IBM Sees New Investor Interest Amid Mixed Analyst Views

Joseph P. Lucia & Associates LLC has purchased a new stake in International Business Machines Corporation (IBM) during the second quarter, according to its most recent filing with the Securities & Exchange Commission.

The institutional investor bought 4,214 shares of IBM's stock, valued at approximately $1,185,000.

Other hedge funds have also recently bought and sold shares of IBM. Orca Wealth Management LLC lifted its holdings in International Business Machines by 3.7% during the fourth quarter, while Friday Financial grew its stake in International Business Machines by 1.9% during the second quarter.

The company has a market capitalization of $218.04 billion and a PE ratio of 20.54. Analysts expect that IBM will post EPS of 12.33 for the current year.