Deutsche Bank AG Sells 2,225 Shares of Insight Enterprises, Inc. $NSIT

Key Points

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Deutsche Bank AG lessened its position in shares of Insight Enterprises, Inc. (NASDAQ:NSIT - Free Report) by 8.8% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 23,151 shares of the software maker's stock after selling 2,225 shares during the period. Deutsche Bank AG owned 0.07% of Insight Enterprises worth $3,472,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in NSIT. Opal Wealth Advisors LLC purchased a new position in shares of Insight Enterprises during the 1st quarter valued at $27,000. Bessemer Group Inc. lifted its position in shares of Insight Enterprises by 79.2% during the 1st quarter. Bessemer Group Inc. now owns 190 shares of the software maker's stock valued at $29,000 after buying an additional 84 shares during the last quarter. NewEdge Advisors LLC lifted its position in shares of Insight Enterprises by 32.8% during the 4th quarter. NewEdge Advisors LLC now owns 255 shares of the software maker's stock valued at $39,000 after buying an additional 63 shares during the last quarter. Parallel Advisors LLC lifted its position in shares of Insight Enterprises by 40.4% during the 1st quarter. Parallel Advisors LLC now owns 330 shares of the software maker's stock valued at $49,000 after buying an additional 95 shares during the last quarter. Finally, Golden State Wealth Management LLC lifted its position in shares of Insight Enterprises by 100.5% during the 1st quarter. Golden State Wealth Management LLC now owns 419 shares of the software maker's stock valued at $63,000 after buying an additional 210 shares during the last quarter.

Analyst Ratings Changes

A number of research analysts have recently commented on the company. Barrington Research reaffirmed an "outperform" rating and set a $164.00 price target on shares of Insight Enterprises in a research report on Monday, July 21st. JPMorgan Chase & Co. increased their price objective on Insight Enterprises from $152.00 to $165.00 and gave the stock a "neutral" rating in a report on Thursday, July 17th. Two research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company's stock. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $183.00.

Insight Enterprises Price Performance

NSIT traded up $5.43 during trading on Friday, reaching $133.86. 318,720 shares of the company were exchanged, compared to its average volume of 407,101. The company's 50-day moving average is $135.18 and its two-hundred day moving average is $141.25. The company has a market cap of $4.21 billion, a price-to-earnings ratio of 31.95, a P/E/G ratio of 1.18 and a beta of 1.21. The company has a quick ratio of 1.26, a current ratio of 1.29 and a debt-to-equity ratio of 0.83. Insight Enterprises, Inc. has a 12-month low of $115.68 and a 12-month high of $225.38.

Insight Enterprises (NASDAQ:NSIT - Get Free Report) last announced its earnings results on Thursday, July 31st. The software maker reported $2.45 earnings per share for the quarter, missing analysts' consensus estimates of $2.49 by ($0.04). The business had revenue of $2.09 billion during the quarter, compared to the consensus estimate of $2.15 billion. Insight Enterprises had a return on equity of 18.68% and a net margin of 1.79%.Insight Enterprises's revenue was down 3.3% compared to the same quarter last year. During the same quarter in the prior year, the company earned $2.46 earnings per share. Insight Enterprises has set its FY 2025 guidance at 9.700-10.10 EPS. Research analysts forecast that Insight Enterprises, Inc. will post 9.89 earnings per share for the current fiscal 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.