, a quick ratio of 0.80 and a debt-to-equity ratio of 1.57.

International Business Machines (NYSE:IBM) last issued its quarterly earnings results on Wednesday, October 21st. The technology company reported $2.95 earnings per share for the quarter, topping analysts’ consensus estimates of $2.85 by $0.10. International Business Machines had a net margin of 15.99% and a return on equity of 34.37%. The firm had revenue of $17.10 billion during the quarter, compared to analysts’ expectations of $16.82 billion. During the same quarter in the prior year, the business earned $2.65 EPS. International Business Machines’s quarterly revenue was up 4.7% compared to the same quarter last year. On average, analysts forecast that International Business Machines Corporation will post 12.42 EPS for the current year.

International Business Machines Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, December 10th. Stockholders of record on Tuesday, November 10th will be paid a dividend of $1.69 per share. The ex-dividend date is Tuesday, November 10th. This represents a $6.76 annualized dividend and a dividend yield of 2.7%. International Business Machines’s dividend payout ratio is 57.63%.

Analysts Set New Price Targets

A number of research firms have recently commented on IBM. Evercore reiterated an “outperform” rating on shares of International Business Machines in a report on Friday, November 6th. Stifel Nicolaus boosted their target price on International Business Machines from $235.00 to $260.00 and gave the stock a “buy” rating in a research note on Thursday, October 22nd. UBS Group boosted their target price on International Business Machines from $236.00 to $243.00 and gave the stock a “neutral” rating in a research note on Thursday, October 22nd. Susquehanna set a $275.00 price target on International Business Machines in a report on Friday, November 6th. Finally, Morgan Stanley increased their price target on shares of International Business Machines from $238.00 to $240.00 and gave the company an “equal weight” rating in a research note on Thursday, October 22nd. Nineteen research analysts have rated the stock with a Buy rating, thirteen have issued a Hold rating and two have issued a Sell rating to the stock. According to MarketBeat, International Business Machines currently has an average rating of “Moderate Buy” and a consensus price target of $266.88.

International Business Machines Profile

International Business Machines Corporation (IBM) is a global technology company that provides software, consulting, infrastructure and related services to businesses and public-sector organizations. Its offerings include hybrid cloud and artificial intelligence solutions, enterprise software, IT consulting, and systems such as IBM Z mainframes and Power servers. IBM also develops technologies in areas including data management, automation, cybersecurity and quantum computing. Its consulting teams help clients design, build and manage technology systems and business processes.