Rep. Josh Gottheimer Sells Off Shares of International Business Machines Corporation (NYSE:IBM)

Key Points

• Representative Josh Gottheimer sold shares of International Business Machines Corporation (NYSE:IBM) worth between $1,001 and $15,000 on July 25th.
• The stock of IBM is currently down 0.8%, with a market cap of $217.86 billion and an earnings report showing a 7.7% year-over-year revenue increase to $16.98 billion.
• Recent hedge fund activity includes Capital World Investors increasing its stake by 413.5% and GAMMA Investing LLC increasing its stake by an unprecedented 29,564.2%.

Representative Josh Gottheimer (D-New Jersey) recently sold shares of International Business Machines Corporation NYSE: IBM. In a filing disclosed on August 11th, the Representative disclosed that they had sold between $1,001 and $15,000 in International Business Machines stock on July 25th. The trade occurred in the Representative's "MORGAN STANLEY - SELECT UMA ACCOUNT # 1" account.

Representative Josh Gottheimer also recently made the following trade(s):

• Sold $1,001 - $15,000 in shares of Walmart NYSE: WMT on 7/28/2025.
• Sold $1,001 - $15,000 in shares of Natera NASDAQ: NTRA on 7/22/2025.
• Sold $1,001 - $15,000 in shares of Abbott Laboratories NYSE: ABT on 7/18/2025.
• Sold $1,001 - $15,000 in shares of Independence Realty Trust NYSE: IRT on 7/16/2025.
• Sold $1,001 - $15,000 in shares of Visa NYSE: V on 7/14/2025.
• Sold $1,001 - $15,000 in shares of SpringWorks Therapeutics NASDAQ: SWTX on 7/2/2025.
• Sold $1,001 - $15,000 in shares of Visa NYSE: V on 6/26/2025.
• Sold $1,001 - $15,000 in shares of Visa NYSE: V on 6/25/2025.
• Purchased $1,001 - $15,000 in shares of Broadcom NASDAQ: AVGO on 6/25/2025.
• Sold $1,001 - $15,000 in shares of ConocoPhillips NYSE: COP on 6/24/2025.

International Business Machines Price Performance

Shares of NYSE:IBM traded up $2.64 during trading on Friday, reaching $239.75. 4,339,819 shares of the company traded hands, compared to its average volume of 6,855,263. The company's 50 day moving average is $273.29 and its two-hundred day moving average is $258.66. The firm has a market capitalization of $222.82 billion, a PE ratio of 38.92, a PEG ratio of 3.69 and a beta of 0.69. 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 52 week low of $192.86 and a 52 week high of $296.16.

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

Analysts Set New Price Targets

IBM has been the subject of several recent analyst reports. Morgan Stanley dropped their price objective on International Business Machines from $237.00 to $233.00 and set an "equal weight" rating for the company in a research report on Thursday, April 24th. Melius Research upgraded International Business Machines to a "strong-buy" rating in a research report on Monday, July 7th. Stifel Nicolaus upped their price objective on International Business Machines from $290.00 to $310.00 and gave the stock a "buy" rating in a research report on Wednesday, July 16th. Jefferies Financial Group restated a "hold" rating on shares of International Business Machines in a research report on Wednesday, April 23rd. Finally, Erste Group Bank downgraded International Business Machines from a "buy" rating to a "hold" rating in a research report on Thursday. One investment analyst has rated the stock with a sell rating, nine have issued a hold rating, nine have given a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average target price of $268.75.

Institutional Investors Weigh In On International Business Machines

Several institutional investors and hedge funds have recently made changes to their positions in IBM. Capital World Investors increased its stake in shares of 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 valued at $2,634,577,000 after buying an additional 9,650,534 shares during the period. Norges Bank acquired a new stake in shares of International Business Machines in the second quarter valued at about $2,011,122,000. GAMMA Investing LLC increased its stake in shares of International Business Machines by 29,564.2% in 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 buying an additional 4,384,958 shares during the period. GQG Partners LLC acquired a new stake in shares of International Business Machines in the first quarter valued at about $1,040,057,000. Finally, Nuveen LLC acquired a new stake in shares of International Business Machines in the first quarter valued at about $960,386,000. Institutional investors and hedge funds own 58.96% of the company's stock.

About Representative Gottheimer

Josh Gottheimer (Democratic Party) is a member of the U.S. House, representing New Jersey's 5th Congressional District. He assumed office on January 3, 2017. His current term ends on January 3, 2027. Gottheimer (Democratic Party) is running for re-election to the U.S. House to represent New Jersey's 5th Congressional District. He declared candidacy for the 2026 election. Gottheimer is also running for election for Governor of New Jersey. He declared candidacy for the Democratic primary scheduled on June 10, 2025. Gottheimer attended the University of Pennsylvania for his undergraduate degree. He became a Thouron Fellow at Oxford and attended Harvard Law School. Gottheimer worked as a speech writer under former President Bill Clinton (D), assisting with two State of the Union addresses, among other projects. Before running for Congress, he worked for Microsoft as a general manager for corporate strategy.

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.