Swiss National Bank Decreases Position in Insight Enterprises, Inc. (NASDAQ:NSIT)

Swiss National Bank decreased its holdings in shares of Insight Enterprises, Inc. (NASDAQ:NSITGet Rating) by 0.4% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 82,200 shares of the software maker’s stock after selling 300 shares during the quarter. Swiss National Bank owned approximately 0.23% of Insight Enterprises worth $7,092,000 at the end of the most recent quarter.

Several other institutional investors have also recently added to or reduced their stakes in NSIT. Elequin Capital LP purchased a new stake in Insight Enterprises in the first quarter valued at approximately $25,000. Prospera Financial Services Inc purchased a new stake in Insight Enterprises in the first quarter valued at approximately $38,000. CWM LLC lifted its stake in Insight Enterprises by 1,926.7% in the second quarter. CWM LLC now owns 608 shares of the software maker’s stock valued at $52,000 after buying an additional 578 shares during the last quarter. US Bancorp DE lifted its stake in Insight Enterprises by 86.4% in the second quarter. US Bancorp DE now owns 822 shares of the software maker’s stock valued at $71,000 after buying an additional 381 shares during the last quarter. Finally, EverSource Wealth Advisors LLC lifted its stake in Insight Enterprises by 224.7% in the second quarter. EverSource Wealth Advisors LLC now owns 935 shares of the software maker’s stock valued at $80,000 after buying an additional 647 shares during the last quarter.

Insider Activity

In related news, Director Holdings L.P. Valueact bought 45,860 shares of the company’s stock in a transaction dated Friday, August 26th. The shares were acquired at an average price of $93.67 per share, with a total value of $4,295,706.20. Following the completion of the acquisition, the director now owns 4,307,533 shares in the company, valued at approximately $403,486,616.11. The transaction was disclosed in a document filed with the SEC, which is available through this link. Corporate insiders own 1.61% of the company’s stock.

Wall Street Analyst Weigh In

NSIT has been the subject of a number of research reports. StockNews.com started coverage on Insight Enterprises in a research note on Wednesday, October 12th. They issued a “hold” rating for the company. Barrington Research boosted their target price on Insight Enterprises from $110.00 to $125.00 and gave the company an “outperform” rating in a report on Monday, November 14th.

Insight Enterprises Trading Up 1.2 %

NASDAQ:NSIT opened at $103.53 on Wednesday. The firm has a market cap of $3.61 billion, a P/E ratio of 14.34, a PEG ratio of 0.97 and a beta of 1.56. The company has a current ratio of 1.66, a quick ratio of 1.50 and a debt-to-equity ratio of 0.48. The stock’s 50 day simple moving average is $90.15 and its 200-day simple moving average is $91.48. Insight Enterprises, Inc. has a 12-month low of $81.11 and a 12-month high of $111.02.

Insight Enterprises Company Profile

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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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