Deutsche Bank Makes Big Bet on IBM with $960 Million Investment
Deutsche Bank AG has made a significant investment in International Business Machines Corporation (IBM).
The firm bought 3,416,803 shares of IBM's stock in the second quarter, valued at approximately $960,839,000.
This represents about 0.36% of IBM's total outstanding shares.
Other institutional investors have also increased their holdings of IBM, including State Street Corp and Geode Capital Management LLC.