Wed Sep 25 08:16:47 UTC 2024: ## Institutional Investors Show Interest in CDW Co. as Stock Price Fluctuates

**Chicago, IL -** Federated Hermes Inc. significantly increased its stake in CDW Co. (NASDAQ:CDW) by 88.2% during the second quarter, according to the firm’s latest 13F filing with the SEC. The investment firm now owns 1,137 shares of the information technology services provider valued at $255,000.

This move by Federated Hermes reflects a broader trend of institutional investor activity surrounding CDW. Other notable investors include D.A. Davidson & CO., who acquired a new stake in CDW in the fourth quarter, and Assetmark Inc., who increased their position by 37.4% during the same period.

CDW’s stock opened at $224.28 on Wednesday, with a 12-month low of $185.04 and a 12-month high of $263.37. The company boasts a market cap of $30.14 billion and has recently declared a quarterly dividend of $0.62 per share.

Analysts are divided on CDW’s future prospects. Northcoast Research upgraded the stock to a “buy” rating with a target price of $270.00, while Stifel Nicolaus increased their price objective to $260.00. However, Barclays lowered their target price to $229.00 and assigned an “equal weight” rating. Overall, the stock currently has an average rating of “Moderate Buy” with a target price of $254.63.

Insider trading activity has also been observed. Sona Chawla sold 18,437 shares of CDW stock in July, while Christine A. Leahy acquired 1,200 shares in August.

CDW Corporation provides IT solutions in the United States, the United Kingdom, and Canada, offering hardware, software, and integrated IT solutions across various sectors.

This news highlights the ongoing interest from institutional investors in CDW, even as the stock price fluctuates. While analysts hold varying opinions on the company’s future performance, investors should closely monitor its financial reports and market trends to make informed decisions.

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