Climb Global Solutions, Inc. $CLMB Stake Lifted by New York State Common Retirement Fund

New York State Common Retirement Fund increased its holdings in Climb Global Solutions, Inc. (NASDAQ:CLMB) by 1,069.8% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 21,465 shares of the company’s stock after buying an additional 19,630 shares during the quarter. New York State Common Retirement Fund owned about 0.46% of Climb Global Solutions worth $2,894,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in CLMB. State of Alaska Department of Revenue acquired a new stake in Climb Global Solutions in the third quarter worth approximately $27,000. IFP Advisors Inc grew its holdings in Climb Global Solutions by 183.3% during the second quarter. IFP Advisors Inc now owns 544 shares of the company’s stock worth $58,000 after acquiring an additional 352 shares during the period. Tower Research Capital LLC TRC lifted its holdings 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 valued at $59,000 after acquiring an additional 422 shares during the last quarter. SG Americas Securities LLC acquired a new stake in Climb Global Solutions in the 3rd quarter valued at about $102,000. Finally, Tidal Investments LLC boosted its position 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 valued at $258,000 after purchasing an additional 108 shares in the last quarter. 49.72% of the stock is currently owned by institutional investors.

Climb Global Solutions Trading Up 3.3%

Climb Global Solutions stock opened at $122.65 on Friday. Climb Global Solutions, Inc. has a 1-year low of $88.90 and a 1-year high of $145.02. The firm’s fifty day simple moving average is $113.08 and its 200-day simple moving average is $118.42. The company has a market capitalization of $565.42 million, a P/E ratio of 26.38, a P/E/G ratio of 1.84 and a beta of 1.15.

Analyst Upgrades and Downgrades

CLMB has been the subject of several analyst reports. Wall Street Zen downgraded Climb Global Solutions from a “buy” rating to a “hold” rating in a report on Saturday, December 20th. Zacks Research upgraded shares of Climb Global Solutions from a “strong sell” rating to a “hold” rating in a report on Tuesday, January 6th. Barrington Research restated an “outperform” rating and set a $136.00 price target on shares of Climb Global Solutions in a report on Friday, November 7th. Finally, Weiss Ratings downgraded shares of Climb Global Solutions from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Monday, January 12th. One equities research analyst has rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $136.00.

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.