The technology company reported $5.18 earnings per share (EPS) for the quarter, topping the Zacks' consensus estimate of $5.17 by $0.01.
International Business Machines Corp. has a fifty-two week low of $139.13 and a fifty-two week high of $182.55. At the close of regular trading, its last week's stock price volatility was 2.24% which for the month reaches 1.75%. About 2.73 million shares traded. International Business Machines Corporation (NYSE:IBM) has risen 4.86% since March 1, 2017 and is uptrending. It has underperformed by 11.84% the S&P500.
Emerald Advisers Inc decreased its stake in Trex Inc (TREX) by 3.09% based on its latest 2017Q3 regulatory filing with the SEC. The Carnegie Capital Asset Management Llc holds 116,760 shares with $5.86M value, down from 122,869 last quarter. Finally, Cerebellum GP LLC acquired a new stake in shares of International Business Machines in the 4th quarter valued at $126,000. The institutional investor owned 28,869 shares of the technology company's stock after purchasing an additional 2,044 shares during the period. The stock decreased 0.44% or $1 during the last trading session, reaching $226.01. The hedge fund run by William Leland Edwards held 26,825 shares of the computer manufacturing company at the end of 2017Q3, valued at $3.89M, up from 19,267 at the end of the previous reported quarter. Microsoft Corporation (NASDAQ:MSFT) has risen 34.52% since March 1, 2017 and is uptrending.
Among 45 analysts covering Netapp Inc. The company was upgraded on Wednesday, January 3 by RBC Capital Markets. Therefore 50% are positive.
Several analysts recently issued reports on IBM shares. Leading up to this report, we have seen a -6.45% return in the stock price over the last 30 days and a 3.10% return over the past 3 months. The company was downgraded on Monday, April 18 by Sterne Agee CRT. The firm earned "Hold" rating on Tuesday, July 11 by RBC Capital Markets. Monness Crespi & Hardt maintained NetApp, Inc. The rating was initiated by Berenberg with "Sell" on Tuesday, April 4. As per Monday, January 8, the company rating was upgraded by Bank of America. The firm has "Outperform" rating given on Friday, February 19 by RBC Capital Markets. It also reduced its holding in Berkshire Hathaway Inc Del (BRKB) by 19,299 shares in the quarter, leaving it with 229,814 shares, and cut its stake in Microsoft Corp (NASDAQ:MSFT).
From the start of year 2017 to present date IBM reported surged performance of 1.57%. Its the same as in 2017Q2.
Other hedge funds have also recently made changes to their positions in the company. Its up 0.02, from 0.72 in 2017Q2. (NYSE:HD) or 41,396 shares. If we take a wider approach, shares have been trading 1.21% away from the 200-day moving average. Robeco Institutional Asset Management Bv holds 2.46M shares. (NASDAQ:NTAP) for 31,392 shares.
Ingalls & Snyder Llc decreased Credit Accep Corp Mich (NASDAQ:CACC) stake by 2,467 shares to 88,605 valued at $24.82M in 2017Q3. Wealthtrust Axiom owns 53,537 shares. Walleye Trading Ltd Liability owns 58,329 shares. Cacti Asset Mngmt Limited Liability stated it has 16,670 shares. Qci Asset Management New York invested in 1,254 shares. Archford Capital Strategies Limited Liability stated it has 13,954 shares or 0.76% of all its holdings. Eagle Cap Lc accumulated 2,700 shares. Bridges Inv Counsel invested in 43,630 shares. Boston Ltd Liability Com reported 10,950 shares. Amg Natl Tru State Bank invested 0.18% of its portfolio in International Business Machines Corporation (NYSE:IBM).
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Since January 31, 2018, it had 1 buying transaction, and 0 sales for $99,659 activity. It is positive, as 40 investors sold MSFT shares while 952 reduced holdings.
Western Digital Corporation is maintained at an average outperform rating by 31 stock analysts, and there are at least 3.35% of shares outstanding that are now legally short sold. REICH JOEL D sold 6,500 shares worth $362,686. First Commonwealth Financial Pa reported 1,725 shares. Therefore 73% are positive. International Business Machines had 123 analyst reports since July 21, 2015 according to SRatingsIntel. The firm has "Buy" rating given on Wednesday, June 8 by Drexel Hamilton. Hourglass Capital LLC increased its position in shares of International Business Machines by 83.5% in the second quarter.
COPYRIGHT VIOLATION WARNING: "International Business Machines Corp". Barclays Capital maintained International Business Machines Corporation (NYSE:IBM) on Wednesday, October 18 with "Underweight" rating. Vetr raised shares of International Business Machines from a "buy" rating to a "strong-buy" rating and set a $170.25 price target on the stock in a research note on Monday, November 27th. (NASDAQ:RGNX) on Tuesday, October 13 with "Overweight" rating. Robert W. Baird has "Outperform" rating and $71 target. The stock of International Business Machines Corporation (NYSE:IBM) has "Overweight" rating given on Tuesday, July 19 by Morgan Stanley. On Tuesday, September 20 the stock rating was initiated by Nomura with "Neutral".
International Business Machines (NYSE:IBM) last issued its quarterly earnings data on Thursday, January 18th.
Investors sentiment increased to 0.74 in 2017 Q3. Its up 0.11, from 1.24 in 2017Q2. 121 funds opened positions while 587 raised stakes. The company has its outstanding shares of 929.44 Million. Finally, Gould Asset Management LLC CA bought a new position in shares of International Business Machines in the 2nd quarter valued at about $262,000.
Shares of International Business Machines Corp. 7,542 are held by Pax Mngmt Ltd Liability. 159.36 million shares or 0.11% more from 159.18 million shares in 2017Q2 were reported. Looking back over the past 4 weeks, shares have moved 12.77%. Moreover, Cantab Cap Prns Llp has 0.16% invested in The Home Depot, Inc. Canada Pension Plan Investment Board invested in 0.38% or 1.29M shares. Los Angeles Cap Mngmt And Equity Rech Incorporated owns 5.96M shares or 2.56% of their U.S. portfolio. Truepoint owns 499,003 shares for 0.05% of their portfolio. 1,502 were accumulated by Rench Wealth Mgmt Incorporated.
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