Danica Pension Livsforsikringsaktieselskab Purchases New Stake in International Business Machines Corporation $IBM

Danica Pension Livsforsikringsaktieselskab bought a new stake in shares of International Business Machines Corporation (NYSE:IBM) during the 1st quarter, HoldingsChannel reports. The firm bought 64,692 shares of the technology company’s stock, valued at approximately $15,681,000.

A number of other large investors also recently made changes to their positions in the business. Brighton Jones LLC boosted its stake in shares of International Business Machines by 12.4% during the 4th quarter. Brighton Jones LLC now owns 21,011 shares of the technology company’s stock valued at $4,619,000 after buying an additional 2,323 shares during the period. Sivia Capital Partners LLC increased its stake in shares of International Business Machines by 10.6% in the second quarter. Sivia Capital Partners LLC now owns 1,938 shares of the technology company’s stock worth $571,000 after acquiring an additional 186 shares during the last quarter. Jump Financial LLC purchased a new stake in shares of International Business Machines during the second quarter worth $211,000. Ieq Capital LLC raised its holdings in shares of International Business Machines by 2.2% during the second quarter. Ieq Capital LLC now owns 38,617 shares of the technology company’s stock worth $11,383,000 after acquiring an additional 843 shares in the last quarter. Finally, Vivaldi Capital Management LP boosted its position in International Business Machines by 11.6% during the second quarter. Vivaldi Capital Management LP now owns 1,017 shares of the technology company’s stock valued at $300,000 after purchasing an additional 106 shares during the last quarter. Institutional investors and hedge funds own 58.96% of the company’s stock.

International Business Machines Price Performance

NYSE IBM opened at $210.44 on Wednesday. International Business Machines Corporation has a fifty-two week low of $204.44 and a fifty-two week high of $332.46. The stock’s 50-day moving average is $263.44 and its two-hundred day moving average is $262.05. The firm has a market cap of $197.79 billion, a P/E ratio of 18.61, a price-to-earnings-growth ratio of 2.30 and a beta of 0.68. The company has a debt-to-equity ratio of 1.75, a current ratio of 0.80 and a quick ratio of 0.76.

International Business Machines (NYSE:IBM) last released its quarterly earnings results on Wednesday, April 22nd. The technology company reported $1.91 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.81 by $0.10. The company had revenue of $15.92 billion during the quarter, compared to the consensus estimate of $15.60 billion. International Business Machines had a return on equity of 37.23% and a net margin of 15.61%.The firm’s revenue was up 9.5% on a year-over-year basis. During the same quarter in the prior year, the company posted $1.60 EPS. On average, analysts anticipate that International Business Machines Corporation will post 12.21 earnings per share for the current fiscal year.

Key International Business Machines News

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

• Positive Sentiment: Potential upside from AI, cloud, cybersecurity, and consulting demand, which some analysts still expect to support future revenue growth.
• Neutral Sentiment: IBM’s expanded quantum-computing collaboration with Singapore’s military, which could be strategically positive but is unlikely to move near-term results by itself. IBM (IBM) Stock Declines Despite Singapore Military Quantum Computing Partnership Expansion
• Neutral Sentiment: Investor attention ahead of the full Q2 earnings report, with traders watching for management’s commentary on pipeline strength, software growth, and dividend durability. IBM to Report Full Q2 Results After its Historic Stock Crash – Here’s What Investors Will Watch
• Negative Sentiment: Legal investigations from shareholder-rights firms following the guidance cut and stock plunge, which can keep sentiment weak and increase headline risk. International Business Machines Corporation (IBM) Securities Investigation Notice – Levi & Korsinsky
• Negative Sentiment: Concerns that IBM’s recent earnings scare may indicate weaker execution and pressure on the company’s dividend and growth story. After Its Earnings Scare, Is IBM’s Dividend Still Safe?

Analyst Upgrades and Downgrades

IBM has been the topic of several research reports. Morgan Stanley upped their target price on International Business Machines from $267.00 to $293.00 and gave the stock an “equal weight” rating in a research report on Tuesday, July 14th. Wolfe Research lowered International Business Machines to a “peer perform” rating in a report on Tuesday, June 23rd. KeyCorp cut International Business Machines to a “sector weight” rating in a research note on Tuesday, June 23rd. Wedbush set a $350.00 price objective on International Business Machines in a report on Tuesday, June 2nd. Finally, Argus cut their price objective on shares of International Business Machines from $360.00 to $280.00 and set a “buy” rating on the stock in a research report on Thursday, July 16th. Fifteen equities research analysts have rated the stock with a Buy rating, ten have issued a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $278.68.

About International Business Machines

International Business Machines Corporation (IBM) is a global technology and consulting company headquartered in Armonk, New York. Founded in 1911 as the Computing-Tabulating-Recording Company (CTR) and renamed IBM in 1924, the company has evolved from early electromechanical machines to a diversified technology provider serving enterprises and governments worldwide. IBM is publicly traded on the New York Stock Exchange under the ticker symbol IBM.

IBM’s principal businesses encompass cloud computing and software, infrastructure and systems, consulting and technology services, and research and development.