Filings Worth Watching: Intl Business Mchn (IBM) Shareholder Los Angeles Capital Management & Equity Research INC Boosted Holding by $4.23 Million

Filings Worth Watching: Intl Business Mchn (IBM) Shareholder Los Angeles Capital Management & Equity Research INC Boosted Holding by $4.23 Million

Los Angeles Capital Management & Equity Research Inc increased its stake in Intl Business Mchn (IBM) by 2.54% based on its latest 2016Q3 regulatory filing with the SEC. Los Angeles Capital Management & Equity Research Inc bought 26,746 shares as the company’s stock rose 4.27% with the market. The institutional investor held 1.08M shares of the computer manufacturing company at the end of 2016Q3, valued at $171.23M, up from 1.05M at the end of the previous reported quarter. Los Angeles Capital Management & Equity Research Inc who had been investing in Intl Business Mchn for a number of months, seems to be bullish on the $156.68 billion market cap company. The stock is up 0.83% or $1.38 after the positive news, hitting $166.9 per share. About 1.65 million shares traded hands. International Business Machines Corp. (NYSE:IBM) has risen 7.95% since June 7, 2016 and is uptrending. It has outperformed by 0.53% the S&P500.

Los Angeles Capital Management & Equity Research Inc, which manages about $15.74 billion and $12.00B US Long portfolio, decreased its stake in Dr Pepper Snapple Group (NYSE:DPS) by 175,936 shares to 239,421 shares, valued at $21.86M in 2016Q3, according to the filing. It also reduced its holding in General Dynamics Cor (NYSE:GD) by 67,232 shares in the quarter, leaving it with 258,970 shares, and cut its stake in Travelers Companies (NYSE:TRV).

Los Angeles Capital Management & Equity Research Inc is a California-based institutional investor with more than $15.74 billion AUM in December, 2014. Taken from Los Angeles Capital Management & Equity Research latest Adv, the fund reported to have 47 full and part-time employees. Among which 24 performing investment advisory and research functions. The institutional investor had between 26-100 clients.

Insitutional Activity: The institutional sentiment increased to 0.91 in Q3 2016. Its up 0.10, from 0.81 in 2016Q2. The ratio increased, as 63 funds sold all IBM shares owned while 634 reduced positions. 125 funds bought stakes while 510 increased positions. They now own 535.77 million shares or 0.91% less from 540.67 million shares in 2016Q2. Evermay Wealth Management Ltd Liability Corp has 6,775 shares for 0.54% of their US portfolio. Moreover, Atlanta Capital Grp Inc has 0.11% invested in International Business Machines Corp. (NYSE:IBM) for 3,267 shares. Private Asset Management Incorporated has 74,579 shares for 1.98% of their US portfolio. Reynders Mcveigh Mgmt, a Massachusetts-based fund reported 8,527 shares. Asset Management Advsr Ltd Liability holds 7.11% of its portfolio in International Business Machines Corp. (NYSE:IBM) for 46,840 shares. The Maine-based Bath Savings has invested 0.22% in International Business Machines Corp. (NYSE:IBM). Capital Sarl reported 8,870 shares or 0.12% of all its holdings. Natixis last reported 0.01% of its portfolio in the stock. Welch Forbes Ltd Liability Company, a Massachusetts-based fund reported 174,251 shares. First Republic Invest Mgmt Incorporated owns 285,144 shares or 0.42% of their US portfolio. The Connecticut-based Mark Sheptoff Planning Ltd has invested 0.03% in International Business Machines Corp. (NYSE:IBM). Moreover, Interest Investors has 0.42% invested in International Business Machines Corp. (NYSE:IBM) for 1.82M shares. United Asset Strategies Inc accumulated 23,968 shares or 1.33% of the stock. Analytic Invsts Llc holds 0.18% of its portfolio in International Business Machines Corp. (NYSE:IBM) for 103,701 shares. The Wisconsin-based Mason Street Advsrs Limited has invested 0.53% in International Business Machines Corp. (NYSE:IBM).

Insider Transactions: Since August 2, 2016, the stock had 1 buy, and 15 selling transactions for $10.37 million net activity. $961,695 worth of International Business Machines Corp. (NYSE:IBM) was sold by Clementi Erich. $3.15 million worth of shares were sold by IWATA JON C on Tuesday, November 15. The insider KELLY JOHN E III sold $427,761. $152,310 worth of International Business Machines Corp. (NYSE:IBM) shares were sold by Rhodin Michael D.. On Thursday, August 25 van Kralingen Bridget A sold $100,261 worth of the stock or 629 shares. $305,897 worth of International Business Machines Corp. (NYSE:IBM) was sold by PICCIANO ROBERT J. LeBlanc Robert J. also sold $2.55M worth of International Business Machines Corp. (NYSE:IBM) on Tuesday, August 9.

More notable recent International Business Machines Corp. (NYSE:IBM) news were published by: Nasdaq.com which released: “Commit To Purchase International Business Machines Corp. At $85, Earn 2.3 …” on January 11, 2017, also Fool.com with their article: “Will 2017 Be International Business Machines Corporation’s Best Year Yet?” published on December 30, 2016, Fool.com published: “How Risky Is International Business Machines Corp.?” on December 20, 2016. More interesting news about International Business Machines Corp. (NYSE:IBM) were released by: Fool.com and their article: “Will 2017 Be International Business Machines Corporation’s Worst Year Yet?” published on December 27, 2016 as well as Fool.com‘s news article titled: “Better Buy: International Business Machines Corporation vs. McDonald’s” with publication date: December 14, 2016.

According to Zacks Investment Research, “IBM is an information technology (IT) company. The company operates in five segments: Global Technology Services, Global Business Services, Software, Systems and Technology, and Global Financing. The Global Technology Services segment provides IT infrastructure services and business process services. The Global Business Services segment offers professional services and application management services. The Software segment consists primarily of middleware and operating systems software. The Systems and Technology segment provides computing power and storage solutions; and semiconductor technology products and packaging solutions. The Global Financing segment invests in financing assets, leverages with debt and manages the associated risks. IBM is headquartered in Armonk, New York.”

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

Out of 23 analysts covering International Business Machines (NYSE:IBM), 7 rate it a “Buy”, 3 “Sell”, while 13 “Hold”. This means 30% are positive. International Business Machines has been the topic of 62 analyst reports since July 21, 2015 according to StockzIntelligence Inc. The firm has “Buy” rating by S&P Research given on Thursday, August 27. The rating was maintained by Goldman Sachs on Tuesday, October 18 with “Neutral”. The stock has “Hold” rating given by Societe Generale on Monday, September 26. The firm has “Overweight” rating by Morgan Stanley given on Tuesday, October 18. Argus Research upgraded it to “Buy” rating and $175 target price in Wednesday, August 26 report. The firm has “Neutral” rating by Goldman Sachs given on Tuesday, April 19. The rating was initiated by Barclays Capital on Wednesday, October 14 with “Underweight”. The rating was maintained by Deutsche Bank with “Hold” on Tuesday, October 20. Bernstein maintained the stock with “Market Perform” rating in Tuesday, April 19 report. Barclays Capital maintained it with “Underweight” rating and $135 target price in Tuesday, October 18 report.

IBM Company Profile

International Business Machines Corporation (IBM), incorporated on June 16, 1911, is a technology company. The Firm operates through five divisions: Global Technology Services (GTS), Global Business Services (GBS), Software, Systems Hardware and Global Financing.

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