Natixis Advisors LLC Sells 26,702 Shares of Insight Enterprises, Inc. (NASDAQ:NSIT)

Natixis Advisors LLC reduced its stake in shares of Insight Enterprises, Inc. (NASDAQ:NSIT) by 24.7% in the second quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 81,382 shares of the software maker’s stock after selling 26,702 shares during the period. Natixis Advisors LLC owned about 0.25% of Insight Enterprises worth $16,143,000 at the end of the most recent reporting period.

Several other large investors also recently modified their holdings of NSIT. Tevis Investment Management grew its holdings in Insight Enterprises by 3.5% during the second quarter. Tevis Investment Management now owns 1,774 shares of the software maker’s stock valued at $352,000 after purchasing an additional 60 shares during the period. Hanseatic Management Services Inc. grew its stake in shares of Insight Enterprises by 1.8% during the 2nd quarter. Hanseatic Management Services Inc. now owns 3,854 shares of the software maker’s stock worth $764,000 after acquiring an additional 69 shares during the period. GAMMA Investing LLC increased its holdings in Insight Enterprises by 32.7% in the 1st quarter. GAMMA Investing LLC now owns 288 shares of the software maker’s stock worth $53,000 after acquiring an additional 71 shares during the last quarter. SummerHaven Investment Management LLC raised its stake in Insight Enterprises by 1.6% in the 2nd quarter. SummerHaven Investment Management LLC now owns 5,020 shares of the software maker’s stock valued at $996,000 after acquiring an additional 77 shares during the period. Finally, Commonwealth Equity Services LLC raised its stake in Insight Enterprises by 7.1% in the 2nd quarter. Commonwealth Equity Services LLC now owns 1,567 shares of the software maker’s stock valued at $311,000 after acquiring an additional 104 shares during the period.

Insider Buying and Selling at Insight Enterprises

In other news, insider Jennifer M. Vasin sold 739 shares of the business’s stock in a transaction dated Monday, August 19th. The stock was sold at an average price of $206.03, for a total transaction of $152,256.17. Following the completion of the transaction, the insider now owns 5,460 shares of the company’s stock, valued at $1,124,923.80. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 1.23% of the company’s stock.

Insight Enterprises Stock Performance

Insight Enterprises stock opened at $204.28 on Thursday. Insight Enterprises, Inc. has a 1-year low of $139.34 and a 1-year high of $228.07. The company has a current ratio of 1.22, a quick ratio of 1.19 and a debt-to-equity ratio of 0.36. The firm has a market capitalization of $6.65 billion, a PE ratio of 25.70, a price-to-earnings-growth ratio of 1.69 and a beta of 1.49. The firm’s 50 day simple moving average is $204.90 and its 200 day simple moving average is $196.25.

Insight Enterprises (NASDAQ:NSIT) last released its quarterly earnings results on Thursday, August 1st. The software maker reported $2.46 earnings per share for the quarter, missing the consensus estimate of $2.82 by ($0.36). Insight Enterprises had a return on equity of 20.38% and a net margin of 3.38%. The firm had revenue of $2.16 billion during the quarter, compared to the consensus estimate of $2.47 billion. During the same period in the previous year, the company posted $2.56 EPS. The company’s revenue for the quarter was down 8.0% compared to the same quarter last year. As a group, analysts expect that Insight Enterprises, Inc. will post 10.68 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several research firms have recently weighed in on NSIT. Barrington Research reiterated an “outperform” rating and issued a $225.00 target price on shares of Insight Enterprises in a research note on Monday, August 5th. Stifel Nicolaus boosted their target price on shares of Insight Enterprises from $192.00 to $200.00 and gave the company a “hold” rating in a report on Wednesday, July 17th. JPMorgan Chase & Co. dropped their target price on Insight Enterprises from $233.00 to $225.00 and set a “neutral” rating on the stock in a research report on Friday, August 2nd. Finally, StockNews.com cut Insight Enterprises from a “buy” rating to a “hold” rating in a research report on Friday, July 5th.

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.