Arizona State Retirement System Has $1.59 Million Stock Holdings in Insight Enterprises, Inc. (NASDAQ:NSIT)

Arizona State Retirement System raised its stake in shares of Insight Enterprises, Inc. (NASDAQ:NSIT) by 11.2% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 8,950 shares of the software maker’s stock after purchasing an additional 900 shares during the period. Arizona State Retirement System’s holdings in Insight Enterprises were worth $1,586,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in NSIT. Federated Hermes Inc. grew its holdings in Insight Enterprises by 40.2% during the third quarter. Federated Hermes Inc. now owns 366 shares of the software maker’s stock valued at $30,000 after purchasing an additional 105 shares during the last quarter. Ronald Blue Trust Inc. boosted its position in shares of Insight Enterprises by 182.6% in the third quarter. Ronald Blue Trust Inc. now owns 486 shares of the software maker’s stock valued at $71,000 after acquiring an additional 314 shares during the period. Anchor Investment Management LLC bought a new stake in shares of Insight Enterprises in the fourth quarter valued at approximately $89,000. Blue Trust Inc. boosted its position in shares of Insight Enterprises by 13.2% in the fourth quarter. Blue Trust Inc. now owns 550 shares of the software maker’s stock valued at $97,000 after acquiring an additional 64 shares during the period. Finally, Fortis Capital Advisors LLC bought a new stake in shares of Insight Enterprises in the first quarter valued at approximately $107,000.

Insider Buying and Selling

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 stock was sold at an average price of $182.67, for a total transaction 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 $810,324.12. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 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 stock was sold at an average price of $182.67, for a total transaction 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 $810,324.12. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Kathleen S. Pushor sold 1,790 shares of Insight Enterprises stock in a transaction on Friday, February 23rd. The shares were sold at an average price of $185.12, for a total value of $331,364.80. Following the transaction, the director now directly owns 5,800 shares of the company’s stock, valued at $1,073,696. The disclosure for this sale can be found here. Insiders sold a total of 20,918 shares of company stock valued at $3,888,203 over the last ninety days. 1.02% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

NSIT has been the subject of several research reports. JPMorgan Chase & Co. increased their price objective on Insight Enterprises from $188.00 to $193.00 and gave the company a “neutral” rating in a research report on Thursday. StockNews.com cut Insight Enterprises from a “buy” rating to a “hold” rating in a research report on Friday, January 26th. Finally, Barrington Research reissued an “outperform” rating and issued a $211.00 price objective on shares of Insight Enterprises in a research report on Tuesday, March 5th.

Insight Enterprises Stock Down 0.8 %

Shares of NSIT stock opened at $182.67 on Friday. The stock has a market cap of $5.94 billion, a P/E ratio of 24.19, a price-to-earnings-growth ratio of 1.34 and a beta of 1.51. Insight Enterprises, Inc. has a one year low of $117.99 and a one year high of $194.57. The stock has a fifty day moving average price of $185.50 and a 200 day moving average price of $170.70. The company has a debt-to-equity ratio of 0.34, a current ratio of 1.28 and a quick ratio of 1.23.

Insight Enterprises (NASDAQ:NSIT) last issued its earnings results on Thursday, February 15th. The software maker reported $2.98 EPS for the quarter, missing the consensus estimate of $3.04 by ($0.06). The firm had revenue of $2.24 billion during the quarter, compared to the consensus estimate of $2.41 billion. Insight Enterprises had a return on equity of 20.64% and a net margin of 3.07%. The firm’s revenue for the quarter was down 10.7% compared to the same quarter last year. During the same period last year, the business earned $2.53 earnings per share. Analysts predict that Insight Enterprises, Inc. will post 10.59 earnings per share for the current year.

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.