New York State Teachers Retirement System Decreased Stake in International Business Machines (NYSE:IBM) by $4.34 Million as Shares Rose


New York State Teachers Retirement System decreased its stake in International Business Machines (NYSE:IBM) by 1.65% based on its latest 2016Q2 regulatory filing with the SEC. New York State Teachers Retirement System sold 28,747 shares as the company’s stock rose 11.40% with the market. The institutional investor held 1.72M shares of the computer manufacturing company at the end of 2016Q2, valued at $259.79M, down from 1.74M at the end of the previous reported quarter. New York State Teachers Retirement System who had been investing in International Business Machines for a number of months, seems to be less bullish one the $151.42 billion market cap company. The stock decreased 1.57% or $2.48 on September 13, hitting $155.81. About 3.26M shares traded hands or 4.15% up from the average. International Business Machines Corp. (NYSE:IBM) has risen 24.66% since February 8, 2016 and is uptrending. It has outperformed by 8.17% the S&P500.

New York State Teachers Retirement System, which manages about $37.86B US Long portfolio, upped its stake in Realty Income Corp (NYSE:O) by 68,577 shares to 446,327 shares, valued at $27.90M in 2016Q2, according to the filing. It also increased its holding in Facebook Inc Cl A (NASDAQ:FB) by 62,649 shares in the quarter, for a total of 4.39M shares, and has risen its stake in Cameron International Corp Com (NYSE:CAM).

The institutional sentiment decreased to 0.81 in 2016 Q2. Its down 0.04, from 0.85 in 2016Q1. The ratio worsened, as 70 funds sold all IBM shares owned while 663 reduced positions. 85 funds bought stakes while 507 increased positions. They now own 540.67 million shares or 8.01% less from 587.72 million shares in 2016Q1.

Rwwm Inc. holds 8.35% of its portfolio in IBM for 134,841 shares. Augustine Asset Management Inc owns 66,949 shares or 8.12% of their US portfolio. Moreover, Torchmark Corp has 7.33% invested in the company for 55,400 shares. The Virginia-based Greylin Investment Mangement Inc has invested 7.03% in the stock. Asset Management Advisors Llc, a Oklahoma-based fund reported 46,235 shares.

Out of 20 analysts covering International Business Machines Corp. (NYSE:IBM), 5 rate it a “Buy”, 4 “Sell”, while 11 “Hold”. This means 25% are positive. International Business Machines Corp. has been the topic of 46 analyst reports since September 22, 2015 according to StockzIntelligence Inc. Oppenheimer initiated the stock on August 16 with “Perform” rating.

International Business Machines Corporation is a technology company. The company has a market cap of $151.42 billion. The Firm operates through five divisions: Global Technology Services (GTS), Global Business Services (GBS), Software, Systems Hardware and Global Financing. It has a 12.66 P/E ratio. The Company’s GTS segment offers services, including strategic outsourcing, integrated technology services, cloud and technology support services (maintenance services).

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