Stone Ridge Asset Management LLC Upped Its Holding in International Business Machs (IBM) by $3.00 Million

July 16, 2018 - By Lisa Delgado

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. Ubs Oconnor Limited Liability Corporation owns 0% invested in International Business Machines Corporation (NYSE:IBM) for 289,977 shares. Valicenti Advisory Services reported 2.1% stake. Wetherby Asset Inc has 15,902 shares for 0.34% of their portfolio. The Georgia-based Willis Invest Counsel has invested 1.66% in International Business Machines Corporation (NYSE:IBM). Family Firm reported 0.17% in International Business Machines Corporation (NYSE:IBM). Alethea Capital Mngmt Ltd Company has 0.37% invested in International Business Machines Corporation (NYSE:IBM) for 1,774 shares. Amf Pensionsforsakring Ab holds 417,918 shares or 0.67% of its portfolio. Beck Mack And Oliver Limited Company holds 0.1% in International Business Machines Corporation (NYSE:IBM) or 20,239 shares. State Of New Jersey Common Pension Fund D accumulated 0.5% or 838,800 shares. Palisade Asset Mgmt Lc reported 96,551 shares stake. Whittier Tru has invested 0.43% in International Business Machines Corporation (NYSE:IBM). Hengehold Capital Mgmt Limited Com reported 0.57% stake. Legacy Prtn, a Wisconsin-based fund reported 2,724 shares. Next Fincl Grp holds 0.51% of its portfolio in International Business Machines Corporation (NYSE:IBM) for 15,888 shares. Brown Brothers Harriman And Co invested 0.11% of its portfolio in International Business Machines Corporation (NYSE:IBM).

Since January 31, 2018, it had 1 insider purchase, and 2 insider sales for $2.69 million activity. Clementi Erich had sold 13,000 shares worth $2.01M on Friday, February 23. On Wednesday, January 31 the insider WADDELL FREDERICK H bought $99,659.

John C. Walker increased its stake in International Business Machs (IBM) by 15.92% based on its latest 2018Q1 regulatory filing with the SEC. Stone Ridge Asset Management Llc bought 19,624 shares as the company’s stock declined 9.42% with the market. The hedge fund run by John C. Walker held 142,886 shares of the computer manufacturing company at the end of 2018Q1, valued at $21.92M, up from 123,262 at the end of the previous reported quarter. Stone Ridge Asset Management Llc who had been investing in International Business Machs for a number of months, seems to be bullish on the $133.47 billion market cap company. The stock decreased 0.34% or $0.5 during the last trading session, reaching $145.4. About 1.65 million shares traded. International Business Machines Corporation (NYSE:IBM) has declined 6.24% since July 16, 2017 and is downtrending. It has underperformed by 18.81% the S&P500.

Stone Ridge Asset Management Llc, which manages about $3.70B and $1.71 billion US Long portfolio, decreased its stake in Target Corp (NYSE:TGT) by 48,400 shares to 54,656 shares, valued at $3.80 million in 2018Q1, according to the filing.

More notable recent International Business Machines Corporation (NYSE:IBM) news were published by: Benzinga.com which released: “Earnings Preview: Healthcare Giant Johnson & Johnson Set To Report Tuesday Morning” on July 16, 2018, also Fool.com with their article: “IBM Poised to Report Third Straight Quarter of Growth” published on July 15, 2018, Benzinga.com published: “Upcoming Earnings: Netflix To Report Monday, Subscriber Growth A Focus” on July 16, 2018. More interesting news about International Business Machines Corporation (NYSE:IBM) were released by: Fool.com and their article: “IBM’s Debater: Your Next Lawyer?” published on July 15, 2018 as well as 247Wallst.com‘s news article titled: “Microsoft, Goldman Sachs, IBM and More Dow Stocks to Watch This Week” with publication date: July 15, 2018.

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 had 17 analyst reports since January 17, 2018 according to SRatingsIntel. The firm earned “Buy” rating on Friday, March 9 by Morgan Stanley. The firm earned “Buy” rating on Thursday, January 18 by Bank of America. The stock has “Buy” rating by RBC Capital Markets on Friday, January 19. Stifel Nicolaus maintained International Business Machines Corporation (NYSE:IBM) on Friday, January 19 with “Buy” rating. As per Friday, January 19, the company rating was maintained by BMO Capital Markets. The stock of International Business Machines Corporation (NYSE:IBM) has “Hold” rating given on Friday, January 19 by J.P. Morgan. The stock of International Business Machines Corporation (NYSE:IBM) earned “Buy” rating by Stifel Nicolaus on Friday, March 9. Barclays Capital upgraded International Business Machines Corporation (NYSE:IBM) on Wednesday, January 17 to “Overweight” rating. Wedbush maintained it with “Hold” rating and $185.0 target in Thursday, January 18 report. The firm has “Buy” rating given on Wednesday, March 21 by Morgan Stanley.

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

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