International Business Machs (Call) (IBM) Shareholder Artal Group Sa Has Decreased Holding by $30.60 Million

July 14, 2018 - By Julie Barnes

Investors sentiment increased to 1.11 in Q1 2018. Its up 0.08, from 1.03 in 2017Q4. It is positive, as 60 investors sold IBM shares while 560 reduced holdings. 117 funds opened positions while 570 raised stakes. 501.15 million shares or 0.58% less from 504.07 million shares in 2017Q4 were reported. Dowling Yahnke Lc owns 31,889 shares for 0.46% of their portfolio. Evermay Wealth Mgmt Limited Liability Company holds 0.42% of its portfolio in International Business Machines Corporation (NYSE:IBM) for 7,870 shares. Lodestar Inv Counsel Ltd Liability Il stated it has 4,804 shares or 0.09% of all its holdings. Sg Americas Secs Limited Liability Co stated it has 0.19% of its portfolio in International Business Machines Corporation (NYSE:IBM). Fuller & Thaler Asset Mngmt reported 0% of its portfolio in International Business Machines Corporation (NYSE:IBM). Westfield Capital Ltd Partnership stated it has 509,164 shares. 221,350 are owned by Texas Permanent School Fund. First Manhattan has 418,894 shares. Pictet Asset Management accumulated 698,739 shares or 0.26% of the stock. Hexavest, a Quebec – Canada-based fund reported 708,422 shares. Bancorp Of The West holds 0.12% in International Business Machines Corporation (NYSE:IBM) or 6,032 shares. Keybank Association Oh accumulated 0.51% or 559,728 shares. 52,121 were accumulated by Meritage Port Mgmt. Hudson Bay Cap Limited Partnership accumulated 48,326 shares. Perkins Coie Tru Communications invested in 1.18% or 15,525 shares.

Since January 31, 2018, it had 1 insider purchase, and 2 sales for $2.69 million activity. WADDELL FREDERICK H also bought $99,659 worth of International Business Machines Corporation (NYSE:IBM) on Wednesday, January 31. $2.01M worth of International Business Machines Corporation (NYSE:IBM) was sold by Clementi Erich.

Artal Group Sa decreased its stake in International Business Machs (Call) (IBM) by 25% based on its latest 2018Q1 regulatory filing with the SEC. Artal Group Sa sold 200,000 shares as the company’s stock declined 9.42% with the market. The institutional investor held 600,000 shares of the computer manufacturing company at the end of 2018Q1, valued at $92.06M, down from 800,000 at the end of the previous reported quarter. Artal Group Sa who had been investing in International Business Machs (Call) for a number of months, seems to be less bullish one the $133.93 billion market cap company. The stock decreased 0.38% or $0.55 during the last trading session, reaching $145.9. About 3.07M shares traded. International Business Machines Corporation (NYSE:IBM) has declined 6.24% since July 14, 2017 and is downtrending. It has underperformed by 18.81% the S&P500.

Artal Group Sa, which manages about $7.99 billion US Long portfolio, upped its stake in Array Biopharma Inc (NASDAQ:ARRY) by 1.50M shares to 2.00 million shares, valued at $32.64 million in 2018Q1, according to the filing. It also increased its holding in Albireo Pharma Inc by 247,841 shares in the quarter, for a total of 547,841 shares, and has risen its stake in Incyte Corp (Call) (NASDAQ:INCY).

Analysts await International Business Machines Corporation (NYSE:IBM) to report earnings on July, 18 after the close. They expect $3.03 earnings per share, up 2.02 % or $0.06 from last year’s $2.97 per share. IBM’s profit will be $2.78 billion for 12.04 P/E if the $3.03 EPS becomes a reality. After $2.45 actual earnings per share reported by International Business Machines Corporation for the previous quarter, Wall Street now forecasts 23.67 % EPS growth.

More recent International Business Machines Corporation (NYSE:IBM) news were published by: Fool.com which released: “IBM Scores More International Deals” on July 09, 2018. Also Seekingalpha.com published the news titled: “Does IBM’s ~4.5% Yield Make It A Buy?” on July 13, 2018. Seekingalpha.com‘s news article titled: “IBM announces several cloud agreements” with publication date: July 03, 2018 was also an interesting one.

International Business Machines Corporation (NYSE:IBM) Ratings Coverage

Among 12 analysts covering IBM (NYSE:IBM), 7 have Buy rating, 2 Sell and 3 Hold. Therefore 58% are positive. IBM has $200.0 highest and $125.0 lowest target. $169.50’s average target is 16.18% above currents $145.9 stock price. IBM had 17 analyst reports since January 17, 2018 according to SRatingsIntel. As per Wednesday, March 21, the company rating was maintained by Morgan Stanley. GBH Insights maintained the stock with “Buy” rating in Thursday, January 18 report. The firm earned “Buy” rating on Friday, January 19 by RBC Capital Markets. The rating was maintained by BMO Capital Markets with “Hold” on Friday, January 19. The stock of International Business Machines Corporation (NYSE:IBM) earned “Hold” rating by J.P. Morgan on Friday, January 19. The firm earned “Sell” rating on Friday, January 19 by Berenberg. As per Friday, March 9, the company rating was maintained by Stifel Nicolaus. The company was maintained on Tuesday, April 17 by RBC Capital Markets. The stock of International Business Machines Corporation (NYSE:IBM) has “Overweight” rating given on Wednesday, January 17 by Barclays Capital. The stock of International Business Machines Corporation (NYSE:IBM) earned “Sell” rating by Societe Generale on Friday, January 19.

International Business Machines Corporation (NYSE:IBM) Institutional Positions Chart

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