Climb Global Solutions, Inc. (NASDAQ:CLMB) Shares Acquired by State Street Corp

State Street Corp increased its stake in shares of Climb Global Solutions, Inc. (NASDAQ:CLMB - Free Report) by 12.5% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 62,692 shares of the company's stock after purchasing an additional 6,979 shares during the quarter. State Street Corp owned approximately 1.36% of Climb Global Solutions worth $6,240,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors also recently made changes to their positions in the business. De Lisle Partners LLP grew its stake in shares of Climb Global Solutions by 24.1% during the 3rd quarter. De Lisle Partners LLP now owns 194,280 shares of the company's stock valued at $19,272,000 after buying an additional 37,747 shares during the period. Choreo LLC purchased a new stake in shares of Climb Global Solutions during the 2nd quarter worth about $4,491,000. Herald Investment Management Ltd raised its holdings in Climb Global Solutions by 3.0% in the second quarter. Herald Investment Management Ltd now owns 40,000 shares of the company's stock valued at $2,447,000 after buying an additional 1,159 shares during the period. Bank of New York Mellon Corp increased its position in shares of Climb Global Solutions by 2.4% in the second quarter. Bank of New York Mellon Corp now owns 39,954 shares of the company's stock worth $2,510,000 after acquiring an additional 919 shares in the last quarter. Finally, Royce & Associates LP raised its stake in shares of Climb Global Solutions by 314.5% in the 3rd quarter. Royce & Associates LP now owns 35,919 shares of the company's stock valued at $3,575,000 after acquiring an additional 27,254 shares during the period. Hedge funds and other institutional investors own 49.72% of the company's stock.

Analysts Set New Price Targets

Separately, Barrington Research reissued an "outperform" rating and set a $136.00 target price on shares of Climb Global Solutions in a research report on Thursday, December 12th.

Climb Global Solutions Trading Down 1.8 %

CLMB traded down $2.35 during trading on Friday, reaching $126.29. 16,238 shares of the company were exchanged, compared to its average volume of 21,091. The stock has a market cap of $581.82 million, a P/E ratio of 34.22, a PEG ratio of 1.92 and a beta of 1.13. The firm has a 50 day moving average of $123.56 and a 200 day moving average of $95.46. Climb Global Solutions, Inc. has a 52 week low of $48.67 and a 52 week high of $142.50.

Climb Global Solutions Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, November 15th. Stockholders of record on Monday, November 11th were paid a $0.17 dividend. The ex-dividend date of this dividend was Friday, November 8th. This represents a $0.68 annualized dividend and a dividend yield of 0.54%. Climb Global Solutions's payout ratio is 18.43%.

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.