Engineers Gate Manager LP Decreases Holdings in Insight Enterprises, Inc. $NSIT

Key Points

• Engineers Gate Manager LP cut its Insight Enterprises stake by 88.7% in the second quarter, selling 51,427 shares and retaining 6,536 shares valued at approximately $796,000.
• 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 issued fiscal 2026 EPS guidance of $12.20–$12.70.
• Analyst sentiment remains generally positive, with the stock holding a “Moderate Buy” consensus rating and an average price target of $147.50, while several major institutions established new positions during the quarter.

Engineers Gate Manager LP reduced its holdings in shares of Insight Enterprises, Inc. (NASDAQ:NSIT - Free Report) by 88.7% in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 6,536 shares of the software maker's stock after selling 51,427 shares during the quarter. Engineers Gate Manager LP's holdings in Insight Enterprises were worth $796,000 as of its most recent filing with the SEC.

A number of other hedge funds have also made changes to their positions in the business. BlackRock Inc. acquired a new stake in Insight Enterprises during the second quarter worth approximately $587,162,000. Paradigm Capital Management Inc. NY purchased a new position in shares of Insight Enterprises in the 2nd quarter valued at $116,563,000. Bank of America Corp DE purchased a new position in shares of Insight Enterprises in the 2nd quarter valued at $36,643,000. Norges Bank acquired a new stake in Insight Enterprises during the 4th quarter worth $36,209,000. Finally, Alyeska Investment Group L.P. purchased a new stake in Insight Enterprises in the second quarter valued at $26,602,000.

Insiders Place Their Bets

In other news, General Counsel Karim Adatia sold 248 shares of the firm's stock in a transaction that occurred on Friday, August 28th. The stock was sold at an average price of $157.40, for a total value of $39,035.20. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Corporate insiders own 1.21% of the company's stock.

Insight Enterprises Stock Performance

Shares of NSIT opened at $154.91 on Monday. The stock has a market capitalization of $4.55 billion, a P/E ratio of 22.68, a P/E/G ratio of 1.12 and a beta of 1.10. The company has a debt-to-equity ratio of 0.92, a quick ratio of 1.15 and a current ratio of 1.18. Insight Enterprises, Inc. has a 1 year low of $63.62 and a 1 year high of $168.50. The company's fifty day moving average is $143.09 and its two-hundred day moving average is $108.93.

Insight Enterprises (NASDAQ:NSIT - Get Free Report) last released its earnings results on Thursday, August 6th. The software maker reported $3.86 EPS for the quarter, topping the consensus estimate of $2.93 by $0.93. Insight Enterprises had a net margin of 2.45% and a return on equity of 22.70%. The company had revenue of $2.40 billion during the quarter, compared to analysts' expectations of $2.18 billion. During the same quarter last year, the business earned $2.45 EPS. The business's revenue 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, sell-side analysts predict that Insight Enterprises, Inc. will post 11.5 earnings per share for the current year.

Analyst Ratings Changes

Several equities analysts have issued reports on NSIT shares. Needham & Company LLC raised Insight Enterprises to an "overweight" rating in a report on Wednesday, May 27th. Raymond James Financial reissued an "outperform" rating and issued a $175.00 target price on shares of Insight Enterprises in a research report on Thursday, August 6th. Wall Street Zen downgraded Insight Enterprises from a "strong-buy" rating to a "buy" rating in a research note on Saturday, September 12th. Weiss Ratings raised Insight Enterprises from a "hold (c-)" rating to a "hold (c)" rating in a research report on Monday, August 3rd. Finally, Barrington Research set a $180.00 price objective on Insight Enterprises in a research note on Monday, August 10th. One equities research 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 company. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus target price of $147.50.

Insight Enterprises Company 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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