Insight Enterprises, Inc. (NASDAQ:NSIT) Shares Sold by LPL Financial LLC

LPL Financial LLC trimmed its position in Insight Enterprises, Inc. (NASDAQ:NSIT - Free Report) by 30.9% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 5,540 shares of the software maker's stock after selling 2,472 shares during the quarter. LPL Financial LLC's holdings in Insight Enterprises were worth $843,000 at the end of the most recent reporting period.

Other institutional investors have also modified their holdings of the company. KLP Kapitalforvaltning AS acquired a new position in shares of Insight Enterprises in the fourth quarter valued at approximately $882,000. Sei Investments Co. increased its stake in Insight Enterprises by 24.4% in the 4th quarter. Sei Investments Co. now owns 24,059 shares of the software maker's stock valued at $3,659,000 after buying an additional 4,721 shares during the period. Quantbot Technologies LP purchased a new position in Insight Enterprises during the 4th quarter worth $2,070,000. Magnetar Financial LLC acquired a new stake in shares of Insight Enterprises in the 4th quarter worth $213,000. Finally, Teacher Retirement System of Texas increased its stake in shares of Insight Enterprises by 15.5% during the fourth quarter. Teacher Retirement System of Texas now owns 9,642 shares of the software maker's stock worth $1,467,000 after acquiring an additional 1,295 shares during the period.

Insight Enterprises Price Performance

NSIT traded up $1.03 during trading on Friday, reaching $138.61. 155,097 shares of the stock were exchanged, compared to its average volume of 311,213. Insight Enterprises, Inc. has a 1 year low of $126.10 and a 1 year high of $228.07. The company has a market capitalization of $4.40 billion, a price-to-earnings ratio of 21.26, a P/E/G ratio of 1.40 and a beta of 1.31. The business's 50 day moving average price is $146.93 and its two-hundred day moving average price is $162.67. 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 (NASDAQ:NSIT - Get Free Report) last posted its earnings results on Thursday, February 6th. The software maker reported $2.66 earnings per share for the quarter, beating the consensus estimate 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 in the prior year, the company posted $2.98 earnings per share. As a group, equities research analysts anticipate that Insight Enterprises, Inc. will post 9.89 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several equities analysts have issued reports on NSIT shares. JPMorgan Chase & Co. dropped their target price on Insight Enterprises from $193.00 to $156.00 and set a "neutral" rating on the stock in a research report on Thursday, April 17th. Barrington Research decreased their target price on shares of Insight Enterprises from $205.00 to $164.00 and set an "outperform" rating on the stock in a research report on Friday, April 4th. Three equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the company's stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and a consensus price target of $185.00.

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.