Aster Capital Management DIFC Ltd Has $1.47 Million Position in International Business Machines Co. (NYSE:IBM)

Aster Capital Management DIFC Ltd lifted its stake in shares of International Business Machines Co. (NYSE:IBM - Free Report) by 5,550.0% in the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 6,667 shares of the technology company's stock after buying an additional 6,549 shares during the quarter. Aster Capital Management DIFC Ltd's holdings in International Business Machines were worth $1,466,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of the stock. Clarkston Capital Partners LLC acquired a new stake in International Business Machines during the 4th quarter worth approximately $1,584,000. Titleist Asset Management LLC lifted its holdings in shares of International Business Machines by 3.1% during the fourth quarter. Titleist Asset Management LLC now owns 1,431 shares of the technology company's stock worth $315,000 after buying an additional 43 shares in the last quarter. Quadrant Capital Group LLC boosted its position in shares of International Business Machines by 8.5% in the fourth quarter. Quadrant Capital Group LLC now owns 7,279 shares of the technology company's stock valued at $1,600,000 after acquiring an additional 571 shares during the period. Mirabaud Asset Management Ltd grew its stake in shares of International Business Machines by 44.5% in the fourth quarter. Mirabaud Asset Management Ltd now owns 5,296 shares of the technology company's stock valued at $1,166,000 after acquiring an additional 1,632 shares in the last quarter. Finally, Ilmarinen Mutual Pension Insurance Co increased its position in International Business Machines by 35.0% during the fourth quarter. Ilmarinen Mutual Pension Insurance Co now owns 77,168 shares of the technology company's stock worth $16,964,000 after acquiring an additional 20,000 shares during the period. 58.96% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of brokerages recently issued reports on IBM. JPMorgan Chase & Co. increased their price target on International Business Machines from $233.00 to $244.00 and gave the stock a "neutral" rating in a research report on Thursday, January 30th. Sanford C. Bernstein raised their price target on International Business Machines from $210.00 to $215.00 and gave the stock a "market perform" rating in a research report on Friday, January 3rd. Bank of America upped their price objective on shares of International Business Machines from $260.00 to $270.00 and gave the stock a "buy" rating in a research report on Thursday, January 30th. Erste Group Bank raised shares of International Business Machines from a "hold" rating to a "strong-buy" rating in a report on Monday, March 17th. Finally, Jefferies Financial Group cut their price target on shares of International Business Machines from $270.00 to $265.00 and set a "hold" rating for the company in a report on Monday, March 31st. Two analysts have rated the stock with a sell rating, eight have given a hold rating, seven have given a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of "Hold" and a consensus target price of $231.13.

Insider Buying and Selling at International Business Machines

In related news, SVP Robert David Thomas sold 26,543 shares of International Business Machines stock in a transaction that occurred on Monday, March 3rd. The stock was sold at an average price of $253.01, for a total value of $6,715,644.43. Following the transaction, the senior vice president now directly owns 45,007 shares of the company's stock, valued at $11,387,221.07. The trade was a 37.10 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Corporate insiders own 0.18% of the company's stock.

International Business Machines Trading Down 3.4 %

Shares of NYSE:IBM traded down $8.05 during midday trading on Thursday, hitting $227.26. 2,687,511 shares of the stock were exchanged, compared to its average volume of 4,194,013. The business's 50-day moving average price is $250.35 and its 200 day moving average price is $232.80. International Business Machines Co. has a 12 month low of $162.62 and a 12 month high of $266.45. The company has a debt-to-equity ratio of 1.82, a quick ratio of 1.00 and a current ratio of 1.04. The stock has a market capitalization of $210.73 billion, a price-to-earnings ratio of 35.49, a P/E/G ratio of 5.81 and a beta of 0.67.

International Business Machines (NYSE:IBM - Get Free Report) last posted its earnings results on Wednesday, January 29th. The technology company reported $3.92 earnings per share for the quarter, topping analysts' consensus estimates of $3.77 by $0.15. International Business Machines had a net margin of 9.60% and a return on equity of 38.99%. Analysts predict that International Business Machines Co. will post 10.78 earnings per share for the current year.

International Business Machines Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, March 10th. Shareholders of record on Monday, February 10th were issued a dividend of $1.67 per share. This represents a $6.68 annualized dividend and a yield of 2.94%. The ex-dividend date was Monday, February 10th. International Business Machines's payout ratio is presently 104.21%.

International Business Machines Profile

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.