Rakuten Investment Management Adds Stake in IBM via 13F Filing
Rakuten Investment Management Inc. bought 153,622 shares of IBM, valued at about $42.7 million, per its 13F filing. Basepoint Wealth LLC and Hara Capital LLC also acquired new, smaller IBM positions. Separately, Barclays lowered its price target but kept an overweight view, while Needham and RBC reiterated buy/outperform ratings and set price objectives.