Crescent Park Management Lowers stake in CDW Corp (CDW)

CDW Corp (CDW) : Crescent Park Management reduced its stake in CDW Corp by 39.85% during the most recent quarter end. The investment management company now holds a total of 444,153 shares of CDW Corp which is valued at $20,115,689 after selling 294,200 shares in CDW Corp , the firm said in a disclosure report filed with the SEC on Aug 12, 2016.CDW Corp makes up approximately 4.70% of Crescent Park Management’s portfolio.

Other Hedge Funds, Including , Thrivent Financial For Lutherans reduced its stake in CDW by selling 98,520 shares or 62.1% in the most recent quarter. The Hedge Fund company now holds 60,130 shares of CDW which is valued at $2,723,288. CDW Corp makes up approx 0.01% of Thrivent Financial For Lutherans’s portfolio.Rhumbline Advisers boosted its stake in CDW in the latest quarter, The investment management firm added 33,840 additional shares and now holds a total of 146,711 shares of CDW Corp which is valued at $6,644,541. CDW Corp makes up approx 0.02% of Rhumbline Advisers’s portfolio.Princeton Alpha Management Lp reduced its stake in CDW by selling 16,907 shares or 61.72% in the most recent quarter. The Hedge Fund company now holds 10,488 shares of CDW which is valued at $469,128. CDW Corp makes up approx 0.08% of Princeton Alpha Management Lp’s portfolio.Neuberger Berman Group reduced its stake in CDW by selling 132,788 shares or 1.93% in the most recent quarter. The Hedge Fund company now holds 6,760,977 shares of CDW which is valued at $302,418,501. CDW Corp makes up approx 0.40% of Neuberger Berman Group’s portfolio.

CDW Corp opened for trading at $44.26 and hit $44.86 on the upside on Monday, eventually ending the session at $44.58, with a gain of 0.77% or 0.34 points. The heightened volatility saw the trading volume jump to 5,73,788 shares. Company has a market cap of $7,281 M.

On the company’s financial health, CDW Corp reported $0.93 EPS for the quarter, beating the analyst consensus estimate by $ 0.09 according to the earnings call on Aug 3, 2016. Analyst had a consensus of $0.84. The company had revenue of $3664.60 million for the quarter, compared to analysts expectations of $3645.78 million. The company’s revenue was up 10.6% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.81 EPS.

CDW Corporation (CDW) is a provider of integrated information technology (IT) solutions in the United States and Canada. Its offerings include mobility security data center optimization cloud computing virtualization and collaboration. The Company offers products for Corporate and Public. Corporate offerings are offered for private sector business customers. Public customers include Government agencies and education and healthcare institutions. CDW has three segments CDW Advanced Services Canada and Kelway TopCo Limited (Kelway). The Company is a sales channel partner for many original equipment manufacturers (OEMs) and software publishers (collectively its vendor partners) whose products it sells or include in the solutions CDW offers. The Company helps its customer base of more than 250000 small medium and large business government education and healthcare customers by delivering solutions to their IT needs.

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