California State Teachers Retirement System Raises Stock Holdings in Insight Enterprises, Inc. (NASDAQ:NSIT)

California State Teachers Retirement System lifted its position in Insight Enterprises, Inc. (NASDAQ:NSITFree Report) by 5.9% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 33,485 shares of the software maker’s stock after acquiring an additional 1,877 shares during the period. California State Teachers Retirement System owned 0.10% of Insight Enterprises worth $5,933,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also recently made changes to their positions in the company. SummerHaven Investment Management LLC boosted its stake in shares of Insight Enterprises by 1.2% in the fourth quarter. SummerHaven Investment Management LLC now owns 4,892 shares of the software maker’s stock worth $867,000 after acquiring an additional 60 shares during the last quarter. Blue Trust Inc. boosted its stake in Insight Enterprises by 13.2% during the fourth quarter. Blue Trust Inc. now owns 550 shares of the software maker’s stock worth $97,000 after buying an additional 64 shares during the last quarter. Amalgamated Bank boosted its stake in Insight Enterprises by 0.6% during the third quarter. Amalgamated Bank now owns 13,219 shares of the software maker’s stock worth $1,923,000 after buying an additional 73 shares during the last quarter. Exchange Traded Concepts LLC boosted its stake in Insight Enterprises by 0.8% during the fourth quarter. Exchange Traded Concepts LLC now owns 9,598 shares of the software maker’s stock worth $1,701,000 after buying an additional 77 shares during the last quarter. Finally, Signaturefd LLC boosted its stake in Insight Enterprises by 26.9% during the fourth quarter. Signaturefd LLC now owns 392 shares of the software maker’s stock worth $69,000 after buying an additional 83 shares during the last quarter.

Insider Transactions at Insight Enterprises

In other news, Director Holdings L.P. Valueact sold 450,000 shares of the stock in a transaction that occurred on Wednesday, May 29th. The stock was sold at an average price of $192.49, for a total transaction of $86,620,500.00. Following the completion of the transaction, the director now directly owns 4,061,739 shares of the company’s stock, valued at approximately $781,844,140.11. The sale was disclosed in a document filed with the SEC, which is accessible through this link. In related news, Director Holdings L.P. Valueact sold 450,000 shares of the firm’s stock in a transaction that occurred on Wednesday, May 29th. The stock was sold at an average price of $192.49, for a total value of $86,620,500.00. Following the completion of the transaction, the director now directly owns 4,061,739 shares of the company’s stock, valued at approximately $781,844,140.11. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Joyce A. Mullen sold 10,000 shares of the firm’s stock in a transaction that occurred on Thursday, May 9th. The shares were sold at an average price of $201.08, for a total value of $2,010,800.00. Following the completion of the transaction, the chief executive officer now directly owns 40,807 shares of the company’s stock, valued at $8,205,471.56. The disclosure for this sale can be found here. In the last three months, insiders sold 462,750 shares of company stock valued at $89,169,833. Corporate insiders own 1.23% of the company’s stock.

Insight Enterprises Trading Down 2.0 %

NASDAQ:NSIT opened at $195.63 on Tuesday. The stock has a 50-day simple moving average of $193.42 and a 200-day simple moving average of $185.15. The stock has a market cap of $6.37 billion, a P/E ratio of 24.61, a P/E/G ratio of 1.54 and a beta of 1.50. Insight Enterprises, Inc. has a 1 year low of $131.59 and a 1 year high of $212.44. 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 (NASDAQ:NSITGet Free Report) last announced its earnings results on Thursday, May 2nd. The software maker reported $2.37 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.82 by $0.55. The firm had revenue of $2.38 billion during the quarter, compared to analysts’ expectations 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 firm earned $1.78 EPS. As a group, analysts anticipate that Insight Enterprises, Inc. will post 10.78 earnings per share for the current fiscal year.

Analyst Ratings Changes

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

Get Our Latest Report on NSIT

Insight Enterprises Profile

(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.

Featured Stories

Want to see what other hedge funds are holding NSIT? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Insight Enterprises, Inc. (NASDAQ:NSITFree Report).

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

Receive News & Ratings for Insight Enterprises Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Insight Enterprises and related companies with MarketBeat.com's FREE daily email newsletter.