International Business Machines (NYSE:IBM).
Thomaspartners, Inc. reports that it increased its stake in International Business Machines shares by 344,152 shares in the quarter ending 09/30/2017. Its investment was valued at $313,366,000 an increase of $34,041,000 as of quarter end.
The following firms have recently changed their position in IBM. As of the end of the quarter Baird Financial Group, Inc. had disposed of 15,525 shares trimming its position 10.5%. The value of the investment in International Business Machines went from $22,723,000 to $19,178,000 decreasing 15.6% quarter over quarter. As of quarter end Tredje Ap-fonden had bought a total of 98,620 shares growing its stake by 140.1%. The value of the company’s investment in International Business Machines increased from $10,825,000 to $24,517,000 a change of 126.5% since the last quarter.
As of quarter end Agf Investments Inc. had bought a total of 18,924 shares growing its holdings by 4.7%. The value of the investment in (IBM) decreased from $62,553,000 to $61,730,000 a change of $823,000 quarter to quarter.
On November 3, 2017 KeyCorp reiterated a “Hold” rating on the company. Equity analyst Pivotal Research updated guidance on IBM giving it an initial rating of “Buy”.
On October 18, 2017 J P Morgan Chase & Co released research on IBM stating a rating of “Neutral” and setting a price target of $157.00. On October 18 BMO Capital Markets left the company rating at “Market Perform” with a current price target of $170.00.
Equity analyst Barclays PLC raised the price target of the stock on October 18 changing the price objective from $132.00 to $133.00 and issued a “Underweight” recommendation. Goldman Sachs Group, Inc. (The) updated its forecast on IBM with a rating of “Neutral” and establishing a price target of $170.00.
In the market the company is trading down by 1.59% since yesterday’s close of 148.89. International Business Machines’s P/E ratio is 12.23 and the market cap is 135.65B. As of the latest earnings report the EPS was $11.98 with 925.79M shares now outstanding.
Traders are a little more bullish on International Business Machines of late if you pay attention to the change in short interest. The firm had a fall in short interest of -18.18% as of October 31, 2017 from the last reporting period. Short interest fell from 18,725,353 to 15,320,208 over that period. The short-interest ratio decreased to 2.0 and the percentage of shorted shares is 0.02% as of October 31.