NEOS Increases Stake in IBM Amid Quantum Computing Expansion
NEOS Investment Management LLC has increased its holdings in International Business Machines Corporation (IBM) by 12.4% during the second quarter, according to a recent disclosure with the SEC.
The institutional investor now owns 151,373 shares of IBM's stock after acquiring an additional 16,708 shares during the quarter.
NEOS Investment Management LLC's holdings in International Business Machines were worth $42,568,000 as of its most recent filing with the SEC.
A number of other hedge funds have also recently bought and sold shares of IBM, including Basepoint Wealth LLC, Portus Wealth Advisors LLC, Harborfront Financial Group LLC, Cornerstone Financial Management LLC, and Hara Capital LLC.
International Business Machines Corporation has a market capitalization of $229.07 billion, a PE ratio of 21.57, a price-to-earnings-growth ratio of 2.32 and a beta of 0.71.