Deutsche Bank AG Has $364.29 Million Position in International Business Machines Co. (NYSE:IBM)

Deutsche Bank AG cut its stake in shares of International Business Machines Co. (NYSE:IBMFree Report) by 12.8% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 2,596,526 shares of the technology company’s stock after selling 380,604 shares during the quarter. Deutsche Bank AG owned 0.28% of International Business Machines worth $364,293,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also added to or reduced their stakes in the company. BlackRock Inc. boosted its holdings in International Business Machines by 3.5% in the second quarter. BlackRock Inc. now owns 74,044,855 shares of the technology company’s stock worth $9,907,942,000 after acquiring an additional 2,483,682 shares in the last quarter. State Street Corp boosted its position in International Business Machines by 1.7% in the second quarter. State Street Corp now owns 54,441,615 shares of the technology company’s stock worth $7,284,833,000 after purchasing an additional 903,042 shares during the last quarter. Geode Capital Management LLC lifted its stake in International Business Machines by 3.0% in the second quarter. Geode Capital Management LLC now owns 16,701,893 shares of the technology company’s stock valued at $2,228,691,000 after purchasing an additional 492,571 shares during the last quarter. Morgan Stanley lifted its stake in International Business Machines by 22.8% in the fourth quarter. Morgan Stanley now owns 16,592,094 shares of the technology company’s stock valued at $2,337,660,000 after purchasing an additional 3,084,458 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. lifted its stake in shares of International Business Machines by 7.3% during the 1st quarter. Charles Schwab Investment Management Inc. now owns 16,297,545 shares of the technology company’s stock valued at $2,119,007,000 after buying an additional 1,105,170 shares in the last quarter. 56.16% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of equities research analysts have recently issued reports on the stock. Wedbush reissued a “neutral” rating and issued a $140.00 price target on shares of International Business Machines in a report on Monday, November 13th. BMO Capital Markets raised their price target on International Business Machines from $155.00 to $210.00 and gave the company a “market perform” rating in a research report on Thursday, January 25th. Evercore upgraded International Business Machines from an “in-line” rating to an “outperform” rating and raised their price target for the company from $165.00 to $200.00 in a research report on Friday, January 19th. Societe Generale restated a “sell” rating and set a $143.00 price target on shares of International Business Machines in a research report on Friday, January 5th. Finally, Evercore ISI upgraded shares of International Business Machines from an “in-line” rating to an “outperform” rating and lifted their target price for the stock from $165.00 to $200.00 in a research report on Friday, January 19th. One research analyst has rated the stock with a sell rating, five have given a hold rating and seven have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $171.92.

Get Our Latest Stock Analysis on International Business Machines

International Business Machines Stock Down 0.1 %

Shares of International Business Machines stock opened at $186.22 on Monday. The company has a current ratio of 0.96, a quick ratio of 0.93 and a debt-to-equity ratio of 2.22. The company’s fifty day simple moving average is $168.99 and its two-hundred day simple moving average is $153.87. The company has a market cap of $170.04 billion, a P/E ratio of 22.92, a PEG ratio of 3.66 and a beta of 0.71. International Business Machines Co. has a 12-month low of $120.55 and a 12-month high of $196.90.

International Business Machines (NYSE:IBMGet Free Report) last issued its quarterly earnings data on Wednesday, January 24th. The technology company reported $3.87 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.78 by $0.09. The business had revenue of $17.38 billion for the quarter, compared to the consensus estimate of $17.29 billion. International Business Machines had a net margin of 12.13% and a return on equity of 39.55%. The company’s quarterly revenue was up 4.1% compared to the same quarter last year. During the same period in the previous year, the firm earned $3.60 EPS. Research analysts anticipate that International Business Machines Co. will post 10.03 EPS for the current year.

International Business Machines Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Saturday, March 9th. Investors of record on Friday, February 9th will be paid a $1.66 dividend. The ex-dividend date of this dividend is Thursday, February 8th. This represents a $6.64 annualized dividend and a yield of 3.57%. International Business Machines’s payout ratio is 81.67%.

International Business Machines Company Profile

(Free Report)

International Business Machines Corporation, together with its subsidiaries, provides integrated solutions and services worldwide. The company operates through four business segments: Software, Consulting, Infrastructure, and Financing. The Software segment offers hybrid cloud platform and software solutions; software for business automation, AIOps and management, integration, and application servers; data and artificial intelligence solutions; and security software and services for threat, data, and identity.

See Also

Institutional Ownership by Quarter for International Business Machines (NYSE:IBM)

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