Janus Henderson Group PLC trimmed its stake in Insight Enterprises, Inc. (NASDAQ:NSIT - Free Report) by 44.7% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 104,809 shares of the software maker's stock after selling 84,609 shares during the period. Janus Henderson Group PLC owned approximately 0.33% of Insight Enterprises worth $15,941,000 at the end of the most recent quarter.
Several other hedge funds also recently made changes to their positions in the company. Alberta Investment Management Corp acquired a new position in Insight Enterprises during the fourth quarter worth approximately $2,494,000. Raymond James Financial Inc. acquired a new position in shares of Insight Enterprises in the 4th quarter valued at $532,000. Principal Financial Group Inc. raised 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 valued at $21,833,000 after purchasing an additional 1,653 shares during the last quarter. Rhumbline Advisers boosted 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 worth $12,502,000 after purchasing an additional 1,925 shares during the period. Finally, New York Life Investment Management LLC purchased a new position in Insight Enterprises during the 4th quarter worth $449,000.
Insight Enterprises Stock Performance
NSIT traded down $1.80 during trading hours on Monday, hitting $135.28. 253,941 shares of the stock were exchanged, compared to its average volume of 321,854. The company has a debt-to-equity ratio of 0.30, a current ratio of 1.18 and a quick ratio of 1.15. Insight Enterprises, Inc. has a 12 month low of $126.10 and a 12 month high of $228.07. The stock has a 50-day simple moving average of $140.69 and a 200-day simple moving average of $153.79. The stock has a market cap of $4.32 billion, a price-to-earnings ratio of 20.75, a price-to-earnings-growth ratio of 1.40 and a beta of 1.22.
Insight Enterprises (NASDAQ:NSIT - Get Free Report) last posted its earnings results on Thursday, May 1st. The software maker reported $2.06 EPS for the quarter, beating the consensus estimate of $2.03 by $0.03. Insight Enterprises had a return on equity of 18.95% and a net margin of 2.87%. The firm had revenue of $2.10 billion for the quarter, compared to analysts' expectations of $2.19 billion. During the same period last year, the firm earned $2.37 EPS. The firm's revenue was down 11.6% compared to the same quarter last year. Analysts anticipate that Insight Enterprises, Inc. will post 9.89 earnings per share for the current year.
Analyst Ratings Changes
Several analysts have commented on NSIT shares. JPMorgan Chase & Co. reduced 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 cut their price objective 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 investment analysts have rated the stock with a hold rating and two have given a buy rating to the company. According to MarketBeat, Insight Enterprises has an average rating of "Hold" and a consensus price target of $185.00.
Check Out Our Latest Analysis on Insight Enterprises
About Insight Enterprises
(
Free Report)
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.
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