Insight Enterprises, Inc. $NSIT Holdings Cut by California State Teachers Retirement System

Key Points

• California State Teachers Retirement System cut its Insight Enterprises stake by 2.7% in the second quarter, selling 928 shares and retaining 33,796 shares valued at about $4.1 million. Meanwhile, several major institutions, including BlackRock and Paradigm Capital, initiated sizable positions.
• Insight Enterprises reported strong quarterly results, with EPS of $3.86 versus the $2.93 consensus and revenue of $2.40 billion, up 14.7% year over year. The company provided fiscal 2026 EPS guidance of $12.20 to $12.70.
• Analysts maintain a generally positive outlook, with the stock carrying a “Moderate Buy” consensus rating and a $147.50 average price target. NSIT traded at $161.11, near its 12-month high of $165.79.

California State Teachers Retirement System reduced its position in Insight Enterprises, Inc. (NASDAQ:NSIT - Free Report) by 2.7% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 33,796 shares of the software maker's stock after selling 928 shares during the period. California State Teachers Retirement System owned about 0.12% of Insight Enterprises worth $4,116,353 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. BlackRock Inc. bought a new position in shares of Insight Enterprises during the 2nd quarter worth approximately $587,162,000. Paradigm Capital Management Inc. NY bought a new stake in shares of Insight Enterprises during the second quarter valued at approximately $116,563,000. Norges Bank purchased a new stake in shares of Insight Enterprises in the 4th quarter worth $36,209,000. Bank of America Corp DE purchased a new position in shares of Insight Enterprises in the 2nd quarter worth $36,643,000. Finally, Alyeska Investment Group L.P. purchased a new stake in Insight Enterprises during the second quarter worth $26,602,000.

Analyst Ratings Changes

A number of brokerages have issued reports on NSIT. Barrington Research set a $180.00 target price on Insight Enterprises in a research report on Monday, August 10th. Raymond James Financial reissued an "outperform" rating and set a $175.00 target price on shares of Insight Enterprises in a report on Thursday, August 6th. Wall Street Zen lowered Insight Enterprises from a "strong-buy" rating to a "buy" rating in a report on Saturday. Needham & Company LLC raised Insight Enterprises to an "overweight" rating in a research note on Wednesday, May 27th. Finally, JPMorgan Chase & Co. lifted their price target on Insight Enterprises from $135.00 to $160.00 and gave the stock a "neutral" rating in a report on Friday, August 7th. One investment analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and three have assigned a Hold rating to the stock. According to MarketBeat, Insight Enterprises presently has an average rating of "Moderate Buy" and a consensus target price of $147.50.

Insight Enterprises Price Performance

NASDAQ NSIT traded down $0.73 during trading on Tuesday, hitting $161.11. 122,838 shares of the stock traded hands, compared to its average volume of 443,036. Insight Enterprises, Inc. has a 12-month low of $63.62 and a 12-month high of $165.79. The firm has a 50-day simple moving average of $139.63 and a 200-day simple moving average of $106.81. The company has a market capitalization of $4.73 billion, a P/E ratio of 23.61, a price-to-earnings-growth ratio of 1.20 and a beta of 1.10. The company has a quick ratio of 1.15, a current ratio of 1.18 and a debt-to-equity ratio of 0.92.

Insight Enterprises (NASDAQ:NSIT - Get Free Report) last issued its quarterly earnings data on Thursday, August 6th. The software maker reported $3.86 earnings per share (EPS) for the quarter, beating 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 business had revenue of $2.40 billion during the quarter, compared to analysts' expectations of $2.18 billion. During the same quarter in the previous year, the firm posted $2.45 EPS. The company'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. As a group, analysts predict that Insight Enterprises, Inc. will post 11.5 EPS for the current year.

Insiders Place Their Bets

In other Insight Enterprises news, General Counsel Karim Adatia sold 248 shares of Insight Enterprises stock in a transaction that occurred on Friday, August 28th. The shares were sold at an average price of $157.40, for a total transaction of $39,035.20. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. 1.21% of the stock is owned by insiders.

Insight Enterprises Profile

Insight Enterprises, Inc is a global technology solutions and services provider that helps organizations select, deploy and manage information technology. The company serves businesses, government agencies and educational institutions, providing technology products and expertise across the IT lifecycle.

Its offerings include hardware, software and cloud solutions, along with consulting, systems integration, managed services, data and artificial intelligence solutions, cybersecurity, digital transformation and modern workplace services.

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