International Business Machines Corporation $IBM Stock Purchased by Assenagon Asset Management S.A.

Key Points

• Assenagon Asset Management increased its IBM position by 611.9% in the third quarter, adding 571,332 shares to hold 664,709 shares valued at approximately $146.2 million.
• Institutional investors own nearly 59% of IBM, while the stock recently traded around $234 with a consensus analyst rating of “Moderate Buy” and an average price target of $254.96.
• IBM reported quarterly earnings in line with expectations at $2.93 per share, though revenue fell short of estimates; the company also paid a quarterly dividend of $1.69 per share, representing a 2.9% yield.

Assenagon Asset Management S.A. lifted its holdings in International Business Machines Corporation (NYSE:IBM - Free Report) by 611.9% in the 3rd quarter, according to its most recent 13F filing with the SEC. The firm owned 664,709 shares of the technology company's stock after purchasing an additional 571,332 shares during the quarter. Assenagon Asset Management S.A. owned about 0.07% of International Business Machines worth $146,189,000 as of its most recent SEC filing.

Other large investors have also recently added to or reduced their stakes in the company. Harborfront Financial Group LLC acquired a new stake in shares of International Business Machines in the second quarter valued at about $27,000. Hara Capital LLC acquired a new position in shares of International Business Machines during the 2nd quarter worth approximately $28,000. Bare Financial Services Inc raised its stake in shares of International Business Machines by 114.6% during the 2nd quarter. Bare Financial Services Inc now owns 103 shares of the technology company's stock worth $29,000 after purchasing an additional 55 shares in the last quarter. Portus Wealth Advisors LLC bought a new stake in shares of International Business Machines during the 1st quarter worth approximately $26,000. Finally, Caitlin John LLC acquired a new stake in shares of International Business Machines in the 2nd quarter valued at approximately $35,000. Institutional investors own 58.96% of the company's stock.

International Business Machines Price Performance

Shares of NYSE IBM opened at $234.04 on Friday. The firm has a market cap of $220.50 billion, a P/E ratio of 18.97, a price-to-earnings-growth ratio of 2.17 and a beta of 0.73. The business's 50 day moving average is $232.08 and its 200-day moving average is $243.66. The company has a current ratio of 0.79, a quick ratio of 0.74 and a debt-to-equity ratio of 1.63. International Business Machines Corporation has a 1-year low of $199.19 and a 1-year high of $332.46.

International Business Machines (NYSE:IBM - Get Free Report) last issued its quarterly earnings data on Wednesday, July 22nd. The technology company reported $2.93 EPS for the quarter, meeting analysts' consensus estimates 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 prior year, the firm posted $2.80 EPS. The company's revenue for the quarter was up 1.1% on a year-over-year basis. Equities research analysts predict that International Business Machines Corporation will post 12.33 earnings per share for the current year.

International Business Machines Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, September 10th. Shareholders of record on Monday, August 10th were given a dividend of $1.69 per share. This represents a $6.76 dividend on an annualized basis and a dividend yield of 2.9%. The ex-dividend date was Monday, August 10th. International Business Machines's dividend payout ratio is presently 59.98%.

Insider Activity at International Business Machines

In other news, SVP Robert Thomas sold 25,000 shares of the firm's stock in a transaction that occurred 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 transaction, the senior vice president directly owned 47,800 shares of the company's stock, valued at approximately $11,009,296. This trade represents a 34.34% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Corporate insiders own 0.27% of the company's stock.

Wall Street Analyst Weigh In

A number of brokerages have recently commented on IBM. Argus decreased their price objective on shares of International Business Machines from $360.00 to $280.00 and set a "buy" rating for the company in a research report on Thursday, July 16th. Jefferies Financial Group dropped their target price on shares of International Business Machines from $320.00 to $260.00 and set a "buy" rating on the stock in a report on Tuesday, July 21st. JPMorgan Chase & Co. dropped their target price on shares of International Business Machines from $291.00 to $250.00 and set an "overweight" rating on the stock in a report on Friday, July 17th. Weiss Ratings upgraded shares of International Business Machines from a "hold (c+)" rating to a "buy (b-)" rating in a research note on Wednesday. Finally, Piper Sandler upgraded International Business Machines to an "overweight" rating in a report on Tuesday, June 23rd. Nineteen analysts have rated the stock with a Buy rating, twelve have issued a Hold rating and two have assigned a Sell rating to the company. According to MarketBeat, International Business Machines presently has a consensus rating of "Moderate Buy" and an average price target of $254.96.

International Business Machines News Summary

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

• Positive Sentiment: Potential earnings beat: Bank of America expects IBM to modestly exceed third-quarter estimates, while maintaining its 2026 outlook. The bank reiterated a “buy” rating and $280 price target, citing higher-margin software growth, improving profitability and strong free cash flow. IBM poised for modest third-quarter beat, says Bank of America
• Positive Sentiment: Analyst support: Morgan Stanley raised its IBM price target from $190 to $238, although it retained an “equal weight” rating. Royal Bank of Canada also reaffirmed its “outperform” rating, providing additional support ahead of earnings.
• Positive Sentiment: Semiconductor research collaboration: IBM and Siemens are working together to advance IBM’s nanostack transistor architecture. Siemens will contribute electronic-design automation, process simulation and manufacturing expertise, potentially strengthening IBM’s long-term semiconductor and technology prospects. IBM and Siemens Collaborate on Research to Advance Nanostack Architecture
• Neutral Sentiment: AI governance demand: IBM reported that 80% of surveyed EMEA executives had escalated an AI-related incident to their board or C-suite. The findings highlight a growing need for AI governance, cybersecurity and compliance services, but also show that many organizations are not yet prepared for autonomous AI agents. IBM Study on AI Incidents and Governance
• Negative Sentiment: Dividend and balance-sheet concerns: IBM’s century-long record of annual dividend increases is being tested by token-sized raises, rising debt and concerns that shareholder payouts could compete with funding for AI investments. IBM Dividend and Debt Concerns
• Negative Sentiment: Cash-flow quality and execution risks: Analysts note that much of IBM’s first-half operating-cash-flow improvement came from movements in financing receivables rather than clearly sustainable growth. Investors also remain focused on competition, margin pressure and whether AI and hybrid-cloud expansion can justify IBM’s premium valuation.

International Business Machines Company Profile

International Business Machines Corporation NYSE: IBM, commonly known as IBM, is a global technology company that provides hybrid cloud, artificial intelligence, software, consulting and infrastructure solutions. Its offerings help businesses and government organizations manage data, modernize applications, automate processes and improve cybersecurity.

IBM's portfolio includes the Red Hat hybrid cloud platform, the watsonx suite of artificial intelligence and data tools, consulting services, and enterprise software for areas such as automation, application management, security and asset management.

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