11,323 Shares in PC Connection, Inc. $CNXN Purchased by GSA Capital Partners LLP

Posted by Stanley Muller on Aug 19th, 2026

GSA Capital Partners LLP acquired a new stake in PC Connection, Inc. (NASDAQ:CNXN – Free Report) during the second quarter, HoldingsChannel.com reports. The institutional investor acquired 11,323 shares of the company’s stock, valued at approximately $826,000.

Other hedge funds have also recently added to or reduced their stakes in the company. Qube Research & Technologies Ltd raised its position in PC Connection by 71.3% during the third quarter. Qube Research & Technologies Ltd now owns 165,573 shares of the company’s stock worth $10,264,000 after acquiring an additional 68,906 shares during the last quarter. UBS Group AG increased its position in PC Connection by 189.9% during the fourth quarter. UBS Group AG now owns 89,814 shares of the company’s stock worth $5,188,000 after buying an additional 58,831 shares in the last quarter. Millennium Management LLC raised its holdings in shares of PC Connection by 98.8% in the first quarter. Millennium Management LLC now owns 115,237 shares of the company’s stock worth $7,193,000 after acquiring an additional 57,257 shares during the last quarter. Invesco Ltd. lifted its position in shares of PC Connection by 22.1% in the fourth quarter. Invesco Ltd. now owns 219,220 shares of the company’s stock valued at $12,662,000 after acquiring an additional 39,716 shares in the last quarter. Finally, Engineers Gate Manager LP purchased a new stake in shares of PC Connection in the second quarter valued at $2,585,000. 42.85% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of research firms recently commented on CNXN. Zacks Research upgraded PC Connection from a “hold” rating to a “strong-buy” rating in a research report on Thursday, July 30th. Weiss Ratings upgraded shares of PC Connection from a “buy (b-)” rating to a “buy (b)” rating in a report on Thursday, July 30th. Finally, Wall Street Zen raised shares of PC Connection from a “hold” rating to a “buy” rating in a research note on Saturday, May 2nd. One research analyst has rated the stock with a Strong Buy rating and one has issued a Buy rating to the company. According to data from MarketBeat.com, PC Connection presently has an average rating of “Strong Buy”.

Get Our Latest Stock Report on PC Connection

Insider Transactions at PC Connection

In other PC Connection news, Chairman Patricia Gallup sold 7,142 shares of the firm’s stock in a transaction dated Tuesday, August 4th. The stock was sold at an average price of $86.34, for a total value of $616,640.28. Following the sale, the chairman directly owned 6,977,753 shares of the company’s stock, valued at approximately $602,459,194.02. This trade represents a 0.10% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Over the last quarter, insiders sold 35,734 shares of company stock valued at $2,665,153. 56.60% of the stock is currently owned by company insiders.

PC Connection Stock Performance

Shares of CNXN opened at $78.86 on Wednesday. PC Connection, Inc. has a fifty-two week low of $54.97 and a fifty-two week high of $88.31. The company has a market capitalization of $1.99 billion, a PE ratio of 20.86, a price-to-earnings-growth ratio of 1.94 and a beta of 0.86. The stock has a fifty day moving average of $77.26 and a two-hundred day moving average of $68.08.

PC Connection (NASDAQ:CNXN – Get Free Report) last posted its quarterly earnings data on Wednesday, July 29th. The company reported $1.31 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.00 by $0.31. The business had revenue of $854.00 million for the quarter, compared to analysts’ expectations of $764.79 million. PC Connection had a return on equity of 10.90% and a net margin of 3.21%. As a group, equities research analysts forecast that PC Connection, Inc. will post 4.18 earnings per share for the current fiscal year.

PC Connection Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, August 28th. Investors of record on Tuesday, August 11th will be given a dividend of $0.20 per share. The ex-dividend date is Tuesday, August 11th. This represents a $0.80 annualized dividend and a yield of 1.0%. PC Connection’s dividend payout ratio is 21.16%.

About PC Connection

(Free Report)

PC Connection, Inc (NASDAQ: CNXN), now operating under the trade name Connection, is a value-added provider of information technology solutions founded in 1982 and headquartered in Merrimack, New Hampshire. The company offers a broad portfolio of hardware and software products sourced from leading technology vendors, alongside professional services designed to help organizations design, deploy and maintain IT environments.

Connection’s product offerings encompass desktop and notebook computers, servers and storage systems, networking and cybersecurity solutions, as well as cloud and virtualization technologies.