HighVista Strategies LLC bought a new stake in shares of International Business Machines Corporation (NYSE:IBM) during the first quarter, according to its most recent disclosure with the SEC. The firm bought 4,500 shares of the technology company’s stock, valued at approximately $784,000.

Other institutional investors have also added to or reduced their stakes in the company. Norges Bank acquired a new position in International Business Machines Corporation during the fourth quarter valued at approximately $1,366,710,000. DekaBank Deutsche Girozentrale increased its stake in International Business Machines Corporation by 70.6% in the first quarter. DekaBank Deutsche Girozentrale now owns 646,799 shares of the technology company’s stock worth $112,830,000 after buying an additional 267,588 shares during the period. Schwab Charles Investment Management Inc. increased its stake in 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 worth $786,478,000 after buying an additional 215,180 shares during the period. State of Tennessee Treasury Department increased its stake in International Business Machines Corporation by 75.4% in the first quarter. State of Tennessee Treasury Department now owns 484,458 shares of the technology company’s stock worth $84,364,000 after buying an additional 208,192 shares during the period. Finally, British Airways Pensions Investment Management Ltd purchased a new stake in International Business Machines Corporation during the first quarter worth about $23,149,000. Hedge funds and other institutional investors own 58.73% of the company’s stock.

International Business Machines Corporation (IBM) traded up 0.11% during mid-day trading on Thursday, reaching $141.93. The company had a trading volume of 747,714 shares. The company’s 50 day moving average is $149.90 and its 200 day moving average is $162.86. International Business Machines Corporation has a 52-week low of $141.19 and a 52-week high of $182.79. The stock has a market capitalization of $132.27 billion, a price-to-earnings ratio of 11.78 and a beta of 0.97.

International Business Machines Corporation (NYSE:IBM) last posted its earnings results on Tuesday, July 18th. The technology company reported $2.97 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.74 by $0.23. International Business Machines Corporation had a net margin of 14.58% and a return on equity of 71.53%. The company had revenue of $19.29 billion during the quarter, compared to analysts’ expectations of $19.45 billion. During the same quarter in the previous year, the company posted $2.95 earnings per share. International Business Machines Corporation’s quarterly revenue was down 4.7% compared to the same quarter last year. Equities analysts predict that International Business Machines Corporation will post $13.74 earnings per share for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Saturday, September 9th. Investors of record on Thursday, August 10th will be given a $1.50 dividend. This represents a $6.00 annualized dividend and a yield of 4.23%. The ex-dividend date of this dividend is Tuesday, August 8th. International Business Machines Corporation’s dividend payout ratio (DPR) is presently 49.88%.

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IBM has been the subject of a number of research reports. Vetr downgraded International Business Machines Corporation from a “sell” rating to a “strong sell” rating and set a $152.23 price target for the company. in a research report on Monday, April 17th. Goldman Sachs Group, Inc. (The) lowered their price target on International Business Machines Corporation from $175.00 to $170.00 and set a “neutral” rating for the company in a research report on Wednesday, April 19th. Zacks Investment Research downgraded International Business Machines Corporation from a “hold” rating to a “sell” rating in a research report on Friday, April 21st. Drexel Hamilton reissued a “buy” rating and set a $200.00 price target on shares of International Business Machines Corporation in a research report on Tuesday, July 18th. Finally, Morgan Stanley reissued an “overweight” rating and set a $212.00 price target on shares of International Business Machines Corporation in a research report on Wednesday, April 19th. Seven investment analysts have rated the stock with a sell rating, eighteen have assigned a hold rating and seven have assigned a buy rating to the stock. The company presently has a consensus rating of “Hold” and a consensus price target of $157.40.

In related news, Director James W. Owens acquired 1,718 shares of the company’s stock in a transaction that occurred on Tuesday, May 16th. The stock was purchased at an average price of $153.19 per share, for a total transaction of $263,180.42. The acquisition was disclosed in a legal filing with the SEC, which is available through this hyperlink. Insiders own 0.23% of the company’s stock.

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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