Can Market Sentiment Sustain IBM's Price Surge Today?

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
The above analysis is intended for educational purposes only and was performed on the basis of publicly available data. It is not to be construed as a recommendation to buy or sell any security. Any buy, sell, or other recommendations mentioned in the article are direct quotations of consensus recommendations from the analysts covering the stock, and do not represent the opinions of Market Inference or its writers. Past performance, accounting data, and inferences about market position and corporate valuation are not reliable indicators of future price movements. Market Inference does not provide financial advice. Investors should conduct their own review and analysis of any company of interest before making an investment decision.