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 trimmed its stake in shares of Insight Enterprises, Inc. (NASDAQ:NSIT - Free Report) by 24.1% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 18,751 shares of the software maker's stock after selling 5,953 shares during the quarter. Insight Enterprises comprises 0.5% of TT International Asset Management LTD's holdings, making the stock its 25th biggest position. TT International Asset Management LTD owned about 0.06% of Insight Enterprises worth $2,589,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds also recently made changes to their positions in NSIT. Man Group plc increased its position in shares of Insight Enterprises by 138.4% in the fourth quarter. Man Group plc now owns 14,906 shares of the software maker's stock worth $2,267,000 after acquiring an additional 8,654 shares in the last quarter. Quantinno Capital Management LP lifted its stake in shares of Insight Enterprises by 4.0% in the fourth quarter. Quantinno Capital Management LP now owns 3,594 shares of the software maker's stock worth $547,000 after buying an additional 138 shares during the last quarter. ProShare Advisors LLC lifted its stake in shares of Insight Enterprises by 40.9% in the fourth quarter. ProShare Advisors LLC now owns 8,207 shares of the software maker's stock worth $1,248,000 after buying an additional 2,384 shares during the last quarter. Tidal Investments LLC increased its position in Insight Enterprises by 59.7% during the fourth quarter. Tidal Investments LLC now owns 7,846 shares of the software maker's stock worth $1,193,000 after acquiring an additional 2,932 shares during the period. Finally, Two Sigma Investments LP bought a new position in Insight Enterprises during the fourth quarter worth $387,000.

Analysts Set New Price Targets

Several equities research analysts have recently weighed in on the stock. JPMorgan Chase & Co. upped their target price on shares of Insight Enterprises from $152.00 to $165.00 and gave the stock a "neutral" rating in a report on Thursday, July 17th. Barrington Research reaffirmed an "outperform" rating and issued a $164.00 target price on shares of Insight Enterprises in a report on Monday. Two investment analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. According to data from MarketBeat.com, Insight Enterprises presently has a consensus rating of "Moderate Buy" and a consensus target price of $183.00.

Insight Enterprises Trading Down 0.9%

Shares of NASDAQ:NSIT traded down $1.07 during mid-day trading on Friday, reaching $119.07. The stock had a trading volume of 1,831,285 shares, compared to its average volume of 303,117. The company has a current ratio of 1.29, a quick ratio of 1.26 and a debt-to-equity ratio of 0.83. The firm has a market cap of $3.75 billion, a PE ratio of 28.42, a price-to-earnings-growth ratio of 1.11 and a beta of 1.16. The firm has a 50 day simple moving average of $130.22 and a two-hundred day simple moving average of $136.22. Insight Enterprises, Inc. has a twelve month low of $115.68 and a twelve month high of $225.38.

Insight Enterprises (NASDAQ:NSIT - Get Free Report) last issued its quarterly earnings results on Thursday, July 31st. The software maker reported $2.45 earnings per share 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 business had revenue of $2.09 billion for the quarter, compared to the consensus estimate of $2.15 billion. During the same period in the prior year, the business earned $2.46 earnings per share. Insight Enterprises's revenue was down 3.3% compared to the same quarter last year. Insight Enterprises has set its FY 2025 guidance at 9.700-10.10 EPS. On average, research analysts predict that Insight Enterprises, Inc. will post 9.89 EPS 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.