International Business Machines shares rose 2.0% this morning to a price of $173.34. The stock is still trading within range of its average target price of $181.57, and over the last 52 weeks, it has recorded a 32.6% performance. Analysts have given the Large-Cap Computer Hardware stock target prices ranging from $130.0 to $215.0 dollars per share, with an average rating of buy.
The stock has an average amount of shares sold short at 2.2%, and a short ratio of 4.58. The company's insiders own 0.11% of its outstanding shares, which indicates a strong alignment between management and shareholder interests. Finally, we also note that an average number of institutional investors are invested in the stock, with 61.3% of International Business Machines's shares being owned by this investor type.
Institutions Invested in International Business Machines
| Date Reported | Holder | Percentage | Shares | Value |
|---|---|---|---|---|
| 2024-03-31 | Vanguard Group Inc | 10% | 88,152,714 | $15,280,391,121 |
| 2024-03-31 | Blackrock Inc. | 8% | 75,103,070 | $13,018,365,878 |
| 2024-03-31 | State Street Corporation | 6% | 54,494,085 | $9,446,004,494 |
| 2024-03-31 | Geode Capital Management, LLC | 2% | 19,810,952 | $3,434,030,347 |
| 2024-03-31 | Bank of America Corporation | 2% | 16,355,044 | $2,834,983,267 |
| 2024-03-31 | Morgan Stanley | 2% | 14,168,806 | $2,456,020,780 |
| 2024-03-31 | Northern Trust Corporation | 1% | 9,291,918 | $1,610,661,032 |
| 2024-03-31 | Amundi | 1% | 9,218,499 | $1,597,934,582 |
| 2024-03-31 | Bank Of New York Mellon Corporation | 1% | 8,748,818 | $1,516,520,080 |
| 2024-03-31 | Legal & General Group PLC | 1% | 8,042,808 | $1,394,140,309 |
Besides an analyst consensus of some upside potential, other market factors point to there being mixed market sentiment on International Business Machines.
