Mitsubishi UFJ Kokusai Asset Management Co. Ltd. raised its position in International Business Machines Corporation (NYSE:IBM) by 4.0% during the first quarter, Holdings Channel reports. The fund owned 159,256 shares of the technology company’s stock after buying an additional 6,093 shares during the period. Mitsubishi UFJ Kokusai Asset Management Co. Ltd.’s holdings in International Business Machines Corporation were worth $27,733,000 at the end of the most recent quarter.

Several other large investors have also made changes to their positions in IBM. Asset Management One Co. Ltd. raised its stake in shares of International Business Machines Corporation by 1,629.0% in the fourth quarter. Asset Management One Co. Ltd. now owns 1,573,373 shares of the technology company’s stock worth $261,234,000 after buying an additional 1,482,372 shares during the last quarter. Good Life Advisors LLC acquired a new stake in shares of International Business Machines Corporation during the fourth quarter worth $220,000. Sii Investments Inc. WI raised its stake in shares of International Business Machines Corporation by 2.5% in the fourth quarter. Sii Investments Inc. WI now owns 24,733 shares of the technology company’s stock worth $4,098,000 after buying an additional 615 shares during the last quarter. Brown Advisory Inc. raised its stake in shares of International Business Machines Corporation by 1.8% in the fourth quarter. Brown Advisory Inc. now owns 314,843 shares of the technology company’s stock worth $52,260,000 after buying an additional 5,625 shares during the last quarter. Finally, Gyroscope Capital Management Group LLC raised its stake in shares of International Business Machines Corporation by 1.3% in the fourth quarter. Gyroscope Capital Management Group LLC now owns 6,698 shares of the technology company’s stock worth $1,112,000 after buying an additional 84 shares during the last quarter. Hedge funds and other institutional investors own 58.16% of the company’s stock.

International Business Machines Corporation (NYSE IBM) opened at 153.01 on Tuesday. International Business Machines Corporation has a 1-year low of $147.79 and a 1-year high of $182.79. The company has a market cap of $143.75 billion, a PE ratio of 12.58 and a beta of 0.98. The firm’s 50-day moving average is $153.09 and its 200 day moving average is $166.62.

International Business Machines Corporation (NYSE:IBM) last issued its quarterly earnings results on Tuesday, April 18th. The technology company reported $2.38 earnings per share for the quarter, topping the Zacks’ consensus estimate of $2.35 by $0.03. International Business Machines Corporation had a return on equity of 74.46% and a net margin of 14.62%. The business had revenue of $18.16 billion for the quarter, compared to analyst estimates of $18.37 billion. During the same quarter in the previous year, the firm earned $2.35 earnings per share. The company’s revenue was down 2.8% on a year-over-year basis. Analysts predict that International Business Machines Corporation will post $13.68 earnings per share for the current fiscal year.

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A number of equities research analysts have recently weighed in on IBM shares. Vetr upgraded shares of International Business Machines Corporation from a “sell” rating to a “buy” rating and set a $185.08 price objective for the company in a report on Tuesday, March 21st. Argus restated a “buy” rating and issued a $192.00 price objective (up from $185.00) on shares of International Business Machines Corporation in a report on Wednesday, March 22nd. Berenberg Bank started coverage on shares of International Business Machines Corporation in a report on Tuesday, April 4th. They issued a “sell” rating and a $140.00 price objective for the company. Sanford C. Bernstein restated a “market perform” rating and issued a $150.00 price objective on shares of International Business Machines Corporation in a report on Tuesday, April 11th. Finally, Cantor Fitzgerald restated a “hold” rating and issued a $166.00 price objective on shares of International Business Machines Corporation in a report on Thursday, April 13th. Eight research analysts have rated the stock with a sell rating, eighteen have assigned a hold rating and six have given a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and a consensus price target of $161.89.

In other International Business Machines Corporation news, Director James W. Owens purchased 1,718 shares of the company’s stock in a transaction dated Tuesday, May 16th. The shares were acquired at an average price of $153.19 per share, for a total transaction of $263,180.42. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.23% of the stock is currently owned by insiders.

International Business Machines Corporation Company 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 Corporation (NYSE:IBM)

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