TT International Asset Management LTD Sells 5,953 Shares of Insight Enterprises, Inc. $NSIT

Key Points

• TT International Asset Management LTD sold 5,953 shares of Insight Enterprises, Inc., reducing its stake by 24.1%, leaving it with 18,751 shares valued at approximately $2.59 million.
• Insight Enterprises has recently received analyst attention, with JPMorgan Chase increasing its target price to $165.00 and Barrington Research maintaining an "outperform" rating with a target of $164.00.
• The company's Q2 earnings reported an EPS of $2.45, which missed the consensus estimate of $2.49, alongside a revenue decline of 3.3% year-over-year.

TT International Asset Management LTD cut its stake in shares of Insight Enterprises, Inc. (NASDAQ:NSIT - Free Report) by 24.1% in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 18,751 shares of the software maker's stock after selling 5,953 shares during the quarter. Insight Enterprises accounts for about 0.5% of TT International Asset Management LTD's investment portfolio, making the stock its 25th largest holding. TT International Asset Management LTD owned approximately 0.06% of Insight Enterprises worth $2,589,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors also recently bought and sold shares of the stock. Fiduciary Management Inc. WI boosted its holdings in Insight Enterprises by 17.1% during the 1st quarter. Fiduciary Management Inc. WI now owns 949,243 shares of the software maker's stock valued at $142,377,000 after acquiring an additional 138,914 shares during the period. Massachusetts Financial Services Co. MA boosted its holdings in Insight Enterprises by 48.0% during the 1st quarter. Massachusetts Financial Services Co. MA now owns 558,356 shares of the software maker's stock valued at $83,748,000 after acquiring an additional 181,104 shares during the period. Charles Schwab Investment Management Inc. boosted its holdings in Insight Enterprises by 1.1% during the 1st quarter. Charles Schwab Investment Management Inc. now owns 368,502 shares of the software maker's stock valued at $55,272,000 after acquiring an additional 3,866 shares during the period. Wellington Management Group LLP boosted its holdings in Insight Enterprises by 65.7% during the 4th quarter. Wellington Management Group LLP now owns 270,797 shares of the software maker's stock valued at $41,188,000 after acquiring an additional 107,397 shares during the period. Finally, GAMMA Investing LLC lifted its holdings in Insight Enterprises by 42,674.8% in the 1st quarter. GAMMA Investing LLC now owns 173,238 shares of the software maker's stock worth $259,840,000 after buying an additional 172,833 shares during the period.

Analysts Set New Price Targets

NSIT has been the subject of several research analyst reports. Barrington Research reiterated an "outperform" rating and issued a $164.00 price objective on shares of Insight Enterprises in a report on Monday, September 15th. JPMorgan Chase & Co. increased their price objective on Insight Enterprises from $152.00 to $165.00 and gave the stock a "neutral" rating in a report on Thursday, July 17th. Two investment analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company's stock. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $183.00.

Insight Enterprises Stock Up 0.3%

Shares of NASDAQ:NSIT traded up $0.41 during trading on Monday, hitting $119.48. The stock had a trading volume of 420,378 shares, compared to its average volume of 378,745. Insight Enterprises, Inc. has a 12 month low of $115.68 and a 12 month high of $225.38. The company has a market capitalization of $3.76 billion, a PE ratio of 28.52, a PEG ratio of 1.10 and a beta of 1.16. The firm's fifty day moving average is $129.80 and its 200 day moving average is $135.72. The company has a quick ratio of 1.26, a current ratio of 1.29 and a debt-to-equity ratio of 0.83.

Insight Enterprises (NASDAQ:NSIT - Get Free Report) last announced its earnings results on Thursday, July 31st. The software maker reported $2.45 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.49 by ($0.04). Insight Enterprises had a return on equity of 18.68% and a net margin of 1.79%.The firm had revenue of $2.09 billion during the quarter, compared to the consensus estimate of $2.15 billion. During the same period in the prior year, the company posted $2.46 EPS. The firm's revenue was down 3.3% on a year-over-year basis. Insight Enterprises has set its FY 2025 guidance at 9.700-10.10 EPS. Analysts anticipate that Insight Enterprises, Inc. will post 9.89 EPS for the current fiscal year.

About Insight Enterprises

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.