Insight Enterprises, Inc. (NASDAQ:NSIT) Shares Sold by Invesco Ltd.

Invesco Ltd. reduced its stake in shares of Insight Enterprises, Inc. (NASDAQ:NSIT) by 8.2% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 308,544 shares of the software maker’s stock after selling 27,669 shares during the period. Invesco Ltd.’s holdings in Insight Enterprises were worth $46,930,000 as of its most recent SEC filing.

A number of other large investors have also made changes to their positions in NSIT. Pacer Advisors Inc. boosted its stake in Insight Enterprises by 26.6% during the fourth quarter. Pacer Advisors Inc. now owns 1,073,262 shares of the software maker’s stock worth $163,243,000 after buying an additional 225,283 shares during the last quarter. Geode Capital Management LLC boosted its position in shares of Insight Enterprises by 1.7% during the 3rd quarter. Geode Capital Management LLC now owns 659,483 shares of the software maker’s stock valued at $142,073,000 after acquiring an additional 10,711 shares during the last quarter. Massachusetts Financial Services Co. MA purchased a new stake in shares of Insight Enterprises in the fourth quarter valued at about $57,380,000. Norges Bank acquired a new stake in Insight Enterprises during the fourth quarter worth about $47,585,000. Finally, Wellington Management Group LLP raised its stake in Insight Enterprises by 65.7% during the fourth quarter. Wellington Management Group LLP now owns 270,797 shares of the software maker’s stock worth $41,188,000 after purchasing an additional 107,397 shares during the period.

Insight Enterprises Stock Down 2.0 %

Shares of NSIT opened at $133.29 on Wednesday. The company has a current ratio of 1.18, a quick ratio of 1.15 and a debt-to-equity ratio of 0.30. The firm has a market cap of $4.24 billion, a P/E ratio of 20.44, a price-to-earnings-growth ratio of 1.40 and a beta of 1.31. The company’s 50-day moving average price is $152.16 and its 200 day moving average price is $166.86. Insight Enterprises, Inc. has a 12-month low of $126.10 and a 12-month high of $228.07.

Insight Enterprises (NASDAQ:NSIT) last issued its quarterly earnings data on Thursday, February 6th. The software maker reported $2.66 EPS for the quarter, topping the consensus estimate of $2.53 by $0.13. Insight Enterprises had a net margin of 2.87% and a return on equity of 18.95%. During the same period last year, the company posted $2.98 EPS. On average, sell-side analysts forecast that Insight Enterprises, Inc. will post 9.89 earnings per share for the current year.

Analyst Ratings Changes

Separately, Barrington Research cut their price target on shares of Insight Enterprises from $205.00 to $164.00 and set an “outperform” rating for the company in a report on Friday, April 4th. Three research analysts have rated the stock with a hold rating and two have issued a buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $202.25.

Insight Enterprises 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.