Csenge Advisory Group Buys Into IBM Amid Institutional Investor Rush

Csenge Advisory Group has acquired shares of International Business Machines Corporation (IBM), according to its recent 13F filing with the SEC. The institutional investor bought 13,355 shares of IBM's stock in the second quarter, valued at approximately $3,756,000.

This is not Csenge Advisory Group's only investment in IBM; several other hedge funds have also made changes to their positions in the company recently.

BlackRock Inc. purchased a new stake in International Business Machines in the 2nd quarter valued at approximately $21,586,659,000. State Street Corp raised its stake in shares of International Business Machines by 1.0% during the 4th quarter. Geode Capital Management LLC raised its stake in shares of International Business Machines by 1.5% during the 4th quarter.

Institutional investors and hedge funds own 58.96% of IBM's stock, according to the source. Analysts have been following the company closely, with a consensus price target of $265.90 and an average rating of 'Moderate Buy'.