Assenagon Asset Management S.A. Reduces Holdings in Insight Enterprises, Inc. (NASDAQ:NSIT)

Assenagon Asset Management S.A. reduced its stake in shares of Insight Enterprises, Inc. (NASDAQ:NSIT - Free Report) by 74.2% in the first quarter, according to 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 quarter. Assenagon Asset Management S.A.'s holdings in Insight Enterprises were worth $545,000 at the end of the most recent quarter.

A number of other large investors have also recently made changes to their positions in the stock. NewEdge Advisors LLC raised its holdings in shares of Insight Enterprises by 32.8% in the fourth quarter. NewEdge Advisors LLC now owns 255 shares of the software maker's stock valued at $39,000 after acquiring an additional 63 shares in the last quarter. J.Safra Asset Management Corp raised its holdings 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 valued at $37,000 after acquiring an additional 71 shares in the last quarter. Cornerstone Investment Partners LLC raised its holdings in shares of Insight Enterprises by 5.8% in the fourth quarter. Cornerstone Investment Partners LLC now owns 1,371 shares of the software maker's stock valued at $209,000 after acquiring an additional 75 shares in the last quarter. Parallel Advisors LLC raised its holdings in shares of Insight Enterprises by 40.4% in the first quarter. Parallel Advisors LLC now owns 330 shares of the software maker's stock valued at $49,000 after acquiring an additional 95 shares in the last quarter. Finally, Quantinno Capital Management LP raised its holdings in Insight Enterprises by 4.0% in the fourth quarter. Quantinno Capital Management LP now owns 3,594 shares of the software maker's stock worth $547,000 after purchasing an additional 138 shares in the last quarter.

Analyst Ratings Changes

A number of equities analysts have commented on the stock. Barrington Research reiterated an "outperform" rating and issued a $164.00 target price on shares of Insight Enterprises in a report on Tuesday, May 20th. JPMorgan Chase & Co. reduced their target price on shares of Insight Enterprises from $193.00 to $156.00 and set a "neutral" rating for the company in a 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's stock. According to MarketBeat, Insight Enterprises currently has a consensus rating of "Hold" and a consensus target price of $185.00.

Insight Enterprises Stock Down 2.0%

Insight Enterprises stock traded down $2.62 during trading hours on Friday, reaching $131.57. The stock had a trading volume of 637,325 shares, compared to its average volume of 330,614. The company has a market cap of $4.20 billion, a price-to-earnings ratio of 26.31, a PEG ratio of 1.24 and a beta of 1.20. The company has a debt-to-equity ratio of 0.60, a current ratio of 1.23 and a quick ratio of 1.19. The business's 50 day moving average price is $134.09 and its 200-day moving average price is $149.29. Insight Enterprises, Inc. has a 52 week low of $126.10 and a 52 week high of $228.07.

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

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.