Insight Enterprises, Inc. (NASDAQ:NSIT) Shares Sold by Ameriprise Financial Inc.

Ameriprise Financial Inc. cut its stake in shares of Insight Enterprises, Inc. (NASDAQ:NSIT - Free Report) by 9.4% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 74,459 shares of the software maker's stock after selling 7,696 shares during the quarter. Ameriprise Financial Inc. owned approximately 0.23% of Insight Enterprises worth $11,325,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. Massachusetts Financial Services Co. MA bought a new position in shares of Insight Enterprises during the fourth quarter valued at approximately $57,380,000. Norges Bank acquired a new position in Insight Enterprises during the 4th quarter valued at about $47,585,000. Pacer Advisors Inc. raised its position in shares of Insight Enterprises by 26.6% in the 4th 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 during the last quarter. Wellington Management Group LLP raised its holdings in shares of Insight Enterprises by 65.7% in the fourth quarter. Wellington Management Group LLP now owns 270,797 shares of the software maker's stock worth $41,188,000 after buying an additional 107,397 shares during the last quarter. Finally, Marshall Wace LLP acquired a new stake in Insight Enterprises during the 4th quarter worth about $15,220,000.

Analysts Set New Price Targets

Several analysts have commented on NSIT shares. Barrington Research restated an "outperform" rating and set a $164.00 price objective on shares of Insight Enterprises in a research note on Tuesday. JPMorgan Chase & Co. decreased their target price on 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 analysts have rated the stock with a hold rating and two have issued a buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of "Hold" and an average target price of $185.00.

Insight Enterprises Price Performance

Shares of Insight Enterprises stock traded down $0.12 during trading hours on Thursday, reaching $133.32. 341,850 shares of the company's stock were exchanged, compared to its average volume of 323,024. The company has a market capitalization of $4.26 billion, a P/E ratio of 20.45, a price-to-earnings-growth ratio of 1.40 and a beta of 1.22. The company has a quick ratio of 1.15, a current ratio of 1.18 and a debt-to-equity ratio of 0.30. Insight Enterprises, Inc. has a 1 year low of $126.10 and a 1 year high of $228.07. The business has a fifty day moving average of $139.71 and a two-hundred day moving average of $153.28.

Insight Enterprises (NASDAQ:NSIT - Get Free Report) last issued its earnings results on Thursday, May 1st. The software maker reported $2.06 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $2.03 by $0.03. The business had revenue of $2.10 billion during the quarter, compared to the consensus estimate of $2.19 billion. Insight Enterprises had a return on equity of 18.95% and a net margin of 2.87%. The company's revenue for the quarter was down 11.6% on a year-over-year basis. During the same period last year, the company earned $2.37 EPS. As a group, research analysts predict that Insight Enterprises, Inc. will post 9.89 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.