After this afternoon's -1.2% drop to $172.83 per share, International Business Machines might just keep moving past its target price of $181.05. With an average analyst rating of buy, and target prices from $130.0 to $215.0, the stock's next move is anyone's guess.
The stock has an average amount of shares sold short at 2.2%, and a short ratio of 4.27. 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 61.5% 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 | $15,235,441,792 |
| 2024-03-31 | Blackrock Inc. | 8% | 75,103,070 | $12,980,070,601 |
| 2024-03-31 | State Street Corporation | 6% | 54,494,085 | $9,418,217,799 |
| 2024-03-31 | Geode Capital Management, LLC | 2% | 19,810,952 | $3,423,928,684 |
| 2024-03-31 | Bank of America Corporation | 2% | 16,355,044 | $2,826,643,781 |
| 2024-03-31 | Morgan Stanley | 2% | 14,168,806 | $2,448,796,064 |
| 2024-03-31 | Northern Trust Corporation | 1% | 9,291,918 | $1,605,923,055 |
| 2024-03-31 | Amundi | 1% | 9,218,499 | $1,593,234,043 |
| 2024-03-31 | Bank Of New York Mellon Corporation | 1% | 8,748,818 | $1,512,059,031 |
| 2024-03-31 | Legal & General Group PLC | 1% | 8,042,808 | $1,390,039,257 |
Besides an analyst consensus of some upside potential, other market factors point to there being mixed market sentiment on International Business Machines.
