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Palmer Knight Co Invests Heavily in IBM, Boosting Stake by Over 1%

Guavy AI Editorial Team
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IBM
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Palmer Knight Co acquired a significant stake in International Business Machines Corporation (NYSE:IBM), purchasing 17,605 shares worth approximately $4.95 million in the second quarter.

The investment is a notable addition to Palmer Knight Co's portfolio, which comprises 1.9% of IBM and makes it the company's 26th largest holding.

Several other institutional investors have also modified their holdings of IBM in recent quarters, with Brighton Jones LLC increasing its stake by 12.4% and Sivia Capital Partners LLC boosting its position by 10.6%.

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