California State Teachers Retirement System Grows Holdings in Insight Enterprises, Inc. $NSIT

Key Points

• California State Teachers Retirement System increased its Insight Enterprises stake by 24% in the first quarter, bringing its holdings to 34,724 shares valued at approximately $2.3 million.
• Analysts maintain a generally positive outlook, with Insight receiving a consensus “Moderate Buy” rating and an average price target of $147.50.
• Insight reported a strong quarter, posting $3.86 in earnings per share versus the $2.93 estimate and $2.40 billion in revenue, up 14.7% year over year. Shares opened at $154.74, near their 52-week high.

California State Teachers Retirement System boosted its position in Insight Enterprises, Inc. (NASDAQ:NSIT - Free Report) by 24.0% in the first quarter, according to its most recent filing with the SEC. The institutional investor owned 34,724 shares of the software maker's stock after purchasing an additional 6,728 shares during the period. California State Teachers Retirement System owned about 0.11% of Insight Enterprises worth $2,327,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in NSIT. Creative Planning boosted its stake in shares of Insight Enterprises by 1.8% in the 3rd quarter. Creative Planning now owns 7,630 shares of the software maker's stock worth $865,000 after buying an additional 135 shares during the last quarter. CWM LLC increased its position in shares of Insight Enterprises by 39.2% during the fourth quarter. CWM LLC now owns 529 shares of the software maker's stock valued at $43,000 after acquiring an additional 149 shares during the last quarter. Raymond James Financial Inc. increased its position in shares of Insight Enterprises by 1.6% during the third quarter. Raymond James Financial Inc. now owns 9,854 shares of the software maker's stock valued at $1,118,000 after acquiring an additional 154 shares during the last quarter. EverSource Wealth Advisors LLC lifted its holdings in Insight Enterprises by 26.0% during the second quarter. EverSource Wealth Advisors LLC now owns 775 shares of the software maker's stock worth $107,000 after acquiring an additional 160 shares during the period. Finally, Captrust Financial Advisors lifted its holdings in Insight Enterprises by 4.5% during the second quarter. Captrust Financial Advisors now owns 3,782 shares of the software maker's stock worth $522,000 after acquiring an additional 162 shares during the period.

Wall Street Analysts Forecast Growth

A number of brokerages have issued reports on NSIT. Needham & Company LLC upgraded Insight Enterprises to an "overweight" rating in a research note on Wednesday, May 27th. Raymond James Financial reissued an "outperform" rating and issued a $175.00 price target on shares of Insight Enterprises in a report on Thursday. Canaccord Genuity Group set a $75.00 price target on shares of Insight Enterprises in a research report on Friday, May 8th. Wall Street Zen lowered shares of Insight Enterprises from a "strong-buy" rating to a "buy" rating in a research report on Sunday, August 2nd. Finally, Barrington Research set a $180.00 target price on shares of Insight Enterprises in a research note on Monday. One equities research analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating and three have assigned a Hold rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $147.50.

Insight Enterprises Stock Up 3.6%

Shares of NASDAQ NSIT opened at $154.74 on Tuesday. Insight Enterprises, Inc. has a one year low of $63.62 and a one year high of $155.10. The company has a debt-to-equity ratio of 0.92, a current ratio of 1.18 and a quick ratio of 1.15. The business's fifty day moving average price is $118.97 and its 200-day moving average price is $94.54. The stock has a market capitalization of $4.67 billion, a PE ratio of 22.66, a P/E/G ratio of 1.37 and a beta of 1.07.

Insight Enterprises (NASDAQ:NSIT - Get Free Report) last announced its quarterly earnings data on Thursday, August 6th. The software maker reported $3.86 earnings per share for the quarter, topping the consensus estimate of $2.93 by $0.93. Insight Enterprises had a return on equity of 22.70% and a net margin of 2.45%.The company had revenue of $2.40 billion during the quarter, compared to analyst estimates of $2.18 billion. During the same quarter last year, the firm posted $2.45 EPS. The firm's revenue for the quarter was up 14.7% on a year-over-year basis. Insight Enterprises has set its FY 2026 guidance at 12.200-12.700 EPS. On average, equities research analysts anticipate that Insight Enterprises, Inc. will post 10.89 EPS for the current year.

Insight Enterprises Company Profile

Insight Enterprises, Inc is a global technology provider headquartered in Tempe, Arizona. Founded in 1988, the company specializes in helping organizations harness the power of digital transformation by offering a comprehensive portfolio of IT hardware, software, cloud and licensing management solutions. Insight's expertise spans across the full technology lifecycle, from initial strategy and consulting to implementation, integration and ongoing managed services.

At the core of Insight's business are its consulting and professional services, which guide clients through complex technology environments and ensure optimal deployment of solutions.

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