Walleye Capital LLC Reduces Stock Holdings in PC Connection, Inc. $CNXN

Posted by Geri Gentry on Jul 26th, 2026

Walleye Capital LLC lessened its stake in PC Connection, Inc. (NASDAQ:CNXN – Free Report) by 76.0% in the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 4,329 shares of the company’s stock after selling 13,678 shares during the quarter. Walleye Capital LLC’s holdings in PC Connection were worth $253,000 at the end of the most recent reporting period.

A number of other hedge funds also recently made changes to their positions in CNXN. First Trust Advisors LP boosted its stake in shares of PC Connection by 11.3% in the first quarter. First Trust Advisors LP now owns 54,057 shares of the company’s stock valued at $3,160,000 after purchasing an additional 5,481 shares during the period. Meeder Asset Management Inc. purchased a new stake in PC Connection during the 1st quarter worth $44,000. Dimensional Fund Advisors LP lifted its holdings in PC Connection by 0.3% in the 1st quarter. Dimensional Fund Advisors LP now owns 1,526,494 shares of the company’s stock worth $89,237,000 after buying an additional 4,345 shares in the last quarter. Parallel Advisors LLC lifted its holdings in PC Connection by 200.4% in the 1st quarter. Parallel Advisors LLC now owns 709 shares of the company’s stock worth $41,000 after buying an additional 473 shares in the last quarter. Finally, Allspring Global Investments Holdings LLC boosted its position in PC Connection by 137.7% in the 1st quarter. Allspring Global Investments Holdings LLC now owns 61,038 shares of the company’s stock valued at $3,661,000 after buying an additional 35,358 shares during the last quarter. Hedge funds and other institutional investors own 42.85% of the company’s stock.

PC Connection Trading Up 1.5%

Shares of NASDAQ CNXN opened at $81.23 on Friday. The company has a market capitalization of $2.05 billion, a price-to-earnings ratio of 23.61, a price-to-earnings-growth ratio of 2.07 and a beta of 0.88. PC Connection, Inc. has a twelve month low of $54.97 and a twelve month high of $82.38. The business has a 50 day simple moving average of $72.44 and a 200-day simple moving average of $65.07.

PC Connection (NASDAQ:CNXN – Get Free Report) last posted its quarterly earnings results on Wednesday, April 29th. The company reported $0.77 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.62 by $0.15. The company had revenue of $721.87 million for the quarter, compared to the consensus estimate of $696.09 million. PC Connection had a net margin of 3.02% and a return on equity of 10.17%. As a group, equities analysts predict that PC Connection, Inc. will post 3.93 earnings per share for the current year.

PC Connection Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, May 29th. Stockholders of record on Tuesday, May 12th were issued a dividend of $0.20 per share. This represents a $0.80 dividend on an annualized basis and a dividend yield of 1.0%. The ex-dividend date of this dividend was Tuesday, May 12th. PC Connection’s payout ratio is 23.26%.

Insider Buying and Selling at PC Connection

In other news, Chairman Patricia Gallup sold 7,142 shares of the business’s stock in a transaction that occurred on Monday, July 6th. The stock was sold at an average price of $72.86, for a total transaction of $520,366.12. Following the completion of the transaction, the chairman directly owned 7,006,321 shares in the company, valued at approximately $510,480,548.06. The trade was a 0.10% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Insiders sold a total of 28,592 shares of company stock worth $2,048,512 over the last quarter. Insiders own 56.60% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on CNXN shares. Wall Street Zen raised PC Connection from a “hold” rating to a “buy” rating in a research report on Saturday, May 2nd. Weiss Ratings raised PC Connection from a “hold (c+)” rating to a “buy (b-)” rating in a report on Wednesday, June 3rd. One analyst has rated the stock with a Buy rating and one has assigned a Hold rating to the stock. According to data from MarketBeat, PC Connection has a consensus rating of “Moderate Buy”.

View Our Latest Stock Report on CNXN

PC Connection Profile

(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.