Patricia Gallup Sells 1,444 Shares of PC Connection, Inc. (NASDAQ:CNXN) Stock

PC Connection, Inc. (NASDAQ:CNXN – Get Rating) Chairman Patricia Gallup sold 1,444 shares of PC Connection stock in a transaction on Thursday, March 3rd. The shares were sold at an average price of $49.78, for a total value of $71,882.32. The sale was disclosed in a filing with the SEC, which is available through this hyperlink.

Patricia Gallup also recently made the following trade(s):

• On Wednesday, February 23rd, Patricia Gallup sold 2,553 shares of PC Connection stock. The shares were sold at an average price of $48.18, for a total value of $123,003.54.
• On Monday, February 14th, Patricia Gallup sold 4,700 shares of PC Connection stock. The shares were sold at an average price of $48.10, for a total value of $226,070.00.
• On Tuesday, February 8th, Patricia Gallup sold 7,496 shares of PC Connection stock. The shares were sold at an average price of $49.19, for a total value of $368,728.24.
• On Wednesday, February 2nd, Patricia Gallup sold 2,500 shares of PC Connection stock. The shares were sold at an average price of $43.03, for a total value of $107,575.00.
• On Monday, January 24th, Patricia Gallup sold 6,142 shares of PC Connection stock. The shares were sold at an average price of $43.14, for a total value of $264,965.88.
• On Tuesday, January 4th, Patricia Gallup sold 2,116 shares of PC Connection stock. The shares were sold at an average price of $43.57, for a total value of $92,194.12.
• On Tuesday, December 28th, Patricia Gallup sold 1,535 shares of PC Connection stock. The shares were sold at an average price of $44.19, for a total value of $67,831.65.
• On Monday, December 20th, Patricia Gallup sold 4,399 shares of PC Connection stock. The shares were sold at an average price of $42.59, for a total value of $187,353.41.
• On Tuesday, December 14th, Patricia Gallup sold 1,700 shares of PC Connection stock. The shares were sold at an average price of $44.11, for a total value of $74,987.00.
• On Wednesday, December 8th, Patricia Gallup sold 1,842 shares of PC Connection stock. The shares were sold at an average price of $45.47, for a total value of $83,755.74.

Shares of CNXN stock opened at $50.07 on Wednesday. The stock has a 50-day moving average price of $45.31. The firm has a market capitalization of $1.31 billion, a price-to-earnings ratio of 18.82 and a beta of 0.62. PC Connection, Inc. has a 12 month low of $40.08 and a 12 month high of $51.47.

PC Connection (NASDAQ:CNXN – Get Rating) last issued its earnings results on Monday, February 7th. The company reported $0.85 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.70 by $0.15. PC Connection had a return on equity of 10.43% and a net margin of 2.42%. During the same quarter in the previous year, the company earned $0.62 EPS. Sell-side analysts anticipate that PC Connection, Inc. will post 2.9 earnings per share for the current fiscal year.

A number of institutional investors and hedge funds have recently modified their holdings of the business. BlackRock Inc. boosted its holdings in PC Connection by 1.2% during the fourth quarter. BlackRock Inc. now owns 2,393,075 shares of the company’s stock worth $103,215,000 after buying an additional 29,104 shares during the last quarter. Vanguard Group Inc. boosted its holdings in PC Connection by 1.2% during the second quarter. Vanguard Group Inc. now owns 757,194 shares of the company’s stock worth $35,036,000 after buying an additional 8,734 shares during the last quarter. State Street Corp boosted its holdings in PC Connection by 3.3% during the fourth quarter. State Street Corp now owns 453,695 shares of the company’s stock worth $19,568,000 after buying an additional 14,413 shares during the last quarter. Northern Trust Corp boosted its holdings in PC Connection by 1.1% during the second quarter. Northern Trust Corp now owns 416,435 shares of the company’s stock worth $19,269,000 after buying an additional 4,417 shares during the last quarter. Finally, Invesco Ltd. boosted its holdings in PC Connection by 95.1% during the third quarter. Invesco Ltd. now owns 313,512 shares of the company’s stock worth $13,804,000 after buying an additional 152,809 shares during the last quarter. Hedge funds and other institutional investors own 41.32% of the company’s stock.

A number of analysts recently commented on the company. StockNews.com upgraded PC Connection from a “buy” rating to a “strong-buy” rating in a research report on Wednesday, February 9th. Sidoti upgraded PC Connection from a “neutral” rating to a “buy” rating and set a $55.00 price objective for the company in a research report on Monday, January 24th. Finally, Zacks Investment Research upgraded PC Connection from a “hold” rating to a “strong-buy” rating and set a $57.00 price objective for the company in a research report on Wednesday, February 9th.

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.

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