Danske Bank A S Makes New $149.85 Million Investment in International Business Machines Corporation $IBM

Danske Bank A S acquired a new stake in International Business Machines Corporation (NYSE:IBM - Free Report) in the second quarter, according to the company in its most recent Form 13F filing with the SEC. The fund acquired 532,875 shares of the technology company's stock, valued at approximately $149,850,000. Danske Bank A S owned 0.06% of International Business Machines as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. Basepoint Wealth LLC acquired a new stake in shares of International Business Machines in the fourth quarter valued at approximately $25,000. Portus Wealth Advisors LLC bought a new position in International Business Machines during the 1st quarter worth $26,000. Harborfront Financial Group LLC bought a new position in International Business Machines during the 2nd quarter worth $27,000. Cornerstone Financial Management LLC acquired a new position in International Business Machines in the 4th quarter valued at $28,000. Finally, SWAN Capital LLC acquired a new position in International Business Machines in the 3rd quarter valued at $28,000. Institutional investors and hedge funds own 58.96% of the company's stock.

International Business Machines Trading Up 1.0%

NYSE IBM opened at $234.00 on Friday. The company has a quick ratio of 0.74, a current ratio of 0.79 and a debt-to-equity ratio of 1.63. International Business Machines Corporation has a twelve month low of $199.19 and a twelve month high of $332.46. The company has a market cap of $220.46 billion, a price-to-earnings ratio of 20.76, a price-to-earnings-growth ratio of 2.21 and a beta of 0.71. The business's fifty day moving average is $242.40 and its 200 day moving average is $247.21.

International Business Machines (NYSE:IBM - Get Free Report) last posted its earnings results on Wednesday, July 22nd. The technology company reported $2.93 EPS for the quarter, meeting 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 during the quarter, compared to the consensus estimate of $17.46 billion. During the same period last year, the company earned $2.80 earnings per share. The business's quarterly revenue was up 1.1% on a year-over-year basis. As a group, sell-side analysts expect that International Business Machines Corporation will post 12.33 EPS for the current fiscal year.

International Business Machines Announces Dividend

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

Key Stories Impacting International Business Machines

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

• Positive Sentiment: Quantum-computing advances support IBM’s growth narrative. IBM reportedly achieved a 25-fold throughput improvement, reinforcing its position in quantum hardware and software and adding to investor enthusiasm around emerging technology opportunities. Quantum Computing News: IBM Hits 25x Throughput Gain, RGTI Shows Up to 100x Speedup
• Positive Sentiment: Valuation and shareholder returns are attracting buyers. One analysis says IBM may trade below estimates of intrinsic value based on discounted cash flow, earnings and cash-flow multiples. Its long-term return, sizable dividend and reported $1.69-per-share distribution strengthen the income and value case. IBM Stock Could Be Below Fair Value Despite Cautious Broader Checks
• Positive Sentiment: AI and strategic investments broaden IBM’s growth prospects. IBM remains a favored long-term AI stock among retail investors, while IBM Ventures’ investment in physics-acceleration company BQP provides additional exposure to advanced computing. IBM Ventures Backs Physics Acceleration Firm BQP
• Neutral Sentiment: IBM’s latest trading-session advance reflected broader market strength, but the company’s shares remain below both their 50-day and 200-day moving averages, indicating that technical momentum is still mixed. IBM Beats Stock Market Upswing
• Negative Sentiment: A law-firm investigation adds headline and litigation risk. Bleichmar Fonti & Auld announced an investigation into potential misrepresentations concerning IBM’s business deal pace. The inquiry does not establish wrongdoing, but it could pressure the stock if additional claims or weak bookings emerge. IBM Under Investigation for Securities Fraud

Insider Activity at International Business Machines

In other news, SVP Robert Thomas sold 25,000 shares of the company's stock in a transaction on Wednesday, August 26th. The shares were sold at an average price of $230.32, for a total value 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 position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Corporate insiders own 0.27% of the company's stock.

Wall Street Analysts Forecast Growth

Several analysts have recently issued reports on IBM shares. Robert W. Baird began coverage on International Business Machines in a report on Tuesday, July 21st. They set a "neutral" rating and a $230.00 target price on the stock. Susquehanna boosted their price target on International Business Machines from $225.00 to $235.00 and gave the company a "neutral" rating in a research note on Monday. Oppenheimer downgraded shares of International Business Machines from an "outperform" rating to a "market perform" rating in a research note on Wednesday, July 15th. Piper Sandler raised shares of International Business Machines to an "overweight" rating in a report on Tuesday, June 23rd. Finally, Wolfe Research cut shares of International Business Machines to a "peer perform" rating in a research report on Tuesday, June 23rd. Sixteen analysts have rated the stock with a Buy rating, eleven have given a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average price target of $265.90.

About International Business Machines

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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