International Business Machines (IBM) Valuation Declined While Palo Capital Has Increased Holding; South Street Advisors Increases Stake in Flextronics Int’l (FLEX)

February 19, 2018 - By Richard Conner

William Leland Edwards increased its stake in International Business Machines (IBM) by 39.23% based on its latest 2017Q3 regulatory filing with the SEC. Palo Capital Inc bought 7,558 shares as the company’s stock declined 15.88% while stock markets rallied. The hedge fund run by William Leland Edwards held 26,825 shares of the computer manufacturing company at the end of 2017Q3, valued at $3.89M, up from 19,267 at the end of the previous reported quarter. Palo Capital Inc who had been investing in International Business Machines for a number of months, seems to be bullish on the $144.59 billion market cap company. The stock increased 0.11% or $0.17 during the last trading session, reaching $156.18. About 4.28M shares traded. International Business Machines Corporation (NYSE:IBM) has risen 4.86% since February 19, 2017 and is uptrending. It has underperformed by 11.84% the S&P500.

South Street Advisors Llc increased its stake in Flextronics Int’l (FLEX) by 13.39% based on its latest 2017Q3 regulatory filing with the SEC. South Street Advisors Llc bought 26,900 shares as the company’s stock rose 0.43% with the market. The institutional investor held 227,840 shares of the electrical products company at the end of 2017Q3, valued at $3.78 million, up from 200,940 at the end of the previous reported quarter. South Street Advisors Llc who had been investing in Flextronics Int’l for a number of months, seems to be bullish on the $9.41B market cap company. The stock increased 0.11% or $0.02 during the last trading session, reaching $17.84. About 4.04M shares traded or 12.79% up from the average. Flex Ltd. (NASDAQ:FLEX) has risen 35.11% since February 19, 2017 and is uptrending. It has outperformed by 18.41% 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 had 123 analyst reports since July 21, 2015 according to SRatingsIntel. On Wednesday, October 18 the stock rating was maintained by BMO Capital Markets with “Market Perform”. The firm has “Sector Perform” rating by RBC Capital Markets given on Monday, October 5. The company was maintained on Wednesday, July 19 by UBS. The stock of International Business Machines Corporation (NYSE:IBM) has “Neutral” rating given on Tuesday, July 19 by Goldman Sachs. As per Tuesday, April 19, the company rating was maintained by Bernstein. The stock of International Business Machines Corporation (NYSE:IBM) has “Hold” rating given on Tuesday, October 20 by Deutsche Bank. Stifel Nicolaus maintained the shares of IBM in report on Thursday, January 12 with “Buy” rating. As per Sunday, November 26, the company rating was maintained by BMO Capital Markets. The firm has “Buy” rating given on Friday, July 14 by Drexel Hamilton. On Friday, October 9 the stock rating was initiated by Drexel Hamilton with “Buy”.

Investors sentiment increased to 0.74 in Q3 2017. Its up 0.02, from 0.72 in 2017Q2. It increased, as 70 investors sold IBM shares while 676 reduced holdings. 100 funds opened positions while 451 raised stakes. 519.10 million shares or 2.22% less from 530.91 million shares in 2017Q2 were reported. Shamrock Asset Management Ltd Com holds 0.01% or 160 shares. Proshare Advsr Limited Co reported 206,468 shares stake. 1,685 were reported by Lincoln Cap Ltd Llc. Blair William Il, a Illinois-based fund reported 108,503 shares. 150,500 were reported by Nikko Asset Mgmt Americas Inc. Culbertson A N Communication holds 30,786 shares. Klingenstein Fields Llc owns 106,374 shares or 0.59% of their US portfolio. Beach Inv Counsel Inc Pa holds 7,723 shares. Union Comml Bank Corporation invested 1.48% in International Business Machines Corporation (NYSE:IBM). 51,825 were reported by Reynders Mcveigh Mgmt Lc. Bankshares Of Nova Scotia Trust holds 0.03% or 1,695 shares in its portfolio. Sterling Capital Mgmt Lc reported 0.05% in International Business Machines Corporation (NYSE:IBM). Bath Savings Trust Com reported 3,947 shares. Moreover, Boston Advisors Lc has 0.04% invested in International Business Machines Corporation (NYSE:IBM) for 10,950 shares. Hourglass Capital Limited Com stated it has 51,640 shares or 1.78% of all its holdings.

Since January 31, 2018, it had 1 buying transaction, and 0 insider sales for $99,659 activity.

Investors sentiment decreased to 0.92 in 2017 Q3. Its down 0.27, from 1.19 in 2017Q2. It dived, as 33 investors sold FLEX shares while 106 reduced holdings. 38 funds opened positions while 90 raised stakes. 497.19 million shares or 0.70% less from 500.69 million shares in 2017Q2 were reported. Commerzbank Aktiengesellschaft Fi has 30,542 shares. Envestnet Asset Mgmt accumulated 195,991 shares. Livforsakringsbolaget Skandia Omsesidigt has 303,678 shares for 0.45% of their portfolio. Oak Associate Oh reported 448,955 shares. Moreover, Jennison Ltd has 0.15% invested in Flex Ltd. (NASDAQ:FLEX). Manufacturers Life Insur The reported 4,929 shares. Bb&T Corp, a North Carolina-based fund reported 10,483 shares. New York-based Catalyst Capital Advsr Ltd Liability Corp has invested 0.01% in Flex Ltd. (NASDAQ:FLEX). Tocqueville Asset Mgmt Lp, a New York-based fund reported 1.12 million shares. Moreover, Ls Investment Advisors Ltd Liability Com has 0.01% invested in Flex Ltd. (NASDAQ:FLEX) for 11,931 shares. Moreover, Deutsche Bankshares Ag has 0.01% invested in Flex Ltd. (NASDAQ:FLEX) for 858,197 shares. 1.44M are held by Northern Tru. Moreover, Ardsley Advisory Prtnrs has 0.06% invested in Flex Ltd. (NASDAQ:FLEX). State Street Corporation has invested 0.01% in Flex Ltd. (NASDAQ:FLEX). Reilly Advsrs Limited Co reported 0% stake.

Since February 1, 2018, it had 0 insider purchases, and 1 sale for $243,573 activity.

Among 15 analysts covering Flextronics International Ltd. (NASDAQ:FLEX), 11 have Buy rating, 1 Sell and 3 Hold. Therefore 73% are positive. Flextronics International Ltd. had 48 analyst reports since July 28, 2015 according to SRatingsIntel. The stock has “Buy” rating by Needham on Wednesday, August 30. The stock of Flex Ltd. (NASDAQ:FLEX) has “Buy” rating given on Tuesday, September 20 by Goldman Sachs. Bank of America maintained the stock with “Buy” rating in Thursday, May 12 report. The firm has “Outperform” rating by RBC Capital Markets given on Thursday, August 27. As per Friday, October 27, the company rating was maintained by Citigroup. The firm has “Buy” rating by Stifel Nicolaus given on Friday, October 27. The rating was initiated by Macquarie Research with “Hold” on Thursday, June 22. The rating was upgraded by Zacks on Tuesday, August 11 to “Sell”. The firm earned “Hold” rating on Tuesday, May 24 by Standpoint Research. The firm earned “Buy” rating on Tuesday, October 20 by Needham.

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