Assenagon Asset Management S.A. Has $545,000 Holdings in Insight Enterprises, Inc. (NASDAQ:NSIT)

Assenagon Asset Management S.A. cut its holdings in Insight Enterprises, Inc. (NASDAQ:NSIT) by 74.2% during the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 3,636 shares of the software maker’s stock after selling 10,466 shares during the period. Assenagon Asset Management S.A.’s holdings in Insight Enterprises were worth $545,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Alberta Investment Management Corp acquired a new stake in shares of Insight Enterprises in the fourth quarter valued at approximately $2,494,000. Raymond James Financial Inc. acquired a new stake in shares of Insight Enterprises in the fourth quarter valued at approximately $532,000. Principal Financial Group Inc. raised its holdings in shares of Insight Enterprises by 1.2% in the fourth quarter. Principal Financial Group Inc. now owns 143,544 shares of the software maker’s stock valued at $21,833,000 after purchasing an additional 1,653 shares during the last quarter. Rhumbline Advisers raised its holdings in shares of Insight Enterprises by 2.4% in the fourth quarter. Rhumbline Advisers now owns 82,198 shares of the software maker’s stock valued at $12,502,000 after purchasing an additional 1,925 shares during the last quarter. Finally, New York Life Investment Management LLC acquired a new stake in shares of Insight Enterprises in the fourth quarter valued at approximately $449,000.

Insight Enterprises Price Performance

NASDAQ:NSIT opened at $134.19 on Friday. Insight Enterprises, Inc. has a 1-year low of $126.10 and a 1-year high of $228.07. The company has a current ratio of 1.23, a quick ratio of 1.19 and a debt-to-equity ratio of 0.60. The firm has a fifty day simple moving average of $134.15 and a 200 day simple moving average of $149.49. The stock has a market capitalization of $4.28 billion, a PE ratio of 26.84, a P/E/G ratio of 1.24 and a beta of 1.20.

Insight Enterprises (NASDAQ:NSIT) last released its earnings results on Thursday, May 1st. The software maker reported $2.06 earnings per share for the quarter, beating the consensus estimate of $2.03 by $0.03. Insight Enterprises had a net margin of 2.26% and a return on equity of 18.50%. The business had revenue of $2.10 billion during the quarter, compared to analysts’ expectations of $2.19 billion. During the same period last year, the business earned $2.37 earnings per share. The firm’s revenue was down 11.6% on a year-over-year basis. On average, research analysts expect that Insight Enterprises, Inc. will post 9.89 EPS for the current fiscal year.

Analyst Ratings Changes

Several equities analysts recently weighed in on the stock. JPMorgan Chase & Co. decreased their target price on shares of Insight Enterprises from $193.00 to $156.00 and set a “neutral” rating for the company in a research note on Thursday, April 17th. Barrington Research reissued an “outperform” rating and issued a $164.00 target price on shares of Insight Enterprises in a research note on Tuesday, May 20th. Three investment analysts have rated the stock with a hold rating and two have given a buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $185.00.

About Insight Enterprises

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.