International Business Machines Co. (NYSE:IBM) Shares Sold by Asahi Life Asset Management CO. LTD.

Asahi Life Asset Management CO. LTD. trimmed its holdings in International Business Machines Co. (NYSE:IBMGet Rating) by 4.1% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 42,919 shares of the technology company’s stock after selling 1,843 shares during the quarter. International Business Machines accounts for about 1.6% of Asahi Life Asset Management CO. LTD.’s portfolio, making the stock its 24th biggest holding. Asahi Life Asset Management CO. LTD.’s holdings in International Business Machines were worth $5,099,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently bought and sold shares of IBM. Vestmark Advisory Solutions Inc. lifted its stake in International Business Machines by 23.3% during the second quarter. Vestmark Advisory Solutions Inc. now owns 12,009 shares of the technology company’s stock valued at $1,695,000 after buying an additional 2,268 shares in the last quarter. Summit Financial Strategies Inc. lifted its stake in International Business Machines by 9.1% during the third quarter. Summit Financial Strategies Inc. now owns 1,850 shares of the technology company’s stock valued at $220,000 after buying an additional 154 shares in the last quarter. Allspring Global Investments Holdings LLC lifted its stake in International Business Machines by 115.5% during the third quarter. Allspring Global Investments Holdings LLC now owns 285,974 shares of the technology company’s stock valued at $33,975,000 after buying an additional 153,267 shares in the last quarter. Sawtooth Solutions LLC lifted its stake in International Business Machines by 30.9% during the second quarter. Sawtooth Solutions LLC now owns 10,483 shares of the technology company’s stock valued at $1,480,000 after buying an additional 2,477 shares in the last quarter. Finally, SkyOak Wealth LLC lifted its stake in International Business Machines by 16.3% during the third quarter. SkyOak Wealth LLC now owns 9,703 shares of the technology company’s stock valued at $1,153,000 after buying an additional 1,357 shares in the last quarter. 55.90% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at International Business Machines

In other International Business Machines news, VP Bene Robert F. Del sold 3,000 shares of the stock in a transaction that occurred on Tuesday, November 22nd. The stock was sold at an average price of $148.36, for a total transaction of $445,080.00. Following the transaction, the vice president now owns 14,553 shares in the company, valued at $2,159,083.08. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Corporate insiders own 0.04% of the company’s stock.

International Business Machines Stock Performance

IBM stock traded down $1.35 during midday trading on Wednesday, hitting $140.14. 652,496 shares of the company traded hands, compared to its average volume of 3,787,862. International Business Machines Co. has a twelve month low of $115.54 and a twelve month high of $153.21. The company has a quick ratio of 0.89, a current ratio of 0.95 and a debt-to-equity ratio of 2.23. The business has a 50 day simple moving average of $144.62 and a 200-day simple moving average of $135.50. The stock has a market capitalization of $126.70 billion, a price-to-earnings ratio of 103.28, a price-to-earnings-growth ratio of 2.66 and a beta of 0.89.

Analyst Upgrades and Downgrades

A number of research firms have commented on IBM. Moffett Nathanson raised shares of International Business Machines from an “underperform” rating to a “market perform” rating and set a $140.00 price objective for the company in a research note on Thursday, January 19th. StockNews.com lowered shares of International Business Machines from a “buy” rating to a “hold” rating in a research report on Friday, October 21st. Credit Suisse Group reduced their price target on shares of International Business Machines from $158.00 to $155.00 and set an “outperform” rating for the company in a research report on Thursday, October 20th. Bank of America reduced their price target on shares of International Business Machines from $155.00 to $145.00 in a research report on Tuesday, October 18th. Finally, Stifel Nicolaus increased their price target on shares of International Business Machines from $140.00 to $158.00 and gave the stock a “buy” rating in a research report on Monday. One investment analyst has rated the stock with a sell rating, five have given a hold rating and three have given a buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $142.30.

International Business Machines Profile

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International Business Machines Corporation provides integrated solutions and services worldwide. The company operates through four business segments: Software, Consulting, Infrastructure, and Financing. The Software segment offers hybrid cloud platform and software solutions, such as Red Hat, an enterprise open-source solutions; software for business automation, AIOps and management, integration, and application servers; data and artificial intelligence solutions; and security software and services for threat, data, and identity.

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Institutional Ownership by Quarter for International Business Machines (NYSE:IBM)

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