International Business Machines shares rose 1.1% this afternoon to a price of $149.71. The stock is still trading within range of its average target price of $145.79, and over the last 52 weeks, it has recorded a 5.0% performance. Analysts have given the large-cap Computer Hardware stock target prices ranging from $110.0 to $179.0 dollars per share, with an average rating of buy.
International Business Machines's short interest — meaning the percentage of the share float that is being shorted — is lower than average at 2.8%. The stock's short ratio is 6.05. At 0.09%, the company's rate of insider ownership does not indicate that management is heavily invested in the corporation.
Another number to watch is the company's rate of institutional share ownership, which now stands at 57.9%. In conclusion, we believe there is mixed market sentiment regarding International Business Machines.
Institutions Invested in International Business Machines
| Date Reported | Holder | Percentage | Shares | Value |
|---|---|---|---|---|
| 2023-06-30 | Vanguard Group Inc | 9% | 81,710,807 | $12,233,178,566 |
| 2023-09-30 | Blackrock Inc. | 8% | 73,203,465 | $10,959,517,986 |
| 2023-06-30 | State Street Corporation | 6% | 54,441,615 | $8,150,623,181 |
| 2023-09-30 | Geode Capital Management, LLC | 2% | 17,562,102 | $2,629,276,807 |
| 2023-06-30 | Morgan Stanley | 2% | 14,338,299 | $2,146,631,252 |
| 2023-09-30 | Northern Trust Corporation | 1% | 9,970,674 | $1,492,740,555 |
| 2023-06-30 | Bank of America Corporation | 1% | 8,976,162 | $1,343,849,077 |
| 2023-09-30 | Bank Of New York Mellon Corporation | 1% | 8,691,369 | $1,301,211,833 |
| 2023-06-30 | JP Morgan Chase & Company | 1% | 8,454,981 | $1,265,821,451 |
| 2023-06-30 | Ameriprise Financial, Inc. | 1% | 7,933,922 | $1,187,812,091 |
