Assenagon Asset Management S.A. cut its stake in Insight Enterprises, Inc. (NASDAQ:NSIT – Free Report) by 36.1% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 14,102 shares of the software maker’s stock after selling 7,963 shares during the period. Assenagon Asset Management S.A.’s holdings in Insight Enterprises were worth $2,145,000 at the end of the most recent quarter.
A number of other institutional investors and hedge funds have also added to or reduced their stakes in NSIT. Geode Capital Management LLC boosted its stake in shares of Insight Enterprises by 1.7% in the 3rd quarter. Geode Capital Management LLC now owns 659,483 shares of the software maker’s stock valued at $142,073,000 after purchasing an additional 10,711 shares during the last quarter. Charles Schwab Investment Management Inc. boosted its position in Insight Enterprises by 30.1% during the third quarter. Charles Schwab Investment Management Inc. now owns 368,951 shares of the software maker’s stock valued at $79,468,000 after acquiring an additional 85,428 shares during the last quarter. Thrivent Financial for Lutherans grew its holdings in Insight Enterprises by 0.4% during the 3rd quarter. Thrivent Financial for Lutherans now owns 192,551 shares of the software maker’s stock worth $41,474,000 after acquiring an additional 709 shares during the period. Wellington Management Group LLP raised its position in shares of Insight Enterprises by 14.6% in the 3rd quarter. Wellington Management Group LLP now owns 163,400 shares of the software maker’s stock worth $35,195,000 after acquiring an additional 20,851 shares in the last quarter. Finally, Rockefeller Capital Management L.P. lifted its stake in shares of Insight Enterprises by 6.9% in the 3rd quarter. Rockefeller Capital Management L.P. now owns 62,927 shares of the software maker’s stock valued at $13,554,000 after purchasing an additional 4,055 shares during the period.
Insight Enterprises Stock Up 0.3 %
Shares of NASDAQ:NSIT opened at $172.72 on Thursday. The company has a debt-to-equity ratio of 0.43, a quick ratio of 1.20 and a current ratio of 1.24. Insight Enterprises, Inc. has a 52-week low of $146.56 and a 52-week high of $228.07. The business’s 50 day simple moving average is $157.25 and its two-hundred day simple moving average is $188.16. The firm has a market cap of $5.49 billion, a P/E ratio of 21.73, a PEG ratio of 1.32 and a beta of 1.42.
Wall Street Analysts Forecast Growth
Several equities research analysts recently commented on NSIT shares. Redburn Atlantic assumed coverage on Insight Enterprises in a research note on Friday, November 15th. They set a “buy” rating and a $220.00 target price for the company. Barrington Research lowered their price objective on shares of Insight Enterprises from $225.00 to $205.00 and set an “outperform” rating for the company in a research note on Monday, November 4th. Three research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. Based on data from MarketBeat, Insight Enterprises has an average rating of “Hold” and an average price target of $212.50.
Get Our Latest Report on Insight Enterprises
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.
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