Patriot Investment Management Group 13F: Exits IBM Stake

Patriot Investment Management Group closed out its position in International Business Machines Corporation, according to a Form 13F filed with the SEC on October 15, 2026. Institutional filings like this one look backward at the previous quarter and may not reflect the fund's current holdings.

Inside Patriot Investment's IBM Trade

During the filing period, Patriot Investment Management Group sold out completely, parting ways with its remaining 905 shares. The fund held 905 shares before the complete exit, reducing its position by 905 shares down to zero.

Other Institutional Activity in IBM

Other large money managers also adjusted their holdings around the same time. Blackrock Inc. reduced its holdings by 798,892 shares, ending with 76,763,481 shares worth about $17,819,874,432.0. Vanguard Capital Management LLC grew its holdings by 541,510 shares, ending with 61,385,366 shares worth about $14,249,998,825.0 up 0.9%. State Street Corporation grew its holdings by 1,452,171 shares, ending with 56,045,055 shares worth about $13,010,299,033.0 up 2.7%. Vanguard Portfolio Management LLC grew its holdings by 688,723 shares, ending with 28,348,295 shares worth about $6,580,773,183.0 up 2.5%. Geode Capital Management, LLC grew its holdings by 371,539 shares, ending with 23,448,500 shares worth about $5,443,334,775.0 up 1.6%.

International Business Machines Corporation Stock Up 1.6%

International Business Machines Corporation recently traded around $231.60 as of October 16, 2026. That puts the shares about 8.1% below their 200-day moving average and 30.3% below their 52-week high of $332.46. The stock sits roughly 16.3% above its 52-week low of $199.19.

Recent Earnings

International Business Machines Corporation reported $69,094,998,016.0 in trailing-twelve-month revenue and $11.25 in trailing-twelve-month earnings per share. The company posted a net profit margin of 15.5% and a return on equity of 34.5%. Its next earnings report is scheduled for October 21, 2026.

Dividend

International Business Machines Corporation pays an annual dividend yielding 2.89%, backed by a dividend payout ratio of 59.8%.

Insider Buying and Selling at International Business Machines Corporation

Company insiders were active in the market prior to the filing. Michelle J. Howard, Director, bought 50 shares at $237.83 for a total of $11,891.0 on February 25, 2026. Michael Miebach, Director, bought 434 shares at $233.33 for a total of $101,264.0 on February 25, 2026. Robert David Thomas, Officer, sold 25,000 shares at $230.32 for a total of $5,758,088.0 on August 26, 2026.

Analysts Set New Price Targets

Wall Street analysts have updated their views on the stock ahead of upcoming reports. On July 24, 2026, Citigroup maintained its Buy rating and set a $245.0 price target. On August 31, 2026, Susquehanna maintained its Neutral rating and set a $235.0 price target. On October 9, 2026, Truist Securities initiated coverage with a Hold rating and a $240.0 price target. On October 13, 2026, RBC Capital reiterated its Outperform rating and set a $270.0 price target. On October 15, 2026, Morgan Stanley maintained its Equal-Weight rating and set a $238.0 price target. The stock currently holds a consensus Buy recommendation with 23 analysts covering the company and a mean price target of $242.65.

About International Business Machines Corporation

International Business Machines Corporation provides hybrid cloud and AI platforms, consulting services, enterprise infrastructure, and financing solutions. Operating across the globe, the technology company helps business clients manage digital transformations across diverse application and data environments. Institutional portfolio changes like Patriot's exit offer a window into how smaller asset managers reposition their portfolios amid shifting sector trends.

Bottom Line

Investors will look toward International Business Machines Corporation's upcoming earnings report on October 21, 2026, for fresh insights into revenue and profit trends. Because 13F reports look backward, this filing captures past portfolio adjustments rather than live trading activity. 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.