Stocks

Brendel Financial Advisors Sells Over 13,000 Shares of International Business Machines

Guavy AI Editorial Team Published August 31, 2026

Instruments

IBM

Brendel Financial Advisors LLC sold nearly 13,000 shares of International Business Machines (NYSE:IBM) during the second quarter, reducing their stake in the technology company by over 81%. The firm now owns approximately 3,000 shares, worth around $839,000. This is not an isolated incident; several other hedge funds have been making adjustments to their IBM holdings.

Brighton Jones LLC increased its stake by 12% during the fourth quarter and now owns nearly 21,000 shares valued at over $4.6 million. Sivia Capital Partners LLC boosted its position by around 11% in the second quarter, with a value of approximately $571,000.

Analysts have been weighing in on IBM's prospects, with Jefferies Financial Group lowering their price target from $320 to $260 while maintaining a 'buy' rating. Morgan Stanley also reduced its target from $293 to $190 and assigned an 'equal weight' rating.

Brendel Financial Advisors Sells Over 13,000 Shares of International Business Machines

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