Nykredit A S Takes Major Stake in International Business Machines Corporation

Nykredit A S recently acquired a new position in International Business Machines Corporation (NYSE:IBM) during the second quarter, as revealed in their most recent Form 13F filing with the Securities & Exchange Commission.

The Danish bank acquired 286,028 shares of IBM's stock, valued at approximately $80,434,000. This move is part of a larger trend, as other institutional investors have also recently made changes to their positions in the company.

Assetmark Inc., for example, boosted its stake in IBM by 24.8% in the first quarter and now owns 64,458 shares of the technology company's stock worth $15,624,000. GLOBALT Investments LLC GA lifted its holdings in IBM by 19.1% in the fourth quarter and now owns 18,288 shares of the company's stock worth $5,417,000.