Destination Wealth Management Acquires 3,489 Shares of International Business Machines Corporation $IBM

Key Points

• Destination Wealth Management boosted its stake in IBM by 101.5% in the third quarter, adding 3,489 shares to hold 6,926 shares worth about $1.95 million.
• IBM beat quarterly expectations with $4.52 EPS (vs. $4.33) and $19.69B revenue (vs. $19.23B), and analysts carry a "Moderate Buy" consensus with a $320.87 target while several firms set targets between $335–$361; the company also pays a $1.68 quarterly dividend (≈2.7% yield).

Destination Wealth Management raised its holdings in shares of International Business Machines Corporation (NYSE:IBM - Free Report) by 101.5% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 6,926 shares of the technology company's stock after buying an additional 3,489 shares during the quarter. Destination Wealth Management's holdings in International Business Machines were worth $1,954,000 as of its most recent SEC filing.

Several other hedge funds also recently modified their holdings of the business. Disciplined Investors L.L.C. acquired a new stake in shares of International Business Machines in the third quarter worth $204,000. Elevation Point Wealth Partners LLC raised its stake in International Business Machines by 57.9% during the 3rd quarter. Elevation Point Wealth Partners LLC now owns 28,591 shares of the technology company's stock valued at $8,067,000 after purchasing an additional 10,487 shares during the last quarter. EagleClaw Capital Managment LLC boosted its holdings in International Business Machines by 0.9% in the 3rd quarter. EagleClaw Capital Managment LLC now owns 19,377 shares of the technology company's stock valued at $5,467,000 after purchasing an additional 166 shares during the period. CSM Advisors LLC boosted its holdings in International Business Machines by 11.1% in the 3rd quarter. CSM Advisors LLC now owns 113,666 shares of the technology company's stock valued at $32,073,000 after purchasing an additional 11,318 shares during the period. Finally, Capitolis Liquid Global Markets LLC grew its position in International Business Machines by 181.8% in the 3rd quarter. Capitolis Liquid Global Markets LLC now owns 232,500 shares of the technology company's stock worth $65,602,000 after purchasing an additional 150,000 shares during the last quarter. 58.96% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of research analysts have recently commented on the stock. Weiss Ratings reaffirmed a "buy (b)" rating on shares of International Business Machines in a research report on Thursday, January 22nd. Argus set a $360.00 target price on International Business Machines in a research report on Friday, January 30th. Royal Bank Of Canada set a $361.00 price target on International Business Machines in a research note on Thursday, January 29th. Wedbush reaffirmed an "outperform" rating and issued a $340.00 price target on shares of International Business Machines in a report on Tuesday, February 24th. Finally, Bank of America raised their price objective on International Business Machines from $315.00 to $335.00 and gave the stock a "buy" rating in a research report on Tuesday, January 13th. One research analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and eight have issued a Hold rating to the company's stock. According to data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $320.87.

International Business Machines Price Performance

Shares of International Business Machines stock opened at $246.37 on Monday. The firm has a market cap of $231.10 billion, a P/E ratio of 22.10, a price-to-earnings-growth ratio of 2.47 and a beta of 0.73. The firm's 50-day simple moving average is $276.81 and its 200-day simple moving average is $284.84. International Business Machines Corporation has a twelve month low of $214.50 and a twelve month high of $324.90. The company has a debt-to-equity ratio of 1.67, a quick ratio of 0.92 and a current ratio of 0.96.

International Business Machines (NYSE:IBM - Get Free Report) last announced its quarterly earnings results on Wednesday, January 28th. The technology company reported $4.52 EPS for the quarter, topping analysts' consensus estimates of $4.33 by $0.19. The firm had revenue of $19.69 billion during the quarter, compared to analysts' expectations of $19.23 billion. International Business Machines had a net margin of 15.69% and a return on equity of 38.15%. The company's revenue for the quarter was up 12.2% compared to the same quarter last year. During the same quarter last year, the company earned $3.92 earnings per share. As a group, research analysts expect that International Business Machines Corporation will post 10.78 EPS for the current fiscal year.

International Business Machines Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, March 10th. Investors of record on Tuesday, February 10th were given a dividend of $1.68 per share. This represents a $6.72 annualized dividend and a dividend yield of 2.7%. The ex-dividend date was Tuesday, February 10th. International Business Machines's dividend payout ratio (DPR) is 60.27%.

Key International Business Machines News

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

• Positive Sentiment: IBM published a practical "quantum‑centric supercomputing" reference architecture that maps how quantum processors can be integrated with CPUs and GPUs — a clear strategic push to own early enterprise quantum and attract research/cloud customers. IBM Releases a New Blueprint for Quantum-Centric Supercomputing
• Positive Sentiment: IBM announced a partnership with Taiwan’s E.SUN Bank to deliver an enterprise AI governance framework — a commercial proof point that could help drive services and consulting revenue in regulated industries. IBM Teams Up With E.SUN Bank on AI Governance
• Positive Sentiment: Analysts continue to call IBM a top large-cap tech name alongside peers, which supports medium-term investor interest despite recent weakness. Analysts Are Bullish on Top Technology Stocks
• Positive Sentiment: Coverage highlights IBM’s "dual‑pronged" strategy (AI/hybrid cloud + quantum) to redefine enterprise computing — reinforces the company’s long-term narrative even as adoption timelines remain gradual. IBM's Dual-Pronged Strategy to Redefine Computing Power
• Neutral Sentiment: IBM’s CFO gave interviews outlining priorities around AI, hybrid cloud and quantum — useful for strategic context but not new guidance. The Motley Fool Interviews IBM CFO Jim Kavanaugh
• Neutral Sentiment: Industry roundups and tech press reiterate IBM’s quantum roadmap and positioning; positive for brand/technology leadership but benefits are multi‑year. IBM Introduces Blueprint to Combine Quantum Computers with Traditional Supercomputers
• Negative Sentiment: Competitive/near‑term threat: Anthropic’s Claude Code announcement (automation for COBOL modernization) has sparked concerns that third‑party AI tools could displace some IBM mainframe/modernization services, and analysts/media point to that as a contributor to the year‑to‑date decline. IBM Has Fallen 16% as Anthropic Puts Them In The Bullseye
• Negative Sentiment: Market reaction: IBM shares slipped around the quantum blueprint release and have been under pressure from technicals (current price below 50‑ and 200‑day moving averages) and lower trading volume, prompting short‑term selling. What's going on with IBM stock on Thursday?

Insider Activity at International Business Machines

In related news, Director Michael Miebach purchased 434 shares of the firm's stock in a transaction that occurred on Wednesday, February 25th. The shares were acquired at an average price of $233.33 per share, with a total value of $101,265.22. Following the purchase, the director directly owned 434 shares in the company, valued at $101,265.22. This represents a ∞ increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, Director David N. Farr purchased 1,000 shares of the stock in a transaction on Friday, January 30th. The stock was bought at an average price of $304.00 per share, for a total transaction of $304,000.00. Following the completion of the transaction, the director directly owned 9,258 shares of the company's stock, valued at approximately $2,814,432. This trade represents a 12.11% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. Insiders have purchased a total of 1,484 shares of company stock valued at $417,157 in the last 90 days. 0.27% of the stock is owned by corporate insiders.

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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