APG Asset Management N.V. Acquires 93,862 Shares of CDW Co. (NASDAQ:CDW)

APG Asset Management N.V. lifted its holdings in CDW Co.

( NASDAQ:CDW – Free Report ) by 54.7% in the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 265,599 shares of the information technology services provider’s stock after buying an additional 93,862 shares during the quarter.



APG Asset Management N.V. owned about 0.

20% of CDW worth $55,472,000 at the end of the most recent quarter. A number of other institutional investors have also made changes to their positions in the business. Wellington Management Group LLP boosted its position in CDW by 29.

1% in the 4th quarter. Wellington Management Group LLP now owns 3,464,886 shares of the information technology services provider’s stock valued at $787,638,000 after buying an additional 781,421 shares during the last quarter. Vanguard Group Inc.

increased its position in CDW by 4.6% in the first quarter. Vanguard Group Inc.

now owns 16,407,542 shares of the information technology services provider’s stock worth $4,196,721,000 after purchasing an additional 714,393 shares during the period. Lazard Asset Management LLC increased its position in CDW by 225.9% in the first quarter.

Lazard Asset Management LLC now owns 881,586 shares of the information technology services provider’s stock worth $225,491,000 after purchasing an additional 611,054 shares during the period. First Trust Advisors LP raised its holdings in CDW by 627.3% during the 4th quarter.

First Trust Advisors LP now owns 625,781 shares of the information technology services provider’s stock worth $142,252,000 after purchasing an additional 539,745 shares during the last quarter. Finally, Ceredex Value Advisors LLC acquired a new position in CDW during the 2nd quarter valued at about $79,549,000. 93.

15% of the stock is owned by institutional investors. Insider Activity In other news, insider Sona Chawla sold 18,437 shares of the firm’s stock in a transaction that occurred on Tuesday, July 16th. The stock was sold at an average price of $240.

45, for a total value of $4,433,176.65. Following the completion of the sale, the insider now directly owns 22,428 shares of the company’s stock, valued at $5,392,812.

60. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link . In other CDW news, insider Sona Chawla sold 18,437 shares of the company’s stock in a transaction on Tuesday, July 16th.

The shares were sold at an average price of $240.45, for a total value of $4,433,176.65.

Following the transaction, the insider now directly owns 22,428 shares in the company, valued at $5,392,812.60. The transaction was disclosed in a filing with the SEC, which is available through the SEC website .

Also, insider Christine A. Leahy bought 1,200 shares of the business’s stock in a transaction dated Thursday, August 1st. The shares were bought at an average price of $216.

15 per share, with a total value of $259,380.00. Following the purchase, the insider now owns 102,200 shares in the company, valued at approximately $22,090,530.

The disclosure for this purchase can be found here . 0.90% of the stock is owned by insiders.

CDW Stock Performance CDW ( NASDAQ:CDW – Get Free Report ) last released its quarterly earnings data on Wednesday, July 31st. The information technology services provider reported $2.34 EPS for the quarter, missing the consensus estimate of $2.

39 by ($0.05). The company had revenue of $5.

42 billion during the quarter, compared to analyst estimates of $5.43 billion. CDW had a net margin of 5.

29% and a return on equity of 62.22%. The company’s quarterly revenue was down 3.

6% compared to the same quarter last year. During the same period in the previous year, the company posted $2.43 EPS.

Analysts predict that CDW Co. will post 9.4 earnings per share for the current fiscal year.

CDW Dividend Announcement The company also recently disclosed a quarterly dividend, which was paid on Tuesday, September 10th. Stockholders of record on Monday, August 26th were paid a dividend of $0.62 per share.

The ex-dividend date of this dividend was Monday, August 26th. This represents a $2.48 annualized dividend and a dividend yield of 1.

08%. CDW’s dividend payout ratio is presently 30.96%.

Wall Street Analyst Weigh In A number of equities research analysts recently weighed in on the stock. Northcoast Research raised shares of CDW from a “neutral” rating to a “buy” rating and set a $270.00 price target for the company in a research note on Friday, June 7th.

Stifel Nicolaus upped their price objective on CDW from $250.00 to $260.00 and gave the company a “buy” rating in a report on Wednesday, July 17th.

Finally, Barclays reduced their target price on CDW from $232.00 to $229.00 and set an “equal weight” rating on the stock in a report on Thursday, August 1st.

Three investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $254.

63. Get Our Latest Analysis on CDW CDW Profile ( Free Report ) CDW Corporation provides information technology (IT) solutions in the United States, the United Kingdom, and Canada. It operates through three segments: Corporate, Small Business, and Public.

The company offers discrete hardware and software products and services, as well as integrated IT solutions, including on-premise and cloud capabilities across hybrid infrastructure, digital experience, and security. See Also Five stocks we like better than CDW Manufacturing Stocks Investing Rocket Lab Stock Soars: Should Investors Chase the Rally? Top Stocks Investing in 5G Technology KB Home Slips After Earnings: What’s Next for Homebuilders? What Investors Need to Know About Upcoming IPOs Micron Stock Soars as AI Demand Fuels Big Q4 Earnings Beat Receive News & Ratings for CDW Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for CDW and related companies with MarketBeat.com's FREE daily email newsletter .

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