Sapient Capital LLC Makes New Investment in International Business Machines Co. (NYSE:IBM)
Apr 15, 2024 ·
6m 9s
Sapient Capital LLC has recently invested approximately $627,000 in International Business Machines Co. (IBM), acquiring 3,835 shares during the fourth quarter, as detailed in their latest Securities and Exchange Commission...
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Sapient Capital LLC has recently invested approximately $627,000 in International Business Machines Co. (IBM), acquiring 3,835 shares during the fourth quarter, as detailed in their latest Securities and Exchange Commission filing. This move is part of a broader trend of hedge funds and institutional investors adjusting their stakes in IBM. With a market cap of $167.09 billion and shares trading at $182.27, IBM has seen its stock fluctuate between $120.55 and $199.18 over the past year. Recently, the technology giant announced a dividend payout and has received varied ratings from analysts, maintaining an average "Hold" rating and a projected average price target of $178.08.
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