$694K Investment in IBM: WNY Asset Management Enters Tech Giant

WNY Asset Management LLC has invested $694,000 in International Business Machines Corporation (IBM), according to its most recent disclosure with the Securities and Exchange Commission. The fund acquired 2,864 shares of IBM's stock during the first quarter.

This is not an isolated incident; several other hedge funds have also recently bought and sold shares of IBM. For instance, VIRGINIA RETIREMENT SYSTEMS ET Al grew its holdings in International Business Machines by 424.6% during the fourth quarter.

IBM's recent quarterly earnings results met EPS expectations, but revenue fell short of consensus and rose only about 1% year over year.