Candriam Luxembourg S.C.A. increased its holdings in International Business Machines Corporation (NYSE:IBM) by 4.4% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 76,428 shares of the technology company’s stock after buying an additional 3,189 shares during the period. Candriam Luxembourg S.C.A.’s holdings in International Business Machines Corporation were worth $11,757,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in IBM. Harbour Capital Advisors LLC raised its position in shares of International Business Machines Corporation by 14,730.9% in the second quarter. Harbour Capital Advisors LLC now owns 483,488 shares of the technology company’s stock valued at $3,143,000 after buying an additional 480,228 shares in the last quarter. Bank of Nova Scotia raised its position in shares of International Business Machines Corporation by 668.8% in the first quarter. Bank of Nova Scotia now owns 492,007 shares of the technology company’s stock valued at $85,677,000 after buying an additional 428,011 shares in the last quarter. AQR Capital Management LLC raised its position in shares of International Business Machines Corporation by 31.9% in the first quarter. AQR Capital Management LLC now owns 1,531,243 shares of the technology company’s stock valued at $266,651,000 after buying an additional 370,700 shares in the last quarter. DekaBank Deutsche Girozentrale raised its position in shares of International Business Machines Corporation by 70.6% in the first quarter. DekaBank Deutsche Girozentrale now owns 646,799 shares of the technology company’s stock valued at $112,830,000 after buying an additional 267,588 shares in the last quarter. Finally, APG Asset Management N.V. raised its position in shares of International Business Machines Corporation by 11.6% in the second 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 in the last quarter. Institutional investors own 57.88% of the company’s stock.

Shares of International Business Machines Corporation (IBM) opened at 147.10 on Friday. The company has a market cap of $137.09 billion, a PE ratio of 12.21 and a beta of 0.95. The company has a 50 day moving average of $145.23 and a 200 day moving average of $152.02. 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 announced its quarterly earnings results on Tuesday, July 18th. The technology company reported $2.97 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.74 by $0.23. The business had revenue of $19.29 billion for the quarter, compared to analyst estimates of $19.45 billion. International Business Machines Corporation had a net margin of 14.58% and a return on equity of 71.53%. The company’s revenue was down 4.7% on a year-over-year basis. During the same quarter last year, the firm earned $2.95 EPS. On average, analysts expect that International Business Machines Corporation will post $13.75 EPS for the current year.

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IBM has been the subject of a number of analyst reports. Credit Suisse Group reiterated an “underperform” rating and issued a $110.00 price target (down from $125.00) on shares of International Business Machines Corporation in a research report on Monday, July 17th. UBS AG restated a “neutral” rating and set a $159.00 price objective (down from $167.00) on shares of International Business Machines Corporation in a research report on Saturday, July 22nd. Jefferies Group LLC restated a “sell” rating and set a $125.00 price objective on shares of International Business Machines Corporation in a research report on Thursday, September 21st. Vetr downgraded shares of International Business Machines Corporation from a “buy” rating to a “hold” rating and set a $150.68 price objective for the company. in a research report on Monday, July 24th. Finally, Berenberg Bank restated a “sell” rating and set a $125.00 price objective on shares of International Business Machines Corporation in a research report on Friday, July 21st. Seven equities research analysts have rated the stock with a sell rating, seventeen have issued a hold rating and nine have issued a buy rating to the company’s stock. International Business Machines Corporation presently has a consensus rating of “Hold” and an average target price of $157.12.

About International Business Machines Corporation

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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