Insight Enterprises, Inc. $NSIT Shares Sold by ARGA Investment Management LP

Key Points

• ARGA Investment Management cut its Insight Enterprises stake by 68.1% in the third quarter, selling 14,006 shares and ending the period with 6,558 shares valued at about $1.03 million.
• Insight reported quarterly EPS of $3.86, above the $2.93 analyst consensus, while revenue of $2.40 billion beat expectations and rose 14.7% year over year.
• Analysts’ average rating was Hold, with an average price target of $147.50; the article reported NSIT trading at $167.35.

ARGA Investment Management LP lowered its stake in Insight Enterprises, Inc. (NASDAQ:NSIT - Free Report) by 68.1% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 6,558 shares of the software maker's stock after selling 14,006 shares during the period. ARGA Investment Management LP's holdings in Insight Enterprises were worth $1,025,000 at the end of the most recent reporting period.

Other hedge funds have also added to or reduced their stakes in the company. BlackRock Inc. purchased a new stake in Insight Enterprises in the second quarter worth $587,162,000. Paradigm Capital Management Inc. NY bought a new position in shares of Insight Enterprises in the 2nd quarter worth about $116,563,000. Bank of America Corp DE increased its stake in shares of Insight Enterprises by 24.4% in the 1st quarter. Bank of America Corp DE now owns 316,014 shares of the software maker's stock worth $21,176,000 after acquiring an additional 62,060 shares in the last quarter. Allspring Global Investments Holdings LLC increased its stake in shares of Insight Enterprises by 6.0% in the 1st quarter. Allspring Global Investments Holdings LLC now owns 265,601 shares of the software maker's stock worth $17,856,000 after acquiring an additional 15,092 shares in the last quarter. Finally, Alyeska Investment Group L.P. purchased a new position in Insight Enterprises during the 2nd quarter valued at about $26,602,000.

Insider Activity at Insight Enterprises

In other news, General Counsel Karim Adatia sold 248 shares of Insight Enterprises 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 sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 1.21% of the stock is owned by insiders.

Insight Enterprises Trading Up 0.3%

NASDAQ:NSIT opened at $167.35 on Wednesday. The company has a market cap of $4.91 billion, a PE ratio of 14.09, a price-to-earnings-growth ratio of 1.21 and a beta of 1.06. The company has a current ratio of 1.18, a quick ratio of 1.15 and a debt-to-equity ratio of 0.92. The company has a 50 day simple moving average of $162.17 and a two-hundred day simple moving average of $114.05. Insight Enterprises, Inc. has a 12 month low of $63.62 and a 12 month high of $182.12.

Insight Enterprises (NASDAQ:NSIT - Get Free Report) last announced its earnings results on Thursday, August 6th. The software maker reported $3.86 EPS for the quarter, beating analysts' consensus estimates of $2.93 by $0.93. Insight Enterprises had a net margin of 2.45% and a return on equity of 22.70%. The business had revenue of $2.40 billion during the quarter, compared to analysts' expectations of $2.18 billion. During the same period in the prior year, the company earned $2.45 earnings per share. The firm'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. Research analysts forecast that Insight Enterprises, Inc. will post 11.50 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of brokerages have issued reports on NSIT. Raymond James Financial reiterated an "outperform" rating and set a $175.00 price objective on shares of Insight Enterprises in a research note on Thursday, August 6th. Barrington Research set a $180.00 target price on Insight Enterprises in a research note on Monday, August 10th. Wall Street Zen downgraded Insight Enterprises from a "strong-buy" rating to a "buy" rating in a report on Saturday, September 12th. Zacks Research lowered Insight Enterprises from a "strong-buy" rating to a "hold" rating in a research report on Tuesday, October 6th. Finally, Weiss Ratings upgraded shares of Insight Enterprises from a "hold (c)" rating to a "hold (c+)" rating in a research note on Wednesday, October 28th. Three analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company. According to data from MarketBeat, the company has an average rating of "Hold" and an average price target of $147.50.

Insight Enterprises Profile

Insight Enterprises, Inc is a global technology solutions provider that helps businesses and public-sector organizations plan, acquire, implement and manage information technology. The company offers hardware, software and cloud solutions, along with consulting, systems integration, managed services and technical support.

Its portfolio includes workplace and data-center technologies, cloud and data-center modernization, cybersecurity, networking, data and artificial intelligence solutions, and software licensing and asset management.

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