Swedbank AB Has $219.99 Million Stock Position in International Business Machines Co. (NYSE:IBM)

Swedbank AB lessened its position in International Business Machines Co. (NYSE:IBM) by 2.9% in the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 1,000,716 shares of the technology company’s stock after selling 29,678 shares during the quarter. Swedbank AB owned approximately 0.11% of International Business Machines worth $219,987,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Hazlett Burt & Watson Inc. increased its holdings in shares of International Business Machines by 1,054.5% during the 3rd quarter. Hazlett Burt & Watson Inc. now owns 127 shares of the technology company’s stock valued at $29,000 after acquiring an additional 116 shares during the last quarter. Hara Capital LLC bought a new position in shares of International Business Machines in the third quarter valued at approximately $29,000. Avondale Wealth Management lifted its stake in shares of International Business Machines by 56.0% in the fourth quarter. Avondale Wealth Management now owns 156 shares of the technology company’s stock worth $34,000 after buying an additional 56 shares during the last quarter. Valued Wealth Advisors LLC boosted its holdings in shares of International Business Machines by 134.3% during the 4th quarter. Valued Wealth Advisors LLC now owns 157 shares of the technology company’s stock worth $35,000 after buying an additional 90 shares during the period. Finally, Modus Advisors LLC acquired a new position in International Business Machines in the 4th quarter valued at $40,000. Institutional investors and hedge funds own 58.96% of the company’s stock.

International Business Machines Stock Up 0.4 %

Shares of International Business Machines stock traded up $0.81 on Wednesday, reaching $226.47. 543,384 shares of the company were exchanged, compared to its average volume of 3,500,632. International Business Machines Co. has a one year low of $162.62 and a one year high of $239.35. The company has a current ratio of 1.06, a quick ratio of 1.01 and a debt-to-equity ratio of 2.16. The company has a 50-day moving average of $224.95 and a 200 day moving average of $213.44. The company has a market capitalization of $209.40 billion, a price-to-earnings ratio of 32.95, a PEG ratio of 4.78 and a beta of 0.74.

Wall Street Analyst Weigh In

Several research firms recently weighed in on IBM. Bank of America boosted their price objective on International Business Machines from $250.00 to $260.00 and gave the stock a “buy” rating in a research report on Thursday, January 23rd. DZ Bank cut International Business Machines from a “buy” rating to a “hold” rating and set a $215.00 price objective for the company. in a research report on Wednesday, October 2nd. JPMorgan Chase & Co. upped their target price on shares of International Business Machines from $227.00 to $233.00 and gave the company a “neutral” rating in a research note on Thursday, January 23rd. BMO Capital Markets lifted their price target on shares of International Business Machines from $235.00 to $260.00 and gave the company a “market perform” rating in a report on Thursday, October 24th. Finally, Sanford C. Bernstein upped their price objective on shares of International Business Machines from $210.00 to $215.00 and gave the stock a “market perform” rating in a research note on Friday, January 3rd. Two investment analysts have rated the stock with a sell rating, nine have given a hold rating and five have given a buy rating to the company’s stock. Based on data from MarketBeat, International Business Machines presently has an average rating of “Hold” and an average price target of $220.40.

Insider Buying and Selling at International Business Machines

In other International Business Machines news, SVP Nickle Jaclyn Lamoreaux sold 3,600 shares of International Business Machines stock in a transaction dated Friday, November 8th. The stock was sold at an average price of $215.20, for a total value of $774,720.00. Following the transaction, the senior vice president now owns 25,390 shares in the company, valued at $5,463,928. The trade was a 12.42 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Insiders own 0.07% of the company’s stock.

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.