<div id="readability-page-1"><p>Teacher Retirement System of Texas trimmed its stake in  PC Connection, Inc. (NASDAQ:CNXN - Free Report) by 8.9% during the second quarter, according to its most recent filing with the Securities &amp; Exchange Commission. The fund owned 96,129 shares of the company's stock after selling 9,412 shares during the quarter. Teacher Retirement System of Texas owned approximately 0.38% of PC Connection worth $6,323,000 at the end of the most recent quarter.</p><p>A number of other hedge funds and other institutional investors have also modified their holdings of the stock. AlphaQuest LLC boosted its position in shares of  PC Connection by 131.5% in the 2nd quarter. AlphaQuest LLC now owns 10,805 shares of the company's stock valued at $711,000 after purchasing an additional 6,138 shares during the period.  Denali Advisors LLC lifted its stake in  PC Connection by 25.7% during the second quarter. Denali Advisors LLC now owns 66,631 shares of the company's stock valued at $4,383,000 after buying an additional 13,608 shares in the last quarter.  Moran Wealth Management LLC acquired a new stake in shares of  PC Connection during the second quarter valued at approximately $2,154,000.  CWM LLC raised its holdings in shares of  PC Connection by 158.2% during the second quarter. CWM LLC now owns 4,226 shares of the company's stock valued at $278,000 after acquiring an additional 2,589 shares during the period.  Finally, KLP Kapitalforvaltning AS raised its holdings in shares of  PC Connection by 13.3% during the second quarter. KLP Kapitalforvaltning AS now owns 14,500 shares of the company's stock valued at $954,000 after acquiring an additional 1,700 shares during the period. Institutional investors and hedge funds own  42.85% of the company's stock. </p><div><p><span></span><span>Get <strong>PC Connection</strong> alerts:</span></p></div><h2>Analyst Ratings Changes</h2><p>CNXN has been the subject of a number of recent analyst reports. Weiss Ratings  reaffirmed a &#34;hold (c+)&#34; rating on shares of PC Connection in a research note on Wednesday, October 8th. Wall Street Zen lowered PC Connection from a &#34;buy&#34; rating to a &#34;hold&#34; rating in a report on Saturday, August 2nd. One investment analyst  has rated the stock with a Hold rating,  According to data from MarketBeat.com, the stock presently has a consensus rating of &#34;Hold&#34;.</p><p><b>View Our Latest Research Report on PC Connection</b></p><h2>PC Connection Stock Down 1.5%</h2><p>CNXN stock opened at $59.96 on Friday. PC Connection, Inc. has a 12-month low of $55.50 and a 12-month high of $75.84. The company has a market cap of $1.52 billion, a price-to-earnings ratio of 18.56, a PEG ratio of 1.74 and a beta of 0.70. The company has a 50 day moving average of $62.48 and a two-hundred day moving average of $63.96. </p><p>PC Connection (NASDAQ:CNXN - Get Free Report) last released its earnings results on Wednesday, October 29th. The company reported $0.97 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $1.01 by ($0.04). PC Connection had a return on equity of 9.64% and a net margin of 2.91%.The company had revenue of $709.07 million during the quarter, compared to analysts' expectations of $749.81 million.  On average, research analysts anticipate that  PC Connection, Inc. will post 3.33 EPS for the current year. </p><h2>PC Connection Announces Dividend</h2><p>The company also recently declared a quarterly dividend, which will be paid on Friday, November 28th. Stockholders of record on Tuesday, November 11th will be issued a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a dividend yield of 1.0%. The ex-dividend date is Monday, November 10th. PC Connection's payout ratio is currently 18.58%. </p><h2>PC Connection Profile</h2> (Free Report)<p>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.</p><h2>Recommended Stories</h2><ul><li>Five stocks we like better than PC Connection</li><li>5 discounted opportunities for dividend growth investors</li><li>Why Microsoft's Post-Earnings Dip Is a Buy-the-Pause Moment</li><li>Investing in Travel Stocks Benefits</li><li>NVIDIA’s Billion-Dollar Bet Puts Nokia Back in the Growth Game</li><li>Growth Investing: Should You Adopt This Investing Strategy in 2022?</li><li>Hold Ratings, High Rewards? 3 Stocks That Could Defy Expectations</li></ul><p><strong>Want to see what other hedge funds are holding CNXN?</strong> Visit HoldingsChannel.com to get the latest 13F filings and insider trades for PC Connection, Inc. (NASDAQ:CNXN - Free Report).</p><p><img src="https://imageproxy.pbkrs.com/https://www.marketbeat.com/scripts/SECFilingChart.ashx/query-UHJlZml4PU5BU0RBUSZTeW1ib2w9Q05YTg?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg" width="650" height="350" original-src="https://imageproxy.pbkrs.com/https://www.marketbeat.com/scripts/SECFilingChart.ashx/query-UHJlZml4PU5BU0RBUSZTeW1ib2w9Q05YTg"/></p><p><em>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 contact@marketbeat.com.</em></p><h2>Should You Invest $1,000 in PC Connection Right Now?</h2><p>Before you consider PC Connection, you'll want to hear this.</p><p>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.</p><p>While PC Connection currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.</p><p>View The Five Stocks Here</p>                  </div>

CNXN

<p>Teacher Retirement System of Texas reduced its stake in PC Connection, Inc. (NASDAQ:CNXN) by 8.9% in Q2, now holding 96,129 shares valued at $6.32 million. Other institutional investors also adjusted their holdings. The stock is currently rated as "Hold" by analysts, with a recent price of $59.96, down 1.5%. PC Connection reported Q3 earnings of $0.97 EPS, missing estimates, and declared a quarterly dividend of $0.15 per share, payable on November 28.</p>

PC Connection, Inc. $CNXN Shares Sold by Teacher Retirement System of Texas