International Business Machines Co. (NYSE:IBM) Shares Bought by Libra Wealth LLC

Libra Wealth LLC grew its holdings in shares of International Business Machines Co. (NYSE:IBM) by 24.7% in the fourth quarter, HoldingsChannel reports. The fund owned 3,732 shares of the technology company’s stock after buying an additional 740 shares during the period. International Business Machines makes up about 0.3% of Libra Wealth LLC’s portfolio, making the stock its 28th largest holding. Libra Wealth LLC’s holdings in International Business Machines were worth $820,000 as of its most recent SEC filing.

A number of other institutional investors also recently added to or reduced their stakes in the business. State Street Corp grew its holdings in shares of International Business Machines by 2.2% in the 3rd quarter. State Street Corp now owns 55,671,883 shares of the technology company’s stock worth $12,307,940,000 after acquiring an additional 1,200,803 shares during the last quarter. FMR LLC lifted its holdings in shares of International Business Machines by 6.0% during the third quarter. FMR LLC now owns 5,195,933 shares of the technology company’s stock valued at $1,148,717,000 after purchasing an additional 294,276 shares during the last quarter. Swiss National Bank lifted its holdings in shares of International Business Machines by 0.5% during the third quarter. Swiss National Bank now owns 2,726,700 shares of the technology company’s stock valued at $602,819,000 after purchasing an additional 12,400 shares during the last quarter. International Assets Investment Management LLC lifted its holdings in shares of International Business Machines by 20,324.5% during the third quarter. International Assets Investment Management LLC now owns 2,715,636 shares of the technology company’s stock valued at $600,373,000 after purchasing an additional 2,702,340 shares during the last quarter. Finally, Holocene Advisors LP purchased a new stake in shares of International Business Machines during the third quarter valued at $573,306,000. Institutional investors and hedge funds own 58.96% of the company’s stock.

Insider Activity

In related news, SVP Nickle Jaclyn Lamoreaux sold 3,600 shares of the business’s stock in a transaction dated Friday, November 8th. The shares were sold at an average price of $215.20, for a total transaction of $774,720.00. Following the transaction, the senior vice president now owns 25,390 shares in the company, valued at $5,463,928. The trade was a 12.42 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Company insiders own 0.07% of the company’s stock.

International Business Machines Trading Up 0.5 %

Shares of IBM stock opened at $225.34 on Wednesday. International Business Machines Co. has a 12-month low of $162.62 and a 12-month high of $239.35. The firm has a market cap of $208.36 billion, a P/E ratio of 32.80, a PEG ratio of 4.78 and a beta of 0.74. The company has a quick ratio of 1.01, a current ratio of 1.06 and a debt-to-equity ratio of 2.16. The company has a 50 day moving average of $224.65 and a 200-day moving average of $213.14.

Wall Street Analysts Forecast Growth

IBM has been the subject of several research analyst reports. StockNews.com downgraded International Business Machines from a “buy” rating to a “hold” rating in a research note on Wednesday, November 20th. Bernstein Bank increased their price objective on International Business Machines from $185.00 to $210.00 and gave the stock a “market perform” rating in a research note on Thursday, October 3rd. JPMorgan Chase & Co. upped their target price on International Business Machines from $227.00 to $233.00 and gave the stock a “neutral” rating in a research report on Thursday, January 23rd. Jefferies Financial Group upped their target price on International Business Machines from $200.00 to $245.00 and gave the stock a “hold” rating in a research report on Monday, October 21st. Finally, Royal Bank of Canada reissued an “outperform” rating and set a $250.00 price objective on shares of International Business Machines in a report on Monday. Two research analysts have rated the stock with a sell rating, nine have issued a hold rating and five have assigned a buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $220.40.

International Business Machines Profile

International Business Machines Corporation, together with its subsidiaries, provides integrated solutions and services worldwide. The company operates through Software, Consulting, Infrastructure, and Financing segments. The Software segment offers a hybrid cloud and AI platforms that allows clients to realize their digital and AI transformations across the applications, data, and environments in which they operate.