Assenagon Asset Management S.A. Sells 10,466 Shares of Insight Enterprises, Inc. (NASDAQ:NSIT)

Assenagon Asset Management S.A. cut its holdings in shares of Insight Enterprises, Inc. (NASDAQ:NSIT - Free Report) by 74.2% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 3,636 shares of the software maker's stock after selling 10,466 shares during the period. Assenagon Asset Management S.A.'s holdings in Insight Enterprises were worth $545,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also made changes to their positions in the business. Dimensional Fund Advisors LP boosted its position in shares of Insight Enterprises by 0.4% during the fourth quarter. Dimensional Fund Advisors LP now owns 821,409 shares of the software maker's stock worth $124,934,000 after buying an additional 2,944 shares during the period. Northern Trust Corp lifted its position in Insight Enterprises by 16.5% in the fourth quarter. Northern Trust Corp now owns 446,526 shares of the software maker's stock worth $67,917,000 after purchasing an additional 63,200 shares during the period. Massachusetts Financial Services Co. MA acquired a new stake in Insight Enterprises in the fourth quarter worth approximately $57,380,000. Norges Bank acquired a new stake in Insight Enterprises in the fourth quarter worth approximately $47,585,000. Finally, Wellington Management Group LLP lifted its position in 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 purchasing an additional 107,397 shares during the period.

Insight Enterprises Stock Up 1.4%

NASDAQ:NSIT traded up $1.80 during trading hours on Monday, hitting $133.37. 159,364 shares of the stock traded hands, compared to its average volume of 327,998. The firm has a 50 day moving average price of $134.04 and a 200 day moving average price of $148.93. The company has a current ratio of 1.23, a quick ratio of 1.19 and a debt-to-equity ratio of 0.60. Insight Enterprises, Inc. has a fifty-two week low of $126.10 and a fifty-two week high of $228.07. The firm has a market cap of $4.26 billion, a price-to-earnings ratio of 26.67, a PEG ratio of 1.22 and a beta of 1.20.

Insight Enterprises (NASDAQ:NSIT - Get Free Report) last announced its earnings results on Thursday, May 1st. The software maker reported $2.06 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.03 by $0.03. Insight Enterprises had a net margin of 2.26% and a return on equity of 18.50%. The company had revenue of $2.10 billion for the quarter, compared to the consensus estimate of $2.19 billion. During the same period in the previous year, the business earned $2.37 EPS. The company's revenue was down 11.6% on a year-over-year basis. Equities research analysts anticipate that Insight Enterprises, Inc. will post 9.89 earnings per share for the current year.

Analysts Set New Price Targets

A number of research firms have weighed in on NSIT. JPMorgan Chase & Co. cut their target price on Insight Enterprises from $193.00 to $156.00 and set a "neutral" rating for the company in a research report on Thursday, April 17th. Barrington Research reaffirmed an "outperform" rating and issued a $164.00 price target on shares of Insight Enterprises in a report on Tuesday, May 20th. Three research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company's stock. According to MarketBeat.com, Insight Enterprises has a consensus rating of "Hold" and an average price target of $185.00.

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.