Skba Capital Management Continues to Hold Position in International Business Machs (IBM); Point72 Asia Hong Kong LTD Boosted Its Harris Del (HRS) Stake by $306,252 as Stock Rose

May 23, 2018 - By Marie Mckinney

Harris Corporation (NYSE:HRS) Logo

Steve Cohen increased its stake in Harris Corp Del (HRS) by 3059.15% based on its latest 2017Q4 regulatory filing with the SEC. Point72 Asia Hong Kong Ltd bought 2,172 shares as the company’s stock rose 12.31% while stock markets declined. The hedge fund run by Steve Cohen held 2,243 shares of the industrial machinery and components company at the end of 2017Q4, valued at $318,000, up from 71 at the end of the previous reported quarter. Point72 Asia Hong Kong Ltd who had been investing in Harris Corp Del for a number of months, seems to be bullish on the $18.26B market cap company. The stock increased 2.02% or $3.05 during the last trading session, reaching $153.78. About 448,838 shares traded. Harris Corporation (NYSE:HRS) has risen 44.73% since May 23, 2017 and is uptrending. It has outperformed by 33.18% the S&P500.

Skba Capital Management Llc increased its stake in International Business Machs (IBM) by 52.45% based on its latest 2017Q4 regulatory filing with the SEC. Skba Capital Management Llc bought 49,200 shares as the company’s stock declined 0.39% with the market. The institutional investor held 143,010 shares of the computer manufacturing company at the end of 2017Q4, valued at $21.94M, up from 93,810 at the end of the previous reported quarter. Skba Capital Management Llc who had been investing in International Business Machs for a number of months, seems to be bullish on the $132.54B market cap company. The stock decreased 0.49% or $0.7048 during the last trading session, reaching $144.3852. About 2.17 million shares traded. International Business Machines Corporation (NYSE:IBM) has declined 12.58% since May 23, 2017 and is downtrending. It has underperformed by 24.13% the S&P500.

Point72 Asia Hong Kong Ltd, which manages about $130.86M US Long portfolio, decreased its stake in Paypal Hldgs Inc by 4,843 shares to 957 shares, valued at $70,000 in 2017Q4, according to the filing. It also reduced its holding in General Mls Inc (NYSE:GIS) by 9,642 shares in the quarter, leaving it with 905 shares, and cut its stake in American Intl Group Inc (NYSE:AIG).

Since February 15, 2018, it had 0 insider buys, and 3 insider sales for $12.22 million activity. The insider MEHNERT DANA A sold 51,200 shares worth $7.84 million. The insider FOX SHELDON J sold 8,682 shares worth $1.35M.

More notable recent Harris Corporation (NYSE:HRS) news were published by: Bizjournals.com which released: “Meet the Florida startups that early-stage investors say hold the most promise” on May 21, 2018, also Bizjournals.com with their article: “Lockheed Martin’s F-35 Jet, Harris Corp.’s comm system pull in $55.7M in local work” published on April 25, 2018, Seekingalpha.com published: “Harris Corporation 2018 Q3 – Results – Earnings Call Slides” on May 02, 2018. More interesting news about Harris Corporation (NYSE:HRS) were released by: Seekingalpha.com and their article: “Harris (HRS) Q3 2018 Results – Earnings Call Transcript” published on May 02, 2018 as well as Seekingalpha.com‘s news article titled: “Harris to upgrade Miami Beach public safety network” with publication date: May 09, 2018.

Investors sentiment increased to 1.09 in 2017 Q4. Its up 0.10, from 0.99 in 2017Q3. It improved, as 23 investors sold HRS shares while 207 reduced holdings. 91 funds opened positions while 160 raised stakes. 98.23 million shares or 1.10% less from 99.32 million shares in 2017Q3 were reported. Sunbelt Incorporated owns 2,145 shares for 0.3% of their portfolio. Amica Mutual invested in 0.06% or 4,606 shares. State Of Wisconsin Invest Board has invested 0.09% in Harris Corporation (NYSE:HRS). 5,879 are held by Brinker Cap. State Treasurer State Of Michigan reported 34,957 shares stake. Brown Advisory holds 0.01% or 23,081 shares. Sii Invests Inc Wi has 0.04% invested in Harris Corporation (NYSE:HRS) for 3,019 shares. Trexquant Inv LP accumulated 16,544 shares. Guardian Life Insurance Of America stated it has 387 shares. Lsv Asset Mgmt has invested 0% in Harris Corporation (NYSE:HRS). Winslow Evans & Crocker Inc reported 106 shares. Ahl Prtnrs Limited Liability Partnership holds 0.04% or 19,712 shares. E&G Advsr Lp accumulated 4,000 shares. Vident Inv Advisory Limited Com holds 0.02% or 2,694 shares in its portfolio. Parkside Retail Bank holds 764 shares or 0.04% of its portfolio.

