Insight Enterprises, Inc. (NASDAQ:NSIT) Shares Sold by Teacher Retirement System of Texas

Teacher Retirement System of Texas trimmed its position in shares of Insight Enterprises, Inc. (NASDAQ:NSIT) by 9.8% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 8,697 shares of the software maker’s stock after selling 945 shares during the period. Teacher Retirement System of Texas’ holdings in Insight Enterprises were worth $1,304,000 at the end of the most recent reporting period.

Other large investors have also added to or reduced their stakes in the company. Opal Wealth Advisors LLC acquired a new stake in Insight Enterprises during the 1st quarter valued at $27,000. Bessemer Group Inc. grew its holdings in Insight Enterprises by 79.2% during the 1st quarter. Bessemer Group Inc. now owns 190 shares of the software maker’s stock valued at $29,000 after purchasing an additional 84 shares in the last quarter. NewEdge Advisors LLC grew its holdings in Insight Enterprises by 32.8% during the 4th quarter. NewEdge Advisors LLC now owns 255 shares of the software maker’s stock valued at $39,000 after purchasing an additional 63 shares in the last quarter. Parallel Advisors LLC grew its holdings in Insight Enterprises by 40.4% during the 1st quarter. Parallel Advisors LLC now owns 330 shares of the software maker’s stock valued at $49,000 after purchasing an additional 95 shares in the last quarter. Finally, Golden State Wealth Management LLC grew its holdings in Insight Enterprises by 100.5% during the 1st quarter. Golden State Wealth Management LLC now owns 419 shares of the software maker’s stock valued at $63,000 after purchasing an additional 210 shares in the last quarter.

Insight Enterprises Trading Down 2.8%

NASDAQ NSIT opened at $139.99 on Friday. Insight Enterprises, Inc. has a 12 month low of $126.10 and a 12 month high of $228.07. The company has a debt-to-equity ratio of 0.60, a current ratio of 1.23 and a quick ratio of 1.19. The company has a market capitalization of $4.47 billion, a price-to-earnings ratio of 28.00, a price-to-earnings-growth ratio of 1.30 and a beta of 1.20. The company’s fifty day moving average price is $135.59 and its two-hundred day moving average price is $147.31.

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

Analysts Set New Price Targets

A number of equities research analysts recently weighed in on NSIT shares. 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. Barrington Research reiterated an “outperform” rating and set a $164.00 price objective on shares of Insight Enterprises in a research note on Tuesday, May 20th.

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.