Castlekeep Investment Advisors LLC Takes $1.26 Million Position in International Business Machines Corporation $IBM

Castlekeep Investment Advisors LLC bought a new position in International Business Machines Corporation (NYSE:IBM - Free Report) in the second quarter, according to the company in its most recent disclosure with the SEC. The fund bought 4,472 shares of the technology company's stock, valued at approximately $1,258,000. International Business Machines accounts for about 0.6% of Castlekeep Investment Advisors LLC's investment portfolio, making the stock its 24th largest position.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Basepoint Wealth LLC bought a new stake in shares of International Business Machines during the 4th quarter valued at about $25,000. Cornerstone Financial Management LLC purchased a new stake in International Business Machines during the fourth quarter valued at approximately $28,000. Harborfront Financial Group LLC bought a new stake in shares of International Business Machines during the 2nd quarter valued at $27,000. Hara Capital LLC purchased a new position in International Business Machines during the second quarter valued at $28,000. Finally, SWAN Capital LLC bought a new position in shares of International Business Machines during the 3rd quarter valued at approximately $28,000. 58.96% of the stock is currently owned by hedge funds and other institutional investors.

Trending Headlines about International Business Machines

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

• Positive Sentiment: IBM, Cleveland Clinic and Japan’s RIKEN advanced to the finals for the 2026 ACM Gordon Bell Prize after using quantum and classical computing to model a 12,635-atom protein. The achievement highlights IBM’s potential in quantum-centric supercomputing and life-sciences research. Cleveland Clinic, RIKEN and IBM Team Advance to Finals for 2026 ACM Gordon Bell Prize
• Positive Sentiment: An Evercore ISI analyst argued that IBM’s quantum-computing initiatives are effectively being valued at little or nothing in the current stock price, suggesting potential upside if the technology advances commercially. Is IBM’s selloff an opportunity? Here’s one case for the beaten-down stock.
• Neutral Sentiment: IBM shares were reported slightly higher ahead of the latest session, but the update offered no new fundamental catalyst. A separate comparison of IBM and Applied Digital focused on financial metrics rather than a specific IBM business development. IBM stock heads into the open after a 0.08 percent gain
• Negative Sentiment: The main pressure remains concern over a slowdown in IBM Z product activity. The resulting selloff prompted a securities-law investigation announcement, reinforcing investor worries about demand and execution in IBM’s core infrastructure business. IBM Shares Fall Following IBM Z Product Slowdown
• Negative Sentiment: Evercore warned that capital moving into anticipated AI initial public offerings could lead investors to sell existing holdings, placing IBM among stocks vulnerable to portfolio rotation. Evercore Warns AI IPOs Could Pressure IBM

Insider Transactions at International Business Machines

In related news, SVP Robert Thomas sold 25,000 shares of the stock in a transaction on Wednesday, August 26th. The shares were sold at an average price of $230.32, for a total transaction of $5,758,000.00. Following the sale, the senior vice president directly owned 47,800 shares of the company's stock, valued at approximately $11,009,296. This represents a 34.34% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Company insiders own 0.27% of the company's stock.

Analysts Set New Price Targets

IBM has been the subject of several recent analyst reports. Jefferies Financial Group dropped their price target on International Business Machines from $320.00 to $260.00 and set a "buy" rating for the company in a research note on Tuesday, July 21st. Craig Hallum assumed coverage on International Business Machines in a research report on Wednesday, August 19th. They issued a "buy" rating on the stock. Sanford C. Bernstein reaffirmed a "market perform" rating on shares of International Business Machines in a research note on Thursday, July 16th. Bank of America raised their target price on shares of International Business Machines from $315.00 to $330.00 and gave the company a "buy" rating in a report on Monday, July 6th. Finally, Wall Street Zen upgraded shares of International Business Machines from a "sell" rating to a "hold" rating in a research report on Saturday, August 29th. Sixteen research analysts have rated the stock with a Buy rating, eleven have assigned a Hold rating and one has issued a Sell rating to the company's stock. Based on data from MarketBeat, International Business Machines currently has a consensus rating of "Moderate Buy" and a consensus target price of $265.90.

International Business Machines Stock Down 1.2%

NYSE:IBM opened at $232.02 on Wednesday. The company's 50-day simple moving average is $239.81 and its 200-day simple moving average is $246.65. International Business Machines Corporation has a fifty-two week low of $199.19 and a fifty-two week high of $332.46. The stock has a market capitalization of $218.59 billion, a P/E ratio of 20.59, a P/E/G ratio of 2.24 and a beta of 0.71. 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 (NYSE:IBM - Get Free Report) last released its earnings results on Wednesday, July 22nd. The technology company reported $2.93 earnings per share for the quarter, hitting the consensus estimate of $2.93. International Business Machines had a net margin of 15.52% and a return on equity of 35.65%. The company had revenue of $17.16 billion for the quarter, compared to the consensus estimate of $17.46 billion. During the same quarter in the previous year, the firm earned $2.80 EPS. International Business Machines's revenue was up 1.1% compared to the same quarter last year. On average, equities analysts anticipate that International Business Machines Corporation will post 12.33 earnings per share for the current fiscal year.

International Business Machines Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, September 10th. Stockholders of record on Monday, August 10th will be issued a dividend of $1.69 per share. This represents a $6.76 annualized dividend and a dividend yield of 2.9%. The ex-dividend date of this dividend 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 that provides enterprise-focused hardware, software and services. Its offerings include hybrid cloud solutions, artificial intelligence, data and automation software, cybersecurity tools, IT infrastructure and technology consulting.

IBM develops and supports enterprise systems such as IBM Z mainframes, Power servers and storage products. Its software portfolio includes Red Hat hybrid cloud technologies, the watsonx platform for artificial intelligence and data management, application integration tools and cybersecurity solutions.

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