International Business Machines Corp (IBM) Holder Caisse De Depot Et Placement Du Quebec Raised Position by $35.54 Million

July 18, 2017 - By Adrian Erickson

Investors sentiment is 0.91 in Q4 2016. Its the same as in 2016Q3. It has no change, as 83 investors sold IBM shares while 629 reduced holdings. only 113 funds opened positions while 533 raised stakes. 547.10 million shares or 2.12% more from 535.77 million shares in 2016Q3 were reported. Miller Howard Invests has invested 1.22% in International Business Machines Corp. (NYSE:IBM). Telos Capital Mngmt holds 3,990 shares or 0.29% of its portfolio. Sequoia Finance Advsr Limited Liability holds 0.67% of its portfolio in International Business Machines Corp. (NYSE:IBM) for 28,289 shares. Luxembourg-based Pictet And Cie (Europe) Sa has invested 0.13% in International Business Machines Corp. (NYSE:IBM). Roof Eidam & Maycock Adv invested in 14,376 shares. Mountain Pacific Invest Advisers Incorporated Id holds 0.08% or 4,403 shares. Carret Asset Lc owns 42,106 shares. Kelly Lawrence W Assoc Ca owns 93,582 shares for 3.45% of their portfolio. The New York-based Solaris Asset Mgmt Ltd Liability has invested 0.55% in International Business Machines Corp. (NYSE:IBM). Stewart West Indies Trading invested 2.14% in International Business Machines Corp. (NYSE:IBM). Loudon Invest Mgmt Limited Com holds 15,182 shares. Advsr Capital Mngmt Ltd Limited Liability Company stated it has 127,038 shares. Tiemann Invest Advsr Ltd Co invested in 1.05% or 6,446 shares. Oak Assoc Limited Oh reported 2.35% stake. Cowen Grp has 4,500 shares for 0.03% of their portfolio.

Since February 7, 2017, it had 1 insider buy, and 2 selling transactions for $732,394 activity. On Tuesday, February 7 the insider KAVANAUGH JAMES J sold $99,674. Gherson Diane J sold $895,900 worth of stock.

Caisse De Depot Et Placement Du Quebec increased its stake in International Business Machines Corp (IBM) by 5.27% based on its latest 2016Q4 regulatory filing with the SEC. Caisse De Depot Et Placement Du Quebec bought 215,400 shares as the company’s stock declined 15.88% while stock markets rallied. The institutional investor held 4.31 million shares of the computer manufacturing company at the end of 2016Q4, valued at $713.82 million, up from 4.09 million at the end of the previous reported quarter. Caisse De Depot Et Placement Du Quebec who had been investing in International Business Machines Corp for a number of months, seems to be bullish on the $142.61 billion market cap company. The stock decreased 0.81% or $1.25 during the last trading session, reaching $153.01. About 135 shares traded. International Business Machines Corp. (NYSE:IBM) has risen 4.86% since July 18, 2016 and is uptrending. It has underperformed by 11.84% the S&P500.

Caisse De Depot Et Placement Du Quebec, which manages about $39.56B US Long portfolio, decreased its stake in Allergan Plc by 86,100 shares to 5,450 shares, valued at $1.14 million in 2016Q4, according to the filing. It also reduced its holding in Ritchie Bros Auctioneers Inc (NYSE:RBA) by 1.30 million shares in the quarter, leaving it with 7.80M shares, and cut its stake in Alexion Pharmaceuticals Inc (NASDAQ:ALXN).

More notable recent International Business Machines Corp. (NYSE:IBM) news were published by: Seekingalpha.com which released: “Investors should now take a good look at IBM’s emergence as an early leader in …” on July 17, 2017, also Seekingalpha.com with their article: “IBM Earnings Prediction: Disappointment Or Enjoyment?” published on July 17, 2017, Seekingalpha.com published: “IBM Earnings Preview: Patience Is Running Thin” on July 17, 2017. More interesting news about International Business Machines Corp. (NYSE:IBM) were released by: Fool.com and their article: “How International Business Machines Corporation Makes Most of Its Money” published on June 27, 2017 as well as Seekingalpha.com‘s news article titled: “New era of encryption: IBM Z” with publication date: July 17, 2017.

International Business Machines Corp. (NYSE:IBM) Ratings Coverage

Among 26 analysts covering International Business Machines (NYSE:IBM), 7 have Buy rating, 5 Sell and 14 Hold. Therefore 27% are positive. International Business Machines has $20000 highest and $11000 lowest target. $157.52’s average target is 2.95% above currents $153.01 stock price. International Business Machines had 80 analyst reports since July 21, 2015 according to SRatingsIntel. The rating was maintained by Bernstein on Tuesday, April 19 with “Market Perform”. The stock has “Sector Perform” rating by RBC Capital Markets on Wednesday, April 19. As per Thursday, June 22, the company rating was maintained by Jefferies. The firm has “Hold” rating by BMO Capital Markets given on Tuesday, June 27. The stock of International Business Machines Corp. (NYSE:IBM) has “Overweight” rating given on Tuesday, October 18 by Morgan Stanley. BMO Capital Markets maintained the stock with “Market Perform” rating in Tuesday, July 19 report. The company was maintained on Tuesday, October 20 by RBC Capital Markets. The rating was initiated by Guggenheim with “Neutral” on Wednesday, January 4. The stock of International Business Machines Corp. (NYSE:IBM) has “Buy” rating given on Thursday, August 27 by S&P Research. The firm has “Market Perform” rating given on Tuesday, July 19 by Bernstein.

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