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International Business Machs (Call) (IBM) Holder Capstone Investment Advisors Trimmed Its Holding; Cadence Capital Management Has Lowered Its Progressive Ohio (PGR) Position by $523,680; Stock Rose

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Capstone Investment Advisors Llc decreased its stake in International Business Machs (Call) (IBM) by 21.34% based on its latest 2019Q2 regulatory filing with the SEC. Capstone Investment Advisors Llc sold 103,500 shares as the company’s stock rose 5.46% . The hedge fund held 381,400 shares of the computer manufacturing company at the end of 2019Q2, valued at $52.60M, down from 484,900 at the end of the previous reported quarter. Capstone Investment Advisors Llc who had been investing in International Business Machs (Call) for a number of months, seems to be less bullish one the $123.73 billion market cap company. The stock increased 0.93% or $1.29 during the last trading session, reaching $139.67. About 2.54M shares traded. International Business Machines Corporation (NYSE:IBM) has risen 1.89% since October 10, 2018 and is uptrending. It has outperformed by 1.89% the S&P500. Some Historical IBM News: 08/03/2018 – IBM CEO GINNI ROMETTY SPEAKS ON INVESTOR WEBCAST; 22/03/2018 – Accenture has spent more than $3 billion over the last three, years nearly half of it in fiscal 2017 on some 70 acquisitions, to boost its digital and cloud services in order to compete better with Cognizant and IBM; 19/03/2018 – Intersections Inc. Launches AI-Powered Identity Theft Protection with IBM Watson; 01/05/2018 – Nlyte Software Teams With IBM’s Watson IoT to Leverage Machine Learning for Enhanced Data Center Operations; 29/03/2018 – IBM – IBM ADOPTS NEW FASB GUIDANCE ON PENSION REPORTING CHANGE EFFECTIVE IN 2018; 21/04/2018 – DJ International Business Machines Cor, Inst Holders, 1Q 2018 (IBM); 04/04/2018 – How IBM’s game show winning supercomputer is solving problems before they occur; 29/03/2018 – IBM SAYS ADOPTION OF NEW REVENUE RECOGNITION GUIDANCE, EXPECTED TO MODESTLY INCREASE IBM’S OPERATING NON-GAAP EPS IN 2018 – SEC FILING; 23/03/2018 – Techedge considers new acquisitions following NIMBL takeover, plans Milan IPO – CEO; 15/05/2018 – Buffett told CNBC earlier this month the conglomerate had exited its holdings of International Business Machines and added 75 million shares of Apple in the quarter

Cadence Capital Management Llc decreased its stake in Progressive Corp Ohio (PGR) by 64.76% based on its latest 2019Q2 regulatory filing with the SEC. Cadence Capital Management Llc sold 6,546 shares as the company’s stock rose 5.29% . The institutional investor held 3,562 shares of the property-casualty insurers company at the end of 2019Q2, valued at $285,000, down from 10,108 at the end of the previous reported quarter. Cadence Capital Management Llc who had been investing in Progressive Corp Ohio for a number of months, seems to be less bullish one the $43.85B market cap company. The stock increased 0.82% or $0.61 during the last trading session, reaching $75.01. About 2.07 million shares traded. The Progressive Corporation (NYSE:PGR) has risen 36.28% since October 10, 2018 and is uptrending. It has outperformed by 36.28% the S&P500.

Analysts await International Business Machines Corporation (NYSE:IBM) to report earnings on October, 15. They expect $2.70 earnings per share, down 21.05% or $0.72 from last year’s $3.42 per share. IBM’s profit will be $2.39 billion for 12.93 P/E if the $2.70 EPS becomes a reality. After $3.17 actual earnings per share reported by International Business Machines Corporation for the previous quarter, Wall Street now forecasts -14.83% negative EPS growth.

