International Business Machines Corporation (NYSE:IBM) Reaches Overbought Range


Horan Securities Inc. now owns 936 shares of the technology company's stock worth $144,000 after acquiring an additional 837 shares in the last quarter. Herndon Capital Management LLC now owns 695 shares of the technology company's stock worth $107,000 after acquiring an additional 195 shares in the last quarter. Facebook Inc now has $508.18 billion valuation. Days to cover increased from 5.0 to 6.0 and the percentage of shorted shares is 0.02% as of September 29. Heron Therapeutics Inc (NASDAQ:HRTX) has declined 20.92% since October 21, 2016 and is downtrending. It has underperformed by 27.65% the S&P500.

Cadinha & Co Llc decreased its stake in Intl Business Machines (IBM) by 38.87% based on its latest 2017Q2 regulatory filing with the SEC.

Among 52 analysts covering Facebook (NASDAQ:FB), 48 have Buy rating, 2 Sell and 2 Hold. International Business Machines now has $151.04B valuation. In terms of the stock price in relation to its moving averages, company shares are 9.56% away from the 20-day moving average and 11.71% off of the 50-day average. Honkamp Krueger Financial Services Inc. raised its stake in shares of International Business Machines Corporation by 4.3% during the third quarter. It has underperformed by 11.84% the S&P500.

Halsey Associates Inc, which manages about $849.92 million and $487.03M US Long portfolio, upped its stake in Nike (NYSE:NKE) by 97,769 shares to 115,292 shares, valued at $6.80 million in 2017Q2, according to the filing. The fund owned 2,700 shares of the technology company's stock after selling 3,500 shares during the period. Spdr Series Trust (ITE) was reduced too.

Among 21 analysts covering Autozone Inc. The stock of ICON PLC (NASDAQ:ICLR) has "Buy" rating given on Monday, October 9 by Jefferies. Therefore 61% are positive. The company realized a fall in short interest of -3.16% as of the latest report on September 29, 2017. The rating was maintained by Jefferies with "Sell" on Wednesday, September 20. (NYSE:IBM) earned "Overweight" rating by Morgan Stanley on Thursday, February 18. The company was maintained on Monday, July 17 by Jefferies. The firm has "Buy" rating by Goldman Sachs given on Friday, December 16. The stock of Heron Therapeutics Inc (NASDAQ:HRTX) earned "Buy" rating by Noble Financial on Thursday, August 10. (NYSE:IBM) on Wednesday, July 19 with "Hold" rating. Wedbush initiated coverage on the stock setting a rating of "Neutral". As per Friday, August 14, the company rating was downgraded by Zacks.

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Investors sentiment decreased to 1.14 in Q2 2017. Its up 0.05, from 1.35 in 2017Q1.

Handy & Harman a holding company. 69 funds opened positions while 216 raised stakes. Brean Capital maintained the shares of HRTX in report on Monday, August 10 with "Buy" rating. Newman Dignan And Sheerar has 1,915 shares for 0.16% of their portfolio. Gabelli And Investment Advisers invested in 2.75% or 392,798 shares. Girard Partners Limited holds 3,972 shares. Regions Financial Corp acquired 7,094 shares as Analog Devices Inc (ADI)'s stock declined 1.50%. (NYSE:RAI). Ubs Asset Mgmt Americas reported 2.43 million shares stake. Holdings, Inc. (NYSE:AXL). Hbk Invs Lp has invested 0.02% of its portfolio in American Axle & Manufact. (NYSE:RAI). World Asset Management Inc accumulated 0.17% or 74,996 shares. Advisory Svcs Net Llc holds 356 shares or 0% of its portfolio. (NYSE:RAI) for 3.96 million shares. Advisors Preferred Ltd Co holds 0.04% or 4,361 shares in its portfolio.

Investors sentiment decreased to 0.72 in 2017 Q2. Its down 0.23, from 1.29 in 2017Q1.

A number of hedge funds have recently bought and sold shares of IBM.

A number of hedge funds have recently made changes to their positions in the business. 530.91 million shares or 0.81% less from 535.24 million shares in 2017Q1 were reported. Cornerstone reported 2,100 shares.

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On July 19 the company was rated "Buy" according to a Standpoint Research report up from the previous "Hold" rating. (NYSE:IBM) for 23,164 shares. Vetr cut shares of International Business Machines Corporation from a buy rating to a hold rating and set a $160.68 price objective for the a research note on Thursday. Bridges Invest Mgmt Incorporated has 0.09% invested in International Business Machines Corp. Ironwood Financial Limited Liability Company invested in 0% or 50 shares. (NYSE:IBM). Moreover, Magnetar Ltd Liability has 0.04% invested in International Business Machines Corp. Glenmede Na owns 548,510 shares. The legal version of this piece of content can be read at Stephens Incorporated Ar holds 0.33% in Blackstone Group LP (NYSE:BX) or 288,422 shares. International Business Machines Corporation has a one year low of $139.13 and a one year high of $182.79.

IBM has been the topic of several research reports. Cantor Fitzgerald reiterated a "hold" rating and issued a $154.00 price objective (down from $166.00) on shares of International Business Machines Corporation in a research report on Wednesday, July 19th. Therefore 28% are positive. The stock has "Sector Perform" rating by RBC Capital Markets on Monday, January 18. The firm earned "Buy" rating on Friday, July 21 by Argus Research. Proficio Capital Partners LLC boosted its position in International Business Machines Corporation by 85.1% in the 1st quarter. (NYSE:IBM) has "Buy" rating given on Friday, January 8 by Stifel Nicolaus. The stock has "Underperform" rating by Credit Suisse on Tuesday, July 19. The firm has "Buy" rating by Bank of America given on Wednesday, November 23. UBS maintained the stock with "Neutral" rating in Tuesday, October 20 report. The firm has "Neutral" rating given on Thursday, November 3 by Buckingham Research. As per Wednesday, October 11, the company rating was maintained by Piper Jaffray.

Since May 16, 2017, it had 1 buying transaction, and 0 insider sales for $263,180 activity.

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