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International Business Machs (IBM) Market Valuation Declined While Beech Hill Advisors Has Lowered by $4.07 Million Its Position; Ithaka Group Position in Align Technology (ALGN) Has Decreased as Shares Declined – The DMinute

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Beech Hill Advisors Inc decreased its stake in International Business Machs (IBM) by 86.8% based on its latest 2018Q3 regulatory filing with the SEC. Beech Hill Advisors Inc sold 26,971 shares as the company’s stock declined 16.83% with the market. The institutional investor held 4,100 shares of the computer manufacturing company at the end of 2018Q3, valued at $620,000, down from 31,071 at the end of the previous reported quarter. Beech Hill Advisors Inc who had been investing in International Business Machs for a number of months, seems to be less bullish one the $100.82B market cap company. The stock decreased 1.84% or $2.08 during the last trading session, reaching $110.94. About 10.39 million shares traded or 47.18% up from the average. International Business Machines Corporation (NYSE:IBM) has declined 21.12% since December 23, 2017 and is downtrending. It has underperformed by 21.12% the S&P500. Some Historical IBM News: 20/03/2018 – IBM Backs 2018 Adj EPS $13.80; 24/05/2018 – IBM Leads ‘Call for Code’ to Use Cloud, Data, AI, Blockchain for Natural Disaster Relief; 18/04/2018 – Tech Today: IBM Perplexes, Intel Changes, Chip Equipment Tanks — Barron’s Blog; 14/05/2018 – IBM Executives Press U.S. Lawmakers Not to Adopt EU Privacy Law; 17/04/2018 – IBM – IN ADDITION, SETTLED NUMBER OF U.S. AND FOREIGN TAX AUDITS, WHICH DROVE DISCRETE NONCASH TAX BENEFITS OF $810 MLN IN QUARTER- CONF CALL; 19/03/2018 – lntersections Inc. Launches Al-Powered Identity Theft Protection with IBM Watson; 08/03/2018 – IBM Targets Long-Term Revenue Growth in Low-Single-Digits; 15/03/2018 – MasterCard and IBM to set up European `data trust’; 08/03/2018 – IBM SAYS LONGER-TERM FINANCIAL MODEL POSITIONED FOR LOW SINGLE-DIGIT REV GROWTH – SEC FILING; 19/03/2018 – IBM GERMANY IS SAID TO PLAN SELLING PARTS OF SERVICE BUS.: WIWO

Ithaka Group Llc decreased its stake in Align Technology Inc (ALGN) by 7.25% based on its latest 2018Q3 regulatory filing with the SEC. Ithaka Group Llc sold 3,344 shares as the company’s stock declined 42.19% with the market. The institutional investor held 42,754 shares of the health care company at the end of 2018Q3, valued at $16.73 million, down from 46,098 at the end of the previous reported quarter. Ithaka Group Llc who had been investing in Align Technology Inc for a number of months, seems to be less bullish one the $15.93B market cap company. The stock increased 0.70% or $1.39 during the last trading session, reaching $199.17. About 1.98M shares traded or 38.58% up from the average. Align Technology, Inc. (NASDAQ:ALGN) has declined 10.24% since December 23, 2017 and is downtrending. It has underperformed by 10.24% the S&P500. Some Historical ALGN News: 09/05/2018 – 3SHAPE SAYS FILED THE PATENT INFRINGEMENT COMPLAINT ASSERTING THAT ALIGN TECHNOLOGY’S ITERO ELEMENTS INTRAORAL SCANNER INFRINGES 3SHAPE’S US ‘244 PATENT; 25/04/2018 – Align Technology Announces China Food and Drug Administration Approval for the iTero Element lntraoral Scanner; 25/04/2018 – Align Technology to Introduce Two New iTero Scanners Featuring Greater Power and Portability; 23/05/2018 – ALIGN TECHNOLOGY INC – LATEST AUTHORIZATION IS IN ADDITION TO EXISTING $300 MLN AUTHORIZATION ANNOUNCED IN APRIL 2016; 04/05/2018 – Align Technology Opens Invisalign® Treatment Planning and Training Facility in Germany; 05/03/2018 Kevin J. Dallas Joins Align Technology Board of Directors; 04/04/2018 – Align Technology Extends lnvisalign G5 Precision Bite Ramps to Vivera Retainers; 25/04/2018 – ALIGN TECHNOLOGY – DISPUTE DOES NOT IMPACT CO’S EXISTING SUPPLY AGREEMENT WITH SDC WHICH REMAINS IN PLACE THROUGH 2019; 25/04/2018 – ALIGN TECHNOLOGY – IN APRIL , SDC ENTITIES INITIATED PROCEEDINGS SEEKING TO PRELIMINARILY & PERMANENTLY REQUIRE CO TO CLOSE EXISTING INVISALIGN STORES; 26/04/2018 – ALIGN TECHNOLOGY INC ALGN.O : BARCLAYS RAISES TARGET PRICE BY 2 PCT TO $295

Since August 3, 2018, it had 5 insider purchases, and 1 insider sale for $426,695 activity. OWENS JAMES W had bought 1,000 shares worth $114,673. The insider TAUREL SIDNEY bought $495,846. $249,722 worth of International Business Machines Corporation (NYSE:IBM) was bought by WADDELL FREDERICK H. $998,835 worth of stock was bought by Rometty Virginia M on Friday, November 2. Another trade for 2,000 shares valued at $232,838 was made by Swedish Joseph on Thursday, November 1.

