Insight Enterprises, Inc. (NASDAQ:NSIT) Shares Sold by Mirae Asset Global Investments Co. Ltd.

Mirae Asset Global Investments Co. Ltd. cut its holdings in shares of Insight Enterprises, Inc. (NASDAQ:NSIT) by 8.7% during the fourth quarter, Holdings Channel.com reports. The institutional investor owned 14,979 shares of the software maker’s stock after selling 1,420 shares during the period. Mirae Asset Global Investments Co. Ltd.’s holdings in Insight Enterprises were worth $2,654,000 as of its most recent SEC filing.

A number of other hedge funds also recently added to or reduced their stakes in the business. DekaBank Deutsche Girozentrale raised its holdings in shares of Insight Enterprises by 15.1% in the 4th quarter. DekaBank Deutsche Girozentrale now owns 3,187 shares of the software maker’s stock valued at $564,000 after purchasing an additional 417 shares in the last quarter. International Assets Investment Management LLC acquired a new stake in shares of Insight Enterprises in the 4th quarter valued at $94,000. Arizona State Retirement System raised its holdings in shares of Insight Enterprises by 11.2% in the 4th quarter. Arizona State Retirement System now owns 8,950 shares of the software maker’s stock valued at $1,586,000 after purchasing an additional 900 shares in the last quarter. Fifth Third Bancorp raised its holdings in shares of Insight Enterprises by 1,230.3% in the 4th quarter. Fifth Third Bancorp now owns 1,450 shares of the software maker’s stock valued at $257,000 after purchasing an additional 1,341 shares in the last quarter. Finally, Blue Trust Inc. raised its holdings in shares of Insight Enterprises by 13.2% in the 4th quarter. Blue Trust Inc. now owns 550 shares of the software maker’s stock valued at $97,000 after purchasing an additional 64 shares in the last quarter.

Insiders Place Their Bets

In other Insight Enterprises news, CAO Rachael Ann Bertrandt Crump sold 1,850 shares of Insight Enterprises stock in a transaction dated Thursday, February 22nd. The shares were 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 owns 4,436 shares in the company, valued at $810,324.12. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. In related news, Director Richard E. Allen sold 10,000 shares of the business’s stock in a transaction that occurred on Tuesday, February 27th. The shares were sold at an average price of $185.34, for a total value of $1,853,400.00. Following the completion of the sale, the director now directly owns 30,647 shares in the company, valued at $5,680,114.98. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, CAO Rachael Ann Bertrandt Crump sold 1,850 shares of the business’s stock in a transaction that occurred on Thursday, February 22nd. The shares were sold at an average price of $182.67, for a total transaction of $337,939.50. Following the completion of the sale, the chief accounting officer now owns 4,436 shares of the company’s stock, valued at $810,324.12. The disclosure for this sale can be found here. Over the last quarter, insiders sold 20,918 shares of company stock worth $3,888,203. Insiders own 1.23% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts have recently weighed in on NSIT shares. Barrington Research restated an “outperform” rating and issued a $211.00 price objective on shares of Insight Enterprises in a report on Tuesday, March 5th. StockNews.com lowered shares of Insight Enterprises from a “buy” rating to a “hold” rating in a report on Friday, January 26th. JPMorgan Chase & Co. lifted their price target on shares of Insight Enterprises from $188.00 to $193.00 and gave the stock a “neutral” rating in a research note on Thursday, April 11th. Finally, Stifel Nicolaus raised their price objective on shares of Insight Enterprises from $170.00 to $192.00 and gave the stock a “hold” rating in a research report on Monday.

Insight Enterprises Trading Up 0.1 %

Shares of Insight Enterprises stock opened at $181.00 on Friday. The company has a market capitalization of $5.89 billion, a P/E ratio of 23.97, a PEG ratio of 1.32 and a beta of 1.51. The company’s fifty day moving average is $185.17 and its two-hundred day moving average is $171.52. 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, Inc. has a 1 year low of $117.99 and a 1 year high of $194.57.

Insight Enterprises (NASDAQ:NSIT) last issued 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 firm had revenue of $2.24 billion during 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 firm’s revenue was down 10.7% on a year-over-year basis. During the same period in the previous year, the firm earned $2.53 EPS. Analysts forecast that Insight Enterprises, Inc. will post 10.59 earnings per share for the current year.

Insight Enterprises Profile

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.