Perigon Wealth Management LLC Has $4.89 Million Stock Holdings in International Business Machines Co. (NYSE:IBM)

Perigon Wealth Management LLC raised its stake in International Business Machines Co. (NYSE:IBM) by 5.8% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 21,960 shares of the technology company’s stock after purchasing an additional 1,213 shares during the period. Perigon Wealth Management LLC’s holdings in International Business Machines were worth $4,890,000 at the end of the most recent quarter.

Several other large investors also recently modified their holdings of IBM. Ellenbecker Investment Group grew its stake in International Business Machines by 2.3% in the 3rd quarter. Ellenbecker Investment Group now owns 2,049 shares of the technology company’s stock valued at $453,000 after buying an additional 46 shares during the last quarter. Goldstein Advisors LLC grew its position in shares of International Business Machines by 4.0% in the third quarter. Goldstein Advisors LLC now owns 1,217 shares of the technology company’s stock valued at $269,000 after purchasing an additional 47 shares during the last quarter. Vertex Planning Partners LLC increased its stake in shares of International Business Machines by 3.6% during the third quarter. Vertex Planning Partners LLC now owns 1,346 shares of the technology company’s stock worth $298,000 after purchasing an additional 47 shares during the period. Forza Wealth Management LLC lifted its holdings in International Business Machines by 0.4% during the 4th quarter. Forza Wealth Management LLC now owns 13,153 shares of the technology company’s stock worth $2,891,000 after purchasing an additional 47 shares during the last quarter. Finally, Sollinda Capital Management LLC boosted its stake in International Business Machines by 3.7% in the 3rd quarter. Sollinda Capital Management LLC now owns 1,360 shares of the technology company’s stock valued at $301,000 after purchasing an additional 49 shares during the period. 58.96% of the stock is owned by institutional investors.

Insider Transactions at International Business Machines

In other news, SVP Nickle Jaclyn Lamoreaux sold 3,600 shares of the business’s stock in a transaction dated Friday, November 8th. The stock was sold at an average price of $215.20, for a total transaction of $774,720.00. Following the sale, the senior vice president now directly owns 25,390 shares in the company, valued at approximately $5,463,928. The trade was a 12.42 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Company insiders own 0.07% of the company’s stock.

International Business Machines Trading Up 0.5 %

Shares of International Business Machines stock opened at $225.34 on Wednesday. The firm has a market capitalization of $208.36 billion, a PE ratio of 32.80, a price-to-earnings-growth ratio of 4.78 and a beta of 0.74. The company has a current ratio of 1.06, a quick ratio of 1.01 and a debt-to-equity ratio of 2.16. The firm’s 50 day moving average is $224.65 and its 200 day moving average is $213.14. International Business Machines Co. has a 1 year low of $162.62 and a 1 year high of $239.35.

Analysts Set New Price Targets

A number of research firms have recently weighed in on IBM. DZ Bank downgraded International Business Machines from a “buy” rating to a “hold” rating and set a $215.00 target price for the company. in a report on Wednesday, October 2nd. Bernstein Bank boosted their price objective on shares of International Business Machines from $185.00 to $210.00 and gave the company a “market perform” rating in a report on Thursday, October 3rd. JPMorgan Chase & Co. raised their target price on shares of International Business Machines from $227.00 to $233.00 and gave the stock a “neutral” rating in a report on Thursday, January 23rd. Royal Bank of Canada reiterated an “outperform” rating and issued a $250.00 price target on shares of International Business Machines in a research note on Monday. Finally, UBS Group raised their price objective on International Business Machines from $150.00 to $160.00 and gave the stock a “sell” rating in a research note on Tuesday, January 14th. Two research analysts have rated the stock with a sell rating, nine have given a hold rating and five have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $220.40.

International Business Machines Company Profile

International Business Machines Corporation, together with its subsidiaries, provides integrated solutions and services worldwide. The company operates through Software, Consulting, Infrastructure, and Financing segments. The Software segment offers a hybrid cloud and AI platforms that allows clients to realize their digital and AI transformations across the applications, data, and environments in which they operate.