New York State Teachers Retirement System Decreases Stock Holdings in Insight Enterprises, Inc. (NASDAQ:NSIT)

New York State Teachers Retirement System reduced its holdings in shares of Insight Enterprises, Inc. (NASDAQ:NSIT - Free Report) by 9.4% in the first quarter, according to its most recent filing with the SEC. The fund owned 28,058 shares of the software maker's stock after selling 2,902 shares during the period. New York State Teachers Retirement System owned about 0.09% of Insight Enterprises worth $4,208,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Bessemer Group Inc. lifted its stake in shares of Insight Enterprises by 79.2% during the 1st quarter. Bessemer Group Inc. now owns 190 shares of the software maker's stock worth $29,000 after acquiring an additional 84 shares during the last quarter. Janney Montgomery Scott LLC bought a new stake in Insight Enterprises during the 1st quarter valued at $952,000. Raymond James Financial Inc. bought a new stake in Insight Enterprises during the 4th quarter valued at $532,000. TT International Asset Management LTD bought a new stake in Insight Enterprises during the 1st quarter valued at $3,705,000. Finally, Penobscot Investment Management Company Inc. raised its position in Insight Enterprises by 241.8% during the 1st quarter. Penobscot Investment Management Company Inc. now owns 13,127 shares of the software maker's stock valued at $1,969,000 after purchasing an additional 9,287 shares in the last quarter.

Analyst Ratings Changes

A number of brokerages have weighed in on NSIT. JPMorgan Chase & Co. decreased their target price on Insight Enterprises from $193.00 to $156.00 and set a "neutral" rating for the company in a research report on Thursday, April 17th. Barrington Research reaffirmed an "outperform" rating and set a $164.00 target price on shares of Insight Enterprises in a research report on Tuesday, May 20th.

Insight Enterprises Stock Down 1.1%

Shares of NSIT traded down $1.59 during trading hours on Monday, hitting $142.38. The company had a trading volume of 272,755 shares, compared to its average volume of 334,263. The company has a market capitalization of $4.55 billion, a PE ratio of 28.48, a price-to-earnings-growth ratio of 1.33 and a beta of 1.20. The company has a current ratio of 1.23, a quick ratio of 1.19 and a debt-to-equity ratio of 0.60. Insight Enterprises, Inc. has a one year low of $126.10 and a one year high of $228.07. The company's fifty day moving average price is $134.93 and its two-hundred day moving average price is $147.65.

Insight Enterprises (NASDAQ:NSIT - Get Free Report) last announced its earnings results on Thursday, May 1st. The software maker reported $2.06 earnings per share for the quarter, topping the consensus estimate of $2.03 by $0.03. Insight Enterprises had a return on equity of 18.50% and a net margin of 2.26%. The firm had revenue of $2.10 billion for the quarter, compared to the consensus estimate of $2.19 billion. During the same period in the previous year, the business earned $2.37 EPS. The firm's revenue for the quarter was down 11.6% on a year-over-year basis. As a group, equities analysts forecast that Insight Enterprises, Inc. will post 9.89 earnings per share for the current fiscal year.

Insight Enterprises 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.