Deutsche Bank Buys into Magic Software Enterprises

Deutsche Bank AG has acquired a new position in Magic Software Enterprises Ltd. (NASDAQ:MGIC) during the second quarter, according to its recent 13F filing with the Securities and Exchange Commission.

The bank purchased approximately $1.9 million worth of shares, specifically 134,699 stocks, which now account for about 0.27% of Magic Software Enterprises' outstanding shares.

This is not an isolated instance; several other institutional investors have also shown interest in the company's stock, including Truist Financial Corp, Ameriprise Financial Inc., Lazard Asset Management LLC, and Swiss National Bank.