More notable recent International Business Machines Corporation (NYSE:IBM) news were published by: Mining.com which released: “Goldcorp and IBM find way to improve predictability for gold mineralization – MINING.com” on November 26, 2018, also Fool.com with their article: “Forget IBM, Microsoft Is a Better “Mature” Tech Stock – Motley Fool” published on December 15, 2018, Investorplace.com published: “3 Better Buys Than IBM Stock Right Now – Investorplace.com” on December 17, 2018. More interesting news about International Business Machines Corporation (NYSE:IBM) were released by: Businesswire.com and their article: “IBM Elects Martha E. Pollack to Its Board of Directors – Business Wire” published on December 11, 2018 as well as Investorplace.com‘s news article titled: “Here’s the Simple Reason Why I Think IBM Stock Is Dead Money – Investorplace.com” with publication date: November 30, 2018.

Beech Hill Advisors Inc, which manages about $252.81M and $192.85 million US Long portfolio, upped its stake in Intel Corp (NASDAQ:INTC) by 8,750 shares to 93,722 shares, valued at $4.43 million in 2018Q3, according to the filing. It also increased its holding in At&T Inc (NYSE:T) by 17,319 shares in the quarter, for a total of 147,399 shares, and has risen its stake in Dowdupont Inc.

Investors sentiment increased to 0.91 in 2018 Q3. Its up 0.01, from 0.9 in 2018Q2. It increased, as 65 investors sold IBM shares while 594 reduced holdings. 116 funds opened positions while 481 raised stakes. 492.69 million shares or 0.61% more from 489.70 million shares in 2018Q2 were reported. 34,101 were reported by Woodley Farra Manion Portfolio. Carret Asset Mgmt Ltd Liability Com invested in 0.77% or 32,915 shares. Birch Hill Advisors Ltd Liability Com accumulated 7,285 shares or 0.08% of the stock. Swedbank reported 0.76% of its portfolio in International Business Machines Corporation (NYSE:IBM). Shelton Mngmt has invested 0.37% in International Business Machines Corporation (NYSE:IBM). Raymond James And Assocs holds 0.16% of its portfolio in International Business Machines Corporation (NYSE:IBM) for 676,383 shares. Pinnacle Llc has 19,160 shares for 0% of their portfolio. Signaturefd Limited Liability Company reported 9,535 shares. Ogorek Anthony Joseph New York Adv owns 965 shares or 0.11% of their US portfolio. Hgk Asset Inc accumulated 73,917 shares. Gam Ag holds 0.48% or 86,542 shares in its portfolio. Asset Mngmt Inc accumulated 9,720 shares. Manufacturers Life Insur The has 1.18M shares for 0.19% of their portfolio. Grimes Company holds 0.38% of its portfolio in International Business Machines Corporation (NYSE:IBM) for 31,541 shares. Skba Capital Mgmt Limited Liability Com holds 2.9% or 148,110 shares.

Analysts await International Business Machines Corporation (NYSE:IBM) to report earnings on January, 17. They expect $4.86 EPS, down 6.18% or $0.32 from last year’s $5.18 per share. IBM’s profit will be $4.42 billion for 5.71 P/E if the $4.86 EPS becomes a reality. After $3.42 actual EPS reported by International Business Machines Corporation for the previous quarter, Wall Street now forecasts 42.11% EPS growth.

Among 35 analysts covering International Business Machines (NYSE:IBM), 14 have Buy rating, 5 Sell and 16 Hold. Therefore 40% are positive. International Business Machines had 142 analyst reports since July 21, 2015 according to SRatingsIntel. The rating was maintained by UBS with “Neutral” on Tuesday, July 19. Deutsche Bank maintained International Business Machines Corporation (NYSE:IBM) rating on Tuesday, July 19. Deutsche Bank has “Hold” rating and $145 target. The rating was maintained by RBC Capital Markets with “Hold” on Monday, November 13. Bank of America maintained International Business Machines Corporation (NYSE:IBM) rating on Thursday, January 18. Bank of America has “Buy” rating and $200.0 target. The rating was maintained by RBC Capital Markets with “Sector Perform” on Wednesday, October 28. Citigroup maintained it with “Neutral” rating and $160 target in Tuesday, October 18 report. The rating was maintained by Stifel Nicolaus with “Buy” on Wednesday, June 7. The stock of International Business Machines Corporation (NYSE:IBM) earned “Hold” rating by Deutsche Bank on Wednesday, January 20. As per Tuesday, April 19, the company rating was maintained by Drexel Hamilton. As per Wednesday, October 21, the company rating was maintained by Citigroup.

