Natixis Advisors LLC Increases Position in International Business Machines Corporation (NYSE:IBM)

Key Points

• Natixis Advisors LLC increased its stake in International Business Machines Corporation by 26.9%, owning over 655,000 shares valued at approximately $163 million.
• Institutional investors hold 58.96% of IBM's stock, with notable increases from firms such as Capital World Investors, which grew its holdings by 413.5%.
• Analysts rate IBM as a "Moderate Buy" with a consensus target price of $268.75, reflecting mixed opinions with one sell rating, eight hold ratings, and nine buy ratings.

Natixis Advisors LLC grew its position in shares of International Business Machines Corporation (NYSE:IBM - Free Report) by 26.9% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 655,541 shares of the technology company's stock after purchasing an additional 139,023 shares during the period. Natixis Advisors LLC owned approximately 0.07% of International Business Machines worth $163,007,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. MinichMacGregor Wealth Management LLC bought a new position in shares of International Business Machines during the first quarter valued at about $396,000. Treasurer of the State of North Carolina raised its stake in International Business Machines by 0.8% in the fourth quarter. Treasurer of the State of North Carolina now owns 495,574 shares of the technology company's stock worth $108,942,000 after buying an additional 4,131 shares in the last quarter. Left Brain Wealth Management LLC raised its stake in International Business Machines by 1,547.8% in the first quarter. Left Brain Wealth Management LLC now owns 17,664 shares of the technology company's stock worth $4,392,000 after buying an additional 16,592 shares in the last quarter. Alpha Cubed Investments LLC grew its holdings in International Business Machines by 47.0% in the first quarter. Alpha Cubed Investments LLC now owns 7,507 shares of the technology company's stock worth $1,867,000 after purchasing an additional 2,399 shares during the period. Finally, Wedbush Securities Inc. grew its holdings in International Business Machines by 5.6% in the first quarter. Wedbush Securities Inc. now owns 62,067 shares of the technology company's stock worth $15,434,000 after purchasing an additional 3,276 shares during the period. 58.96% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of research firms have recently commented on IBM. Wedbush increased their price target on shares of International Business Machines from $300.00 to $325.00 and gave the company an "outperform" rating in a report on Friday, June 20th. Bank of America dropped their target price on shares of International Business Machines from $320.00 to $310.00 and set a "buy" rating on the stock in a report on Thursday, July 24th. UBS Group raised their target price on shares of International Business Machines from $195.00 to $200.00 and gave the stock a "sell" rating in a report on Thursday, July 24th. BMO Capital Markets raised their target price on shares of International Business Machines from $260.00 to $300.00 and gave the stock a "market perform" rating in a report on Friday, July 18th. Finally, Morgan Stanley dropped their target price on shares of International Business Machines from $237.00 to $233.00 and set an "equal weight" rating on the stock in a report on Thursday, April 24th. One analyst has rated the stock with a sell rating, eight have issued a hold rating, nine have assigned a buy rating and two have issued a strong buy rating to the company's stock. According to data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $268.75.

International Business Machines Stock Down 1.2%

IBM stock traded down $3.12 during trading on Friday, hitting $250.03. 9,664,181 shares of the company's stock traded hands, compared to its average volume of 4,685,853. The firm has a market capitalization of $232.38 billion, a P/E ratio of 40.59, a PEG ratio of 4.02 and a beta of 0.69. The business has a fifty day simple moving average of $277.37 and a two-hundred day simple moving average of $256.88. The company has a quick ratio of 0.87, a current ratio of 0.91 and a debt-to-equity ratio of 2.00. International Business Machines Corporation has a 1 year low of $181.81 and a 1 year high of $296.16.

International Business Machines (NYSE:IBM - Get Free Report) last announced its earnings results on Wednesday, July 23rd. The technology company reported $2.80 earnings per share for the quarter, beating the consensus estimate of $2.65 by $0.15. The company had revenue of $16.98 billion during the quarter, compared to the consensus estimate of $16.58 billion. International Business Machines had a net margin of 9.11% and a return on equity of 37.62%. International Business Machines's revenue was up 7.7% compared to the same quarter last year. During the same period last year, the firm earned $2.43 earnings per share. Sell-side analysts anticipate that International Business Machines Corporation will post 10.78 EPS for the current year.

About International Business Machines

International Business Machines Corporation, together with its subsidiaries, provides integrated solutions and services worldwide. The company operates through Software, Consulting, Infrastructure, and Financing segments. The Software segment offers a hybrid cloud and AI platforms that allows clients to realize their digital and AI transformations across the applications, data, and environments in which they operate.