5 Tech Stocks to Buy According to Billionaire David Harding

3. International Business Machines Corporation (NYSE:IBM)

Winton Capital Management’s Stake Value: $8,716,000

Percentage of Winton Capital Management’s 13F Portfolio: 0.48%

Number of Hedge Fund Holders: 41

International Business Machines Corporation (NYSE:IBM) is a multinational technology corporation offering cloud services, computer hardware and software, nanotechnology, hosting, and IT consulting services. David Harding boosted his stake in International Business Machines Corporation (NYSE:IBM) by 17% in the third quarter, holding a total of 62,736 shares of the company worth $8.71 billion. The stock accounts for 0.48% of the billionaire’s total Q3 investments. 

In the third quarter earnings reported on October 20, International Business Machines Corporation (NYSE:IBM) posted an EPS of $2.52, exceeding estimates by $0.01. 

On December 7, Credit Suisse analyst Sami Badri assumed coverage of International Business Machines Corporation (NYSE:IBM) with an Outperform rating and an unchanged price target of $164.29.

Arrowstreet Capital is one of the leading International Business Machines Corporation (NYSE:IBM) stakeholders, with 2.8 million shares worth $398.1 million. Overall, 41 hedge funds were bullish on the stock as of September 2021.