Tocqueville Asset Management Acquires New Stake in IBM

Tocqueville Asset Management L.P. has acquired a new stake in International Business Machines Corporation (NYSE:IBM), purchasing 188,776 shares valued at approximately $53,086,000 during the second quarter.

This is not an isolated event, as other large investors have also made significant changes to their positions in IBM recently. BlackRock Inc., for instance, purchased a new stake in IBM's stock worth $21,586,659,000 in the same quarter.

IBM's principal businesses encompass cloud computing and software, infrastructure and systems, consulting and technology services, and research and development.