PC Connection, Inc. (NASDAQ:CNXN – Get Rating) Chairman Patricia Gallup sold 2,029 shares of the stock in a transaction on Tuesday, July 26th. The stock was sold at an average price of $46.62, for a total value of $94,591.98. Following the completion of the transaction, the chairman now directly owns 2,081,702 shares of the company's stock, valued at approximately $97,048,947.24. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link.

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

• On Tuesday, July 19th, Patricia Gallup sold 2,575 shares of PC Connection stock. The stock was sold at an average price of $45.82, for a total value of $117,986.50.
• On Tuesday, July 12th, Patricia Gallup sold 1,707 shares of PC Connection stock. The stock was sold at an average price of $43.97, for a total value of $75,056.79.
• On Wednesday, July 6th, Patricia Gallup sold 2,206 shares of PC Connection stock. The stock was sold at an average price of $42.94, for a total value of $94,725.64.
• On Monday, June 27th, Patricia Gallup sold 1,853 shares of PC Connection stock. The stock was sold at an average price of $44.87, for a total value of $83,144.11.
• On Wednesday, June 22nd, Patricia Gallup sold 2,700 shares of PC Connection stock. The shares were sold at an average price of $44.20, for a total value of $119,340.00.
• On Tuesday, June 14th, Patricia Gallup sold 3,800 shares of PC Connection stock. The shares were sold at an average price of $43.70, for a total value of $166,060.00.
• On Monday, June 6th, Patricia Gallup sold 4,300 shares of PC Connection stock. The shares were sold at an average price of $45.72, for a total value of $196,596.00.
• On Monday, May 23rd, Patricia Gallup sold 2,547 shares of PC Connection stock. The shares were sold at an average price of $43.66, for a total value of $111,202.02.
• On Wednesday, May 18th, Patricia Gallup sold 3,884 shares of PC Connection stock. The shares were sold at an average price of $45.70, for a total value of $177,498.80.
• On Tuesday, May 10th, Patricia Gallup sold 3,700 shares of PC Connection stock. The shares were sold at an average price of $47.26, for a total value of $174,862.00.

PC Connection Stock Down 0.8 %

Shares of NASDAQ CNXN opened at $47.43 on Friday. PC Connection, Inc. has a 12 month low of $40.08 and a 12 month high of $54.79. The company has a market cap of $1.25 billion, a price-to-earnings ratio of 15.30 and a beta of 0.63. The business has a fifty day simple moving average of $44.64 and a 200-day simple moving average of $47.30.

Analyst Ratings Changes

Separately, StockNews.com cut PC Connection from a "strong-buy" rating to a "buy" rating in a research note on Sunday, July 3rd.

Institutional Investors Weigh In On PC Connection

Several hedge funds have recently modified their holdings of the stock. Comerica Bank lifted its holdings in shares of PC Connection by 2.5% during the first quarter. Comerica Bank now owns 9,767 shares of the company's stock valued at $513,000 after purchasing an additional 239 shares during the last quarter. Victory Capital Management Inc. lifted its stake in PC Connection by 4.1% in the 4th quarter. Victory Capital Management Inc. now owns 8,811 shares of the company's stock worth $380,000 after acquiring an additional 345 shares in the last quarter. Rhumbline Advisers lifted its stake in PC Connection by 0.6% in the 4th quarter. Rhumbline Advisers now owns 60,590 shares of the company's stock worth $2,613,000 after acquiring an additional 356 shares in the last quarter. Bank of New York Mellon Corp lifted its stake in PC Connection by 0.4% in the 1st quarter. Bank of New York Mellon Corp now owns 146,379 shares of the company's stock worth $7,669,000 after acquiring an additional 587 shares in the last quarter. Finally, State of Alaska Department of Revenue lifted its stake in PC Connection by 8.9% in the 2nd quarter. State of Alaska Department of Revenue now owns 8,337 shares of the company's stock worth $367,000 after acquiring an additional 680 shares in the last quarter. 41.32% of the stock is owned by hedge funds and other institutional investors.

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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