Insight Enterprises, Inc. (NASDAQ:NSIT) Shares Bought by Texas Permanent School Fund

Texas Permanent School Fund raised its stake in shares of Insight Enterprises, Inc. (NASDAQ:NSITGet Rating) by 2.5% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 25,351 shares of the software maker’s stock after acquiring an additional 618 shares during the period. Texas Permanent School Fund owned approximately 0.07% of Insight Enterprises worth $2,187,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also made changes to their positions in the company. Elequin Capital LP acquired a new stake in Insight Enterprises in the 1st quarter valued at approximately $25,000. Prospera Financial Services Inc purchased a new stake in shares of Insight Enterprises in the 1st quarter valued at $38,000. CWM LLC lifted its stake in Insight Enterprises by 1,926.7% during the 2nd quarter. CWM LLC now owns 608 shares of the software maker’s stock worth $52,000 after acquiring an additional 578 shares in the last quarter. US Bancorp DE boosted its holdings in Insight Enterprises by 86.4% during the 2nd quarter. US Bancorp DE now owns 822 shares of the software maker’s stock valued at $71,000 after acquiring an additional 381 shares during the period. Finally, EverSource Wealth Advisors LLC grew its position in Insight Enterprises by 224.7% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 935 shares of the software maker’s stock valued at $80,000 after acquiring an additional 647 shares in the last quarter.

Insight Enterprises Stock Performance

Shares of NSIT opened at $99.58 on Tuesday. The stock has a 50-day simple moving average of $88.16 and a 200-day simple moving average of $91.45. The company has a debt-to-equity ratio of 0.48, a quick ratio of 1.50 and a current ratio of 1.66. Insight Enterprises, Inc. has a 1 year low of $81.11 and a 1 year high of $111.02. The stock has a market capitalization of $3.47 billion, a PE ratio of 13.79, a PEG ratio of 0.96 and a beta of 1.56.

Analysts Set New Price Targets

Several research analysts have recently commented on NSIT shares. StockNews.com began coverage on shares of Insight Enterprises in a research note on Wednesday, October 12th. They issued a “hold” rating for the company. Barrington Research raised their price target on shares of Insight Enterprises from $110.00 to $125.00 and gave the company an “outperform” rating in a research report on Monday.

Insider Buying and Selling

In other news, Director Holdings L.P. Valueact acquired 27,096 shares of the company’s stock in a transaction on Wednesday, August 17th. The shares were bought at an average cost of $93.98 per share, with a total value of $2,546,482.08. Following the transaction, the director now owns 4,150,827 shares in the company, valued at approximately $390,094,721.46. The purchase was disclosed in a filing with the SEC, which can be accessed through the SEC website. In other Insight Enterprises news, Director Holdings L.P. Valueact acquired 27,096 shares of the company’s stock in a transaction dated Wednesday, August 17th. The shares were acquired at an average price of $93.98 per share, for a total transaction of $2,546,482.08. Following the acquisition, the director now owns 4,150,827 shares in the company, valued at approximately $390,094,721.46. The purchase was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director Kathleen S. Pushor sold 2,000 shares of the business’s stock in a transaction that occurred on Friday, August 19th. The stock was sold at an average price of $95.78, for a total value of $191,560.00. Following the sale, the director now owns 5,825 shares of the company’s stock, valued at approximately $557,918.50. The disclosure for this sale can be found here. Insiders bought 181,387 shares of company stock worth $16,976,709 over the last 90 days. 1.61% of the stock is owned by insiders.

Insight Enterprises Company Profile

(Get Rating)

Insight Enterprises, Inc, together with its subsidiaries, provides information technology (IT) hardware, software, and services solutions in the United States, Canada, Europe, the Middle East, Africa, and the Asia-Pacific. The company's solution portfolio includes cloud enablement, data and AI, DevOps, digital strategy, intelligent applications and edge, and IoT solutions, as well as transformation services.

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Institutional Ownership by Quarter for Insight Enterprises (NASDAQ:NSIT)

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