Aveo Capital Partners LLC raised its position in shares of International Business Machines Corporation (NYSE:IBM) by 1.5% during the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 1,453 shares of the technology company’s stock after acquiring an additional 22 shares during the quarter. Aveo Capital Partners LLC’s holdings in International Business Machines Corporation were worth $224,000 at the end of the most recent quarter.

A number of other institutional investors have also recently bought and sold shares of the business. CKW Financial Group boosted its position in International Business Machines Corporation by 0.3% during the 2nd quarter. CKW Financial Group now owns 941 shares of the technology company’s stock valued at $146,000 after acquiring an additional 3 shares in the last quarter. K.J. Harrison & Partners Inc boosted its position in International Business Machines Corporation by 0.4% during the 1st quarter. K.J. Harrison & Partners Inc now owns 1,955 shares of the technology company’s stock valued at $340,000 after acquiring an additional 7 shares in the last quarter. Arthur M. Cohen & Associates LLC boosted its position in International Business Machines Corporation by 0.5% during the 1st quarter. Arthur M. Cohen & Associates LLC now owns 1,362 shares of the technology company’s stock valued at $237,000 after acquiring an additional 7 shares in the last quarter. Milestone Group Inc. boosted its position in International Business Machines Corporation by 0.4% during the 2nd quarter. Milestone Group Inc. now owns 2,244 shares of the technology company’s stock valued at $345,000 after acquiring an additional 8 shares in the last quarter. Finally, Gilbert & Cook Inc. boosted its position in International Business Machines Corporation by 0.6% during the 1st quarter. Gilbert & Cook Inc. now owns 2,151 shares of the technology company’s stock valued at $375,000 after acquiring an additional 12 shares in the last quarter. 57.84% of the stock is currently owned by institutional investors and hedge funds.

Shares of International Business Machines Corporation (IBM) opened at 160.90 on Friday. International Business Machines Corporation has a 52 week low of $139.13 and a 52 week high of $182.79. The firm’s 50-day moving average is $146.43 and its 200-day moving average is $151.43. The stock has a market capitalization of $149.95 billion, a price-to-earnings ratio of 13.35 and a beta of 0.95.

International Business Machines Corporation (NYSE:IBM) last posted its quarterly earnings data on Tuesday, October 17th. The technology company reported $3.30 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $3.28 by $0.02. International Business Machines Corporation had a net margin of 14.43% and a return on equity of 68.68%. The business had revenue of $19.15 billion during the quarter, compared to the consensus estimate of $18.63 billion. During the same period in the previous year, the firm posted $3.29 earnings per share. The business’s revenue for the quarter was down .4% compared to the same quarter last year. Analysts forecast that International Business Machines Corporation will post $13.80 earnings per share for the current fiscal year.

Several analysts have weighed in on IBM shares. Vetr raised International Business Machines Corporation from a “hold” rating to a “buy” rating and set a $159.56 price objective on the stock in a research report on Monday, July 10th. Drexel Hamilton reaffirmed a “buy” rating and set a $200.00 price objective on shares of International Business Machines Corporation in a research report on Tuesday, July 18th. Standpoint Research raised International Business Machines Corporation from a “hold” rating to a “buy” rating in a research report on Wednesday, July 19th. Stifel Nicolaus reaffirmed a “buy” rating and set a $182.00 price objective on shares of International Business Machines Corporation in a research report on Friday, July 21st. Finally, Argus reaffirmed a “buy” rating and set a $175.00 price objective (down from $192.00) on shares of International Business Machines Corporation in a research report on Friday, July 21st. Eight equities research analysts have rated the stock with a sell rating, eighteen have given a hold rating and eight have assigned a buy rating to the stock. International Business Machines Corporation presently has an average rating of “Hold” and an average price target of $157.90.

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International Business Machines Corporation 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.

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

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