Navellier & Associates Inc. Increases Position in Climb Global Solutions, Inc. (NASDAQ:CLMB)

Navellier & Associates Inc. boosted its holdings in shares of Climb Global Solutions, Inc. (NASDAQ:CLMB) by 151.0% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 8,126 shares of the company’s stock after acquiring an additional 4,889 shares during the period. Navellier & Associates Inc. owned 0.18% of Climb Global Solutions worth $1,030,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. New York State Teachers Retirement System purchased a new stake in Climb Global Solutions during the 3rd quarter valued at about $38,000. MeadowBrook Investment Advisors LLC purchased a new stake in Climb Global Solutions during the 4th quarter valued at about $120,000. Harvest Fund Management Co. Ltd purchased a new stake in Climb Global Solutions during the 3rd quarter valued at about $126,000. Quantbot Technologies LP purchased a new stake in Climb Global Solutions during the 3rd quarter valued at about $147,000. Finally, Kovitz Investment Group Partners LLC purchased a new stake in Climb Global Solutions during the 3rd quarter valued at about $222,000. Hedge funds and other institutional investors own 49.72% of the company’s stock.

Climb Global Solutions Price Performance

Climb Global Solutions stock opened at $124.41 on Friday. The firm has a 50 day simple moving average of $127.68 and a 200-day simple moving average of $113.67. Climb Global Solutions, Inc. has a 1-year low of $49.69 and a 1-year high of $142.50. The stock has a market cap of $573.16 million, a price-to-earnings ratio of 33.72, a price-to-earnings-growth ratio of 1.74 and a beta of 1.13.

Analysts Set New Price Targets

Separately, Barrington Research reaffirmed an “outperform” rating and set a $136.00 price objective on shares of Climb Global Solutions in a research note on Thursday, December 12th.

Climb Global Solutions 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.