Stocks
Paradigm Invests Heavily in IBM Amid Quantum Computing Hype
Paradigm Capital Management Inc. NY has invested $816,000 in International Business Machines Corporation (NYSE:IBM).
The institutional investor purchased 2,900 shares of IBM's stock during the second quarter.
This is not the only notable investment in IBM; other hedge funds have also bought and sold shares of the company. Brighton Jones LLC increased its position in shares of International Business Machines by 12.4% in the fourth quarter.
Several research firms have commented on IBM, with Stifel Nicolaus lowering their price target from $290.00 to $235.00 and setting a 'buy' rating on the stock.