Oslo Pensjonsforsikring AS Buys Shares of 125,482 International Business Machines Corporation $IBM

Oslo Pensjonsforsikring AS purchased a new position in shares of International Business Machines Corporation (NYSE:IBM) during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 125,482 shares of the technology company’s stock, valued at approximately $30,416,000. International Business Machines accounts for about 4.7% of Oslo Pensjonsforsikring AS’s investment portfolio, making the stock its 9th largest holding.

Several other hedge funds have also made changes to their positions in IBM. Norges Bank acquired a new position in shares of International Business Machines in the fourth quarter valued at approximately $2,446,429,000. Capital World Investors lifted its holdings in International Business Machines by 29.2% during the 4th quarter. Capital World Investors now owns 22,021,912 shares of the technology company’s stock worth $6,523,720,000 after buying an additional 4,976,756 shares in the last quarter. Price T Rowe Associates Inc. MD lifted its holdings in International Business Machines by 83.4% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 5,617,117 shares of the technology company’s stock worth $1,663,847,000 after buying an additional 2,553,552 shares in the last quarter. Corient Private Wealth LLC boosted its position in International Business Machines by 359.6% in the 4th quarter. Corient Private Wealth LLC now owns 1,896,675 shares of the technology company’s stock valued at $561,814,000 after buying an additional 1,484,026 shares during the period. Finally, Vanguard Group Inc. grew its stake in shares of International Business Machines by 1.5% in the fourth quarter. Vanguard Group Inc. now owns 97,216,131 shares of the technology company’s stock worth $28,796,390,000 after acquiring an additional 1,439,824 shares in the last quarter. Institutional investors and hedge funds own 58.96% of the company’s stock.

More International Business Machines News

Here are the key news stories impacting International Business Machines this week:

• Positive Sentiment: Potential upside from AI, cloud, cybersecurity, and consulting demand, which some analysts still expect to support future revenue growth.
• Neutral Sentiment: IBM’s expanded quantum-computing collaboration with Singapore’s military, which could be strategically positive but is unlikely to move near-term results by itself. IBM (IBM) Stock Declines Despite Singapore Military Quantum Computing Partnership Expansion
• Neutral Sentiment: Investor attention ahead of the full Q2 earnings report, with traders watching for management’s commentary on pipeline strength, software growth, and dividend durability. IBM to Report Full Q2 Results After its Historic Stock Crash – Here’s What Investors Will Watch
• Negative Sentiment: Legal investigations from shareholder-rights firms following the guidance cut and stock plunge, which can keep sentiment weak and increase headline risk. International Business Machines Corporation (IBM) Securities Investigation Notice – Levi & Korsinsky
• Negative Sentiment: Concerns that IBM’s recent earnings scare may indicate weaker execution and pressure on the company’s dividend and growth story. After Its Earnings Scare, Is IBM’s Dividend Still Safe?

Analyst Upgrades and Downgrades

A number of analysts have recently weighed in on IBM shares. Susquehanna started coverage on International Business Machines in a research report on Friday, July 10th. They set a “neutral” rating and a $303.00 price objective on the stock. Stifel Nicolaus lowered their target price on International Business Machines from $290.00 to $235.00 and set a “buy” rating for the company in a research note on Monday. BMO Capital Markets cut their price target on International Business Machines from $290.00 to $270.00 and set a “market perform” rating on the stock in a report on Thursday, April 23rd. Morgan Stanley increased their price target on International Business Machines from $267.00 to $293.00 and gave the company an “equal weight” rating in a research report on Tuesday, July 14th. Finally, Bank of America lifted their price objective on International Business Machines from $315.00 to $330.00 and gave the company a “buy” rating in a research note on Monday, July 6th. Fifteen research analysts have rated the stock with a Buy rating, ten have assigned a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, International Business Machines presently has a consensus rating of “Moderate Buy” and an average price target of $278.68.

International Business Machines Price Performance

Shares of IBM opened at $210.44 on Wednesday. The company has a current ratio of 0.80, a quick ratio of 0.76 and a debt-to-equity ratio of 1.75. The firm’s fifty day simple moving average is $263.44 and its 200-day simple moving average is $262.05. The firm has a market capitalization of $197.79 billion, a price-to-earnings ratio of 18.61, a PEG ratio of 2.30 and a beta of 0.68. International Business Machines Corporation has a twelve month low of $204.44 and a twelve month high of $332.46.

International Business Machines (NYSE:IBM) last posted its earnings results on Wednesday, April 22nd. The technology company reported $1.91 EPS for the quarter, beating the consensus estimate of $1.81 by $0.10. International Business Machines had a return on equity of 37.23% and a net margin of 15.61%.The firm had revenue of $15.92 billion for the quarter, compared to analyst estimates of $15.60 billion. During the same quarter in the prior year, the company posted $1.60 earnings per share. International Business Machines’s revenue for the quarter was up 9.5% compared to the same quarter last year. Equities analysts forecast that International Business Machines Corporation will post 12.21 EPS for the current fiscal year.

International Business Machines Profile

International Business Machines Corporation (IBM) is a global technology and consulting company headquartered in Armonk, New York. Founded in 1911 as the Computing-Tabulating-Recording Company (CTR) and renamed IBM in 1924, the company has evolved from early electromechanical machines to a diversified technology provider serving enterprises and governments worldwide. IBM is publicly traded on the New York Stock Exchange under the ticker symbol IBM.

IBM’s principal businesses encompass cloud computing and software, infrastructure and systems, consulting and technology services, and research and development.