International Business Machines Corporation $IBM Stock Acquired by Pinnacle Associates Ltd.

Key Points

• Pinnacle Associates increased its IBM stake by 4% in the third quarter, adding 6,438 shares for a total of 167,210 shares valued at approximately $36.8 million.
• Institutional investors own 58.96% of IBM’s stock, while insider ownership is just 0.27%; IBM senior vice president Robert Thomas separately sold 25,000 shares for about $5.8 million.
• Analysts maintain a generally favorable outlook, with a consensus “Moderate Buy” rating and a $255.76 price target, though upcoming earnings and concerns about revenue growth and deal execution remain important catalysts.

Pinnacle Associates Ltd. increased its holdings in International Business Machines Corporation (NYSE:IBM - Free Report) by 4.0% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 167,210 shares of the technology company's stock after acquiring an additional 6,438 shares during the quarter. Pinnacle Associates Ltd.'s holdings in International Business Machines were worth $36,775,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. BlackRock Inc. purchased a new position in International Business Machines during the 2nd quarter worth $21,586,659,000. State Street Corp increased its stake in International Business Machines by 2.7% in the second quarter. State Street Corp now owns 56,045,055 shares of the technology company's stock valued at $15,760,430,000 after purchasing an additional 1,450,562 shares during the period. Bank of America Corp DE purchased a new stake in shares of International Business Machines in the second quarter valued at about $4,214,868,000. Bank of New York Mellon Corp purchased a new stake in shares of International Business Machines in the second quarter valued at about $2,606,782,000. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its stake in shares of International Business Machines by 0.7% during the second quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 7,621,512 shares of the technology company's stock worth $2,143,245,000 after buying an additional 53,388 shares during the period. Hedge funds and other institutional investors own 58.96% of the company's stock.

Insider Activity

In related news, SVP Robert Thomas sold 25,000 shares of the stock in a transaction dated 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 completion of the transaction, the senior vice president directly owned 47,800 shares of the company's stock, valued at $11,009,296. This represents a 34.34% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this link. 0.27% of the stock is currently owned by company insiders.

Key Headlines Impacting International Business Machines

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

• Positive Sentiment: Enterprise AI momentum: IBM Ventures invested in Leena AI, whose software automates HR, IT and finance processes through autonomous AI agents. The investment supports IBM’s broader effort to capture enterprise spending as customers move from AI assistants to end-to-end workflow automation. IBM Ventures Invests in Leena AI
• Positive Sentiment: Open-source AI infrastructure: IBM and partners including Red Hat, Google Cloud, CoreWeave and NVIDIA introduced llm-d 1.0, a production-focused platform designed to make large-language-model inference more scalable and cost efficient. The project could strengthen IBM’s position in hybrid cloud and enterprise AI deployments. llm-d 1.0 Advances Open, Cost-Efficient AI Inference
• Positive Sentiment: Software and cybersecurity support: Analysts point to IBM’s software division—particularly hybrid cloud, automation and Red Hat—as the company’s key growth and profit engine. IBM’s Logiq Consulting acquisition also expands its cybersecurity reach in the U.K. defense and regulated markets. IBM's Logiq Consulting Acquisition
• Neutral Sentiment: Earnings are the immediate catalyst: Options markets imply a potentially large post-earnings move, while investors want evidence that delayed deals closed, software growth accelerated and management’s full-year outlook remains achievable. IBM Q3 Earnings Options Move
• Negative Sentiment: Execution concerns remain: IBM’s previous quarter missed revenue expectations, and software growth was reportedly driven largely by acquisitions while organic software revenue was flat. A weak outlook or continued deal deferrals could reverse the current optimism. IBM Reports October 21

Wall Street Analysts Forecast Growth

A number of equities analysts recently issued reports on IBM shares. Susquehanna raised their price target on International Business Machines from $225.00 to $235.00 and gave the stock a "neutral" rating in a report on Monday, August 31st. Yorkville Ives started coverage on International Business Machines in a research report on Monday, October 5th. They issued an "outperform" rating and a $275.00 price target on the stock. Piper Sandler raised International Business Machines to an "overweight" rating in a research note on Tuesday, June 23rd. JPMorgan Chase & Co. decreased their price objective on International Business Machines from $291.00 to $250.00 and set an "overweight" rating for the company in a research report on Friday, July 17th. Finally, Oppenheimer downgraded International Business Machines from an "outperform" rating to a "market perform" rating in a research note on Wednesday, July 15th. Twenty equities research analysts have rated the stock with a Buy rating, twelve have assigned a Hold rating and two have assigned a Sell rating to the stock. According to MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $255.76.

International Business Machines Stock Up 2.5%

Shares of International Business Machines stock opened at $242.21 on Wednesday. The company has a market cap of $228.19 billion, a P/E ratio of 21.49, a PEG ratio of 2.27 and a beta of 0.73. 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 one year low of $199.19 and a one year high of $332.46. The firm has a fifty day moving average of $232.07 and a two-hundred day moving average of $243.58.

International Business Machines (NYSE:IBM - Get Free Report) last released its earnings results on Wednesday, July 22nd. The technology company reported $2.93 EPS for the quarter, hitting the consensus estimate of $2.93. The company had revenue of $17.16 billion during the quarter, compared to analysts' expectations of $17.46 billion. International Business Machines had a net margin of 15.52% and a return on equity of 35.65%. The business's revenue was up 1.1% on a year-over-year basis. During the same quarter last year, the business earned $2.80 EPS. On average, analysts forecast that International Business Machines Corporation will post 12.34 earnings per share for the current year.

International Business Machines Company Profile

International Business Machines Corporation NYSE: IBM, commonly known as IBM, is a global technology and consulting company that helps organizations modernize their information technology and business operations. Its offerings include hybrid cloud solutions, artificial intelligence software and services, enterprise software, IT infrastructure, cybersecurity, data analytics, and technology consulting.

IBM provides products and services to businesses, governments, and other institutions across industries and regions worldwide.

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