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Stonebridge Capital Management Adds Position in IBM Stock

IBM logoIBM
Sig3.63Sen-2.73Env0.00Soc0.00Gov-3.00

Stonebridge Capital Management bought 12,900 IBM shares worth about $3.63 million, and Hara Capital acquired a new stake valued at roughly $28,000 in the second quarter. Institutional investors and hedge funds hold 58.96% of the stock. Separately, IBM SVP Robert Thomas sold 25,000 shares, while several analysts adjusted IBM price targets and ratings.

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