Insight Enterprises, Inc. (NASDAQ:NSIT) Shares Sold by Nuveen Asset Management LLC

Nuveen Asset Management LLC lowered its stake in Insight Enterprises, Inc. (NASDAQ:NSIT) by 17.7% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 92,522 shares of the software maker’s stock after selling 19,843 shares during the quarter. Nuveen Asset Management LLC owned about 0.29% of Insight Enterprises worth $14,073,000 at the end of the most recent quarter.

Other large investors also recently bought and sold shares of the company. Golden State Wealth Management LLC acquired a new position in Insight Enterprises in the fourth quarter valued at about $32,000. R Squared Ltd acquired a new position in Insight Enterprises in the fourth quarter valued at about $33,000. J.Safra Asset Management Corp lifted its position in Insight Enterprises by 40.8% in the fourth quarter. J.Safra Asset Management Corp now owns 245 shares of the software maker’s stock valued at $37,000 after buying an additional 71 shares during the last quarter. NewEdge Advisors LLC lifted its position in Insight Enterprises by 32.8% in the fourth quarter. NewEdge Advisors LLC now owns 255 shares of the software maker’s stock valued at $39,000 after buying an additional 63 shares during the last quarter. Finally, Smartleaf Asset Management LLC lifted its position in Insight Enterprises by 287.7% in the fourth quarter. Smartleaf Asset Management LLC now owns 504 shares of the software maker’s stock valued at $76,000 after buying an additional 374 shares during the last quarter.

Insight Enterprises Stock Down 0.9%

Shares of NSIT opened at $132.08 on Monday. The stock has a market capitalization of $4.22 billion, a PE ratio of 20.26, a P/E/G ratio of 1.40 and a beta of 1.22. Insight Enterprises, Inc. has a 1 year low of $126.10 and a 1 year high of $228.07. The company has a debt-to-equity ratio of 0.30, a quick ratio of 1.15 and a current ratio of 1.18. The company’s 50-day simple moving average is $138.81 and its 200-day simple moving average is $152.47.

Insight Enterprises (NASDAQ:NSIT) last issued its quarterly earnings results on Thursday, May 1st. The software maker reported $2.06 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.03 by $0.03. The business had revenue of $2.10 billion for the quarter, compared to analysts’ expectations of $2.19 billion. Insight Enterprises had a net margin of 2.87% and a return on equity of 18.95%. The business’s quarterly revenue was down 11.6% on a year-over-year basis. During the same quarter in the prior year, the company earned $2.37 earnings per share. Analysts forecast that Insight Enterprises, Inc. will post 9.89 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of research analysts have commented on NSIT shares. Barrington Research reaffirmed an “outperform” rating and issued a $164.00 target price on shares of Insight Enterprises in a research report on Tuesday, May 20th. JPMorgan Chase & Co. reduced their price target on shares of Insight Enterprises from $193.00 to $156.00 and set a “neutral” rating on the stock in a research report on Thursday, April 17th. Three equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company. According to MarketBeat, Insight Enterprises presently has a consensus rating of “Hold” and an average price target of $185.00.

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.