CDW falls as enterprise IT spending worries weigh on the stock

CDW Corporation (CDW) is down 6.1% today. Here is some analysis on what might have caused this price movement. ([investor.cdw.com](https://investor.cdw.com/overview/default.aspx?utm_source=openai))

Analysis: The most likely driver appears to be a broader selloff in enterprise technology names after a major industry warning suggested customers are shifting budgets toward core AI infrastructure and away from other IT purchases. This could be hitting CDW particularly hard because its business is tied to corporate, government, education, and healthcare technology spending, and investors were already sensitive to margin pressure after its latest quarterly report. ([marketscreener.com](https://www.marketscreener.com/news/ibm-warns-ai-boom-is-squeezing-software-budgets-shares-slump-in-sector-rout-ce7f5edcd18ef427?utm_source=openai))

Details:

Sources:

CDW Investor Relations, SEC, Reuters

Disclaimer: This price movement analysis was generated with the help of AI. Please double-check the information provided for mistakes.

$CDW Insider Trading Activity

$CDW insiders have traded $CDW stock on the open market 1 times in the past 6 months. Of those trades, 1 have been purchases and 0 have been sales.

Here’s a breakdown of recent trading of $CDW stock by insiders over the last 6 months:

• DAVID W NELMS purchased 18,000 shares for an estimated $2,005,740

To track insider transactions, check out Quiver Quantitative's insider trading dashboard. You can access data on insider stock transactions through the Quiver Quantitative API insider transaction endpoint.

$CDW Hedge Fund Activity

We have seen 334 institutional investors add shares of $CDW stock to their portfolio, and 376 decrease their positions in their most recent quarter.

Here are some of the largest recent moves:

• HOTCHKIS & WILEY CAPITAL MANAGEMENT LLC added 2,027,480 shares (+inf%) to their portfolio in Q1 2026, for an estimated $245,365,629
• NOMURA ASSET MANAGEMENT INTERNATIONAL INC. removed 1,377,222 shares (-77.4%) from their portfolio in Q1 2026, for an estimated $166,671,406
• PZENA INVESTMENT MANAGEMENT LLC added 1,115,535 shares (+inf%) to their portfolio in Q1 2026, for an estimated $135,002,045
• PERPETUAL LTD removed 1,087,505 shares (-100.0%) from their portfolio in Q1 2026, for an estimated $131,609,855
• SELECT EQUITY GROUP, L.P. removed 1,081,732 shares (-47.5%) from their portfolio in Q1 2026, for an estimated $130,911,206
• BLACKROCK, INC. added 1,068,612 shares (+7.8%) to their portfolio in Q1 2026, for an estimated $129,323,424
• BESSEMER GROUP INC removed 1,027,782 shares (-98.5%) from their portfolio in Q1 2026, for an estimated $124,382,177

To track hedge funds' stock portfolios, check out Quiver Quantitative's institutional holdings dashboard. You can access data on hedge funds moves and 13F filings through the Quiver Quantitative API 13F endpoint.

$CDW Government Contracts

We have seen $281,971,395 of award payments to $CDW over the last year.

Here are some of the awards which we have have seen pay out the most over the last year:

• RED HAT ENTERPRISE SUBSCRIPTION AGREEMENT BASE PLUS OPTION YEAR ONE (1): $26,839,946
• USDA,OCIO, DISC: SERVICENOW RENEWAL: $13,549,348
• JUNIPER NETWORKS MAINTENANCE: $13,034,398
• ANNUAL RENEWAL FOR AIT PORTION OF THE ORACLE ELA LICENSES: $10,662,674
• BRANT HALL NETWORK: $9,688,352

To track government contracts to publicy traded companies, check out Quiver Quantitative's government contracts dashboard. You can access data on government contracts through the Quiver Quantitative API government contracts endpoint.

$CDW Congressional Stock Trading

Members of Congress have traded $CDW stock 5 times in the past 6 months. Of those trades, 0 have been purchases and 5 have been sales.

Here’s a breakdown of recent trading of $CDW stock by members of Congress over the last 6 months:

• REPRESENTATIVE APRIL MCCLAIN DELANEY has traded it 5 times. They made 0 purchases and 5 sales worth up to $75,000 on 05/19, 05/18, 05/15, 05/14, 02/24.

To track congressional stock trading, check out Quiver Quantitative's congressional trading dashboard. You can access data on congressional stock trades through the Quiver Quantitative API Congress trades endpoint.

$CDW Price Targets

Multiple analysts have issued price targets for $CDW recently. We have seen 6 analysts offer price targets for $CDW in the last 6 months, with a median target of $138.5.

Here are some recent targets:

• Erik Woodring from Morgan Stanley set a target price of $170.0 on 06/23/2026
• Samik Chatterjee from JP Morgan set a target price of $130.0 on 05/27/2026
• Asiya Merchant from Citigroup set a target price of $123.0 on 05/08/2026
• Tim Long from Barclays set a target price of $123.0 on 05/07/2026
• Amit Daryanani from Evercore ISI Group set a target price of $160.0 on 05/07/2026
• David Vogt from UBS set a target price of $147.0 on 05/07/2026

This article is not financial advice. See Quiver Quantitative's disclaimers for more information. Note that there may be inaccuracies due to mistakes in ticker-mapping, and other anomalies.