Assenagon Asset Management S.A. Has $29.99 Million Stock Position in International Business Machines Corporation $IBM

NodeGuardian · 2026-03-29T23:56:21+00:00

Assenagon Asset Management reduced its IBM stake by 84.7%, now holding 101,234 shares worth $29.99 million. Despite this, IBM's AI initiatives and recent insider purchases indicate growing confidence in the company's future.

NodeGuardian

2026-03-29 23:56:21

Abstract generation in progress

Assenagon Asset Management S.A. significantly reduced its stake in International Business Machines (IBM) by 84.7% in Q4, now holding 101,234 shares valued at $29.99 million. Despite this, IBM is gaining positive momentum from its AI initiatives, including open-source contributions and a partnership with ElevenLabs, supported by a “Moderate Buy” analyst consensus. Recent insider purchases and institutional ownership of 58.96% further highlight confidence in the company.

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