IBM Sees Increased Institutional Investment
International Business Machines Corporation (IBM) has seen significant institutional investment activity recently. Shelter Mutual Insurance Co acquired 38,491 shares of IBM's stock during the second quarter, valued at approximately $10,824,000. This represents 2.3% of Shelter Mutual Insurance Co's portfolio and makes it the company's 13th biggest position.
Other large investors have also recently bought and sold shares of IBM. Brighton Jones LLC raised its position in shares by 12.4% during the fourth quarter, while Sivia Capital Partners LLC boosted its position by 10.6% during the second quarter. Jump Financial LLC acquired a new position in IBM during the second quarter valued at approximately $211,000.
According to data from MarketBeat, International Business Machines has an average rating of 'Moderate Buy' and a consensus price target of $265.90.