Insight Enterprises, Inc. (NASDAQ:NSIT) Shares Purchased by Principal Financial Group Inc.

Principal Financial Group Inc. increased its stake in shares of Insight Enterprises, Inc. (NASDAQ:NSIT - Free Report) by 2.3% during the first quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 146,906 shares of the software maker's stock after buying an additional 3,362 shares during the quarter. Principal Financial Group Inc. owned about 0.46% of Insight Enterprises worth $22,034,000 at the end of the most recent reporting period.

Other institutional investors have also recently added to or reduced their stakes in the company. Opal Wealth Advisors LLC purchased a new position in Insight Enterprises during the first quarter worth approximately $27,000. Bessemer Group Inc. increased its stake in Insight Enterprises by 79.2% during the first 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. NewEdge Advisors LLC increased 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 acquiring an additional 63 shares during the last quarter. Parallel Advisors LLC increased its stake in Insight Enterprises by 40.4% during the first quarter. Parallel Advisors LLC now owns 330 shares of the software maker's stock worth $49,000 after acquiring an additional 95 shares during the last quarter. Finally, Golden State Wealth Management LLC increased its stake in Insight Enterprises by 100.5% during the first quarter. Golden State Wealth Management LLC now owns 419 shares of the software maker's stock worth $63,000 after acquiring an additional 210 shares during the last quarter.

Analysts Set New Price Targets

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

Insight Enterprises Trading Down 2.8%

Shares of NASDAQ NSIT traded down $4.10 during trading on Friday, reaching $139.99. The stock had a trading volume of 163,097 shares, compared to its average volume of 336,037. Insight Enterprises, Inc. has a fifty-two week low of $126.10 and a fifty-two week high of $228.07. The company has a debt-to-equity ratio of 0.60, a quick ratio of 1.19 and a current ratio of 1.23. The business's 50-day moving average price is $135.59 and its 200-day moving average price is $147.26. The company has a market cap of $4.47 billion, a P/E ratio of 28.00, a PEG ratio of 1.30 and a beta of 1.20.

Insight Enterprises (NASDAQ:NSIT - Get Free Report) last released its earnings results on Thursday, May 1st. The software maker reported $2.06 EPS 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 during the quarter, compared to analysts' expectations of $2.19 billion. During the same period in the previous year, the firm posted $2.37 EPS. Insight Enterprises's revenue for the quarter was down 11.6% on a year-over-year basis. On average, equities research analysts predict that Insight Enterprises, Inc. will post 9.89 EPS for the current fiscal year.

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.