Capital World Investors Has $354.62 Million Stake in Insight Enterprises, Inc. (NASDAQ:NSIT)

Capital World Investors lessened its position in Insight Enterprises, Inc. (NASDAQ:NSIT - Free Report) by 13.6% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 2,331,464 shares of the software maker's stock after selling 367,950 shares during the period. Capital World Investors owned approximately 7.34% of Insight Enterprises worth $354,616,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Massachusetts Financial Services Co. MA acquired a new position in shares of Insight Enterprises in the 4th quarter valued at $57,380,000. Norges Bank purchased a new position in shares of Insight Enterprises in the fourth quarter worth approximately $47,585,000. Hennessy Advisors Inc. acquired a new stake in shares of Insight Enterprises during the fourth quarter valued at approximately $39,242,000. Pacer Advisors Inc. lifted its holdings in shares of Insight Enterprises by 26.6% in the fourth quarter. Pacer Advisors Inc. now owns 1,073,262 shares of the software maker's stock valued at $163,243,000 after purchasing an additional 225,283 shares in the last quarter. Finally, Wellington Management Group LLP boosted its position in Insight Enterprises by 65.7% during the 4th quarter. Wellington Management Group LLP now owns 270,797 shares of the software maker's stock worth $41,188,000 after acquiring an additional 107,397 shares during the period.

Insight Enterprises Stock Up 0.7 %

NSIT stock traded up $1.03 during trading hours on Friday, reaching $138.61. 155,097 shares of the stock were exchanged, compared to its average volume of 311,213. The company has a debt-to-equity ratio of 0.30, a current ratio of 1.18 and a quick ratio of 1.15. The company has a market cap of $4.40 billion, a price-to-earnings ratio of 21.26, a PEG ratio of 1.40 and a beta of 1.31. The firm's 50-day moving average is $146.93 and its 200-day moving average is $162.67. Insight Enterprises, Inc. has a 12 month low of $126.10 and a 12 month high of $228.07.

Insight Enterprises (NASDAQ:NSIT - Get Free Report) last announced its quarterly earnings data on Thursday, February 6th. The software maker reported $2.66 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $2.53 by $0.13. Insight Enterprises had a return on equity of 18.95% and a net margin of 2.87%. During the same quarter in the previous year, the company posted $2.98 EPS. On average, equities research analysts expect that Insight Enterprises, Inc. will post 9.89 earnings per share for the current year.

Analyst Ratings Changes

Several equities analysts have recently commented on NSIT shares. Barrington Research lowered their price target on shares of Insight Enterprises from $205.00 to $164.00 and set an "outperform" rating on the stock in a report on Friday, April 4th. JPMorgan Chase & Co. dropped their target price on shares of Insight Enterprises from $193.00 to $156.00 and set a "neutral" rating on the stock in a research report on Thursday, April 17th. Three research analysts have rated the stock with a hold rating and two have issued a buy rating to the company. According to MarketBeat, the stock presently has an average rating of "Hold" and an average price target of $185.00.

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.