What’s in International Business Machines Corp. After Today’s Bearish Options Activity?

 What's in International Business Machines Corp. After Today's Bearish Options Activity?

In today’s session International Business Machines Corp. (IBM) recorded an unusually high (307) contracts volume of put trades. Someone, most probably a professional was a very active buyer of the January, 2017 put, expecting serious IBM decrease. With 307 contracts traded and 36904 open interest for the Jan, 17 contract, it seems this is a quite bearish bet. The option with symbol: IBM170120P00160000 closed last at: $9.85 or 10.5% down. About 1.46M shares traded hands. International Business Machines Corp. (NYSE:IBM) has risen 2.20% since March 29, 2016 and is uptrending. It has underperformed by 1.28% the S&P500.

International Business Machines Corp. (NYSE:IBM) Ratings Coverage

Out of 21 analysts covering International Business Machines (NYSE:IBM), 6 rate it a “Buy”, 3 “Sell”, while 12 “Hold”. This means 29% are positive. International Business Machines has been the topic of 60 analyst reports since July 21, 2015 according to StockzIntelligence Inc. Barclays Capital maintained the stock with “Underweight” rating in Tuesday, July 19 report. Deutsche Bank maintained International Business Machines Corp. (NYSE:IBM) on Tuesday, October 20 with “Hold” rating. Cantor Fitzgerald maintained International Business Machines Corp. (NYSE:IBM) rating on Tuesday, April 19. Cantor Fitzgerald has “Hold” rating and $135 price target. The firm has “Underperform” rating given on Tuesday, July 19 by Credit Suisse. Morgan Stanley maintained the stock with “Overweight” rating in Tuesday, October 18 report. The stock of International Business Machines Corp. (NYSE:IBM) earned “Sector Perform” rating by RBC Capital Markets on Tuesday, October 20. The firm has “Overweight” rating given on Thursday, February 18 by Morgan Stanley. The firm earned “Hold” rating on Wednesday, January 20 by Deutsche Bank. The rating was maintained by RBC Capital Markets on Monday, January 18 with “Sector Perform”. The company was upgraded on Monday, September 26 by Societe Generale.

According to Zacks Investment Research, “IBM is an information technology (IT) company. The company operates in five segments: Global Technology Services, Global Business Services, Software, Systems and Technology, and Global Financing. The Global Technology Services segment provides IT infrastructure services and business process services. The Global Business Services segment offers professional services and application management services. The Software segment consists primarily of middleware and operating systems software. The Systems and Technology segment provides computing power and storage solutions; and semiconductor technology products and packaging solutions. The Global Financing segment invests in financing assets, leverages with debt and manages the associated risks. IBM is headquartered in Armonk, New York.”

Insitutional Activity: The institutional sentiment decreased to 0.81 in Q2 2016. Its down 0.04, from 0.85 in 2016Q1. The ratio dropped, as 70 funds sold all International Business Machines Corp. 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.
Capstone Asset Mgmt last reported 0.57% of its portfolio in the stock. Alliancebernstein L P reported 2.65M shares or 0.35% of all its holdings. Winfield Assoc owns 748 shares or 0.07% of their US portfolio. Fort Washington Investment Advsrs Incorporated Oh has 1.17% invested in the company for 412,022 shares. Cadence State Bank Na last reported 1.49% of its portfolio in the stock. Ncm Management Grp Inc holds 250 shares or 0.46% of its portfolio. Moreover, Community Bancorp Na has 4.78% invested in International Business Machines Corp. (NYSE:IBM) for 133,577 shares. Atlanta Cap has invested 0.12% of its portfolio in International Business Machines Corp. (NYSE:IBM). Flippin Bruce & Porter has 2.68% invested in the company for 59,595 shares. Kelly Lawrence W & Associates Ca holds 3.36% or 95,831 shares in its portfolio. Osborne Partners Cap Mngmt Ltd Llc reported 34,862 shares or 0.79% of all its holdings. Alecta Pensionsforsakring Omsesidigt accumulated 3.71% or 2.50 million shares. James Research Inc holds 103,137 shares or 0.4% of its portfolio. World Asset Mgmt Inc owns 94,774 shares or 0.55% of their US portfolio. The Pennsylvania-based Fulton National Bank Na has invested 0.3% in International Business Machines Corp. (NYSE:IBM).

Insider Transactions: Since May 5, 2016, the stock had 1 insider buy, and 12 insider sales for $7.35 million net activity. 15,708 International Business Machines Corp. (NYSE:IBM) shares with value of $2.55 million were sold by LeBlanc Robert J.. Clementi Erich also sold $961,695 worth of International Business Machines Corp. (NYSE:IBM) on Tuesday, August 23. Shares for $50,177 were sold by van Kralingen Bridget A on Thursday, October 20. $305,897 worth of International Business Machines Corp. (NYSE:IBM) shares were sold by PICCIANO ROBERT J. On Friday, May 6 Gherson Diane J sold $438,942 worth of the stock or 2,986 shares. JETTER MARTIN also sold $607,865 worth of International Business Machines Corp. (NYSE:IBM) shares. FARR DAVID N bought $194,904 worth of stock.

International Business Machines Corporation is a technology company. The company has a market cap of $145.37 billion. The Firm operates through five divisions: Global Technology Services (GTS), Global Business Services (GBS), Software, Systems Hardware and Global Financing. It has a 12.52 P/E ratio. The Company’s GTS segment offers services, including strategic outsourcing, integrated technology services, cloud and technology support services (maintenance services).

IBM Company Profile

International Business Machines Corporation (IBM), incorporated on June 16, 1911, is a technology company. The Firm operates through five divisions: Global Technology Services (GTS), Global Business Services (GBS), Software, Systems Hardware and Global Financing.

More notable recent International Business Machines Corp. (NYSE:IBM) news were published by: Fool.com which released: “International Business Machines Corp: 3 Things You Need to Know” on October 27, 2016, also Fool.com with their article: “International Business Machines Corp. Earnings: The Strategic Makeover Is 40 …” published on October 18, 2016, Nasdaq.com published: “Earnings Reaction History: International Business Machines Corp., 60.0% Follow …” on October 17, 2016. More interesting news about International Business Machines Corp. (NYSE:IBM) were released by: Investorplace.com and their article: “3 Big Stock Charts: International Business Machines Corp. (IBM), Express …” published on October 26, 2016 as well as Seekingalpha.com‘s news article titled: “International Business Machines Corporation: We Were About To Leave; Then …” with publication date: October 11, 2016.

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