Private Vista LLC increased its holdings in shares of International Business Machines Corp. (NYSE:IBM) by 23.8% during the 3rd quarter, Holdings Channel reports. The institutional investor owned 8,211 shares of the technology company’s stock after purchasing an additional 1,580 shares during the period. Private Vista LLC’s holdings in International Business Machines were worth $1,191,000 as of its most recent SEC filing.

A number of other hedge funds have also made changes to their positions in the stock. Vanguard Group Inc. grew its stake in International Business Machines by 3.7% during the 2nd quarter. Vanguard Group Inc. now owns 62,228,040 shares of the technology company’s stock valued at $9,572,538,000 after purchasing an additional 2,241,818 shares during the last quarter. Nordea Investment Management AB grew its stake in International Business Machines by 151.2% during the 2nd quarter. Nordea Investment Management AB now owns 3,250,047 shares of the technology company’s stock valued at $499,955,000 after purchasing an additional 1,956,033 shares during the last quarter. Janus Henderson Group PLC grew its stake in International Business Machines by 1,155.3% during the 2nd quarter. Janus Henderson Group PLC now owns 1,358,103 shares of the technology company’s stock valued at $208,923,000 after purchasing an additional 1,249,916 shares during the last quarter. BlackRock Inc. grew its stake in International Business Machines by 2.4% during the 2nd quarter. BlackRock Inc. now owns 52,936,360 shares of the technology company’s stock valued at $8,143,204,000 after purchasing an additional 1,241,441 shares during the last quarter. Finally, Canada Pension Plan Investment Board grew its stake in International Business Machines by 157.2% during the 3rd quarter. Canada Pension Plan Investment Board now owns 1,287,090 shares of the technology company’s stock valued at $186,731,000 after purchasing an additional 786,749 shares during the last quarter. Hedge funds and other institutional investors own 57.11% of the company’s stock.

Several equities analysts have recently issued reports on the company. Royal Bank of Canada reissued a “hold” rating on shares of International Business Machines in a report on Friday, October 13th. Zacks Investment Research cut International Business Machines from a “hold” rating to a “sell” rating in a report on Tuesday, December 19th. BMO Capital Markets reissued a “market perform” rating and issued a $170.00 price objective (up previously from $167.00) on shares of International Business Machines in a report on Wednesday, October 18th. JPMorgan Chase & Co. set a $157.00 price objective on International Business Machines and gave the company a “neutral” rating in a report on Wednesday, October 18th. Finally, Citigroup boosted their price objective on International Business Machines from $160.00 to $165.00 and gave the company a “neutral” rating in a report on Wednesday, October 18th. Eight analysts have rated the stock with a sell rating, sixteen have issued a hold rating and twelve have assigned a buy rating to the company’s stock. The stock has an average rating of “Hold” and a consensus price target of $160.01.

International Business Machines Corp. (IBM) opened at $163.83 on Wednesday. The firm has a market capitalization of $151,670.00, a PE ratio of 13.68, a P/E/G ratio of 2.36 and a beta of 0.94. International Business Machines Corp. has a fifty-two week low of $139.13 and a fifty-two week high of $182.79. The company has a quick ratio of 1.36, a current ratio of 1.41 and a debt-to-equity ratio of 2.09.

International Business Machines (NYSE:IBM) last released its quarterly earnings results on Tuesday, October 17th. The technology company reported $3.30 earnings per share for the quarter, topping analysts’ consensus estimates of $3.28 by $0.02. The company had revenue of $19.15 billion during the quarter, compared to analysts’ expectations of $18.63 billion. International Business Machines had a return on equity of 68.68% and a net margin of 14.43%. International Business Machines’s quarterly revenue was down .4% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $3.29 EPS. analysts forecast that International Business Machines Corp. will post 13.78 earnings per share for the current fiscal year.

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International Business Machines 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 (NYSE:IBM)

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