International Business Machines surged to $259.11 per share this morning, but it remains 12.01% above its mean target price of $231.33. There may still be room for more downwards movement — even after today's 13.3% drop. Analysts are giving the Large-Cap Computer Hardware stock on average rating of hold, with target prices ranging from $139.0 to $290.0 per share.
The stock has an average amount of shares sold short at 2.3%, and a short ratio of 5.94. The company's insiders own 0.12% 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 63.1% of International Business Machines's shares being owned by this investor type.
Institutions Invested in International Business Machines
| Date Reported | Holder | Percentage | Shares | Value |
|---|---|---|---|---|
| 2024-09-30 | Vanguard Group Inc | 10% | 90,299,364 | $23,397,466,883 |
| 2024-09-30 | Blackrock Inc. | 8% | 77,541,977 | $20,091,900,524 |
| 2024-09-30 | State Street Corporation | 6% | 55,671,883 | $14,425,140,788 |
| 2024-09-30 | Geode Capital Management, LLC | 2% | 20,482,147 | $5,307,128,809 |
| 2024-09-30 | Bank of America Corporation | 2% | 17,434,587 | $4,517,475,582 |
| 2024-09-30 | Morgan Stanley | 2% | 14,147,286 | $3,665,703,068 |
| 2024-09-30 | JP Morgan Chase & Company | 1% | 12,101,374 | $3,135,586,839 |
| 2024-09-30 | Northern Trust Corporation | 1% | 9,141,784 | $2,368,727,518 |
| 2024-09-30 | Legal & General Group PLC | 1% | 9,041,630 | $2,342,776,616 |
| 2024-09-30 | Bank Of New York Mellon Corporation | 1% | 8,280,201 | $2,145,482,759 |
Besides an analyst belief that shares are overpriced, other market factors point to there being negative market sentiment on International Business Machines.
