Bessemer Group Inc. lessened its stake in shares of International Business Machines Corporation (NYSE:IBM – Free Report) by 21.8% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 698,344 shares of the technology company’s stock after selling 194,707 shares during the quarter. Bessemer Group Inc. owned approximately 0.07% of International Business Machines worth $197,046,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other institutional investors and hedge funds also recently added to or reduced their stakes in IBM. Vanguard Group Inc. raised its holdings in …
