Swiss National Bank bought a new position in PC Connection, Inc. (NASDAQ:CNXN) during the first quarter, according to its most recent Form 13F filing with the SEC. The firm bought 19,900 shares of the company’s stock, valued at approximately $593,000. Swiss National Bank owned approximately 0.07% of PC Connection as of its most recent SEC filing.
Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Dubuque Bank & Trust Co. purchased a new position in PC Connection during the first quarter worth about $104,000. Acadian Asset Management LLC bought a new position in shares of PC Connection during the first quarter worth $173,000. First Quadrant L P CA bought a new position in shares of PC Connection during the first quarter worth $185,000. Public Employees Retirement Association of Colorado bought a new position in shares of PC Connection during the first quarter worth $200,000. Finally, DUPONT CAPITAL MANAGEMENT Corp bought a new position in shares of PC Connection during the first quarter worth $394,000. 40.70% of the stock is currently owned by hedge funds and other institutional investors.
PC Connection, Inc. (CNXN) opened at 26.46 on Monday. PC Connection, Inc. has a 52 week low of $22.31 and a 52 week high of $30.48. The stock has a market cap of $708.10 million, a PE ratio of 15.22 and a beta of 1.64. The company has a 50-day moving average price of $26.64 and a 200-day moving average price of $27.74.
PC Connection (NASDAQ:CNXN) last released its earnings results on Thursday, April 20th. The company reported $0.28 earnings per share for the quarter, meeting the consensus estimate of $0.28. PC Connection had a return on equity of 11.40% and a net margin of 1.67%. The firm had revenue of $670.60 million for the quarter, compared to analyst estimates of $671.86 million. The company’s revenue was up 17.2% compared to the same quarter last year. Analysts anticipate that PC Connection, Inc. will post $1.93 earnings per share for the current year.
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A number of equities analysts recently weighed in on the company. Zacks Investment Research raised PC Connection from a “strong sell” rating to a “hold” rating in a research note on Tuesday, June 20th. Roth Capital reissued a “buy” rating and issued a $32.00 price target on shares of PC Connection in a research note on Friday, April 21st.
PC Connection Company Profile
PC Connection, Inc is a provider of a range of information technology (IT) solutions. The Company conducts its business operations through three business segments: small- to medium-sized businesses (SMB), Large Account and Public Sector. The Company enables customers to design, enable, manage and service their IT environments.
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