Munich Reinsurance Co Stock Corp in Munich Acquires New Position in International Business Machines Corporation $IBM

Key Points

• Munich Re bought a new position of 62,931 IBM shares in the third quarter, valued at about $17.76 million.
• Other major institutions shifted positions too — Vanguard, State Street and Geode increased stakes while Norges Bank opened a roughly $2.01 billion position — leaving institutional investors with about 58.96% ownership of IBM.
• Analysts rate IBM a Moderate Buy with an average target of $320.87; the company recently beat quarterly EPS and revenue estimates, announced a $1.68 quarterly dividend (2.6% yield), and reported AI/quantum partnerships and contract wins that support its growth case.

Munich Reinsurance Co Stock Corp in Munich bought a new position in International Business Machines Corporation (NYSE:IBM - Free Report) in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor bought 62,931 shares of the technology company's stock, valued at approximately $17,757,000.

A number of other institutional investors also recently modified their holdings of IBM. Vanguard Group Inc. increased its stake in shares of International Business Machines by 0.8% in the third quarter. Vanguard Group Inc. now owns 95,776,307 shares of the technology company's stock worth $27,024,243,000 after acquiring an additional 724,832 shares during the last quarter. State Street Corp boosted its position in International Business Machines by 0.3% during the second quarter. State Street Corp now owns 54,536,963 shares of the technology company's stock valued at $16,076,406,000 after purchasing an additional 147,721 shares during the last quarter. Geode Capital Management LLC grew its stake in International Business Machines by 1.9% in the second quarter. Geode Capital Management LLC now owns 21,936,235 shares of the technology company's stock valued at $6,444,527,000 after purchasing an additional 400,131 shares in the last quarter. Legal & General Group Plc grew its stake in International Business Machines by 3.4% in the second quarter. Legal & General Group Plc now owns 7,126,503 shares of the technology company's stock valued at $2,100,751,000 after purchasing an additional 234,318 shares in the last quarter. Finally, Norges Bank acquired a new position in International Business Machines in the 2nd quarter worth about $2,011,122,000. Institutional investors and hedge funds own 58.96% of the company's stock.

Analyst Upgrades and Downgrades

Several equities research analysts have recently issued reports on IBM shares. Erste Group Bank lowered International Business Machines from a "buy" rating to a "hold" rating in a report on Wednesday, February 18th. DZ Bank raised shares of International Business Machines to a "hold" rating in a research report on Wednesday, February 11th. UBS Group upgraded shares of International Business Machines from a "sell" rating to a "neutral" rating and set a $236.00 target price for the company in a research note on Wednesday, February 25th. Argus set a $360.00 target price on shares of International Business Machines in a research report on Friday, January 30th. Finally, Oppenheimer set a $380.00 price target on shares of International Business Machines and gave the company an "outperform" rating in a report on Thursday, January 29th. One investment analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating and eight have given a Hold rating to the stock. According to data from MarketBeat.com, International Business Machines presently has an average rating of "Moderate Buy" and an average target price of $320.87.

More International Business Machines News

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

• Positive Sentiment: IBM Research co-led the experimental creation and characterization of a never-before-seen "half‑Möbius" molecule, using a quantum‑computer + supercomputer workflow — a Science publication that showcases IBM’s quantum R&D leadership and the real scientific utility of its quantum stack (positive for long‑term differentiation and IP). IBM Uses Quantum-Supercomputer Combo to Model Newly Discovered Half-Möbius Molecule
• Positive Sentiment: IBM announced a partnership to integrate Deepgram’s speech‑to‑text / text‑to‑speech into watsonx Orchestrate, strengthening IBM’s enterprise voice and generative‑AI offerings and improving product competitiveness in conversational automation use cases. International Business Machines Corporation (IBM) Partners With Deepgram to Support Its Generative AI Solution
• Positive Sentiment: Reports detail new AI contracts and board expansion (including a reported US$112M Defense Commissary Agency electronic‑shelf‑label modernization deal and two new directors), which investors view as concrete revenue/contract wins and governance support for growth in AI services. IBM and University Researchers Create a Never-Before-Seen Molecule and Prove its Exotic Nature with Quantum Computing
• Positive Sentiment: Industry research named IBM among leaders in the Data Integration market (multi‑cloud platforms, AI‑driven data pipelines), reinforcing its enterprise software and services positioning where recurring revenue and cross‑sell matter. Data Integration Company Evaluation Report 2025
• Positive Sentiment: Analyst attention (UBS upgrade), insider buying and recent earnings beats have drawn investor focus back to IBM’s valuation and AI strategy, supporting near‑term sentiment. A Look At IBM (IBM) Valuation After UBS Upgrade Insider Buying And Solid Earnings
• Neutral Sentiment: Macro/industry coverage on AI "creative destruction" highlights structural tailwinds for AI infrastructure and services — a supportive backdrop but not an IBM‑specific catalyst today. Wall Street Sees AI’s ‘Creative Destruction’ Coming For Entire Companies
• Neutral Sentiment: Other quantum industry moves (e.g., Pasqal pursuing a SPAC) and startups scaling enterprise AI (Ivo) are market context — potential competition or validation of demand but not immediate IBM news. Pasqal plans public debut with Bleichroeder in $2bn SPAC deal
• Negative Sentiment: Some coverage flags valuation and legacy exposure risks (mainframe sensitivity) and notes a recent pullback in share performance despite upgrades — reminders that investor optimism over AI/quantum must be balanced against near‑term earnings mix and valuation. A Look At IBM (IBM) Valuation After UBS Upgrade Insider Buying And Solid Earnings

International Business Machines Stock Up 0.6%

IBM opened at $258.19 on Friday. The business has a 50 day moving average price of $281.73 and a 200 day moving average price of $283.99. 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. The firm has a market cap of $242.19 billion, a P/E ratio of 23.16, a price-to-earnings-growth ratio of 2.57 and a beta of 0.73.

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, beating the consensus estimate of $4.33 by $0.19. International Business Machines had a return on equity of 38.15% and a net margin of 15.69%.The company had revenue of $19.69 billion for the quarter, compared to the consensus estimate of $19.23 billion. During the same quarter last year, the company posted $3.92 earnings per share. The company's revenue for the quarter was up 12.2% compared to the same quarter last year. Research analysts forecast that International Business Machines Corporation will post 10.78 EPS for the current year.

International Business Machines Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, March 10th. Investors of record on Tuesday, February 10th will be paid a $1.68 dividend. The ex-dividend date is Tuesday, February 10th. This represents a $6.72 dividend on an annualized basis and a yield of 2.6%. International Business Machines's dividend payout ratio (DPR) is presently 60.27%.

Insiders Place Their Bets

In other news, Director Michael Miebach purchased 434 shares of the firm's stock in a transaction on Wednesday, February 25th. The stock was bought at an average cost of $233.33 per share, for a total transaction of $101,265.22. Following the completion of the acquisition, the director directly owned 434 shares of the company's stock, valued at approximately $101,265.22. The trade was a ∞ increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director David N. Farr purchased 1,000 shares of the stock in a transaction dated Friday, January 30th. The stock was acquired at an average cost of $304.00 per share, for a total transaction of $304,000.00. Following the completion of the transaction, the director owned 9,258 shares of the company's stock, valued at $2,814,432. The trade was a 12.11% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. Insiders purchased a total of 1,484 shares of company stock worth $417,157 over the last quarter. 0.18% of the stock is currently owned by company insiders.

About International Business Machines

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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