PC Connection, Inc. (NASDAQ:CNXN – Get Rating) Director Jack L. Ferguson sold 4,000 shares of PC Connection stock in a transaction dated Wednesday, September 14th. The shares were sold at an average price of $46.36, for a total value of $185,440.00. Following the sale, the director now directly owns 77,680 shares in the company, valued at $3,601,244.80. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.
PC Connection Price Performance
Shares of PC Connection stock traded down $0.79 during midday trading on Thursday, reaching $45.61. The company had a trading volume of 32,035 shares, compared to its average volume of 45,467. The stock has a fifty day moving average price of $47.85 and a 200 day moving average price of $48.19. The firm has a market cap of $1.20 billion, a PE ratio of 13.44 and a beta of 0.62. PC Connection, Inc. it has a fifty-two week low of $40.08 and a fifty-two week high of $54.79.
Analyst Ratings Changes
Separately, StockNews.com raised PC Connection from a “buy” rating to a “strong-buy” rating in a research note on Saturday, August 27th.
Hedge Funds Weigh In On PC Connection
A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Legal & General Group Plc lifted its stake in shares of PC Connection by 2.1% in the second quarter. Legal & General Group Plc now owns 27,585 shares of the company’s stock worth $1,215,000 after acquiring an additional 556 shares during the period. Goldman Sachs Group Inc. increased its holdings in PC Connection by 11.1% in the second quarter. Goldman Sachs Group Inc. now owns 211,969 shares of the company’s stock worth $9,338,000 after purchasing an additional 21,093 shares in the last quarter. Thrivent Financial for Lutherans increased its holdings in PC Connection by 21.0% in the second quarter. Thrivent Financial for Lutherans now owns 10,839 shares of the company’s stock worth $477,000 after purchasing an additional 1,878 shares in the last quarter. Prudential Financial Inc. increased its holdings in PC Connection by 33.5% in the second quarter. Prudential Financial Inc. now owns 61,498 shares of the company’s stock worth $2,709,000 after purchasing an additional 15,430 shares in the last quarter. Finally, AQR Capital Management LLC increased its holdings in PC Connection by 31.0% in the second quarter. AQR Capital Management LLC now owns 20,544 shares of the company’s stock worth $905,000 after purchasing an additional 4,865 shares in the last quarter. 41.32% of the stock is owned by institutional investors and hedge funds.
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.
Featured Articles
This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat’s editorial team prior to publication. Please send any questions or comments about this story to [email protected].
Before you consider PC Connection, you’ll want to hear this.
MarketBeat keeps track of Wall Street’s top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on… and PC Connection wasn’t on the list.
While PC Connection currently has a “Buy” rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
.