6,581 Shares in International Business Machines Corporation $IBM Purchased by Navigate Wealth Management LLC

Navigate Wealth Management LLC acquired a new stake in shares of International Business Machines Corporation (NYSE:IBM) in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 6,581 shares of the technology company’s stock, valued at approximately $1,495,000. International Business Machines accounts for about 0.9% of Navigate Wealth Management LLC’s investment portfolio, making the stock its 25th biggest holding.

A number of other institutional investors have also recently added to or reduced their stakes in IBM. BlackRock Inc. bought a new stake in International Business Machines in the second quarter valued at $21,586,659,000. Bank of America Corp DE acquired a new position in shares of International Business Machines during the second quarter valued at $4,214,868,000. Bank of New York Mellon Corp bought a new position in shares of International Business Machines during the second quarter worth about $2,606,782,000. Legal & General Group Plc bought a new position in shares of International Business Machines during the second quarter worth about $1,874,733,000. Finally, Wellington Management Group LLP increased its holdings in shares of International Business Machines by 2,362.2% in 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 during the period. 58.96% of the stock is currently owned by institutional investors.

More International Business Machines News

Here are the key news stories impacting International Business Machines this week:

• Positive Sentiment: RBC maintained an Outperform rating and set a $270 price target, implying substantial potential upside from current levels. RBC IBM analyst rating
• Positive Sentiment: IBM and Siemens announced research collaboration to advance IBM’s nanostack transistor architecture, potentially strengthening IBM’s position in next-generation semiconductor design and manufacturing. IBM and Siemens nanostack collaboration
• Positive Sentiment: IBM continues to advance its quantum-computing efforts and has reportedly reached Stage C of DARPA’s Quantum Benchmarking Initiative, supporting the company’s long-term AI and quantum technology narrative. DARPA quantum computing stocks
• Positive Sentiment: IBM’s participation in discussions on agentic AI, network security and cyber resilience highlights potential demand for its software and consulting offerings as telecommunications companies adopt AI. Agentic AI and network security

Analyst Upgrades and Downgrades

Several analysts recently weighed in on the stock. Jefferies Financial Group cut their price objective on shares of International Business Machines from $320.00 to $260.00 and set a “buy” rating on the stock in a research report on Tuesday, July 21st. The Goldman Sachs Group set a $270.00 target price on shares of International Business Machines and gave the company a “buy” rating in a research note on Thursday, July 23rd. Evercore decreased their target price on shares of International Business Machines from $310.00 to $250.00 and set an “outperform” rating for the company in a research report on Thursday, July 16th. Susquehanna raised their price target on shares of International Business Machines from $225.00 to $235.00 and gave the company a “neutral” rating in a research note on Monday, August 31st. Finally, Morgan Stanley cut their price target on International Business Machines from $293.00 to $190.00 and set an “equal weight” rating on the stock in a report on Thursday, July 23rd. Eighteen investment analysts have rated the stock with a Buy rating, thirteen have assigned a Hold rating and two have assigned a Sell rating to the company. Based on data from MarketBeat.com, International Business Machines presently has an average rating of “Hold” and a consensus target price of $252.96.

Insider Transactions at International Business Machines

In related news, SVP Robert Thomas sold 25,000 shares of the stock in a transaction dated Wednesday, August 26th. The shares were sold at an average price of $230.32, for a total value of $5,758,000.00. Following the completion of the transaction, the senior vice president owned 47,800 shares in the company, valued at $11,009,296. This represents a 34.34% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. 0.27% of the stock is owned by corporate insiders.

International Business Machines Stock Performance

Shares of NYSE:IBM traded down $1.84 on Wednesday, hitting $228.94. The company’s stock had a trading volume of 1,769,511 shares, compared to its average volume of 7,472,519. International Business Machines Corporation has a 12 month low of $199.19 and a 12 month high of $332.46. The company has a market capitalization of $215.69 billion, a price-to-earnings ratio of 20.32, a price-to-earnings-growth ratio of 2.16 and a beta of 0.73. The stock’s 50-day moving average is $232.22 and its two-hundred day moving average is $243.77. The company has a debt-to-equity ratio of 1.63, a quick ratio of 0.74 and a current ratio of 0.79.

International Business Machines (NYSE:IBM) last issued its quarterly earnings results on Wednesday, July 22nd. The technology company reported $2.93 EPS for the quarter, meeting analysts’ consensus estimates of $2.93. The company had revenue of $17.16 billion for the quarter, compared to analyst estimates of $17.46 billion. International Business Machines had a return on equity of 35.65% and a net margin of 15.52%. The company’s quarterly revenue was up 1.1% compared to the same quarter last year. During the same period last year, the company earned $2.80 earnings per share. On average, equities research analysts forecast that International Business Machines Corporation will post 12.33 EPS for the current year.

International Business Machines Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, September 10th. Investors of record on Monday, August 10th were issued a $1.69 dividend. The ex-dividend date of this dividend was Monday, August 10th. This represents a $6.76 annualized dividend and a yield of 3.0%. International Business Machines’s dividend payout ratio is presently 59.98%.

About International Business Machines

International Business Machines Corporation (NYSE:IBM), commonly known as IBM, is a global technology company that provides hybrid cloud, artificial intelligence, software, consulting and infrastructure solutions. Its offerings help businesses and government organizations manage data, modernize applications, automate processes and improve cybersecurity.

IBM’s portfolio includes the Red Hat hybrid cloud platform, the watsonx suite of artificial intelligence and data tools, consulting services, and enterprise software for areas such as automation, application management, security and asset management.