New York State Teachers Retirement System Sells 8,655 Shares of Insight Enterprises, Inc. (NASDAQ:NSIT)

New York State Teachers Retirement System decreased its stake in shares of Insight Enterprises, Inc. (NASDAQ:NSIT) by 16.8% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 42,878 shares of the software maker’s stock after selling 8,655 shares during the period. New York State Teachers Retirement System owned about 0.13% of Insight Enterprises worth $7,598,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in NSIT. Raymond James & Associates raised its position in Insight Enterprises by 14.3% in the first quarter. Raymond James & Associates now owns 3,020 shares of the software maker’s stock worth $324,000 after acquiring an additional 377 shares during the period. Raymond James Financial Services Advisors Inc. bought a new position in Insight Enterprises in the first quarter worth approximately $410,000. Bank of Montreal Can raised its position in Insight Enterprises by 7.6% in the first quarter. Bank of Montreal Can now owns 11,631 shares of the software maker’s stock worth $1,268,000 after acquiring an additional 826 shares during the period. MetLife Investment Management LLC raised its position in Insight Enterprises by 54.0% in the first quarter. MetLife Investment Management LLC now owns 18,092 shares of the software maker’s stock worth $1,942,000 after acquiring an additional 6,347 shares during the period. Finally, Rhumbline Advisers raised its position in Insight Enterprises by 2.5% in the first quarter. Rhumbline Advisers now owns 101,604 shares of the software maker’s stock worth $10,904,000 after acquiring an additional 2,524 shares during the period.

Analyst Upgrades and Downgrades

Several research firms have weighed in on NSIT. StockNews.com downgraded shares of Insight Enterprises from a “buy” rating to a “hold” rating in a research report on Friday, January 26th. Barrington Research restated an “outperform” rating and set a $211.00 price objective on shares of Insight Enterprises in a research report on Tuesday, March 5th. Finally, JPMorgan Chase & Co. raised their price objective on shares of Insight Enterprises from $188.00 to $193.00 and gave the company a “neutral” rating in a research report on Thursday.

Insight Enterprises Stock Performance

NSIT opened at $184.07 on Friday. The stock has a market capitalization of $5.99 billion, a price-to-earnings ratio of 24.38, a PEG ratio of 1.35 and a beta of 1.51. The company has a fifty day moving average of $185.59 and a 200 day moving average of $170.28. Insight Enterprises, Inc. has a fifty-two week low of $117.99 and a fifty-two week high of $194.57. The company has a debt-to-equity ratio of 0.34, a quick ratio of 1.23 and a current ratio of 1.28.

Insight Enterprises (NASDAQ:NSIT) last posted its earnings results on Thursday, February 15th. The software maker reported $2.98 earnings per share for the quarter, missing the consensus estimate of $3.04 by ($0.06). The company had revenue of $2.24 billion for the quarter, compared to analysts’ expectations of $2.41 billion. Insight Enterprises had a net margin of 3.07% and a return on equity of 20.64%. The business’s revenue was down 10.7% on a year-over-year basis. During the same period in the previous year, the business posted $2.53 earnings per share. As a group, sell-side analysts forecast that Insight Enterprises, Inc. will post 10.59 earnings per share for the current fiscal year.

Insider Activity at Insight Enterprises

In other Insight Enterprises news, insider Samuel C. Cowley sold 7,278 shares of Insight Enterprises stock in a transaction on Tuesday, February 27th. The shares were sold at an average price of $187.62, for a total value of $1,365,498.36. Following the completion of the transaction, the insider now directly owns 23,009 shares of the company’s stock, valued at approximately $4,316,948.58. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. In other Insight Enterprises news, CAO Rachael Ann Bertrandt Crump sold 1,850 shares of Insight Enterprises stock in a transaction on Thursday, February 22nd. The shares were sold at an average price of $182.67, for a total value of $337,939.50. Following the completion of the transaction, the chief accounting officer now directly owns 4,436 shares of the company’s stock, valued at approximately $810,324.12. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider Samuel C. Cowley sold 7,278 shares of Insight Enterprises stock in a transaction on Tuesday, February 27th. The stock was sold at an average price of $187.62, for a total transaction of $1,365,498.36. Following the completion of the transaction, the insider now directly owns 23,009 shares of the company’s stock, valued at $4,316,948.58. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 20,918 shares of company stock valued at $3,888,203. Corporate insiders own 1.02% of the company’s stock.

About Insight Enterprises

Insight Enterprises, Inc, together with its subsidiaries, provides information technology, hardware, software, and services in the United States and internationally. The company offers modern platforms/infrastructure that manages and supports cloud and data platforms, modern networks, and edge technologies; cybersecurity solutions automates and connects modern platform securely; data and artificial intelligence modernizes data platforms and architectures, and build data analytics and AI solutions; modern workplace and apps; and intelligent edge solutions that gathers and utilizes data for real-time decision making.