Among 17 analysts covering Align Technology (NASDAQ:ALGN), 14 have Buy rating, 0 Sell and 3 Hold. Therefore 82% are positive. Align Technology had 78 analyst reports since July 27, 2015 according to SRatingsIntel. The rating was maintained by Robert W. Baird on Tuesday, November 28 with “Buy”. The stock of Align Technology, Inc. (NASDAQ:ALGN) earned “Buy” rating by Jefferies on Wednesday, January 31. The rating was initiated by Credit Suisse on Wednesday, May 11 with “Outperform”. Leerink Swann maintained Align Technology, Inc. (NASDAQ:ALGN) on Friday, October 27 with “Buy” rating. The firm has “Outperform” rating by Credit Suisse given on Thursday, April 26. The firm has “Buy” rating by Credit Suisse given on Wednesday, January 31. The firm has “Outperform” rating by Leerink Swann given on Friday, July 28. Morgan Stanley maintained the stock with “Equal-Weight” rating in Thursday, April 26 report. The firm earned “Buy” rating on Monday, December 4 by Leerink Swann. The firm has “Hold” rating given on Friday, December 8 by Deutsche Bank.

Investors sentiment increased to 1.05 in Q3 2018. Its up 0.05, from 1 in 2018Q2. It improved, as 34 investors sold ALGN shares while 211 reduced holdings. 85 funds opened positions while 172 raised stakes. 59.45 million shares or 2.34% less from 60.87 million shares in 2018Q2 were reported. Daiwa Securities Grp Incorporated Inc reported 2,743 shares or 0.01% of all its holdings. Arrowstreet Partnership holds 536,683 shares or 0.47% of its portfolio. Pub Sector Pension Inv Board reported 0.01% in Align Technology, Inc. (NASDAQ:ALGN). Oppenheimer Asset Mngmt Inc has invested 0.1% in Align Technology, Inc. (NASDAQ:ALGN). Polen Capital Management Lc holds 4.7% or 2.11M shares in its portfolio. The New York-based Kepos Capital Limited Partnership has invested 0.02% in Align Technology, Inc. (NASDAQ:ALGN). Savings Bank Of Montreal Can accumulated 116,743 shares. Moreover, Bluemountain Ltd Liability Corporation has 0.03% invested in Align Technology, Inc. (NASDAQ:ALGN). Arete Wealth Advisors Limited Liability Company has 0.25% invested in Align Technology, Inc. (NASDAQ:ALGN) for 2,879 shares. Moreover, Rmb Capital Mgmt Limited Liability Corp has 0.56% invested in Align Technology, Inc. (NASDAQ:ALGN). Artisan Partners LP stated it has 0.25% in Align Technology, Inc. (NASDAQ:ALGN). Sheets Smith Wealth accumulated 3,041 shares or 0.25% of the stock. Crosspoint Capital Strategies Limited Liability Corporation accumulated 4,106 shares. Riverpark Cap Mngmt Lc stated it has 19,104 shares. Pnc Fincl Group Incorporated stated it has 0.01% in Align Technology, Inc. (NASDAQ:ALGN).

Since August 14, 2018, it had 0 insider purchases, and 10 sales for $28.36 million activity. LACOB JOSEPH sold $2.32M worth of stock. 25,000 Align Technology, Inc. (NASDAQ:ALGN) shares with value of $9.19M were sold by HOGAN JOSEPH M. $1.99M worth of Align Technology, Inc. (NASDAQ:ALGN) shares were sold by Puco Christopher C.. On Wednesday, August 29 Beard Simon sold $1.50M worth of Align Technology, Inc. (NASDAQ:ALGN) or 3,895 shares. Kolli Sreelakshmi sold $1.12 million worth of Align Technology, Inc. (NASDAQ:ALGN) on Tuesday, November 27. $2.35 million worth of Align Technology, Inc. (NASDAQ:ALGN) was sold by Relic Zelko on Tuesday, August 14.

Analysts await Align Technology, Inc. (NASDAQ:ALGN) to report earnings on January, 29. They expect $1.16 EPS, down 2.52% or $0.03 from last year’s $1.19 per share. ALGN’s profit will be $92.78M for 42.92 P/E if the $1.16 EPS becomes a reality. After $1.24 actual EPS reported by Align Technology, Inc. for the previous quarter, Wall Street now forecasts -6.45% negative EPS growth.

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

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Source: on 2018-12-23 13:00:00

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