Danske Bank A S Has $155.99 Million Stake in International Business Machines Corporation $IBM

Danske Bank A S grew its holdings in shares of International Business Machines Corporation (NYSE:IBMFree Report) by 8.2% in the 4th quarter, Holdings Channel reports. The fund owned 526,622 shares of the technology company’s stock after buying an additional 40,091 shares during the period. Danske Bank A S’s holdings in International Business Machines were worth $155,991,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently made changes to their positions in the company. Vanguard Group Inc. grew its holdings in shares of International Business Machines by 1.5% during the fourth quarter. Vanguard Group Inc. now owns 97,216,131 shares of the technology company’s stock worth $28,796,390,000 after purchasing an additional 1,439,824 shares during the last quarter. Capital World Investors grew its holdings in shares of International Business Machines by 13.9% during the third quarter. Capital World Investors now owns 17,045,156 shares of the technology company’s stock worth $4,809,461,000 after purchasing an additional 2,077,506 shares during the last quarter. Legal & General Group Plc grew its holdings in shares of International Business Machines by 2.5% during the third quarter. Legal & General Group Plc now owns 7,302,722 shares of the technology company’s stock worth $2,060,536,000 after purchasing an additional 176,219 shares during the last quarter. Amundi grew its holdings in shares of International Business Machines by 17.9% during the third quarter. Amundi now owns 4,777,516 shares of the technology company’s stock worth $1,382,695,000 after purchasing an additional 725,191 shares during the last quarter. Finally, Invesco Ltd. grew its holdings in shares of International Business Machines by 2.2% during the third quarter. Invesco Ltd. now owns 3,921,228 shares of the technology company’s stock worth $1,106,414,000 after purchasing an additional 86,123 shares during the last quarter. 58.96% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several analysts have recently weighed in on the company. Bank of America boosted their price target on International Business Machines from $315.00 to $335.00 and gave the stock a “buy” rating in a report on Tuesday, January 13th. Argus set a $360.00 price target on International Business Machines in a report on Friday, January 30th. Citigroup assumed coverage on International Business Machines in a report on Friday, April 10th. They set a “buy” rating and a $285.00 price target on the stock. Royal Bank Of Canada reduced their price target on International Business Machines from $361.00 to $330.00 and set an “outperform” rating on the stock in a report on Friday, April 17th. Finally, Morgan Stanley upped their target price on International Business Machines from $215.00 to $225.00 and gave the company an “equal weight” rating in a report on Thursday, April 23rd. One equities research analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating and seven have assigned a Hold rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $296.18.

Read Our Latest Stock Report on International Business Machines

Insider Buying and Selling

In related news, Director Michael Miebach bought 434 shares of International Business Machines stock in a transaction that occurred on Wednesday, February 25th. The shares were acquired at an average cost of $233.33 per share, for a total transaction of $101,265.22. Following the completion of the acquisition, the director directly owned 434 shares of the company’s stock, valued at approximately $101,265.22. The trade was a ? increase in their position. The purchase was disclosed in a document filed with the SEC, which is available at the SEC website. 0.27% of the stock is owned by insiders.

Key Stories Impacting International Business Machines

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

International Business Machines Stock Performance

Shares of IBM stock opened at $231.23 on Friday. The business’s 50 day simple moving average is $243.51 and its 200 day simple moving average is $278.87. International Business Machines Corporation has a one year low of $220.72 and a one year high of $324.90. The stock has a market capitalization of $217.33 billion, a PE ratio of 20.44, a PEG ratio of 2.35 and a beta of 0.69. The company has a debt-to-equity ratio of 1.75, a current ratio of 0.80 and a quick ratio of 0.76.

International Business Machines (NYSE:IBMGet Free Report) last announced 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 business had revenue of $15.92 billion for the quarter, compared to analysts’ expectations of $15.60 billion. During the same period in the prior year, the business posted $1.60 earnings per share. The firm’s revenue was up 9.5% on a year-over-year basis. As a group, research analysts forecast that International Business Machines Corporation will post 12.38 earnings per share for the current year.

International Business Machines Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, June 10th. Investors of record on Friday, May 8th will be issued a $1.69 dividend. The ex-dividend date is Friday, May 8th. This is a boost from International Business Machines’s previous quarterly dividend of $1.68. This represents a $6.76 annualized dividend and a yield of 2.9%. International Business Machines’s dividend payout ratio (DPR) is currently 59.42%.

International Business Machines Profile

(Free Report)

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.

Featured Stories

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Institutional Ownership by Quarter for International Business Machines (NYSE:IBM)

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