Danske Bank Invests Heavily in IBM

Danske Bank A S has purchased a new stake in International Business Machines Corporation (NYSE:IBM), according to its most recent filing with the Securities and Exchange Commission. The institutional investor bought 35,377 shares of IBM's stock, valued at approximately $9,948,000. This marks another investment in IBM by Danske Bank A S.

A number of other institutional investors have also recently modified their holdings of IBM, including Basepoint Wealth LLC, Portus Wealth Advisors LLC, and Harborfront Financial Group LLC. As a result, 58.96% of the stock is owned by hedge funds and other institutional investors.