Nuveen Asset Management LLC decreased its stake in Insight Enterprises, Inc. (NASDAQ:NSIT - Free Report) by 17.7% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 92,522 shares of the software maker's stock after selling 19,843 shares during the quarter. Nuveen Asset Management LLC owned approximately 0.29% of Insight Enterprises worth $14,073,000 as of its most recent SEC filing.
Several other institutional investors have also modified their holdings of the stock. Golden State Wealth Management LLC acquired a new position in Insight Enterprises during the fourth quarter worth about $32,000. R Squared Ltd purchased a new position in Insight Enterprises during the fourth quarter worth about $33,000. J.Safra Asset Management Corp raised its stake in Insight Enterprises by 40.8% during the fourth quarter. J.Safra Asset Management Corp now owns 245 shares of the software maker's stock worth $37,000 after purchasing an additional 71 shares during the period. NewEdge Advisors LLC raised its stake in Insight Enterprises by 32.8% during the fourth quarter. NewEdge Advisors LLC now owns 255 shares of the software maker's stock worth $39,000 after purchasing an additional 63 shares during the period. Finally, Smartleaf Asset Management LLC raised its stake in Insight Enterprises by 287.7% during the fourth quarter. Smartleaf Asset Management LLC now owns 504 shares of the software maker's stock worth $76,000 after purchasing an additional 374 shares during the period.
Insight Enterprises Trading Down 1.5%
Shares of Insight Enterprises stock traded down $2.01 on Thursday, reaching $131.97. The company had a trading volume of 105,192 shares, compared to its average volume of 324,202. The company has a debt-to-equity ratio of 0.30, a quick ratio of 1.15 and a current ratio of 1.18. The firm has a market cap of $4.21 billion, a PE ratio of 20.27, a PEG ratio of 1.40 and a beta of 1.22. The firm's 50 day moving average price is $137.57 and its two-hundred day moving average price is $151.97. 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 quarterly earnings data on Thursday, May 1st. The software maker reported $2.06 earnings per share for the quarter, beating analysts' consensus estimates of $2.03 by $0.03. The firm had revenue of $2.10 billion during the quarter, compared to analysts' expectations of $2.19 billion. Insight Enterprises had a net margin of 2.87% and a return on equity of 18.95%. The business's quarterly revenue was down 11.6% compared to the same quarter last year. During the same quarter in the previous year, the business posted $2.37 earnings per share. Sell-side analysts predict that Insight Enterprises, Inc. will post 9.89 earnings per share for the current fiscal year.
Analysts Set New Price Targets
NSIT has been the topic of a number of analyst reports. Barrington Research reaffirmed an "outperform" rating and set a $164.00 target price on shares of Insight Enterprises in a research note 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 on the stock in a research note on Thursday, April 17th. Three investment analysts have rated the stock with a hold rating and two have given a buy rating to the stock. Based on data from MarketBeat, the company has an average rating of "Hold" and a consensus price target of $185.00.
View Our Latest Report on NSIT
About Insight Enterprises
(
Free Report)
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.
Featured Stories

Before you consider Insight Enterprises, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Insight Enterprises wasn't on the list.
While Insight Enterprises currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Looking for the next FAANG stock before everyone has heard about it? Enter your email address to see which stocks MarketBeat analysts think might become the next trillion dollar tech company.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.