MSH Capital Advisors Invests $740,000 in IBM Amid Institutional Buying Spree
MSH Capital Advisors LLC has invested $740,000 in International Business Machines Corporation (IBM). According to the company's most recent Form 13F filing with the Securities and Exchange Commission, MSH bought 2,631 shares of IBM stock during the 2nd quarter.
This is not an isolated incident. Other hedge funds and institutional investors have also been increasing their stakes in IBM. VIRGINIA RETIREMENT SYSTEMS ET Al, for example, grew its holdings in IBM by 424.6% during the 4th quarter, while Assetmark Inc. lifted its stake in IBM by 24.8% in the first quarter.
Hedge funds and other institutional investors own 58.96% of IBM's stock. Analysts have been weighing in on the company, with several upgrading their price targets and ratings for IBM stock.