Cliftonlarsonallen Wealth Advisors 13F: Exits IBM Stake

Cliftonlarsonallen Wealth Advisors has completely closed out its investment in International Business Machines Corporation (NYSE: IBM), according to a Form 13F filing with the U.S. Securities and Exchange Commission on October 14, 2026. Because 13F reports look backward at prior periods, this filing captures portfolio data from the end of the reporting window and might not show the fund's exact current stance.

Inside Cliftonlarsonallen Wealth Advisors's IBM Trade

The firm sold off all 11,009 shares it previously held, marking a total exit from the technology company. The complete liquidation leaves the wealth advisor with zero shares.

Other Institutional Activity in International Business Machines Corporation

Other major institutional investors were active with their IBM shares around the same time. Blackrock Inc. reduced its holdings by 798,892 shares, ending with 76,763,481 shares valued at about $17,819,874,432.00 after a 1.0% decrease. Vanguard Capital Management LLC grew its holdings by 541,510 shares, ending with 61,385,366 shares worth about $14,249,998,825.00 following a 0.9% increase. State Street Corporation lifted its stake by 1,452,171 shares, ending with 56,045,055 shares valued at about $13,010,299,033.00 after a 2.7% increase. Vanguard Portfolio Management LLC added 688,723 shares to finish with 28,348,295 shares worth about $6,580,773,183.00, a 2.5% increase. Geode Capital Management, LLC grew its position by 371,539 shares, holding 23,448,500 shares valued at about $5,443,334,775.00 after a 1.6% increase.

International Business Machines Corporation Stock Up 1.6%

International Business Machines Corporation shares recently traded around $231.60 as of October 16, 2026. The stock sits about equal to its 50-day moving average of $232.06 and is 8.1% below its 200-day moving average of $252.04. Over the past year, the shares have traded between a low of $199.19 and a high of $332.46.

Recent Earnings

For the trailing twelve months, the company generated $69,094,998,016.00 in revenue alongside basic earnings of $11.25 per share. The firm reported a net profit margin of 15.5% and a return on equity of 34.5%. International Business Machines Corporation is scheduled to release its next earnings report on October 21, 2026.

Dividend

The company pays an annual dividend yielding 2.89%, backed by a dividend payout ratio of 59.8% of earnings.

Insider Buying and Selling at International Business Machines Corporation

Company insiders made several transactions earlier in the year. Director Michelle J. Howard bought 50 shares on February 25, 2026, at an average price of $237.83 for a total value of $11,891.00. On the same day, Director Michael Miebach bought 434 shares at an average price of $233.33 for a total value of $101,264.00. Later, on August 26, 2026, Officer Robert David Thomas sold 25,000 shares at an average price of $230.32 for a total value of $5,758,088.00.

Analysts Set New Price Targets

Analyst firms have updated their outlooks on the stock in recent months. On July 24, 2026, Citigroup maintained its Buy rating with a price target of $245.00, down from its prior target of $255.00. On the same date, Susquehanna kept a Neutral rating while adjusting its target from $303.00 to $225.00. Susquehanna later updated its target again on August 31, 2026, moving it to $235.00 while maintaining a Neutral stance. Truist Securities initiated coverage on October 9, 2026, with a Hold rating and a $240.00 price target. RBC Capital reiterated an Outperform rating on October 13, 2026, keeping its target at $270.00. Overall, the stock holds a consensus buy rating with a mean price target of $242.65.

About International Business Machines Corporation

International Business Machines Corporation provides hybrid cloud computing, artificial intelligence platforms, IT consulting, and infrastructure services to enterprise clients across the globe. The company focuses heavily on helping organizations manage complex digital transformations. Institutional shifts like Cliftonlarsonallen's exit offer a window into how diversified wealth managers adjust their technology sector allocations over time.

Bottom Line

Investors will look toward the upcoming earnings release on October 21, 2026, for fresh updates on revenue growth and software segment demand. Form 13F filings capture past portfolio decisions and should be read alongside current market data and subsequent SEC disclosures. Keep in mind that 13F filings are backward-looking: they show holdings as of the end of the reporting quarter and may not represent the fund's current position.