Envestnet Asset Management Inc. Sells 13,090 Shares of Insight Enterprises, Inc. (NASDAQ:NSIT)

Envestnet Asset Management Inc. decreased its stake in shares of Insight Enterprises, Inc. (NASDAQ:NSIT - Free Report) by 39.4% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 20,107 shares of the software maker's stock after selling 13,090 shares during the period. Envestnet Asset Management Inc. owned 0.06% of Insight Enterprises worth $3,058,000 at the end of the most recent reporting period.

A number of other large investors also recently bought and sold shares of the stock. Golden State Wealth Management LLC acquired a new stake in Insight Enterprises during the fourth quarter worth about $32,000. R Squared Ltd acquired a new stake in Insight Enterprises during the 4th quarter valued at approximately $33,000. J.Safra Asset Management Corp increased its stake in shares of Insight Enterprises by 40.8% in the fourth quarter. J.Safra Asset Management Corp now owns 245 shares of the software maker's stock worth $37,000 after buying an additional 71 shares during the last quarter. Smartleaf Asset Management LLC increased its holdings in shares of Insight Enterprises by 287.7% in the 4th quarter. Smartleaf Asset Management LLC now owns 504 shares of the software maker's stock valued at $76,000 after acquiring an additional 374 shares during the last quarter. Finally, Blue Trust Inc. boosted its holdings in Insight Enterprises by 25.8% in the fourth quarter. Blue Trust Inc. now owns 677 shares of the software maker's stock worth $103,000 after purchasing an additional 139 shares during the period.

Insight Enterprises Stock Down 3.4 %

Shares of Insight Enterprises stock traded down $4.74 during midday trading on Thursday, hitting $133.54. The company's stock had a trading volume of 132,761 shares, compared to its average volume of 311,065. The firm has a market capitalization of $4.26 billion, a P/E ratio of 20.48, a PEG ratio of 1.40 and a beta of 1.31. Insight Enterprises, Inc. has a 1-year low of $126.10 and a 1-year high of $228.07. The company has a quick ratio of 1.15, a current ratio of 1.18 and a debt-to-equity ratio of 0.30. The stock has a 50-day simple moving average of $145.37 and a 200-day simple moving average of $161.01.

Insight Enterprises (NASDAQ:NSIT - Get Free Report) last announced its quarterly earnings data on Thursday, May 1st. The software maker reported $2.06 EPS for the quarter, missing analysts' consensus estimates of $2.08 by ($0.02). Insight Enterprises had a net margin of 2.87% and a return on equity of 18.95%. The firm's quarterly revenue was down 11.6% on a year-over-year basis. During the same quarter last year, the business posted $2.37 EPS. As a group, sell-side analysts expect that Insight Enterprises, Inc. will post 9.89 earnings per share for the current year.

Analysts Set New Price Targets

NSIT has been the subject of several recent research reports. Barrington Research lowered their target price on Insight Enterprises from $205.00 to $164.00 and set an "outperform" rating for the company in a report on Friday, April 4th. JPMorgan Chase & Co. lowered their price target on Insight Enterprises from $193.00 to $156.00 and set a "neutral" rating on the stock in a report on Thursday, April 17th. Three research analysts have rated the stock with a hold rating and two have given a buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of "Hold" and a consensus price target of $185.00.

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.