Allspring Global Investments Holdings LLC Sells 2,316 Shares of Insight Enterprises, Inc. (NASDAQ:NSIT)

Allspring Global Investments Holdings LLC lowered its position in Insight Enterprises, Inc. (NASDAQ:NSIT) by 6.4% in the 3rd quarter, HoldingsChannel.com reports. The fund owned 33,792 shares of the software maker’s stock after selling 2,316 shares during the quarter. Allspring Global Investments Holdings LLC’s holdings in Insight Enterprises were worth $7,278,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds also recently bought and sold shares of the company. CANADA LIFE ASSURANCE Co boosted its position in shares of Insight Enterprises by 17.0% in the first quarter. CANADA LIFE ASSURANCE Co now owns 27,251 shares of the software maker’s stock worth $5,050,000 after purchasing an additional 3,956 shares during the period. Harbor Capital Advisors Inc. increased its stake in Insight Enterprises by 288.2% in the 2nd quarter. Harbor Capital Advisors Inc. now owns 14,289 shares of the software maker’s stock worth $2,834,000 after buying an additional 10,608 shares in the last quarter. Silver Lake Advisory LLC bought a new stake in Insight Enterprises during the second quarter valued at about $6,343,000. Point72 DIFC Ltd purchased a new position in shares of Insight Enterprises in the second quarter valued at about $682,000. Finally, Capital International Investors bought a new position in shares of Insight Enterprises in the first quarter worth about $33,765,000.

Insider Activity

In other Insight Enterprises news, insider Jennifer M. Vasin sold 739 shares of Insight Enterprises stock in a transaction 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 transaction, the insider now directly owns 5,460 shares of the company’s stock, valued at approximately $1,124,923.80. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 1.23% of the company’s stock.

Insight Enterprises Stock Down 0.7 %

NASDAQ NSIT opened at $209.14 on Monday. Insight Enterprises, Inc. has a 52 week low of $139.34 and a 52 week high of $228.07. The firm has a market capitalization of $6.81 billion, a price-to-earnings ratio of 26.31, a PEG ratio of 1.69 and a beta of 1.45. The company has a quick ratio of 1.19, a current ratio of 1.22 and a debt-to-equity ratio of 0.36. The company has a fifty day moving average of $212.29 and a two-hundred day moving average of $203.55.

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

Wall Street Analysts Forecast Growth

NSIT has been the topic of several recent analyst reports. JPMorgan Chase & Co. decreased their target price on Insight Enterprises from $233.00 to $225.00 and set a “neutral” rating on the stock in a research note on Friday, August 2nd. Barrington Research reiterated an “outperform” rating and set a $225.00 price objective on shares of Insight Enterprises in a research report on Friday, September 20th. Stifel Nicolaus upped their target price on shares of Insight Enterprises from $192.00 to $200.00 and gave the stock a “hold” rating in a research report on Wednesday, July 17th. Finally, StockNews.com cut shares of Insight Enterprises from a “buy” rating to a “hold” rating in a research note on Friday, July 5th.

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.