International Business Machines Co. (NYSE:IBM) Shares Acquired by Jennison Associates LLC

Jennison Associates LLC increased its stake in International Business Machines Co. (NYSE:IBM - Free Report) by 11.5% during the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 522,131 shares of the technology company's stock after buying an additional 53,658 shares during the period. Jennison Associates LLC owned 0.06% of International Business Machines worth $115,433,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors also recently made changes to their positions in IBM. Hazlett Burt & Watson Inc. lifted its position in International Business Machines by 1,054.5% in 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 in the last quarter. Hara Capital LLC bought a new position in shares of International Business Machines during the 3rd quarter valued at $29,000. Oliver Lagore Vanvalin Investment Group bought a new position in shares of International Business Machines during the 2nd quarter valued at $36,000. Wolff Wiese Magana LLC lifted its holdings in shares of International Business Machines by 37.0% during the 2nd quarter. Wolff Wiese Magana LLC now owns 222 shares of the technology company's stock valued at $38,000 after buying an additional 60 shares during the period. Finally, Capital Performance Advisors LLP bought a new position in shares of International Business Machines during the 3rd quarter valued at $43,000. Hedge funds and other institutional investors own 58.96% of the company's stock.

Analyst Upgrades and Downgrades

IBM has been the topic of a number of recent research reports. DZ Bank cut International Business Machines from a "buy" rating to a "hold" rating and set a $215.00 target price on the stock. in a report on Wednesday, October 2nd. Morgan Stanley decreased their target price on International Business Machines from $217.00 to $208.00 and set an "equal weight" rating on the stock in a report on Thursday, October 24th. Stifel Nicolaus raised their target price on International Business Machines from $205.00 to $246.00 and gave the stock a "buy" rating in a report on Wednesday, October 16th. StockNews.com cut International Business Machines from a "buy" rating to a "hold" rating in a report on Wednesday. Finally, Jefferies Financial Group increased their price target on International Business Machines from $200.00 to $245.00 and gave the stock a "hold" rating in a research note on Monday, October 21st. Three analysts have rated the stock with a sell rating, nine have assigned a hold rating and six have assigned a buy rating to the company's stock. Based on data from MarketBeat, International Business Machines has an average rating of "Hold" and a consensus target price of $208.12.

International Business Machines Trading Up 3.6 %

NYSE IBM traded up $7.69 during trading on Thursday, hitting $222.30. The stock had a trading volume of 3,831,715 shares, compared to its average volume of 4,233,282. The stock has a market capitalization of $205.55 billion, a price-to-earnings ratio of 32.36, a P/E/G ratio of 4.72 and a beta of 0.71. The stock has a 50 day simple moving average of $219.29 and a 200 day simple moving average of $194.83. The company has a debt-to-equity ratio of 2.16, a quick ratio of 1.01 and a current ratio of 1.06. International Business Machines Co. has a one year low of $153.92 and a one year high of $237.37.

International Business Machines (NYSE:IBM - Get Free Report) last issued its quarterly earnings data on Wednesday, October 23rd. The technology company reported $2.30 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.27 by $0.03. International Business Machines had a net margin of 10.22% and a return on equity of 40.52%. The company had revenue of $14.97 billion for the quarter, compared to analyst estimates of $15.08 billion. During the same period last year, the company posted $2.20 earnings per share. International Business Machines's revenue was up 1.5% compared to the same quarter last year. Sell-side analysts predict that International Business Machines Co. will post 10.12 earnings per share for the current year.

International Business Machines Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, December 10th. Shareholders of record on Tuesday, November 12th will be issued a $1.67 dividend. This represents a $6.68 annualized dividend and a yield of 3.01%. The ex-dividend date of this dividend is Tuesday, November 12th. International Business Machines's dividend payout ratio is currently 97.23%.

Insiders Place Their Bets

In other news, SVP Nickle Jaclyn Lamoreaux sold 3,600 shares of the business's stock in a transaction on Friday, November 8th. The shares were sold at an average price of $215.20, for a total transaction of $774,720.00. Following the sale, the senior vice president now directly owns 25,390 shares of the company's stock, valued at $5,463,928. The trade was a 12.42 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Corporate insiders own 0.07% of the company's stock.

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.