SG Americas Securities LLC Raises Position in Climb Global Solutions, Inc. (NASDAQ:CLMB)

SG Americas Securities LLC grew its position in shares of Climb Global Solutions, Inc. (NASDAQ:CLMB) by 21.4% during the fourth quarter, Holdings Channel reports. The fund owned 1,936 shares of the company’s stock after purchasing an additional 341 shares during the period. SG Americas Securities LLC’s holdings in Climb Global Solutions were worth $245,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in CLMB. New York State Teachers Retirement System purchased a new stake in Climb Global Solutions in the third quarter worth $38,000. Harvest Fund Management Co. Ltd purchased a new stake in shares of Climb Global Solutions in the 3rd quarter worth about $126,000. Quantbot Technologies LP bought a new position in shares of Climb Global Solutions in the 3rd quarter worth about $147,000. Kovitz Investment Group Partners LLC bought a new position in shares of Climb Global Solutions in the 3rd quarter worth about $222,000. Finally, Virtu Financial LLC bought a new stake in Climb Global Solutions during the third quarter worth about $228,000. Institutional investors own 49.72% of the company’s stock.

Analyst Ratings Changes

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

Climb Global Solutions Trading Up 0.8 %

Shares of NASDAQ:CLMB opened at $127.75 on Friday. The stock has a market capitalization of $588.93 million, a price-to-earnings ratio of 34.62, a PEG ratio of 1.74 and a beta of 1.13. Climb Global Solutions, Inc. has a 12-month low of $49.69 and a 12-month high of $142.50. The stock has a fifty day simple moving average of $129.12 and a two-hundred day simple moving average of $108.79.

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.