Murphy Pohlad Asset Management LLC lowered its holdings in shares of International Business Machines Corporation (NYSE:IBM) by 35.9% during the 2nd quarter, according to the company in its most recent filing with the SEC. The fund owned 5,972 shares of the technology company’s stock after selling 3,340 shares during the period. Murphy Pohlad Asset Management LLC’s holdings in International Business Machines Corporation were worth $918,000 as of its most recent filing with the SEC.

Several other hedge funds have also added to or reduced their stakes in the stock. State Street Corp boosted its position in International Business Machines Corporation by 0.4% during the 1st quarter. State Street Corp now owns 51,198,962 shares of the technology company’s stock valued at $8,915,788,000 after buying an additional 181,993 shares during the period. Schwab Charles Investment Management Inc. boosted its position in International Business Machines Corporation by 3.0% during the 2nd quarter. Schwab Charles Investment Management Inc. now owns 4,651,213 shares of the technology company’s stock valued at $715,497,000 after buying an additional 134,862 shares during the period. Sumitomo Mitsui Trust Holdings Inc. boosted its position in International Business Machines Corporation by 1.3% during the 1st quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 2,719,932 shares of the technology company’s stock valued at $473,649,000 after buying an additional 34,936 shares during the period. LSV Asset Management boosted its position in International Business Machines Corporation by 2.3% during the 1st quarter. LSV Asset Management now owns 2,578,404 shares of the technology company’s stock valued at $449,003,000 after buying an additional 59,030 shares during the period. Finally, APG Asset Management N.V. boosted its position in International Business Machines Corporation by 11.6% during the 2nd quarter. APG Asset Management N.V. now owns 2,527,501 shares of the technology company’s stock valued at $388,805,000 after buying an additional 261,720 shares during the period. 57.88% of the stock is currently owned by institutional investors.

IBM has been the subject of several analyst reports. Stifel Nicolaus reissued a “buy” rating and set a $182.00 price target on shares of International Business Machines Corporation in a research report on Friday, July 21st. Cantor Fitzgerald reissued a “hold” rating and set a $154.00 price target on shares of International Business Machines Corporation in a research report on Friday, October 13th. BidaskClub raised shares of International Business Machines Corporation from a “strong sell” rating to a “sell” rating in a research report on Saturday, August 26th. Goldman Sachs Group, Inc. (The) set a $170.00 price target on shares of International Business Machines Corporation and gave the company a “neutral” rating in a research report on Wednesday, October 18th. Finally, Vetr raised shares of International Business Machines Corporation from a “sell” rating to a “hold” rating and set a $150.26 price target for the company in a research report on Monday, July 3rd. Eight research analysts have rated the stock with a sell rating, seventeen have issued a hold rating and ten have given a buy rating to the stock. The company currently has a consensus rating of “Hold” and a consensus target price of $158.90.

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Shares of International Business Machines Corporation (NYSE IBM) opened at 154.36 on Tuesday. The stock has a 50 day moving average of $148.84 and a 200-day moving average of $150.32. The company has a market capitalization of $143.46 billion, a price-to-earnings ratio of 12.88 and a beta of 0.95. International Business Machines Corporation has a 52 week low of $139.13 and a 52 week high of $182.79.

International Business Machines Corporation (NYSE:IBM) last posted its quarterly earnings data on Tuesday, October 17th. The technology company reported $3.30 earnings per share (EPS) for the quarter, beating 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 firm had revenue of $19.15 billion for the quarter, compared to the consensus estimate of $18.63 billion. During the same quarter in the prior year, the company posted $3.29 earnings per share. The company’s revenue for the quarter was down .4% compared to the same quarter last year. On average, analysts anticipate that International Business Machines Corporation will post $13.80 EPS for the current year.

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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