New York State Teachers Retirement System Reduces Position in Insight Enterprises, Inc. (NASDAQ:NSIT)

New York State Teachers Retirement System cut its stake in Insight Enterprises, Inc. (NASDAQ:NSIT - Free Report) by 16.8% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 42,878 shares of the software maker's stock after selling 8,655 shares during the quarter. New York State Teachers Retirement System owned about 0.13% of Insight Enterprises worth $7,598,000 as of its most recent SEC filing.

A number of other institutional investors also recently bought and sold shares of NSIT. International Assets Investment Management LLC bought a new stake in shares of Insight Enterprises during the fourth quarter worth $94,000. Arizona State Retirement System lifted its position in shares of Insight Enterprises by 11.2% during the fourth quarter. Arizona State Retirement System now owns 8,950 shares of the software maker's stock worth $1,586,000 after purchasing an additional 900 shares during the last quarter. Fifth Third Bancorp lifted its position in shares of Insight Enterprises by 1,230.3% during the fourth quarter. Fifth Third Bancorp now owns 1,450 shares of the software maker's stock worth $257,000 after purchasing an additional 1,341 shares during the last quarter. Blue Trust Inc. lifted its position in shares of Insight Enterprises by 13.2% during the fourth quarter. Blue Trust Inc. now owns 550 shares of the software maker's stock worth $97,000 after purchasing an additional 64 shares during the last quarter. Finally, Ritholtz Wealth Management lifted its position in shares of Insight Enterprises by 12.2% during the fourth quarter. Ritholtz Wealth Management now owns 7,935 shares of the software maker's stock worth $1,406,000 after purchasing an additional 865 shares during the last quarter.

Insight Enterprises Stock Down 0.8 %

Shares of Insight Enterprises stock traded down $1.40 during trading on Friday, hitting $182.67. 175,990 shares of the stock traded hands, compared to its average volume of 239,422. The firm has a market cap of $5.94 billion, a P/E ratio of 24.19, a price-to-earnings-growth ratio of 1.33 and a beta of 1.51. The company has a current ratio of 1.28, a quick ratio of 1.23 and a debt-to-equity ratio of 0.34. Insight Enterprises, Inc. has a 52-week low of $117.99 and a 52-week high of $194.57. The stock's fifty day simple moving average is $185.50 and its 200 day simple moving average is $170.53.

Insight Enterprises (NASDAQ:NSIT - Get Free Report) last posted its earnings results on Thursday, February 15th. The software maker reported $2.98 earnings per share (EPS) for the quarter, missing the consensus estimate of $3.04 by ($0.06). Insight Enterprises had a net margin of 3.07% and a return on equity of 20.64%. The company had revenue of $2.24 billion during the quarter, compared to analysts' expectations of $2.41 billion. During the same quarter last year, the firm earned $2.53 EPS. Insight Enterprises's revenue for the quarter was down 10.7% on a year-over-year basis. On average, equities analysts predict that Insight Enterprises, Inc. will post 10.59 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several analysts have recently weighed in on NSIT shares. JPMorgan Chase & Co. lifted their target price on Insight Enterprises from $188.00 to $193.00 and gave the stock a "neutral" rating in a research report on Thursday. Barrington Research restated an "outperform" rating and set a $211.00 price target on shares of Insight Enterprises in a research note on Tuesday, March 5th. Finally, StockNews.com lowered Insight Enterprises from a "buy" rating to a "hold" rating in a research note on Friday, January 26th.

Insider Buying and Selling at Insight Enterprises

In other Insight Enterprises news, insider Samuel C. Cowley sold 7,278 shares of Insight Enterprises stock in a transaction dated Tuesday, February 27th. The stock was sold at an average price of $187.62, for a total value of $1,365,498.36. Following the transaction, the insider now owns 23,009 shares in the company, valued at $4,316,948.58. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In other Insight Enterprises news, CAO Rachael Ann Bertrandt Crump sold 1,850 shares of the firm's stock in a transaction dated Thursday, February 22nd. The stock was sold at an average price of $182.67, for a total value of $337,939.50. Following the completion of the sale, the chief accounting officer now owns 4,436 shares of the company's stock, valued at $810,324.12. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, insider Samuel C. Cowley sold 7,278 shares of the firm's stock in a transaction dated Tuesday, February 27th. The stock was sold at an average price of $187.62, for a total value of $1,365,498.36. Following the completion of the sale, the insider now directly owns 23,009 shares of the company's stock, valued at approximately $4,316,948.58. The disclosure for this sale can be found here. Insiders have sold 20,918 shares of company stock worth $3,888,203 over the last quarter. Insiders own 1.02% of the company's stock.

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.