Could International Business Machines Corp. Gain Strenght? Option Traders Don’t Think So

 Could International Business Machines Corp. Gain Strenght? Option Traders Don't Think So

In today’s session International Business Machines Corp. (IBM) recorded an unusually high (2,520) contracts volume of put trades. Someone, most probably a professional was a very active buyer of the December, 2016 put, expecting serious IBM decrease. With 2,520 contracts traded and 5804 open interest for the Dec, 16 contract, it seems this is a quite bearish bet. The option with symbol: IBM161216P00160000 closed last at: $3.35 or 47.2% down. About 301,206 shares traded hands. International Business Machines Corp. (NYSE:IBM) has risen 7.78% since April 12, 2016 and is uptrending. It has outperformed by 2.80% the S&P500.

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

Out of 22 analysts covering International Business Machines (NYSE:IBM), 7 rate it a “Buy”, 3 “Sell”, while 12 “Hold”. This means 32% are positive. $186 is the highest target while $110 is the lowest. The $152.20 average target is -4.91% below today’s ($160.06) stock price. International Business Machines has been the topic of 61 analyst reports since July 21, 2015 according to StockzIntelligence Inc. On Monday, September 26 the stock rating was upgraded by Societe Generale to “Hold”. Barclays Capital maintained the stock with “Underweight” rating in Tuesday, July 19 report. The rating was maintained by Citigroup on Tuesday, October 18 with “Neutral”. The firm has “Underperform” rating by Credit Suisse given on Tuesday, July 19. The rating was maintained by Morgan Stanley on Tuesday, July 19 with “Overweight”. The rating was maintained by Morgan Stanley with “Overweight” on Thursday, March 31. The firm has “Market Outperform” rating by JMP Securities given on Tuesday, July 19. The rating was initiated by Oppenheimer on Tuesday, August 16 with “Perform”. Drexel Hamilton initiated the shares of IBM in a report on Friday, October 9 with “Buy” rating. On Tuesday, September 22 the stock rating was maintained by Goldman Sachs with “Neutral”.

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 2016 Q2. Its down 0.04, from 0.85 in 2016Q1. The ratio worsened, 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.
Moreover, Natl Asset Management has 0.63% invested in International Business Machines Corp. (NYSE:IBM) for 20,664 shares. Rhumbline Advisers last reported 1.41M shares in the company. Stratos Wealth Partners Ltd last reported 47,385 shares in the company. Moreover, Roof Eidam Maycock Adv has 0.42% invested in International Business Machines Corp. (NYSE:IBM) for 5,253 shares. Round Table last reported 0.14% of its portfolio in the stock. Moreover, Wright Invsts Service has 0.7% invested in International Business Machines Corp. (NYSE:IBM) for 11,245 shares. Moreover, Fifth Third Bankshares has 0.39% invested in International Business Machines Corp. (NYSE:IBM) for 303,269 shares. Schaller Investment Group Inc last reported 12.86% of its portfolio in the stock. Lord Abbett & Ltd reported 968,487 shares or 0.46% of all its holdings. Telos Cap Mngmt has 3,639 shares for 0.27% of their US portfolio. Moreover, Davis has 0.24% invested in International Business Machines Corp. (NYSE:IBM) for 2,274 shares. Old West Invest Mngmt Limited Com last reported 6.56% of its portfolio in the stock. Wellington Mngmt Group Ltd Liability Partnership holds 0.04% of its portfolio in International Business Machines Corp. (NYSE:IBM) for 1.04 million shares. Parallax Volatility Advisers Ltd Partnership has invested 0.08% of its portfolio in International Business Machines Corp. (NYSE:IBM). Chesley Taft And Limited Com has 40,447 shares for 0.63% of their US portfolio.

Insider Transactions: Since August 2, 2016, the stock had 1 buying transaction, and 12 selling transactions for $6.74 million net activity. Rhodin Michael D. sold $152,310 worth of International Business Machines Corp. (NYSE:IBM) on Thursday, November 3. Another trade for 6,698 shares valued at $1.08 million was sold by KELLY JOHN E III. $305,897 worth of shares were sold by PICCIANO ROBERT J on Wednesday, August 31. $961,695 worth of shares were sold by Clementi Erich on Tuesday, August 23. $100,261 worth of International Business Machines Corp. (NYSE:IBM) was sold by van Kralingen Bridget A on Thursday, August 25. On Tuesday, October 25 FARR DAVID N bought $194,904 worth of the stock or 1,300 shares. 3,788 shares were sold by JETTER MARTIN, worth $607,865.

International Business Machines Corporation is a technology company. The company has a market cap of $153.19 billion. The Firm operates through five divisions: Global Technology Services (GTS), Global Business Services (GBS), Software, Systems Hardware and Global Financing. It has a 13.05 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: “Better Buy: International Business Machines Corporation vs. Oracle” on November 09, 2016, also Investorplace.com with their article: “International Business Machines Corp. (IBM) Stock Has Long-Term Oomph” published on November 11, 2016, Prnewswire.com published: “IT Services Stocks under Scanner — Xerox, International Business Machines …” on November 14, 2016. More interesting news about International Business Machines Corp. (NYSE:IBM) were released by: Fool.com and their article: “International Business Machines Corp: 3 Things You Need to Know” published on October 27, 2016 as well as Fool.com‘s news article titled: “International Business Machines Corp. Earnings: The Strategic Makeover Is 40 …” with publication date: October 18, 2016.

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