Allianz Asset Management GmbH Sells 11,336 Shares of Insight Enterprises, Inc. (NASDAQ:NSIT)

Allianz Asset Management GmbH decreased its stake in Insight Enterprises, Inc. (NASDAQ:NSITFree Report) by 56.5% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 8,719 shares of the software maker’s stock after selling 11,336 shares during the period. Allianz Asset Management GmbH’s holdings in Insight Enterprises were worth $1,545,000 at the end of the most recent quarter.

Several other hedge funds also recently modified their holdings of NSIT. GAMMA Investing LLC bought a new position in shares of Insight Enterprises in the 4th quarter valued at about $40,000. SRS Capital Advisors Inc. bought a new position in shares of Insight Enterprises in the 4th quarter valued at about $46,000. Signaturefd LLC grew its holdings in shares of Insight Enterprises by 26.9% in the 4th quarter. Signaturefd LLC now owns 392 shares of the software maker’s stock valued at $69,000 after acquiring an additional 83 shares in the last quarter. Anchor Investment Management LLC bought a new position in shares of Insight Enterprises in the 4th quarter valued at about $89,000. Finally, International Assets Investment Management LLC bought a new position in shares of Insight Enterprises in the 4th quarter valued at about $94,000.

Insider Transactions at Insight Enterprises

In other news, insider Adrian P. Gregory sold 2,750 shares of the business’s stock in a transaction that occurred on Wednesday, May 29th. The stock was sold at an average price of $195.83, for a total transaction of $538,532.50. Following the completion of the sale, the insider now owns 3,447 shares in the company, valued at $675,026.01. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. In other news, insider Adrian P. Gregory sold 2,750 shares of Insight Enterprises stock in a transaction that occurred on Wednesday, May 29th. The shares were sold at an average price of $195.83, for a total value of $538,532.50. Following the completion of the sale, the insider now directly owns 3,447 shares in the company, valued at $675,026.01. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, CEO Joyce A. Mullen sold 10,000 shares of Insight Enterprises stock in a transaction that occurred on Thursday, May 9th. The shares were sold at an average price of $201.08, for a total transaction of $2,010,800.00. Following the completion of the sale, the chief executive officer now owns 40,807 shares of the company’s stock, valued at $8,205,471.56. The disclosure for this sale can be found here. Insiders sold a total of 462,750 shares of company stock worth $89,169,833 over the last quarter. Company insiders own 1.23% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms recently commented on NSIT. StockNews.com upgraded Insight Enterprises from a “hold” rating to a “buy” rating in a report on Friday. JPMorgan Chase & Co. lifted their price target on Insight Enterprises from $193.00 to $195.00 and gave the stock a “neutral” rating in a report on Friday, May 3rd. Stifel Nicolaus lifted their price target on Insight Enterprises from $170.00 to $192.00 and gave the stock a “hold” rating in a report on Monday, April 15th. Finally, Barrington Research lifted their price target on Insight Enterprises from $211.00 to $225.00 and gave the stock an “outperform” rating in a report on Thursday, May 9th.

View Our Latest Stock Report on NSIT

Insight Enterprises Trading Up 0.8 %

Shares of NASDAQ:NSIT opened at $199.60 on Monday. Insight Enterprises, Inc. has a 12-month low of $131.59 and a 12-month high of $212.44. The stock has a market cap of $6.50 billion, a PE ratio of 25.11, a P/E/G ratio of 1.54 and a beta of 1.50. The business has a 50 day moving average of $193.23 and a 200-day moving average of $184.83. The company has a quick ratio of 1.22, a current ratio of 1.27 and a debt-to-equity ratio of 0.31.

Insight Enterprises (NASDAQ:NSITGet Free Report) last issued its quarterly earnings data on Thursday, May 2nd. The software maker reported $2.37 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.82 by $0.55. Insight Enterprises had a return on equity of 21.34% and a net margin of 3.23%. The company had revenue of $2.38 billion during the quarter, compared to analysts’ expectations of $2.30 billion. During the same quarter in the previous year, the company posted $1.78 earnings per share. The business’s revenue was up 2.4% on a year-over-year basis. As a group, equities research analysts forecast that Insight Enterprises, Inc. will post 10.78 earnings per share for the current year.

About Insight Enterprises

(Free Report)

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.

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Institutional Ownership by Quarter for Insight Enterprises (NASDAQ:NSIT)

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