Trims Holdings in IBM (IBM)

Mindy Sparks
April 18, 2018

The SI to Carbonite Inc's float is 13.94%. The overall volume in the last trading session was 10,307,644 shares. About 41.14 million shares traded. Carbonite, Inc. (NASDAQ:CARB) has risen 44.44% since April 17, 2017 and is uptrending. It has outperformed by 0.48% the S&P500. Business Machines Corp (IBM)'s stock declined 0.39%. Therefore 53% are positive. IBM had 25 analyst reports since October 18, 2017 according to SRatingsIntel. As usual with a put sell, you keep the premium as long as IBM stock closes above $150 when April options expire. Finally, Barclays raised IBM from an "underweight" rating to an "overweight" rating and increased their price objective for the stock from $133.00 to $192.00 in a report on Wednesday, January 17th. Morgan Stanley maintained the shares of IBM in report on Wednesday, August 23 with "Buy" rating. The company was maintained on Friday, July 21 by Argus Research. The rating was maintained by Cantor Fitzgerald with "Hold" on Tuesday, April 19. Nomura has "Reduce" rating and $14 target. The firm has "Hold" rating by RBC Capital Markets given on Thursday, October 12.

Investors sentiment increased to 1.03 in Q4 2017. That's change of 0.29, from 2017Q3's 0.74. International Business Machines Corporation disclosed in a document filed with the US Securities and Exchange Commission (SEC) that Senior Vice President Gherson Diane J has sold 5,000 shares of International Business Machines Corporation (IBM) in trading session dated February 26, 2018. Finally, MPS Loria Financial Planners LLC bought a new position in shares of IBM during the second quarter valued at approximately $156,000.

IBM stock is now down roughly 5.5% to $152 per share in after-hours trading shortly after its earnings report was released. Services Automobile Association reported 427,603 shares.

At the end of 12/31/2017 reporting period, 972 institutional holders increased their position in International Business Machines Corporation (NYSE:IBM) by some 47,109,334 shares, 837 decreased positions by 58,981,099 and 206 held positions by 421,748,803.

Associated Banc-Corp decreased Illinois Tool Wks Inc (NYSE:ITW) stake by 2,775 shares to 44,902 valued at $7.49M in 2017Q4. Brick & Kyle Associate has invested 0.27% in International Business Machines Corporation (NYSE:IBM). Rhenman & Prtn Asset Mngmt Ab holds 0.04% or 1,766 shares. Foster Dykema Cabot And Inc Ma reported 0.23% of its portfolio in International Business Machines Corporation (NYSE:IBM). 13,657 were reported by Wilkins Investment Counsel. Landscape Cap Management Lc invested in 6,493 shares or 0.09% of the stock. King Wealth Mgmt Grp Incorporated Limited Liability Company invested 0.23% in International Business Machines Corporation (NYSE:IBM).

The tech giant's shares fell 5% in after-hours trading Tuesday, after closing up 1.9%. Arvest Bancorp Division holds 0.84% in International Business Machines Corporation (NYSE:IBM) or 78,099 shares. Tower Research Capital Lc (Trc) invested in 173,618 shares or 0.39% of the stock.

Since January 31, 2018, it had 1 insider buy, and 2 selling transactions for $2.69 million activity.

The Street is a bit more bullish than IBM's own guide looking for a minimum of $13.80 in EPS, with the Street betting on $13.83. WADDELL FREDERICK H bought $99,659 worth of International Business Machines Corporation (NYSE:IBM) on Wednesday, January 31. 5,000 shares were sold by Gherson Diane J, worth $780,000 on Monday, February 26.

Cognitive Solutions (includes solutions software and transaction processing software) – revenues of $4.3 billion, up 6 percent (up 2 percent adjusting for currency), driven by solutions software, including security, analytics, and industry platforms; and transaction processing software. The company has market cap of $11.87 billion. It offers data protection solutions, such as cloud, hybrid and on-premise backup and restore, disaster recovery as a service, and email archiving. It now has negative earnings. IBM will step into the earnings confessional after the close tomorrow, and chances of a post-earnings rally are high.

Total analysts of 17 have positions in IBM (NYSE:IBM) as follows: 9 rated it a "Buy", 2 with "Sell" and 6 with "Hold". Therefore 71% are positive. Carbonite had 16 analyst reports since September 21, 2015 according to SRatingsIntel. Stifel Nicolaus maintained General Electric Company (NYSE:GE) on Tuesday, January 30 with "Hold" rating. Morgan Stanley lowered IBM from an "equal weight" rating to an "underweight" rating and increased their price objective for the stock from $200.00 to $205.00 in a report on Tuesday, January 23rd. The stock of Greenhill & Co., Inc. BMO Capital Markets has "Hold" rating and $170.0 target. Keefe Bruyette & Woods upgraded it to "Hold" rating and $2200 target in Thursday, June 1 report. The company was initiated on Thursday, August 20 by Oppenheimer. The stock of International Business Machines Corporation (NYSE:IBM) earned "Hold" rating by RBC Capital Markets on Tuesday, July 11.

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