PC Connection (NASDAQ:CNXN) was upgraded by equities research analysts at BidaskClub from a “sell” rating to a “hold” rating in a research report issued to clients and investors on Tuesday, BidAskClub reports.
Several other research analysts have also recently issued reports on CNXN. Zacks Investment Research cut PC Connection from a “buy” rating to a “hold” rating in a research note on Wednesday, April 10th. ValuEngine cut PC Connection from a “buy” rating to a “hold” rating in a research note on Monday, April 1st. Finally, Sidoti cut PC Connection from a “buy” rating to a “neutral” rating and set a $40.00 price objective for the company. in a research note on Friday, February 15th. Four equities research analysts have rated the stock with a hold rating and one has given a buy rating to the company. The company has a consensus rating of “Hold” and an average price target of $40.00.
Shares of NASDAQ:CNXN opened at $33.06 on Tuesday. PC Connection has a 52-week low of $27.04 and a 52-week high of $43.05. The stock has a market capitalization of $869.33 million, a PE ratio of 13.95, a PEG ratio of 1.65 and a beta of 1.14. The company has a debt-to-equity ratio of 0.02, a current ratio of 2.60 and a quick ratio of 2.07.
Institutional investors have recently bought and sold shares of the stock. New York State Teachers Retirement System acquired a new stake in PC Connection during the first quarter worth about $37,000. Quantamental Technologies LLC acquired a new stake in PC Connection during the fourth quarter worth about $39,000. Assetmark Inc. acquired a new stake in PC Connection during the first quarter worth about $65,000. Great West Life Assurance Co. Can acquired a new stake in PC Connection during the fourth quarter worth about $58,000. Finally, Legal & General Group Plc grew its holdings in PC Connection by 23.6% during the fourth quarter. Legal & General Group Plc now owns 2,255 shares of the company’s stock worth $67,000 after acquiring an additional 431 shares during the period. 41.16% of the stock is currently owned by hedge funds and other institutional investors.
PC Connection Company Profile
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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