Jennison Associates LLC Boosts Stake in International Business Machines Corporation $IBM

Jennison Associates LLC boosted its holdings in shares of International Business Machines Corporation (NYSE:IBM) by 199.0% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 597,242 shares of the technology company’s stock after purchasing an additional 397,494 shares during the period. Jennison Associates LLC owned about 0.06% of International Business Machines worth $168,518,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also made changes to their positions in the company. Brighton Jones LLC increased its holdings in International Business Machines by 12.4% in the 4th quarter. Brighton Jones LLC now owns 21,011 shares of the technology company’s stock worth $4,619,000 after acquiring an additional 2,323 shares in the last quarter. Trinity Legacy Partners LLC acquired a new stake in shares of International Business Machines in the second quarter valued at about $203,000. Sivia Capital Partners LLC grew its position in shares of International Business Machines by 10.6% in the second quarter. Sivia Capital Partners LLC now owns 1,938 shares of the technology company’s stock valued at $571,000 after purchasing an additional 186 shares during the period. McAdam LLC raised its position in shares of International Business Machines by 13.2% during the 2nd quarter. McAdam LLC now owns 2,911 shares of the technology company’s stock worth $858,000 after purchasing an additional 339 shares during the last quarter. Finally, Register Financial Advisors LLC lifted its stake in International Business Machines by 11.8% in the 2nd quarter. Register Financial Advisors LLC now owns 6,972 shares of the technology company’s stock valued at $2,055,000 after buying an additional 734 shares in the last quarter. 58.96% of the stock is currently owned by hedge funds and other institutional investors.

Key Headlines Impacting International Business Machines

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

• Positive Sentiment: JPMorgan and other analysts are bullish — a JPMorgan analyst said IBM’s stock is likely to rise, and other outlets report the stock trading higher following an analyst upgrade, providing near?term buying interest ahead of earnings. International Business Machines (NYSE:IBM) Stock Price Expected to Rise Trading 2.1% Higher After Analyst Upgrade
• Positive Sentiment: Evercore ISI raised its price target to $330 and added IBM to a tactical outperform list — a clear signal that some brokers see upside from current levels. Evercore ISI raises IBM price target to $330
• Positive Sentiment: Jefferies reiterates a Buy and sees potential reacceleration in software growth heading into the print — this supports expectations for upward estimate revisions in 2026. IBM software growth seen reaccelerating ahead of earnings: Jefferies
• Positive Sentiment: Research and product catalysts: IBM’s new machine?learning model for chip design (with Ansys and DARPA) is being touted as meaningful for next?gen chips — a longer?term tech differentiator tied to its AI strategy. Why IBM’s New Machine?Learning Model Is a Big Deal
• Positive Sentiment: Multiple earnings previews (Seeking Alpha, Zacks, The Motley Fool) highlight stronger Q4 prospects driven by consulting (AI uptake, Microsoft partnership), software/watsonx tailwinds and the Confluent deal — these previews raise the odds of an upside surprise. IBM Q4 Earnings Preview Unlocking Q4 Potential of IBM
• Neutral Sentiment: Reminder: IBM’s earnings date is Jan. 28 — expectations are elevated, so the report could amplify volatility. Mark Your Calendars for January 28
• Neutral Sentiment: Analyst commentary and roundup pieces (CNBC/Benzinga, Yahoo) largely expect a solid quarter but differ on valuation timing — useful for positioning but not immediate catalysts. CNBC Final Trades
• Negative Sentiment: Short?term price weakness: coverage notes and market pieces report the stock has slid recently despite higher targets — signaling profit?taking and that upgrades aren’t fully translating into immediate gains. IBM Stock Slides Even as Analysts Raise Targets

International Business Machines Stock Performance

NYSE:IBM opened at $292.43 on Friday. The company’s 50-day moving average is $302.13 and its two-hundred day moving average is $282.69. International Business Machines Corporation has a 1-year low of $214.50 and a 1-year high of $324.90. The company has a debt-to-equity ratio of 1.97, a current ratio of 0.93 and a quick ratio of 0.89. The firm has a market capitalization of $273.35 billion, a price-to-earnings ratio of 34.98, a PEG ratio of 2.85 and a beta of 0.70.

International Business Machines (NYSE:IBM) last released its quarterly earnings results on Wednesday, October 22nd. The technology company reported $2.65 EPS for the quarter, beating the consensus estimate of $2.45 by $0.20. International Business Machines had a net margin of 12.09% and a return on equity of 37.76%. The firm had revenue of $16.33 billion for the quarter, compared to analyst estimates of $16.10 billion. During the same quarter in the previous year, the company earned $2.30 EPS. The business’s revenue for the quarter was up 9.1% compared to the same quarter last year. Analysts forecast that International Business Machines Corporation will post 10.78 EPS for the current year.

Analysts Set New Price Targets

A number of equities analysts have commented on the company. UBS Group reissued a “sell” rating on shares of International Business Machines in a report on Tuesday, December 9th. Weiss Ratings reissued a “buy (b)” rating on shares of International Business Machines in a research note on Thursday. Evercore ISI lifted their target price on shares of International Business Machines from $315.00 to $330.00 and gave the stock an “outperform” rating in a research note on Tuesday. BMO Capital Markets upped their target price on shares of International Business Machines from $300.00 to $305.00 and gave the stock a “market perform” rating in a report on Thursday, October 23rd. Finally, Erste Group Bank raised shares of International Business Machines from a “hold” rating to a “buy” rating in a research note on Friday, December 5th. One research analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating, five have issued a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $306.86.

About International Business Machines

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.