Malaga Cove Capital LLC purchased a new stake in shares of International Business Machines Corporation (NYSE:IBM - Free Report) in the first quarter, according to its most recent disclosure with the SEC. The firm purchased 1,300 shares of the technology company's stock, valued at approximately $323,000.
A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Christopher J. Hasenberg Inc acquired a new stake in shares of International Business Machines during the 1st quarter valued at $27,000. SSA Swiss Advisors AG acquired a new stake in shares of International Business Machines during the 1st quarter valued at $28,000. Measured Risk Portfolios Inc. acquired a new stake in shares of International Business Machines during the 4th quarter valued at $43,000. Park Square Financial Group LLC acquired a new stake in shares of International Business Machines during the 4th quarter valued at $43,000. Finally, Mascagni Wealth Management Inc. acquired a new stake in shares of International Business Machines during the 4th quarter valued at $43,000. 58.96% of the stock is owned by institutional investors.
International Business Machines Stock Down 1.2%
Shares of NYSE IBM traded down $3.12 during mid-day trading on Friday, reaching $250.03. The company had a trading volume of 9,664,181 shares, compared to its average volume of 5,517,749. International Business Machines Corporation has a twelve month low of $181.81 and a twelve month high of $296.16. The company has a debt-to-equity ratio of 2.00, a quick ratio of 0.87 and a current ratio of 0.91. The stock has a market capitalization of $232.38 billion, a PE ratio of 40.59, a price-to-earnings-growth ratio of 3.86 and a beta of 0.69. The stock's 50 day moving average is $277.20 and its 200-day moving average is $257.61.
International Business Machines (NYSE:IBM - Get Free Report) last posted its quarterly earnings results on Wednesday, July 23rd. The technology company reported $2.80 earnings per share for the quarter, topping analysts' consensus estimates of $2.65 by $0.15. International Business Machines had a net margin of 9.11% and a return on equity of 37.62%. The business had revenue of $16.98 billion for the quarter, compared to the consensus estimate of $16.58 billion. During the same period in the prior year, the business posted $2.43 earnings per share. International Business Machines's revenue for the quarter was up 7.7% compared to the same quarter last year. As a group, equities analysts anticipate that International Business Machines Corporation will post 10.78 earnings per share for the current fiscal year.
Wall Street Analyst Weigh In
IBM has been the subject of a number of recent research reports. UBS Group increased their price objective on International Business Machines from $195.00 to $200.00 and gave the company a "sell" rating in a research report on Thursday, July 24th. Jefferies Financial Group restated a "hold" rating on shares of International Business Machines in a report on Wednesday, April 23rd. Melius Research upgraded International Business Machines to a "strong-buy" rating in a report on Monday, July 7th. JPMorgan Chase & Co. increased their target price on International Business Machines from $244.00 to $290.00 and gave the company a "neutral" rating in a report on Thursday, July 24th. Finally, Wall Street Zen upgraded International Business Machines from a "hold" rating to a "buy" rating in a report on Saturday, July 26th. One research analyst has rated the stock with a sell rating, eight have assigned a hold rating, nine have given a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat, International Business Machines presently has a consensus rating of "Moderate Buy" and an average target price of $268.75.
Check Out Our Latest Stock Analysis on IBM
About International Business Machines
(
Free Report)
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.
See Also

Before you consider International Business Machines, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and International Business Machines wasn't on the list.
While International Business Machines currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Wondering where to start (or end) with AI stocks? These 10 simple stocks can help investors build long-term wealth as artificial intelligence continues to grow into the future.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.