This afternoon we watched CDW drop -5.2% to a price of $220.43 per share. The Large-Cap Specialty Retail company is now trading -12.76% below its average target price of $252.66. Analysts have set target prices ranging from $232.0 to $274.0 per share for CDW, and have given the stock an average rating of buy.
The stock has an average amount of shares sold short at 2.8%, and a short ratio of 3.03. The company's insiders own 0.31% of its outstanding shares, which indicates a strong alignment between management and shareholder interests. Finally, we also note that a significant number of institutional investors are invested in the stock, with 96.5% of CDW's shares being owned by this investor type.
Institutions Invested in CDW
| Date Reported | Holder | Percentage | Shares | Value |
|---|---|---|---|---|
| 2024-03-31 | Vanguard Group Inc | 12% | 16,407,542 | $3,616,714,362 |
| 2024-03-31 | Blackrock Inc. | 8% | 10,887,395 | $2,399,908,400 |
| 2024-03-31 | FMR, LLC | 6% | 7,730,443 | $1,704,021,493 |
| 2024-03-31 | Morgan Stanley | 5% | 6,699,262 | $1,476,718,273 |
| 2024-03-31 | State Street Corporation | 4% | 5,565,717 | $1,226,850,957 |
| 2024-03-31 | Select Equity Group, Inc. | 4% | 5,052,512 | $1,113,725,183 |
| 2024-03-31 | Geode Capital Management, LLC | 2% | 3,359,989 | $740,642,350 |
| 2024-03-31 | Alliancebernstein L.P. | 2% | 3,194,878 | $704,246,934 |
| 2024-03-31 | Mawer Investment Management Ltd. | 2% | 3,101,924 | $683,757,084 |
| 2024-03-31 | Wellington Management Group, LLP | 2% | 3,027,961 | $667,453,421 |
Besides an analyst consensus of some upside potential, other market factors point to there being mixed market sentiment on CDW.
