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Equitable Holdings Invests Heavily in IBM Amid Modest Growth Concerns

Guavy AI Editorial Team
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IBM
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Equitable Holdings Inc. recently acquired 83,681 shares of International Business Machines Corporation (NYSE:IBM) stock in its second quarter 13F filing with the Securities and Exchange Commission.

The stake is valued at approximately $23,532,000, making it a significant investment for Equitable Holdings Inc.

This acquisition marks one of several recent investments by various hedge funds and institutional investors in IBM, with a total of 58.96% of the stock owned by these entities.

However, not all news surrounding IBM is positive, as the company's latest quarterly results showed revenue below expectations, leading to concerns about modest growth.

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