Assenagon Asset Management S.A. Decreases Stake in International Business Machines Corporation $IBM

Key Points

• Assenagon Asset Management cut its IBM stake by 56% in the second quarter, selling 119,044 shares and retaining 93,377 shares valued at approximately $26.3 million. Institutional investors overall own 58.96% of IBM.
• Analysts remain broadly positive, with a “Moderate Buy” consensus and an average price target of $265.40, although several firms recently lowered their targets. IBM’s latest quarterly results matched EPS expectations at $2.93, while revenue of $17.16 billion fell short of estimates.
• IBM declared a quarterly dividend of $1.69 per share, equivalent to $6.76 annually and a 2.9% yield. The company’s AI-governance and government-cloud offerings provide potential growth, but declining legacy infrastructure revenue and legal investigations add risk.

Assenagon Asset Management S.A. reduced its position in International Business Machines Corporation (NYSE:IBM - Free Report) by 56.0% in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 93,377 shares of the technology company's stock after selling 119,044 shares during the period. Assenagon Asset Management S.A.'s holdings in International Business Machines were worth $26,259,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently modified their holdings of the business. Brighton Jones LLC increased its position in International Business Machines by 12.4% during the fourth quarter. Brighton Jones LLC now owns 21,011 shares of the technology company's stock worth $4,619,000 after buying an additional 2,323 shares in the last quarter. Sivia Capital Partners LLC boosted its stake in shares of International Business Machines by 10.6% during the second quarter. Sivia Capital Partners LLC now owns 1,938 shares of the technology company's stock valued at $571,000 after acquiring an additional 186 shares during the last quarter. Jump Financial LLC purchased a new stake in International Business Machines during the 2nd quarter worth about $211,000. Ieq Capital LLC boosted its stake in shares of International Business Machines by 2.2% during the 2nd quarter. Ieq Capital LLC now owns 38,617 shares of the technology company's stock worth $11,383,000 after purchasing an additional 843 shares during the last quarter. Finally, Vivaldi Capital Management LP boosted its stake in shares of International Business Machines by 11.6% during the 2nd quarter. Vivaldi Capital Management LP now owns 1,017 shares of the technology company's stock worth $300,000 after purchasing an additional 106 shares during the last quarter. Hedge funds and other institutional investors own 58.96% of the company's stock.

Analyst Upgrades and Downgrades

A number of analysts recently issued reports on IBM shares. Citigroup decreased their target price on shares of International Business Machines from $255.00 to $245.00 and set a "buy" rating on the stock in a research report on Friday, July 24th. JPMorgan Chase & Co. cut their price target on International Business Machines from $291.00 to $250.00 and set an "overweight" rating for the company in a report on Friday, July 17th. Barclays dropped their target price on International Business Machines from $288.00 to $262.00 and set an "overweight" rating for the company in a research note on Thursday, July 23rd. Needham & Company LLC began coverage on shares of International Business Machines in a research report on Wednesday, June 3rd. They issued a "buy" rating on the stock. Finally, Oppenheimer downgraded shares of International Business Machines from an "outperform" rating to a "market perform" rating in a report on Wednesday, July 15th. Fifteen equities research analysts have rated the stock with a Buy rating, eleven have given a Hold rating and one has given a Sell rating to the company's stock. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average target price of $265.40.

Trending Headlines about International Business Machines

Here are the key news stories impacting International Business Machines this week:

• Positive Sentiment: IBM previewed Apptio AI Value & ROI, a tool designed to track AI spending—including token costs—and connect it with business outcomes. The offering could help enterprises justify AI investments and strengthen IBM’s position in AI governance and FinOps software. IBM previews Apptio AI Value & ROI to track AI spend and results
• Positive Sentiment: IBM’s Maximo Application Suite as a Service received FedRAMP Moderate authorization, allowing U.S. federal agencies to use its cloud-based asset-management tools in regulated environments. The approval may expand IBM’s government-cloud opportunity and provide a credibility boost for its software business. IBM Secures FedRAMP Moderate Authorization For Maximo
• Neutral Sentiment: Recent commentary describes IBM as a high-risk, mixed setup: software growth is strong, but declining mainframe sales and the aftermath of the earnings-related selloff could limit the rebound. Investors are weighing whether the recovery reflects value or unresolved operational risk. IBM’s Post-Collapse Rebound: A Complex Risk Reward Profile
• Negative Sentiment: Hagens Berman, Bleichmar Fonti & Auld, and Pomerantz announced investigations related to IBM’s reported financial disclosures and the severe post-earnings decline. These announcements do not establish wrongdoing, but they add legal uncertainty, reputational risk and potential shareholder-claim exposure. IBM Securities Fraud Investigation is Ongoing Pomerantz IBM investor investigation
• Negative Sentiment: Kyndryl reported ongoing IBM-related revenue declines, underscoring potential headwinds in legacy infrastructure and services. That weakness contrasts with IBM’s software momentum and may reinforce concerns about the company’s transition away from older businesses. Kyndryl earnings call highlights

International Business Machines Price Performance

IBM stock opened at $237.08 on Monday. The firm has a market cap of $223.36 billion, a P/E ratio of 21.04, a price-to-earnings-growth ratio of 2.33 and a beta of 0.70. The company has a debt-to-equity ratio of 1.63, a quick ratio of 0.74 and a current ratio of 0.79. International Business Machines Corporation has a 1 year low of $199.19 and a 1 year high of $332.46. The stock has a 50-day simple moving average of $258.59 and a 200-day simple moving average of $254.94.

International Business Machines (NYSE:IBM - Get Free Report) last released its quarterly earnings results on Wednesday, July 22nd. The technology company reported $2.93 EPS for the quarter, hitting the consensus estimate of $2.93. International Business Machines had a return on equity of 35.65% and a net margin of 15.52%.The firm had revenue of $17.16 billion for the quarter, compared to analyst estimates of $17.46 billion. During the same period in the previous year, the company posted $2.80 EPS. International Business Machines's revenue for the quarter was up 1.1% on a year-over-year basis. On average, equities analysts predict that International Business Machines Corporation will post 12.33 earnings per share for the current fiscal year.

International Business Machines Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, September 10th. Investors of record on Monday, August 10th will be paid a $1.69 dividend. This represents a $6.76 dividend on an annualized basis and a dividend yield of 2.9%. The ex-dividend date is Monday, August 10th. International Business Machines's payout ratio is 59.98%.

International Business Machines Profile

International Business Machines Corporation (IBM) is a global technology and consulting company headquartered in Armonk, New York. Founded in 1911 as the Computing-Tabulating-Recording Company (CTR) and renamed IBM in 1924, the company has evolved from early electromechanical machines to a diversified technology provider serving enterprises and governments worldwide. IBM is publicly traded on the New York Stock Exchange under the ticker symbol IBM.

IBM's principal businesses encompass cloud computing and software, infrastructure and systems, consulting and technology services, and research and development.

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