Insider Selling: PC Connection, Inc. (NASDAQ:CNXN) Chairman Sells 4,800 Shares of Stock

PC Connection, Inc. (NASDAQ:CNXNGet Rating) Chairman Patricia Gallup sold 4,800 shares of the firm’s stock in a transaction that occurred on Tuesday, November 15th. The stock was sold at an average price of $52.07, for a total transaction of $249,936.00. Following the completion of the transaction, the chairman now directly owns 7,135,362 shares of the company’s stock, valued at approximately $371,538,299.34. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website.

PC Connection Stock Up 1.3 %

Shares of NASDAQ:CNXN opened at $53.93 on Friday. The firm has a fifty day moving average of $48.30 and a two-hundred day moving average of $47.11. The firm has a market capitalization of $1.42 billion, a P/E ratio of 15.32 and a beta of 0.70. PC Connection, Inc. has a 12-month low of $40.08 and a 12-month high of $54.79.

Institutional Investors Weigh In On PC Connection

Institutional investors have recently modified their holdings of the stock. Denali Advisors LLC boosted its stake in shares of PC Connection by 11.5% during the 2nd quarter. Denali Advisors LLC now owns 88,500 shares of the company’s stock valued at $3,898,000 after buying an additional 9,100 shares during the period. Martingale Asset Management L P lifted its stake in shares of PC Connection by 62.9% in the 1st quarter. Martingale Asset Management L P now owns 27,535 shares of the company’s stock valued at $1,444,000 after purchasing an additional 10,629 shares during the last quarter. Mawer Investment Management Ltd. lifted its stake in shares of PC Connection by 4.2% in the 1st quarter. Mawer Investment Management Ltd. now owns 1,976,093 shares of the company’s stock valued at $103,528,000 after purchasing an additional 78,958 shares during the last quarter. New York State Common Retirement Fund lifted its stake in shares of PC Connection by 12.0% in the 1st quarter. New York State Common Retirement Fund now owns 39,402 shares of the company’s stock valued at $2,064,000 after purchasing an additional 4,213 shares during the last quarter. Finally, James Investment Research Inc. lifted its stake in shares of PC Connection by 15.7% in the 2nd quarter. James Investment Research Inc. now owns 30,067 shares of the company’s stock valued at $1,324,000 after purchasing an additional 4,071 shares during the last quarter. Institutional investors and hedge funds own 41.32% of the company’s stock.

Analyst Upgrades and Downgrades

Separately, StockNews.com lowered shares of PC Connection from a “strong-buy” rating to a “buy” rating in a research note on Friday, November 4th.

PC Connection Company Profile

(Get Rating)

PC Connection, Inc, together with its subsidiaries, provides a range of information technology (IT) solutions. The company operates through three segments: Business Solutions, Enterprise Solutions, and Public Sector Solutions. It offers IT products, such as computer systems, software and peripheral equipment, networking communications, and other products and accessories.

See Also

Insider Buying and Selling by Quarter for PC Connection (NASDAQ:CNXN)

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