International Business Machs (IBM) Valuation Declined While National Planning Corp Cut Its Position by $3.14 Million

January 20, 2018 - By Louis Casey

Investors sentiment increased to 0.74 in Q3 2017. Its up 0.02, from 0.72 in 2017Q2. It increased, as 70 investors sold IBM shares while 676 reduced holdings. 100 funds opened positions while 451 raised stakes. 519.10 million shares or 2.22% less from 530.91 million shares in 2017Q2 were reported. Eagle Ridge Inv Mgmt invested in 0.08% or 3,183 shares. 1.29M are held by Canada Pension Plan Investment Board. Trust Department Mb Bancshares N A stated it has 0.06% in International Business Machines Corporation (NYSE:IBM). Haverford Tru Com owns 26,808 shares. Calamos Advsr Limited Com, Illinois-based fund reported 92,857 shares. Numeric Ltd Co accumulated 0.01% or 13,400 shares. Robeco Institutional Asset Management Bv has 0.16% invested in International Business Machines Corporation (NYSE:IBM) for 177,054 shares. Mycio Wealth Prns Ltd Liability Corporation invested 0.1% in International Business Machines Corporation (NYSE:IBM). Iberiabank has invested 0.08% in International Business Machines Corporation (NYSE:IBM). Spc Financial Incorporated owns 3,346 shares. Interocean Cap Ltd holds 0.05% or 2,312 shares. Rodgers Brothers stated it has 11,626 shares or 0.59% of all its holdings. 1St Source State Bank holds 38,722 shares. Dorsey & Whitney Tru Limited Liability Com reported 0.65% of its portfolio in International Business Machines Corporation (NYSE:IBM). Harvey Investment Ltd Com holds 0.13% or 4,552 shares.

National Planning Corp decreased its stake in International Business Machs (IBM) by 47.67% based on its latest 2017Q3 regulatory filing with the SEC. National Planning Corp sold 21,525 shares as the company’s stock declined 15.88% while stock markets rallied. The institutional investor held 23,628 shares of the computer manufacturing company at the end of 2017Q3, valued at $3.47M, down from 45,153 at the end of the previous reported quarter. National Planning Corp who had been investing in International Business Machs for a number of months, seems to be less bullish one the $150.32 billion market cap company. The stock decreased 3.99% or $6.75 during the last trading session, reaching $162.37. About 21.17 million shares traded or 299.14% up from the average. International Business Machines Corporation (NYSE:IBM) has risen 4.86% since January 20, 2017 and is uptrending. It has underperformed by 11.84% the S&P500.

More notable recent International Business Machines Corporation (NYSE:IBM) news were published by: Seekingalpha.com which released: “IBM Has Cryptomania Upside” on January 16, 2018, also Seekingalpha.com with their article: “IBM: Don’t Listen To The Negatives” published on January 18, 2018, Cnbc.com published: “IBM shares jump 2% after Barclays upgrade: ‘The worst may finally be over'” on January 17, 2018. More interesting news about International Business Machines Corporation (NYSE:IBM) were released by: Marketwatch.com and their article: “IBM could struggle just to meet its disappointing outlook” published on January 19, 2018 as well as Marketwatch.com‘s news article titled: “IBM walks back weekly share gains after results top Street view” with publication date: January 18, 2018.

International Business Machines Corporation (NYSE:IBM) Ratings Coverage

Among 33 analysts covering International Business Machines (NYSE:IBM), 13 have Buy rating, 4 Sell and 16 Hold. Therefore 39% are positive. International Business Machines had 121 analyst reports since July 21, 2015 according to SRatingsIntel. The firm earned “Buy” rating on Tuesday, April 19 by Drexel Hamilton. JMP Securities maintained International Business Machines Corporation (NYSE:IBM) rating on Tuesday, July 19. JMP Securities has “Market Outperform” rating and $172 target. On Monday, September 26 the stock rating was upgraded by Societe Generale to “Hold”. The stock has “Neutral” rating by JP Morgan on Tuesday, April 19. The rating was maintained by Stifel Nicolaus on Tuesday, October 20 with “Buy”. RBC Capital Markets upgraded the shares of IBM in report on Wednesday, January 3 to “Outperform” rating. As per Wednesday, October 18, the company rating was maintained by Barclays Capital. The firm earned “Buy” rating on Wednesday, August 26 by Argus Research. The stock of International Business Machines Corporation (NYSE:IBM) earned “Buy” rating by Argus Research on Wednesday, March 22. Stifel Nicolaus maintained the shares of IBM in report on Wednesday, June 7 with “Buy” rating.

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