Benjamin Edwards Boosts IBM Stake by 40.2%

Benjamin Edwards Inc., an investment firm, has significantly increased its stake in International Business Machines Corporation (IBM). According to a recent SEC filing, Benjamin Edwards boosted its holdings by 40.2% during the second quarter, acquiring an additional 31,736 shares.

This brought their total position in IBM's stock to 110,766 shares, valued at $31,153,000 as of the end of the quarter. This is a notable increase from other major investors like Vanguard Group Inc., which owns 97,216,131 shares worth $28,796,390,000.

The latest development comes as IBM's stock price has been fluctuating. The company's share price opened at $236.17 on Monday and has a market capitalization of $222.50 billion. Analysts have predicted that IBM will post 12.33 EPS for the current year.