Among 11 analysts covering Harris (NYSE:HRS), 10 have Buy rating, 0 Sell and 1 Hold. Therefore 91% are positive. Harris had 42 analyst reports since August 10, 2015 according to SRatingsIntel. JP Morgan maintained Harris Corporation (NYSE:HRS) on Wednesday, November 1 with “Overweight” rating. Citigroup maintained the stock with “Buy” rating in Wednesday, September 7 report. Credit Suisse maintained Harris Corporation (NYSE:HRS) on Wednesday, November 1 with “Buy” rating. The firm earned “Outperform” rating on Monday, November 7 by Cowen & Co. Goldman Sachs upgraded the shares of HRS in report on Tuesday, May 8 to “Buy” rating. On Tuesday, September 8 the stock rating was upgraded by Goldman Sachs to “Buy”. The stock of Harris Corporation (NYSE:HRS) has “Buy” rating given on Thursday, July 6 by Cowen & Co. The stock of Harris Corporation (NYSE:HRS) has “Buy” rating given on Wednesday, November 1 by Jefferies. Cowen & Co downgraded the shares of HRS in report on Tuesday, March 15 to “Market Perform” rating. Seaport Global Securities initiated it with “Buy” rating and $105 target in Monday, November 7 report.

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 129 analyst reports since July 21, 2015 according to SRatingsIntel. On Wednesday, October 18 the stock rating was maintained by Barclays Capital with “Underweight”. As per Wednesday, August 23, the company rating was maintained by Morgan Stanley. Berenberg maintained the stock with “Sell” rating in Friday, January 19 report. The rating was maintained by RBC Capital Markets with “Sector Perform” on Friday, January 15. The company was maintained on Wednesday, March 22 by Argus Research. The stock has “Hold” rating by Deutsche Bank on Tuesday, July 19. As per Tuesday, April 19, the company rating was maintained by Drexel Hamilton. The firm earned “Underperform” rating on Tuesday, October 18 by Credit Suisse. The rating was maintained by Stifel Nicolaus on Wednesday, April 18 with “Buy”. The company was maintained on Thursday, October 5 by Stifel Nicolaus.

Investors sentiment increased to 1.03 in Q4 2017. Its up 0.29, from 0.74 in 2017Q3. It increased, as 54 investors sold IBM 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. Maine-based Vigilant Cap Mgmt Llc has invested 0.15% in International Business Machines Corporation (NYSE:IBM). Calamos Advsrs Limited Liability stated it has 90,239 shares. Lowe Brockenbrough And holds 0.9% in International Business Machines Corporation (NYSE:IBM) or 40,848 shares. Pathstone Family Office Limited Co invested 0.1% of its portfolio in International Business Machines Corporation (NYSE:IBM). Acropolis Inv Management Limited Liability invested in 9,767 shares or 0.23% of the stock. 11,681 are owned by Rampart Investment Mgmt Llc. New York-based Ibm Retirement Fund has invested 0.6% in International Business Machines Corporation (NYSE:IBM). Brown Advisory Secs Lc holds 0.6% or 20,240 shares. Reliant Inv Ltd Liability has invested 0.46% in International Business Machines Corporation (NYSE:IBM). Baker Boyer Bancshares has 3,320 shares for 1.53% of their portfolio. 2.78M are held by Schroder Mgmt Gru. South Texas Money Mngmt Limited reported 2,362 shares. Hanson And Doremus Invest Management owns 24,015 shares for 1.23% of their portfolio. Benjamin F Edwards & Comm reported 43,857 shares or 0.7% of all its holdings. Kansas-based Fin Advisory Service has invested 0.16% in International Business Machines Corporation (NYSE:IBM).

Since January 31, 2018, it had 1 buying transaction, and 2 selling transactions for $2.69 million activity. 13,000 shares valued at $2.01 million were sold by Clementi Erich on Friday, February 23. WADDELL FREDERICK H also bought $99,659 worth of International Business Machines Corporation (NYSE:IBM) on Wednesday, January 31.

More notable recent International Business Machines Corporation (NYSE:IBM) news were published by: Investorplace.com which released: “7 ‘Blue-Chip Stocks’ That Aren’t Blue Chips at All” on May 21, 2018, also Seekingalpha.com with their article: “IBM will hire 1800 in France” published on May 23, 2018, Seekingalpha.com published: “IBM And Its Deceiving Dividend” on May 07, 2018. More interesting news about International Business Machines Corporation (NYSE:IBM) were released by: Prnewswire.com and their article: “Chevrolet Teams with The Weather Company, an IBM Business, to Improve Real-Time Decisions on the Race Track” published on May 23, 2018 as well as Wallstreetpr.com‘s news article titled: “Stellar Lumens Intends To Host The First Token By IBM (NYSE:IBM) On The XLM Blockchain Technology” with publication date: May 22, 2018.

Skba Capital Management Llc, which manages about $958.13 million and $719.31M US Long portfolio, decreased its stake in Hp Inc by 17,700 shares to 676,600 shares, valued at $14.22 million in 2017Q4, according to the filing. It also reduced its holding in Occidental Pete Corp Del (NYSE:OXY) by 33,950 shares in the quarter, leaving it with 324,600 shares, and cut its stake in Helmerich & Payne Inc (NYSE:HP).

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

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