Teacher Retirement System of Texas Lowers Holdings in Insight Enterprises, Inc. (NASDAQ:NSIT)

Teacher Retirement System of Texas trimmed its holdings in Insight Enterprises, Inc. (NASDAQ:NSITFree Report) by 9.8% during the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 8,697 shares of the software maker’s stock after selling 945 shares during the quarter. Teacher Retirement System of Texas’ holdings in Insight Enterprises were worth $1,304,000 at the end of the most recent reporting period.

Several other hedge funds also recently added to or reduced their stakes in NSIT. Opal Wealth Advisors LLC purchased a new stake in Insight Enterprises in the first quarter valued at $27,000. Bessemer Group Inc. boosted its holdings in Insight Enterprises by 79.2% in the first quarter. Bessemer Group Inc. now owns 190 shares of the software maker’s stock valued at $29,000 after purchasing an additional 84 shares during the last quarter. NewEdge Advisors LLC boosted its holdings 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 purchasing an additional 63 shares during the last quarter. Parallel Advisors LLC boosted its holdings in Insight Enterprises by 40.4% in the first quarter. Parallel Advisors LLC now owns 330 shares of the software maker’s stock valued at $49,000 after purchasing an additional 95 shares during the last quarter. Finally, Golden State Wealth Management LLC boosted its holdings in Insight Enterprises by 100.5% in the first 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 during the last quarter.

Wall Street Analysts Forecast Growth

NSIT has been the topic of several recent analyst reports. Barrington Research reissued an “outperform” rating and set a $164.00 target price on shares of Insight Enterprises in a research note on Tuesday, May 20th. JPMorgan Chase & Co. lowered their target price on shares of Insight Enterprises from $193.00 to $156.00 and set a “neutral” rating on the stock in a research note on Thursday, April 17th.

View Our Latest Stock Analysis on NSIT

Insight Enterprises Trading Down 2.8%

NSIT stock opened at $139.99 on Friday. The company’s 50-day simple moving average is $135.59 and its 200-day simple moving average is $147.31. 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, Inc. has a 52-week low of $126.10 and a 52-week high of $228.07. The firm has a market cap of $4.47 billion, a P/E ratio of 28.00, a PEG ratio of 1.30 and a beta of 1.20.

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

Insight Enterprises Profile

(Free Report)

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.

See Also

Want to see what other hedge funds are holding NSIT? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Insight Enterprises, Inc. (NASDAQ:NSITFree Report).

Institutional Ownership by Quarter for Insight Enterprises (NASDAQ:NSIT)

Receive News & Ratings for Insight Enterprises Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Insight Enterprises and related companies with MarketBeat.com's FREE daily email newsletter.