Insight Enterprises, Inc. (NASDAQ:NSIT) Shares Sold by New York State Common Retirement Fund

New York State Common Retirement Fund cut its stake in shares of Insight Enterprises, Inc. (NASDAQ:NSIT) by 4.0% in the 4th quarter, Holdings Channel reports. The fund owned 11,749 shares of the software maker’s stock after selling 485 shares during the quarter. New York State Common Retirement Fund’s holdings in Insight Enterprises were worth $2,082,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds also recently added to or reduced their stakes in NSIT. Vanguard Personalized Indexing Management LLC raised its holdings in Insight Enterprises by 22.7% during the third quarter. Vanguard Personalized Indexing Management LLC now owns 5,902 shares of the software maker’s stock worth $859,000 after purchasing an additional 1,093 shares in the last quarter. Vanguard Group Inc. lifted its holdings in Insight Enterprises by 6.4% in the third quarter. Vanguard Group Inc. now owns 4,111,475 shares of the software maker’s stock valued at $598,220,000 after acquiring an additional 245,814 shares during the period. Vaughan Nelson Investment Management L.P. grew its stake in shares of Insight Enterprises by 3.8% during the 4th quarter. Vaughan Nelson Investment Management L.P. now owns 635,345 shares of the software maker’s stock worth $112,577,000 after purchasing an additional 23,085 shares during the period. 13D Management LLC increased its holdings in shares of Insight Enterprises by 11.6% in the 3rd quarter. 13D Management LLC now owns 83,953 shares of the software maker’s stock valued at $12,215,000 after purchasing an additional 8,721 shares in the last quarter. Finally, Pacer Advisors Inc. lifted its stake in shares of Insight Enterprises by 53.1% in the fourth quarter. Pacer Advisors Inc. now owns 712,197 shares of the software maker’s stock valued at $126,194,000 after purchasing an additional 247,049 shares during the period.

Insiders Place Their Bets

In related news, insider Samuel C. Cowley sold 7,278 shares of the company’s stock in a transaction that occurred on Tuesday, February 27th. The shares were sold at an average price of $187.62, for a total transaction of $1,365,498.36. Following the transaction, the insider now owns 23,009 shares of the company’s stock, valued at $4,316,948.58. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. In other Insight Enterprises news, insider Samuel C. Cowley sold 7,278 shares of the business’s stock in a transaction on Tuesday, February 27th. The stock was 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 in the company, valued at approximately $4,316,948.58. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Kathleen S. Pushor sold 1,790 shares of the firm’s stock in a transaction on Friday, February 23rd. The stock was sold at an average price of $185.12, for a total value of $331,364.80. Following the sale, the director now owns 5,800 shares in the company, valued at approximately $1,073,696. The disclosure for this sale can be found here. Insiders have sold 20,918 shares of company stock valued at $3,888,203 in the last ninety days. Insiders own 1.23% of the company’s stock.

Insight Enterprises Price Performance

NSIT stock opened at $200.34 on Thursday. The stock’s 50 day moving average price is $185.47 and its 200 day moving average price is $175.64. The firm has a market cap of $6.52 billion, a P/E ratio of 25.20, a PEG ratio of 1.40 and a beta of 1.50. The company has a debt-to-equity ratio of 0.31, a quick ratio of 1.22 and a current ratio of 1.27. Insight Enterprises, Inc. has a 1 year low of $122.33 and a 1 year high of $204.02.

Insight Enterprises (NASDAQ:NSIT) last issued its quarterly earnings data on Thursday, May 2nd. The software maker reported $2.37 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.82 by $0.55. The business had revenue of $2.38 billion for the quarter, compared to the consensus estimate of $2.30 billion. Insight Enterprises had a return on equity of 21.34% and a net margin of 3.23%. The business’s revenue was up 2.4% on a year-over-year basis. During the same period in the prior year, the business earned $1.78 earnings per share. On average, sell-side analysts expect that Insight Enterprises, Inc. will post 10.68 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several brokerages have weighed in on NSIT. Stifel Nicolaus upped their target price on shares of Insight Enterprises from $170.00 to $192.00 and gave the stock a “hold” rating in a research report on Monday, April 15th. JPMorgan Chase & Co. upped their target price on Insight Enterprises from $193.00 to $195.00 and gave the company a “neutral” rating in a report on Friday, May 3rd. Barrington Research reaffirmed an “outperform” rating and set a $211.00 price target on shares of Insight Enterprises in a research note on Tuesday, April 23rd. Finally, StockNews.com raised shares of Insight Enterprises from a “hold” rating to a “buy” rating in a research note on Friday, May 3rd.

Insight Enterprises Company 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.