Investors sentiment decreased to 0.98 in 2019 Q2. Its down 0.05, from 1.03 in 2019Q1. It turned negative, as 53 investors sold IBM shares while 532 reduced holdings. 115 funds opened positions while 460 raised stakes. 472.00 million shares or 0.21% less from 473.01 million shares in 2019Q1 were reported. Barry Investment Advsrs Ltd holds 2.33% or 49,371 shares in its portfolio. Evercore Wealth Management Limited Liability Company, New York-based fund reported 25,779 shares. Highstreet Asset Management owns 86,735 shares for 0.58% of their portfolio. Vident Inv Advisory Llc has invested 0.13% of its portfolio in International Business Machines Corporation (NYSE:IBM). Illinois-based Barbara Oil Com has invested 0.39% in International Business Machines Corporation (NYSE:IBM). Wg Shaheen And Assocs Dba Whitney And Com invested 0.15% of its portfolio in International Business Machines Corporation (NYSE:IBM). Arete Wealth Advisors Limited Liability Company owns 15,777 shares for 0.42% of their portfolio. Mogy Joel R Inv Counsel Incorporated holds 0.17% or 9,740 shares. Qs Investors Limited Liability invested in 51,791 shares. Cls Investments Ltd Liability Corporation owns 1,452 shares for 0.01% of their portfolio. 73,746 were accumulated by Charter Trust. Thompson Siegel & Walmsley Lc holds 8,572 shares or 0.02% of its portfolio. Exane Derivatives has invested 0% in International Business Machines Corporation (NYSE:IBM). 1,315 were accumulated by Bollard Gru Limited. Stifel invested in 0.42% or 1.17M shares.

Capstone Investment Advisors Llc, which manages about $16.83 billion and $13.82 billion US Long portfolio, upped its stake in Emerson Elec Co (Put) (NYSE:EMR) by 58,600 shares to 87,900 shares, valued at $5.87M in 2019Q2, according to the filing. It also increased its holding in Under Armour Inc (Put) (NYSE:UA) by 55,900 shares in the quarter, for a total of 65,500 shares, and has risen its stake in Grainger W W Inc (Put) (NYSE:GWW).

More notable recent International Business Machines Corporation (NYSE:IBM) news were published by: Finance.Yahoo.com which released: “Should Investors Buy IBM Stock This Month? – Yahoo Finance” on September 11, 2019, also Investorplace.com with their article: “Ginni Rometty’s Failure to Buy IBM Stock Speaks Volumes – Investorplace.com” published on October 10, 2019, Fool.com published: “Is IBM Stock a Buy? – Motley Fool” on September 27, 2019. More interesting news about International Business Machines Corporation (NYSE:IBM) were released by: Finance.Yahoo.com and their article: “IBM Positioned as a Leader in 2019 Gartner Magic Quadrant for Data Center Outsourcing and Hybrid Infrastructure Managed Services in Europe and Asia/Pacific – Yahoo Finance” published on October 03, 2019 as well as Finance.Yahoo.com‘s news article titled: “IBM Stock Can’t Take a Ninth Year of More-of-the-Same – Yahoo Finance” with publication date: September 12, 2019.

Investors sentiment decreased to 1.15 in 2019 Q2. Its down 0.07, from 1.22 in 2019Q1. It turned negative, as 35 investors sold PGR shares while 242 reduced holdings. 95 funds opened positions while 224 raised stakes. 444.06 million shares or 0.68% less from 447.09 million shares in 2019Q1 were reported. Tarbox Family Office reported 0.01% stake. Beck Mack And Oliver Ltd Liability holds 0.07% or 25,796 shares in its portfolio. The Illinois-based Driehaus Cap Mngmt Ltd has invested 0.01% in The Progressive Corporation (NYSE:PGR). Clearbridge Invs Ltd Llc invested in 0.13% or 1.88 million shares. Farmers And Merchants Invs Inc, Nebraska-based fund reported 274 shares. Smithfield Co invested 0.02% of its portfolio in The Progressive Corporation (NYSE:PGR). Duncker Streett And stated it has 12,000 shares or 0.22% of all its holdings. Evergreen Capital Mngmt Ltd owns 4,429 shares. Bryn Mawr Comm has invested 0.02% in The Progressive Corporation (NYSE:PGR). Bragg Financial Advsr Inc owns 112,475 shares. Utah Retirement Sys holds 0.17% or 110,189 shares in its portfolio. Alberta Invest Management holds 0.08% or 107,100 shares in its portfolio. Bogle Investment Limited Partnership De reported 161,815 shares. Stephens Ar owns 13,245 shares. 213,993 were accumulated by Aviva Public Limited Company.

Cadence Capital Management Llc, which manages about $4.62B and $999.47M US Long portfolio, upped its stake in Interpublic Group Cos Inc (NYSE:IPG) by 120,487 shares to 168,476 shares, valued at $3.81 million in 2019Q2, according to the filing. It also increased its holding in Fluidigm Corp Del (NASDAQ:FLDM) by 122,674 shares in the quarter, for a total of 265,236 shares, and has risen its stake in On Semiconductor Corp (ONNN).

International Business Machines Corporation (NYSE:IBM) Institutional Positions Chart

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Source: on 2019-10-10 09:30:29

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