Tokio Marine Asset Management Co. Ltd. Grows Stake in International Business Machines Corporation (NYSE:IBM)

Key Points

• Tokio Marine Asset Management Co. Ltd. increased its stake in International Business Machines Corporation (IBM) by 6.5%, holding 28,212 shares valued at $7,015,000 after purchasing an additional 1,732 shares.
• Other hedge funds, such as Capital World Investors and GAMMA Investing LLC, also significantly raised their positions in IBM, highlighting increased institutional interest in the company.
• Despite mixed analyst ratings, IBM's average target price is set at $268.75, with recent earnings surpassing estimates and a year-over-year revenue increase of 7.7%.

Tokio Marine Asset Management Co. Ltd. lifted its stake in International Business Machines Corporation (NYSE:IBM - Free Report) by 6.5% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 28,212 shares of the technology company's stock after purchasing an additional 1,732 shares during the quarter. Tokio Marine Asset Management Co. Ltd.'s holdings in International Business Machines were worth $7,015,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds also recently bought and sold shares of IBM. Capital World Investors raised its holdings in International Business Machines by 413.5% in the fourth quarter. Capital World Investors now owns 11,984,609 shares of the technology company's stock worth $2,634,577,000 after buying an additional 9,650,534 shares during the last quarter. GAMMA Investing LLC increased its position in shares of International Business Machines by 29,564.2% during the first quarter. GAMMA Investing LLC now owns 4,399,790 shares of the technology company's stock valued at $10,940,520,000 after acquiring an additional 4,384,958 shares in the last quarter. Nuveen LLC purchased a new position in International Business Machines in the 1st quarter worth approximately $960,386,000. Northern Trust Corp raised its holdings in International Business Machines by 18.6% in the 4th quarter. Northern Trust Corp now owns 10,845,993 shares of the technology company's stock worth $2,384,275,000 after acquiring an additional 1,704,209 shares during the last quarter. Finally, Castlekeep Investment Advisors LLC bought a new position in International Business Machines in the 4th quarter valued at approximately $302,564,000. Institutional investors own 58.96% of the company's stock.

Analyst Ratings Changes

IBM has been the subject of a number of research analyst reports. UBS Group lifted their target price on International Business Machines from $195.00 to $200.00 and gave the stock a "sell" rating in a report on Thursday, July 24th. Melius Research raised International Business Machines to a "strong-buy" rating in a research report on Monday, July 7th. Wedbush boosted their target price on International Business Machines from $300.00 to $325.00 and gave the stock an "outperform" rating in a research report on Friday, June 20th. Morgan Stanley lowered 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 research note on Thursday, April 24th. Finally, Stifel Nicolaus lifted their price target on shares of International Business Machines from $290.00 to $310.00 and gave the stock a "buy" rating in a research note on Wednesday, July 16th. One equities 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 given a strong buy rating to the stock. Based on data from MarketBeat.com, International Business Machines currently has an average rating of "Moderate Buy" and an average target price of $268.75.

International Business Machines Stock Performance

NYSE:IBM opened at $234.41 on Wednesday. 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 50-day simple moving average of $274.96 and a two-hundred day simple moving average of $258.39. The firm has a market capitalization of $217.86 billion, a PE ratio of 38.05, a P/E/G ratio of 3.65 and a beta of 0.69. International Business Machines Corporation has a 52-week low of $189.21 and a 52-week high of $296.16.

International Business Machines (NYSE:IBM - Get Free Report) last announced its quarterly earnings data on Wednesday, July 23rd. The technology company reported $2.80 earnings per share (EPS) for the quarter, beating analysts' consensus estimates 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 return on equity of 37.62% and a net margin of 9.11%. The firm's revenue was up 7.7% on a year-over-year basis. During the same period in the previous year, the company posted $2.43 EPS. Analysts forecast 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.

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