Insight Enterprises, Inc. $NSIT Stock Sold by Assenagon Asset Management S.A.

Key Points

• Assenagon Asset Management cut its Insight Enterprises stake by 73.1% in the third quarter, selling 44,421 shares and retaining 16,325 shares worth approximately $2.55 million.
• Analyst sentiment is mixed: three analysts rate NSIT a Buy and four rate it a Hold, resulting in a consensus Hold rating and an average price target of $147.50.
• Insight reported stronger-than-expected quarterly results, with EPS of $3.86 versus the $2.93 estimate and revenue of $2.40 billion, up 14.7% year over year. The company issued fiscal 2026 EPS guidance of $12.20 to $12.70.

Assenagon Asset Management S.A. cut its position in Insight Enterprises, Inc. (NASDAQ:NSIT - Free Report) by 73.1% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 16,325 shares of the software maker's stock after selling 44,421 shares during the quarter. Assenagon Asset Management S.A. owned about 0.06% of Insight Enterprises worth $2,552,000 at the end of the most recent reporting period.

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

Analyst Ratings Changes

Several equities analysts have commented on NSIT shares. Barrington Research set a $180.00 target price on shares of Insight Enterprises in a report on Monday, August 10th. Weiss Ratings upgraded Insight Enterprises from a "hold (c-)" rating to a "hold (c)" rating in a research note on Monday, August 3rd. Raymond James Financial reaffirmed an "outperform" rating and issued a $175.00 target price on shares of Insight Enterprises in a report on Thursday, August 6th. Zacks Research lowered Insight Enterprises from a "strong-buy" rating to a "hold" rating in a research note on Tuesday, October 6th. Finally, JPMorgan Chase & Co. lifted their price target on Insight Enterprises from $135.00 to $160.00 and gave the company a "neutral" rating in a research note on Friday, August 7th. Three analysts have rated the stock with a Buy rating and four have issued a Hold rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of "Hold" and a consensus price target of $147.50.

Insiders Place Their Bets

In other Insight Enterprises 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 filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders own 1.21% of the company's stock.

Insight Enterprises Stock Performance

Insight Enterprises stock opened at $171.19 on Thursday. The business has a 50 day moving average of $157.93 and a 200-day moving average of $122.82. Insight Enterprises, Inc. has a 1 year low of $63.62 and a 1 year high of $177.34. The company has a debt-to-equity ratio of 0.92, a current ratio of 1.18 and a quick ratio of 1.15. The company has a market capitalization of $5.02 billion, a P/E ratio of 25.06, a P/E/G ratio of 1.19 and a beta of 1.06.

Insight Enterprises (NASDAQ:NSIT - Get Free Report) last announced its earnings results on Thursday, August 6th. The software maker reported $3.86 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.93 by $0.93. Insight Enterprises had a return on equity of 22.70% and a net margin of 2.45%. The business had revenue of $2.40 billion during the quarter, compared to analyst estimates of $2.18 billion. During the same period last year, the company earned $2.45 EPS. Insight Enterprises's revenue for the quarter was up 14.7% compared to the same quarter last year. Insight Enterprises has set its FY 2026 guidance at 12.200-12.700 EPS. On average, equities research analysts predict that Insight Enterprises, Inc. will post 11.50 earnings per share for the current year.

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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