Public Employees Retirement System of Ohio Purchases 10,384 Shares of Insight Enterprises, Inc. (NASDAQ:NSIT)

Public Employees Retirement System of Ohio increased its position in Insight Enterprises, Inc. (NASDAQ:NSIT - Free Report) by 23.4% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 54,760 shares of the software maker's stock after acquiring an additional 10,384 shares during the quarter. Public Employees Retirement System of Ohio owned about 0.17% of Insight Enterprises worth $8,329,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Pacer Advisors Inc. increased its holdings in Insight Enterprises by 26.6% in the 4th quarter. Pacer Advisors Inc. now owns 1,073,262 shares of the software maker's stock worth $163,243,000 after acquiring an additional 225,283 shares in the last quarter. Dimensional Fund Advisors LP increased its holdings in Insight Enterprises by 0.4% in the 4th quarter. Dimensional Fund Advisors LP now owns 821,409 shares of the software maker's stock worth $124,934,000 after acquiring an additional 2,944 shares in the last quarter. Northern Trust Corp boosted its stake in Insight Enterprises by 16.5% in the 4th quarter. Northern Trust Corp now owns 446,526 shares of the software maker's stock worth $67,917,000 after purchasing an additional 63,200 shares during the period. Massachusetts Financial Services Co. MA purchased a new stake in Insight Enterprises during the 4th quarter valued at approximately $57,380,000. Finally, Norges Bank purchased a new stake in Insight Enterprises during the 4th quarter valued at approximately $47,585,000.

Insight Enterprises Price Performance

NSIT traded down $2.57 during trading on Friday, reaching $129.59. 297,718 shares of the company traded hands, compared to its average volume of 325,484. 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 company has a market cap of $4.14 billion, a P/E ratio of 19.88, a PEG ratio of 1.40 and a beta of 1.22. Insight Enterprises, Inc. has a 12-month low of $126.10 and a 12-month high of $228.07. The firm has a fifty day simple moving average of $136.47 and a 200 day simple moving average of $151.47.

Insight Enterprises (NASDAQ:NSIT - Get Free Report) last posted its earnings results on Thursday, May 1st. The software maker reported $2.06 EPS 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 the consensus estimate of $2.19 billion. Insight Enterprises had a return on equity of 18.95% and a net margin of 2.87%. The company's quarterly revenue was down 11.6% compared to the same quarter last year. During the same period in the prior year, the company earned $2.37 EPS. On average, equities analysts forecast that Insight Enterprises, Inc. will post 9.89 EPS for the current year.

Analysts Set New Price Targets

A number of brokerages have issued reports on NSIT. Barrington Research reaffirmed an "outperform" rating and set a $164.00 price objective on shares of Insight Enterprises in a report on Tuesday, May 20th. JPMorgan Chase & Co. cut their price objective on shares of Insight Enterprises from $193.00 to $156.00 and set a "neutral" rating for the company in a report on Thursday, April 17th. Three analysts have rated the stock with a hold rating and two have given a buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of "Hold" and a consensus price target of $185.00.

Insight Enterprises Company 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.