Climb Global Solutions, Inc. $CLMB Stock Position Increased by Principal Financial Group Inc.

Principal Financial Group Inc. increased its position in shares of Climb Global Solutions, Inc. (NASDAQ:CLMB) by 341.7% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 8,546 shares of the company’s stock after acquiring an additional 6,611 shares during the period. Principal Financial Group Inc. owned approximately 0.19% of Climb Global Solutions worth $1,152,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the business. Thrivent Financial for Lutherans boosted its position in shares of Climb Global Solutions by 37.8% during the 3rd quarter. Thrivent Financial for Lutherans now owns 102,478 shares of the company’s stock valued at $13,818,000 after purchasing an additional 28,089 shares in the last quarter. New York State Common Retirement Fund grew its position in Climb Global Solutions by 1,069.8% in the third quarter. New York State Common Retirement Fund now owns 21,465 shares of the company’s stock worth $2,894,000 after buying an additional 19,630 shares during the last quarter. MeadowBrook Investment Advisors LLC grew its position in Climb Global Solutions by 32.4% in the third quarter. MeadowBrook Investment Advisors LLC now owns 1,960 shares of the company’s stock worth $264,000 after buying an additional 480 shares during the last quarter. Conestoga Capital Advisors LLC bought a new position in shares of Climb Global Solutions in the third quarter valued at $1,210,000. Finally, State of Alaska Department of Revenue acquired a new stake in shares of Climb Global Solutions during the 3rd quarter valued at $27,000. 49.72% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

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

Climb Global Solutions Stock Performance

Shares of CLMB stock opened at $118.08 on Thursday. The stock’s 50 day simple moving average is $114.90 and its 200 day simple moving average is $119.24. Climb Global Solutions, Inc. has a twelve month low of $88.90 and a twelve month high of $145.02. The company has a market capitalization of $544.35 million, a price-to-earnings ratio of 25.39, a PEG ratio of 1.77 and a beta of 1.15.

About Climb Global Solutions

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.