New York State Teachers Retirement System Sells 2,902 Shares of Insight Enterprises, Inc. (NASDAQ:NSIT)

New York State Teachers Retirement System cut its holdings in shares of Insight Enterprises, Inc. (NASDAQ:NSIT) by 9.4% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 28,058 shares of the software maker’s stock after selling 2,902 shares during the period. New York State Teachers Retirement System owned about 0.09% of Insight Enterprises worth $4,208,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in NSIT. Smartleaf Asset Management LLC increased its holdings in shares of Insight Enterprises by 287.7% during the fourth quarter. Smartleaf Asset Management LLC now owns 504 shares of the software maker’s stock worth $76,000 after buying an additional 374 shares in the last quarter. Assetmark Inc. increased its holdings in shares of Insight Enterprises by 27.7% during the fourth quarter. Assetmark Inc. now owns 18,144 shares of the software maker’s stock worth $2,760,000 after buying an additional 3,940 shares in the last quarter. Raymond James Financial Inc. acquired a new position in shares of Insight Enterprises during the fourth quarter worth $532,000. Bank Julius Baer & Co. Ltd Zurich acquired a new position in shares of Insight Enterprises during the fourth quarter worth $117,000. Finally, Amundi increased its holdings in shares of Insight Enterprises by 183.3% during the fourth quarter. Amundi now owns 14,176 shares of the software maker’s stock worth $2,233,000 after buying an additional 9,172 shares in the last quarter.

Insight Enterprises Stock Performance

NASDAQ NSIT opened at $143.86 on Monday. The company has a market capitalization of $4.59 billion, a price-to-earnings ratio of 28.77, a PEG ratio of 1.33 and a beta of 1.20. Insight Enterprises, Inc. has a twelve month low of $126.10 and a twelve month high of $228.07. The stock has a fifty day simple moving average of $134.93 and a 200 day simple moving average of $147.65. The company has a quick ratio of 1.19, a current ratio of 1.23 and a debt-to-equity ratio of 0.60.

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

Wall Street Analyst Weigh In

Several brokerages have recently issued reports on NSIT. Barrington Research reiterated an “outperform” rating and set a $164.00 price target on shares of Insight Enterprises in a report on Tuesday, May 20th. JPMorgan Chase & Co. lowered their price target on shares of Insight Enterprises from $193.00 to $156.00 and set a “neutral” rating for the company in a report on Thursday, April 17th.

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.