PC Connection, Inc. (NASDAQ:CNXN) Chairman Patricia Gallup Sells 3,290 Shares of Stock

PC Connection, Inc. (NASDAQ:CNXNGet Rating) Chairman Patricia Gallup sold 3,290 shares of PC Connection stock in a transaction on Monday, November 21st. The shares were sold at an average price of $54.07, for a total value of $177,890.30. Following the sale, the chairman now directly owns 7,128,512 shares of the company’s stock, valued at $385,438,643.84. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link.

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

  • On Tuesday, November 15th, Patricia Gallup sold 4,800 shares of PC Connection stock. The stock was sold at an average price of $52.07, for a total transaction of $249,936.00.

PC Connection Stock Performance

PC Connection stock traded up $0.57 during mid-day trading on Thursday, reaching $55.77. 24,797 shares of the company were exchanged, compared to its average volume of 48,445. PC Connection, Inc. has a 12-month low of $40.08 and a 12-month high of $56.64. The business has a fifty day moving average of $48.76 and a 200 day moving average of $47.23. The firm has a market cap of $1.47 billion, a P/E ratio of 15.84 and a beta of 0.70.

Institutional Inflows and Outflows

Several large investors have recently made changes to their positions in the stock. Mawer Investment Management Ltd. grew its stake in PC Connection by 4.2% in the first 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. Vanguard Group Inc. lifted its holdings in shares of PC Connection by 8.5% during the third quarter. Vanguard Group Inc. now owns 869,443 shares of the company’s stock worth $39,204,000 after purchasing an additional 68,430 shares during the period. Los Angeles Capital Management LLC boosted its position in PC Connection by 768.6% in the third quarter. Los Angeles Capital Management LLC now owns 40,797 shares of the company’s stock valued at $1,840,000 after buying an additional 36,100 shares during the last quarter. Renaissance Technologies LLC acquired a new position in PC Connection in the 2nd quarter worth approximately $1,218,000. Finally, Goldman Sachs Group Inc. raised its position in PC Connection by 11.1% during the 2nd quarter. Goldman Sachs Group Inc. now owns 211,969 shares of the company’s stock worth $9,338,000 after buying an additional 21,093 shares during the last quarter. 41.32% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

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

About PC Connection

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

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