Decreases Stake in International Business Machines Corp. (IBM)

14 January, 2018, 20:42 | Author: Regina Silva

Iconiq Capital Llc who had been investing in Jd Com Inc for a number of months, seems to be bullish on the $66.07 billion market cap company. The lowest price the stock reached in the last trading day was $12.181 and compares with the $6.01 52-week low. About 5.03M shares traded. Southwest Airlines Co. (NYSE:LUV) has risen 37.63% since January 14, 2017 and is uptrending. It has outperformed by 60.97% the S&P500.

Wright Investors Service Inc decreased International Business Machs (IBM) stake by 49.27% reported in 2017Q3 SEC filing. Bridges Investment Management Inc acquired 3,844 shares as International Bus Mach Com (IBM)'s stock declined 15.88%. The institutional investor held 53,537 shares of the computer manufacturing company at the end of 2017Q3, valued at $7.77 million, up from 48,004 at the end of the previous reported quarter. Nordea Investment Management AB grew its holdings in International Business Machines by 151.2% during the 2nd quarter. (NYSE IBM) traded down $1.06 on Friday, reaching $163.14.

International Business Machines (NYSE:IBM) last announced its earnings results on Tuesday, October 17th. It has underperformed by 11.84% the S&P500. Seven equities research analysts have rated the stock with a sell rating, seventeen have assigned a hold rating and twelve have given a buy rating to the company's stock. Therefore 35% are positive. International Business Machines had 113 analyst reports since July 21, 2015 according to SRatingsIntel. Beck Mack And Oliver Ltd Limited Liability Company holds 0.21% in International Business Machines Corporation (NYSE:IBM) or 43,049 shares. RBC Capital Markets maintained it with "Hold" rating and $160.0 target in Thursday, August 31 report. The company was maintained on Tuesday, July 19 by JMP Securities. The stock has "Sector Perform" rating by RBC Capital Markets on Monday, January 18. As per Friday, May 26, the company rating was reinitiated by Credit Suisse. On Wednesday, April 26 the stock rating was maintained by Wells Fargo with "Market Perform". The firm has "Neutral" rating given on Wednesday, August 31 by JP Morgan. Deutsche Bank maintained the shares of IBM in report on Tuesday, July 19 with "Hold" rating. Morgan Stanley has "Buy" rating and $21200 target.

Investors sentiment increased to 1.11 in Q3 2017. Its up 0.02, from 0.72 in 2017Q2. Intellectus Partners LLC increased its holdings in shares of International Business Machines by 9.8% during the first quarter.

Other hedge funds have also made changes to their positions in the company. 519.10 million shares or 2.22% less from 530.91 million shares in 2017Q2 were reported. Middleton & Ma stated it has 5,332 shares or 0.14% of all its holdings. Jpmorgan Chase & holds 0.27% or 8.54M shares. Oppenheimer reiterated a "hold" rating on shares of International Business Machines in a research report on Wednesday, October 18th.

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Smithfield Trust Co. boosted its holdings in shares of International Business Machines Corp. Noesis Cap Mangement owns 1,398 shares for 0.08% of their portfolio.

Argi Investment Services Llc, which manages about $991.47 million and $1.45 billion US Long portfolio, upped its stake in Guggenheim S&P 500 Equal Weight Etf (RSP) by 19,761 shares to 412,480 shares, valued at $39.39M in 2017Q3, according to the filing. Connecticut-based Halsey Ct has invested 0.46% in International Business Machines Corporation (NYSE:IBM). Peddock Capital Advisors LLC bought a new stake in shares of International Business Machines Corp. during the third quarter worth $135,000. Ancora Advsrs Lc reported 0.1% stake. Analysts set a 12-month price target of $10.6 a share. Family Mngmt Corp owns 34,879 shares for 3.47% of their portfolio.

Investors sentiment increased to 1.55 in 2017 Q3. 61 funds opened positions while 85 raised stakes. 441.14 million shares or 4.78% less from 463.31 million shares in 2017Q2 were reported. Webster Bank N A reported 15,461 shares or 0.33% of all its holdings. Hourglass Capital LLC now owns 51,680 shares of the technology company's stock valued at $7,950,000 after purchasing an additional 23,510 shares during the last quarter. Moreover, Profund Advsr Ltd Llc has 0.04% invested in Southwest Airlines Co. (NYSE:MMS) for 230,244 shares. 90,000 shares were sold by SULENTIC ROBERT E, worth $3.23 million on Friday, August 11. International Business Machs now has $151.03 billion valuation. Green Square Ltd Limited Liability Company invested 0.06% of its portfolio in CBRE Group, Inc. (NYSE:CBG). Segantii Management Limited owns 28,800 shares. White Pine Ltd Company owns 6,155 shares. Vanguard Bd Index Fd Inc Short Trm Bond (BSV) was raised too. The fund owned 17,579 shares of the technology company's stock after purchasing an additional 750 shares during the period. (NYSE:MMS). Trexquant Inv Lp reported 0.08% of its portfolio in MAXIMUS, Inc.

Boothbay Fund Management Llc increased Activision Blizzard Inc (NASDAQ:ATVI) stake by 52,832 shares to 62,611 valued at $4.04 million in 2017Q3. Marshwinds Advisory Company holds 25,189 shares or 1.7% of its portfolio. In terms of the mechanics underlying that movement, traders will want to note that the stock is trading on a float of 8.47% with $267.47 Million sitting short, betting on future declines.

Among 4 analysts covering Brink's Company (NYSE:BCO), 3 have Buy rating, 0 Sell and 1 Hold. Therefore 44% are positive. The firm earned "Neutral" rating on Tuesday, September 22 by Goldman Sachs. As per Wednesday, September 20, the company rating was upgraded by Raymond James. Barclays Capital maintained the stock with "Underweight" rating in Tuesday, October 18 report. The company was initiated on Friday, October 9 by Drexel Hamilton. KeyBanc Capital Markets maintained the stock with "Hold" rating in Wednesday, July 19 report. The stock of Southwest Airlines Co. New York-based Two Sigma Securities Limited Liability has invested 0.03% in International Business Machines Corporation (NYSE:IBM).


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