GAMMA Investing LLC Sells 375 Shares of Insight Enterprises, Inc. (NASDAQ:NSIT)

GAMMA Investing LLC lowered its stake in shares of Insight Enterprises, Inc. (NASDAQ:NSIT) by 48.1% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 405 shares of the software maker’s stock after selling 375 shares during the period. GAMMA Investing LLC’s holdings in Insight Enterprises were worth $62,000 at the end of the most recent quarter.

Several other large investors also recently made changes to their positions in the stock. Charles Schwab Investment Management Inc. increased its holdings in Insight Enterprises by 30.1% during the third quarter. Charles Schwab Investment Management Inc. now owns 368,951 shares of the software maker’s stock worth $79,468,000 after buying an additional 85,428 shares during the last quarter. Renaissance Technologies LLC acquired a new position in shares of Insight Enterprises in the second quarter valued at approximately $9,199,000. Barclays PLC increased its stake in shares of Insight Enterprises by 178.3% during the third quarter. Barclays PLC now owns 56,402 shares of the software maker’s stock worth $12,150,000 after purchasing an additional 36,132 shares during the period. Silver Lake Advisory LLC bought a new stake in shares of Insight Enterprises in the second quarter valued at about $6,343,000. Finally, AXA S.A. bought a new stake in Insight Enterprises in the 2nd quarter valued at about $5,365,000.

Analyst Ratings Changes

Several research analysts have recently commented on NSIT shares. Redburn Atlantic assumed coverage on shares of Insight Enterprises in a report on Friday, November 15th. They set a “buy” rating and a $220.00 target price on the stock. Barrington Research decreased their price target on Insight Enterprises from $225.00 to $205.00 and set an “outperform” rating on the stock in a research note on Monday, November 4th. Three research analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $212.50.

Insight Enterprises Price Performance

Shares of NSIT opened at $157.51 on Monday. The business has a 50-day simple moving average of $157.54 and a two-hundred day simple moving average of $189.97. The stock has a market cap of $5.00 billion, a PE ratio of 19.81, a PEG ratio of 1.39 and a beta of 1.42. Insight Enterprises, Inc. has a 12-month low of $146.56 and a 12-month high of $228.07. The company has a quick ratio of 1.20, a current ratio of 1.24 and a debt-to-equity ratio of 0.43.

Insight Enterprises (NASDAQ:NSIT) last issued its quarterly earnings results on Thursday, October 31st. The software maker reported $2.19 EPS for the quarter, missing analysts’ consensus estimates of $2.37 by ($0.18). Insight Enterprises had a return on equity of 19.71% and a net margin of 3.42%. The business had revenue of $2.09 billion for the quarter, compared to analyst estimates of $2.34 billion. During the same quarter last year, the firm posted $2.37 EPS. Insight Enterprises’s revenue for the quarter was down 7.9% on a year-over-year basis. Analysts anticipate that Insight Enterprises, Inc. will post 9.55 earnings per share for the current fiscal year.

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.