BNP PARIBAS ASSET MANAGEMENT Holding S.A. lowered its position in shares of CDW (NASDAQ:CDW) by 17.7% in the first quarter, Holdings Channel reports. The institutional investor owned 28,887 shares of the information technology services provider’s stock after selling 6,197 shares during the quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A.’s holdings in CDW were worth $2,784,000 at the end of the most recent quarter.
Several other hedge funds and other institutional investors have also recently made changes to their positions in CDW. Ffcm LLC acquired a new stake in CDW in the 4th quarter valued at approximately $28,000. Bronfman E.L. Rothschild L.P. increased its holdings in CDW by 218.2% in the 4th quarter. Bronfman E.L. Rothschild L.P. now owns 350 shares of the information technology services provider’s stock valued at $28,000 after purchasing an additional 240 shares during the last quarter. PRW Wealth Management LLC acquired a new stake in CDW in the 4th quarter valued at approximately $30,000. Semmax Financial Advisors Inc. acquired a new stake in CDW in the 4th quarter valued at approximately $34,000. Finally, Daiwa SB Investments Ltd. acquired a new stake in CDW in the 1st quarter valued at approximately $47,000. Institutional investors and hedge funds own 91.14% of the company’s stock.
Shares of CDW stock opened at $105.29 on Monday. The company has a debt-to-equity ratio of 3.26, a current ratio of 1.35 and a quick ratio of 1.19. CDW has a 52 week low of $70.57 and a 52 week high of $108.57. The company has a market capitalization of $15.46 billion, a price-to-earnings ratio of 20.65 and a beta of 1.05.
In other CDW news, insider Douglas E. Eckrote sold 10,000 shares of the firm’s stock in a transaction that occurred on Friday, February 8th. The shares were sold at an average price of $89.49, for a total value of $894,900.00. Following the completion of the transaction, the insider now owns 152,765 shares of the company’s stock, valued at approximately $13,670,939.85. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Steven W. Alesio sold 14,013 shares of the firm’s stock in a transaction that occurred on Friday, February 8th. The shares were sold at an average price of $89.09, for a total transaction of $1,248,418.17. Following the completion of the transaction, the director now directly owns 24,183 shares of the company’s stock, valued at approximately $2,154,463.47. The disclosure for this sale can be found here. Insiders sold a total of 99,463 shares of company stock valued at $9,315,140 in the last three months. 2.60% of the stock is currently owned by corporate insiders.
Several research firms recently weighed in on CDW. BidaskClub upgraded shares of CDW from a “buy” rating to a “strong-buy” rating in a report on Tuesday, April 16th. Stifel Nicolaus downgraded shares of CDW from a “buy” rating to a “hold” rating and lifted their target price for the company from $100.00 to $105.00 in a report on Wednesday, April 17th. Northcoast Research downgraded shares of CDW from a “buy” rating to a “neutral” rating in a report on Friday. They noted that the move was a valuation call. Credit Suisse Group began coverage on shares of CDW in a report on Thursday, April 11th. They issued an “outperform” rating and a $117.00 target price for the company. Finally, ValuEngine upgraded shares of CDW from a “hold” rating to a “buy” rating in a report on Wednesday, February 13th. Five investment analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. The stock has an average rating of “Buy” and a consensus target price of $99.33.
CDW Corporation provides integrated information technology (IT) solutions to business, government, education, and healthcare customers in the United States, Canada, and the United Kingdom. It operates through three segments: Corporate, Small Business, and Public. The company offers discrete hardware and software products, as well as integrated IT solutions, including mobility, security, data center optimization, cloud computing, virtualization, and collaboration.
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