IBM (IBM) Stock “Buy” Rating Reconfirmed at RBC Capital; The PT is $180.0000; Azimuth Capital Management Raised By $523,920 Its Iron Mountain (IRM) Stake

April 17, 2018 - By Ellis Scott

Iron Mountain Incorporated (NYSE:IRM) Logo

RBC Capital have a $180.0000 target price on the stock. The target price indicates a potential upside of 12.00% from IBM (NYSE:IBM)‘s previous close. This rating was revealed to investors in analysts report on Tuesday morning.

Azimuth Capital Management Llc increased Iron Mountain Inc (IRM) stake by 29.67% reported in 2017Q4 SEC filing. Azimuth Capital Management Llc acquired 14,160 shares as Iron Mountain Inc (IRM)’s stock declined 15.29%. The Azimuth Capital Management Llc holds 61,880 shares with $2.34M value, up from 47,720 last quarter. Iron Mountain Inc now has $9.73 billion valuation. The stock increased 1.49% or $0.5 during the last trading session, reaching $34.11. About 448,404 shares traded. Iron Mountain Incorporated (NYSE:IRM) has declined 7.75% since April 17, 2017 and is downtrending. It has underperformed by 19.30% the S&P500.

Investors sentiment increased to 1.03 in 2017 Q4. Its up 0.29, from 0.74 in 2017Q3. It increased, as 54 investors sold International Business Machines Corporation shares while 604 reduced holdings. 156 funds opened positions while 519 raised stakes. 504.07 million shares or 2.90% less from 519.10 million shares in 2017Q3 were reported. 5,352 are owned by Private Wealth Prns Ltd Liability Corporation. Somerville Kurt F stated it has 0.21% in International Business Machines Corporation (NYSE:IBM). Maplelane Capital has 1 shares. Aviance Capital Partners Limited Liability Corporation invested 0.19% of its portfolio in International Business Machines Corporation (NYSE:IBM). Sumitomo Life Insurance reported 0.53% in International Business Machines Corporation (NYSE:IBM). Fort Washington Invest Inc Oh stated it has 0.67% in International Business Machines Corporation (NYSE:IBM). Benjamin F Edwards has 43,857 shares. 9,533 were reported by Marble Harbor Counsel Ltd Liability Co. Lombard Odier Asset (Switzerland) Sa reported 0.06% of its portfolio in International Business Machines Corporation (NYSE:IBM). Rodgers Brothers, Pennsylvania-based fund reported 27,272 shares. Everence Cap holds 16,252 shares or 0.55% of its portfolio. White Pine Inv Communications accumulated 2.45% or 32,351 shares. Hap Trading Ltd invested 0.09% in International Business Machines Corporation (NYSE:IBM). Prentiss Smith And Company Incorporated holds 2,206 shares or 0.16% of its portfolio. Freestone Cap Hldg Ltd Liability Corporation has 17,841 shares.

Since January 31, 2018, it had 1 buy, and 2 insider sales for $2.69 million activity. Clementi Erich also sold $2.01 million worth of International Business Machines Corporation (NYSE:IBM) on Friday, February 23. 610 shares were bought by WADDELL FREDERICK H, worth $99,659. 5,000 shares were sold by Gherson Diane J, worth $780,000 on Monday, February 26.

The stock increased 1.79% or $2.82 during the last trading session, reaching $160.71. About 3.81M shares traded. International Business Machines Corporation (NYSE:IBM) has declined 12.58% since April 17, 2017 and is downtrending. It has underperformed by 24.13% the S&P500.

Among 33 analysts covering International Business Machines (NYSE:IBM), 13 have Buy rating, 4 Sell and 16 Hold. Therefore 39% are positive. International Business Machines has $21200 highest and $11000 lowest target. $164.02’s average target is 2.06% above currents $160.71 stock price. International Business Machines had 126 analyst reports since July 21, 2015 according to SRatingsIntel. UBS maintained it with “Neutral” rating and $160 target in Tuesday, July 19 report. BMO Capital Markets maintained the stock with “Market Perform” rating in Tuesday, July 19 report. The stock of International Business Machines Corporation (NYSE:IBM) earned “Neutral” rating by Citigroup on Tuesday, July 19. Bernstein maintained the shares of IBM in report on Tuesday, April 19 with “Market Perform” rating. Morgan Stanley maintained the stock with “Buy” rating in Wednesday, March 21 report. Morgan Stanley upgraded International Business Machines Corporation (NYSE:IBM) rating on Thursday, February 18. Morgan Stanley has “Overweight” rating and $140 target. On Friday, November 20 the stock rating was initiated by JMP Securities with “Market Perform”. The stock of International Business Machines Corporation (NYSE:IBM) earned “Hold” rating by KeyBanc Capital Markets on Tuesday, August 22. The stock has “Neutral” rating by UBS on Wednesday, October 18. The firm has “Buy” rating given on Wednesday, July 19 by Bank of America.

International Business Machines Corporation provides information technology services and products worldwide. The company has market cap of $148.04 billion. The Company’s Cognitive Solutions segment includes Watson, a cognitive computing platform that interacts in natural language, processes big data, and learns from interactions with people and computers. It has a 26.2 P/E ratio. The companyÂ’s Cognitive Solutions segment also offers data and analytics solutions, including analytics and data management platforms, cloud data services, enterprise social software, talent management solutions, and solutions tailored by industry; and transaction processing software that runs mission-critical systems in banking, airlines, and retail industries.

Since January 8, 2018, it had 1 buying transaction, and 6 insider sales for $1.19 million activity. 1,076 Iron Mountain Incorporated (NYSE:IRM) shares with value of $34,752 were sold by MacLean Theodore. RAKOWICH WALTER C sold 1,734 shares worth $62,726. $162,450 worth of Iron Mountain Incorporated (NYSE:IRM) was bought by VERRECCHIA ALFRED J on Tuesday, February 20. Meaney William L had sold 24,137 shares worth $774,371 on Friday, February 16.

Azimuth Capital Management Llc decreased Total System Services Inc (NYSE:TSS) stake by 4,360 shares to 125,520 valued at $9.93 million in 2017Q4. It also reduced Accenture Ltd Cl A (NYSE:ACN) stake by 2,435 shares and now owns 64,062 shares. Signature Bank Ny (NASDAQ:SBNY) was reduced too.

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

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