Insight Enterprises, Inc. (NASDAQ:NSIT) Stock Position Decreased by Ensign Peak Advisors Inc

Ensign Peak Advisors Inc lowered its holdings in Insight Enterprises, Inc. (NASDAQ:NSIT) by 3.5% during the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 9,943 shares of the software maker’s stock after selling 360 shares during the period. Ensign Peak Advisors Inc’s holdings in Insight Enterprises were worth $1,972,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the stock. Capital World Investors boosted its position in Insight Enterprises by 27.8% during the 1st quarter. Capital World Investors now owns 2,149,092 shares of the software maker’s stock valued at $398,700,000 after purchasing an additional 467,088 shares during the period. Capital Research Global Investors increased its holdings in shares of Insight Enterprises by 54.9% in the 1st quarter. Capital Research Global Investors now owns 907,709 shares of the software maker’s stock worth $168,398,000 after acquiring an additional 321,780 shares during the period. Capital International Investors bought a new stake in Insight Enterprises in the 1st quarter valued at about $33,765,000. Westfield Capital Management Co. LP boosted its stake in Insight Enterprises by 28.0% during the 1st quarter. Westfield Capital Management Co. LP now owns 405,407 shares of the software maker’s stock valued at $75,211,000 after purchasing an additional 88,641 shares during the period. Finally, F M Investments LLC bought a new position in Insight Enterprises in the 2nd quarter worth about $17,258,000.

Insider Activity

In related news, insider Jennifer M. Vasin sold 739 shares of the business’s stock in a transaction that occurred on Monday, August 19th. The shares were sold at an average price of $206.03, for a total value of $152,256.17. Following the sale, the insider now directly owns 5,460 shares in the company, valued at approximately $1,124,923.80. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 1.23% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on NSIT shares. JPMorgan Chase & Co. reduced their price objective on Insight Enterprises from $233.00 to $225.00 and set a “neutral” rating for the company in a research report on Friday, August 2nd. Stifel Nicolaus increased their price target on Insight Enterprises from $192.00 to $200.00 and gave the stock a “hold” rating in a research note on Wednesday, July 17th. StockNews.com cut shares of Insight Enterprises from a “buy” rating to a “hold” rating in a research note on Friday, July 5th. Finally, Barrington Research reiterated an “outperform” rating and issued a $225.00 target price on shares of Insight Enterprises in a research report on Friday, September 20th.

Insight Enterprises Stock Performance

Shares of NASDAQ NSIT opened at $213.06 on Friday. Insight Enterprises, Inc. has a 1 year low of $139.34 and a 1 year high of $228.07. The firm has a market cap of $6.94 billion, a P/E ratio of 26.80, a PEG ratio of 1.65 and a beta of 1.46. The stock has a fifty day moving average price of $206.29 and a two-hundred day moving average price of $198.79. The company has a debt-to-equity ratio of 0.36, a quick ratio of 1.19 and a current ratio of 1.22.

Insight Enterprises (NASDAQ:NSIT) last announced its earnings results on Thursday, August 1st. The software maker reported $2.46 earnings per share for the quarter, missing the consensus estimate of $2.82 by ($0.36). The firm had revenue of $2.16 billion for the quarter, compared to the consensus estimate of $2.47 billion. Insight Enterprises had a net margin of 3.38% and a return on equity of 20.38%. The company’s quarterly revenue was down 8.0% compared to the same quarter last year. During the same period in the prior year, the business earned $2.56 EPS. Research analysts forecast that Insight Enterprises, Inc. will post 10.68 EPS for the current fiscal year.

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.