5 Best Data Stocks to Buy Now

4. International Business Machines Corporation (NYSE: IBM)

Number of Hedge Fund Holders: 41

International Business Machines Corporation (NYSE: IBM) is a company providing integrated solutions and services, and operating across the globe. The Cloud and Cognitive Software segment in the company provides software for domain-specific solutions in a range of areas. The company ranks 4th on our list of the best data stocks to buy now.

International Business Machines Corporation (NYSE: IBM) entered into a five-year partnership with Hartree Centre research facility in the UK for the establishment for the Hartree National Centre for Digital Innovation this June. The partnership is worth over $290 million.

Earlier in June, Credit Suisse added IBM to its top picks of 2021 list. The firm said that these stocks have the “highest conviction combined with the least demanding market expectations.”

By the end of the first quarter of 2021, 41 of the 866 hedge funds tracked by Insider Monkey held stakes in International Business Machines Corporation (NYSE: IBM). The value of their stakes was roughly $1.36 billion.