Insight Enterprises, Inc. (NASDAQ:NSIT) Shares Sold by Invesco Ltd.

Invesco Ltd. decreased its position in Insight Enterprises, Inc. (NASDAQ:NSIT - Free Report) by 8.2% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 308,544 shares of the software maker's stock after selling 27,669 shares during the quarter. Invesco Ltd. owned approximately 0.97% of Insight Enterprises worth $46,930,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Geode Capital Management LLC boosted its position in shares of Insight Enterprises by 1.7% in the 3rd quarter. Geode Capital Management LLC now owns 659,483 shares of the software maker's stock worth $142,073,000 after purchasing an additional 10,711 shares in the last quarter. Alberta Investment Management Corp bought a new position in Insight Enterprises during the fourth quarter valued at approximately $2,494,000. Raymond James Financial Inc. purchased a new stake in Insight Enterprises in the fourth quarter worth approximately $532,000. Principal Financial Group Inc. grew its position in Insight Enterprises by 1.2% in the 4th quarter. Principal Financial Group Inc. now owns 143,544 shares of the software maker's stock worth $21,833,000 after purchasing an additional 1,653 shares during the period. Finally, Rhumbline Advisers raised its stake in Insight Enterprises by 2.4% during the 4th quarter. Rhumbline Advisers now owns 82,198 shares of the software maker's stock valued at $12,502,000 after buying an additional 1,925 shares during the last quarter.

Analysts Set New Price Targets

Several brokerages recently issued reports on NSIT. JPMorgan Chase & Co. cut their target price on shares of Insight Enterprises from $193.00 to $156.00 and set a "neutral" rating for the company in a research report on Thursday. Barrington Research dropped their target price on Insight Enterprises from $205.00 to $164.00 and set an "outperform" rating for the company in a research report on Friday, April 4th. Three equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. According to MarketBeat, the company has an average rating of "Hold" and an average target price of $185.00.

Insight Enterprises Stock Performance

NASDAQ:NSIT traded down $1.69 during trading hours on Monday, hitting $131.67. 18,646 shares of the company were exchanged, compared to its average volume of 308,684. The stock has a market capitalization of $4.18 billion, a price-to-earnings ratio of 20.24, a PEG ratio of 1.40 and a beta of 1.31. The company has a debt-to-equity ratio of 0.30, a current ratio of 1.18 and a quick ratio of 1.15. The company's 50 day moving average price is $150.11 and its 200-day moving average price is $164.85. Insight Enterprises, Inc. has a 52-week low of $126.10 and a 52-week high of $228.07.

Insight Enterprises (NASDAQ:NSIT - Get Free Report) last posted its quarterly earnings results on Thursday, February 6th. The software maker reported $2.66 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $2.53 by $0.13. Insight Enterprises had a net margin of 2.87% and a return on equity of 18.95%. During the same quarter last year, the firm posted $2.98 earnings per share. As a group, research analysts forecast that Insight Enterprises, Inc. will post 9.89 earnings per share for the current 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.