Insight Enterprises, Inc. (NASDAQ:NSIT) Holdings Cut by LSV Asset Management

LSV Asset Management lowered its holdings in Insight Enterprises, Inc. (NASDAQ:NSITFree Report) by 2.3% during the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 178,580 shares of the software maker’s stock after selling 4,200 shares during the period. LSV Asset Management owned about 0.50% of Insight Enterprises worth $25,983,000 at the end of the most recent quarter.

A number of other large investors have also recently bought and sold shares of the business. Envestnet Asset Management Inc. raised its holdings in shares of Insight Enterprises by 3,760.3% during the first quarter. Envestnet Asset Management Inc. now owns 945,618 shares of the software maker’s stock valued at $2,757,000 after buying an additional 921,122 shares during the last quarter. Capital Research Global Investors increased its stake in shares of Insight Enterprises by 173.7% during the first quarter. Capital Research Global Investors now owns 752,800 shares of the software maker’s stock valued at $80,790,000 after acquiring an additional 477,800 shares during the period. Morgan Stanley increased its stake in shares of Insight Enterprises by 141.7% during the fourth quarter. Morgan Stanley now owns 811,951 shares of the software maker’s stock valued at $81,414,000 after acquiring an additional 476,084 shares during the period. Goldman Sachs Group Inc. increased its stake in shares of Insight Enterprises by 379.8% during the first quarter. Goldman Sachs Group Inc. now owns 409,417 shares of the software maker’s stock valued at $43,939,000 after acquiring an additional 324,079 shares during the period. Finally, Norges Bank acquired a new position in Insight Enterprises in the fourth quarter worth approximately $30,493,000.

Wall Street Analyst Weigh In

NSIT has been the topic of several research analyst reports. Barrington Research lifted their price objective on shares of Insight Enterprises from $168.00 to $184.00 and gave the stock an “outperform” rating in a research report on Monday, December 4th. StockNews.com lowered shares of Insight Enterprises from a “buy” rating to a “hold” rating in a research note on Friday.

Get Our Latest Report on Insight Enterprises

Insight Enterprises Stock Performance

Insight Enterprises stock traded up $1.08 on Friday, reaching $184.79. 165,078 shares of the stock were exchanged, compared to its average volume of 195,639. The firm has a fifty day moving average price of $172.74 and a two-hundred day moving average price of $156.57. Insight Enterprises, Inc. has a twelve month low of $110.08 and a twelve month high of $194.17. The company has a current ratio of 1.36, a quick ratio of 1.29 and a debt-to-equity ratio of 0.20. The stock has a market cap of $6.02 billion, a PE ratio of 25.30, a PEG ratio of 1.26 and a beta of 1.55.

Insight Enterprises (NASDAQ:NSITGet Free Report) last posted its earnings results on Thursday, November 2nd. The software maker reported $2.37 earnings per share for the quarter, beating analysts’ consensus estimates of $2.33 by $0.04. The business had revenue of $2.27 billion for the quarter, compared to analysts’ expectations of $2.35 billion. Insight Enterprises had a net margin of 2.84% and a return on equity of 20.02%. Sell-side analysts anticipate that Insight Enterprises, Inc. will post 9.76 EPS for the current year.

About Insight Enterprises

(Free Report)

Insight Enterprises, Inc, together with its subsidiaries, provides information technology (IT) hardware, software services and solutions in the United States and internationally. The company's solution portfolio includes cloud enablement, data and AI, digital strategy, intelligent applications and edge, and IoT solutions, as well as digital transformation services.

See Also

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

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