Principal Financial Group Inc. Has $1.15 Million Stock Holdings in Climb Global Solutions, Inc. $CLMB

Principal Financial Group Inc. boosted its holdings in shares of Climb Global Solutions, Inc. (NASDAQ:CLMB) by 341.7% in the 3rd quarter, Holdings Channel.com reports. The firm owned 8,546 shares of the company’s stock after purchasing an additional 6,611 shares during the quarter. Principal Financial Group Inc.’s holdings in Climb Global Solutions were worth $1,152,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors also recently added to or reduced their stakes in CLMB. State of Alaska Department of Revenue acquired a new position in shares of Climb Global Solutions during the third quarter worth approximately $27,000. Tower Research Capital LLC TRC grew its position in Climb Global Solutions by 317.3% in the 2nd quarter. Tower Research Capital LLC TRC now owns 555 shares of the company’s stock worth $59,000 after purchasing an additional 422 shares during the last quarter. SG Americas Securities LLC acquired a new stake in Climb Global Solutions in the 3rd quarter worth $102,000. Tidal Investments LLC increased its holdings in shares of Climb Global Solutions by 4.7% during the 2nd quarter. Tidal Investments LLC now owns 2,415 shares of the company’s stock worth $258,000 after purchasing an additional 108 shares during the period. Finally, MeadowBrook Investment Advisors LLC raised its position in shares of Climb Global Solutions by 32.4% during the third quarter. MeadowBrook Investment Advisors LLC now owns 1,960 shares of the company’s stock valued at $264,000 after buying an additional 480 shares during the last quarter. 49.72% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several equities analysts recently issued reports on CLMB shares. Wall Street Zen lowered Climb Global Solutions from a “buy” rating to a “hold” rating in a research note on Saturday, December 20th. Weiss Ratings lowered Climb Global Solutions from a “buy (b-)” rating to a “hold (c+)” rating in a report on Monday, January 12th. Zacks Research upgraded Climb Global Solutions from a “strong sell” rating to a “hold” rating in a research note on Tuesday, January 6th. Finally, Barrington Research reaffirmed an “outperform” rating and issued a $136.00 target price on shares of Climb Global Solutions in a research report on Friday, November 7th. One investment analyst has rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $136.00.

Climb Global Solutions Trading Up 0.6%

NASDAQ:CLMB opened at $118.08 on Thursday. The stock has a market capitalization of $544.35 million, a P/E ratio of 25.39, a price-to-earnings-growth ratio of 1.77 and a beta of 1.15. Climb Global Solutions, Inc. has a 1 year low of $88.90 and a 1 year high of $145.02. The firm has a 50 day moving average of $114.90 and a 200-day moving average of $119.24.

Climb Global Solutions Company Profile

Climb Global Solutions Inc operates as a value-added information technology (IT) distribution and solutions company in the United States, Canada, Europe, the United Kingdom, and internationally. It operates in two segments, Distribution and Solutions. The company distributes technical software to corporate and value-added resellers, consultants, and systems integrators under the name Climb Channel Solutions; and provides cloud solutions and resells software, hardware, and services under the name Grey Matter.