D-Wave Quantum Inc. $QBTS Shares Bought by Intech Investment Management LLC

Posted by James Conley on Jun 3rd, 2026

Intech Investment Management LLC boosted its stake in shares of D-Wave Quantum Inc. (NYSE:QBTS – Free Report) by 26.9% in the fourth quarter, Holdings Channel reports. The fund owned 112,742 shares of the company’s stock after purchasing an additional 23,892 shares during the period. Intech Investment Management LLC’s holdings in D-Wave Quantum were worth $2,948,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds also recently added to or reduced their stakes in QBTS. Vanguard Group Inc. lifted its holdings in shares of D-Wave Quantum by 41.2% in the 3rd quarter. Vanguard Group Inc. now owns 38,454,869 shares of the company’s stock valued at $950,220,000 after buying an additional 11,218,255 shares during the period. UBS Group AG lifted its holdings in shares of D-Wave Quantum by 541.6% in the 3rd quarter. UBS Group AG now owns 12,089,703 shares of the company’s stock valued at $298,737,000 after buying an additional 10,205,427 shares during the period. Northwestern Mutual Wealth Management Co. lifted its holdings in shares of D-Wave Quantum by 136,842.4% in the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 3,194,866 shares of the company’s stock valued at $83,546,000 after buying an additional 3,192,533 shares during the period. Clear Street Group Inc. acquired a new stake in shares of D-Wave Quantum in the 3rd quarter valued at approximately $75,344,000. Finally, State Street Corp lifted its holdings in shares of D-Wave Quantum by 41.3% in the 2nd quarter. State Street Corp now owns 6,648,395 shares of the company’s stock valued at $97,333,000 after buying an additional 1,941,762 shares during the period. 42.47% of the stock is owned by institutional investors and hedge funds.

D-Wave Quantum Stock Performance

NYSE QBTS opened at $29.97 on Wednesday. D-Wave Quantum Inc. has a 1-year low of $12.75 and a 1-year high of $46.75. The company has a market capitalization of $11.09 billion, a P/E ratio of -26.52 and a beta of 2.05. The business has a 50 day moving average price of $19.81 and a 200 day moving average price of $22.11. The company has a debt-to-equity ratio of 0.03, a current ratio of 21.41 and a quick ratio of 21.31.

D-Wave Quantum (NYSE:QBTS – Get Free Report) last released its quarterly earnings data on Tuesday, May 12th. The company reported ($0.05) earnings per share for the quarter, beating the consensus estimate of ($0.08) by $0.03. D-Wave Quantum had a negative return on equity of 44.06% and a negative net margin of 2,957.23%.The firm had revenue of $2.86 million during the quarter, compared to the consensus estimate of $4.19 million. During the same period last year, the business posted ($0.02) EPS. D-Wave Quantum’s quarterly revenue was down 80.9% on a year-over-year basis. Sell-side analysts expect that D-Wave Quantum Inc. will post -0.43 EPS for the current fiscal year.

Key D-Wave Quantum News

Here are the key news stories impacting D-Wave Quantum this week:

Positive Sentiment: D-Wave was tentatively awarded $100 million in federal funding, part of a broader U.S. quantum initiative that could support hardware development and commercialization efforts. D-Wave Seeks to Leverage IBM’s Quantum Foundry. $100 Million in Federal Funding Will Help.
Positive Sentiment: Analysts stayed constructive, with Rosenblatt Securities reiterating a buy rating and a $43 price target, and Needham also reaffirming buy with a $40 target. Analyst reiterations via Benzinga
Positive Sentiment: Market coverage highlighted that the latest federal contract adds to D-Wave’s momentum and may strengthen its R&D position as quantum adoption advances. How the Latest Federal Contract Boosts D-Wave’s Prospects
Positive Sentiment: D-Wave also unveiled a new gate-model roadmap aimed at fault-tolerant quantum computing, which signals a push beyond its current annealing niche and could improve long-term growth prospects. D-Wave Charts a New Course to Fault-Tolerant Quantum Computing with Gate-Model Roadmap
Neutral Sentiment: Broader coverage on the $2 billion U.S. quantum initiative and sector-wide rally is helping keep quantum stocks in focus, but this is more a thematic tailwind than a company-specific catalyst. DoC’s $2B Quantum Initiative Puts These 2 Stocks in the Spotlight
Neutral Sentiment: Some articles asked whether QBTS has already run too far after a strong 2025 move, which may reflect valuation concerns rather than a direct fundamental setback. QBTS soars 168% in 2025: Should you buy for 2026 or wait for pullback?

Analyst Ratings Changes

Several analysts have recently commented on the company. Wall Street Zen cut D-Wave Quantum from a “hold” rating to a “sell” rating in a report on Saturday, February 7th. Rosenblatt Securities reissued a “buy” rating and issued a $43.00 price target on shares of D-Wave Quantum in a report on Tuesday. Weiss Ratings cut D-Wave Quantum from a “sell (d-)” rating to a “sell (e+)” rating in a report on Wednesday, April 29th. Cantor Fitzgerald reissued an “overweight” rating and issued a $40.00 price target on shares of D-Wave Quantum in a report on Wednesday, May 13th. Finally, Northland Securities assumed coverage on D-Wave Quantum in a report on Monday, April 20th. They issued a “market perform” rating and a $22.00 price target for the company. Fourteen analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $36.40.

Check Out Our Latest Stock Analysis on D-Wave Quantum

Insider Transactions at D-Wave Quantum

In related news, CFO John M. Markovich sold 328,752 shares of the firm’s stock in a transaction that occurred on Friday, May 22nd. The stock was sold at an average price of $27.70, for a total value of $9,106,430.40. Following the completion of the transaction, the chief financial officer directly owned 1,442,820 shares of the company’s stock, valued at $39,966,114. This trade represents a 18.56% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director John D. Dilullo sold 8,000 shares of the firm’s stock in a transaction that occurred on Thursday, March 5th. The shares were sold at an average price of $18.01, for a total value of $144,080.00. Following the completion of the transaction, the director directly owned 19,803 shares of the company’s stock, valued at $356,652.03. The trade was a 28.77% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last quarter, insiders sold 383,553 shares of company stock valued at $10,118,016. Company insiders own 1.30% of the company’s stock.

D-Wave Quantum Profile

(Free Report)

D-Wave Quantum Inc (NYSE: QBTS) develops and provides quantum computing systems, software and services focused on quantum annealing technology. Headquartered in Burnaby, British Columbia, D-Wave designs specialized processors that leverage quantum mechanics to solve complex optimization and sampling problems. Since its founding in 1999 by physicists including Geordie Rose, the company has pursued the development of commercially viable quantum hardware and accompanying software tools.

The company’s product portfolio centers on its quantum annealers, which are complemented by hybrid solvers that integrate classical and quantum computing resources.