Insight Enterprises, Inc. (NASDAQ:NSIT) Shares Acquired by California Public Employees Retirement System

California Public Employees Retirement System grew its holdings in Insight Enterprises, Inc. (NASDAQ:NSIT - Free Report) by 4.3% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 148,845 shares of the software maker's stock after acquiring an additional 6,157 shares during the quarter. California Public Employees Retirement System owned 0.46% of Insight Enterprises worth $26,374,000 as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. Blue Trust Inc. lifted its position in 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 period. Amalgamated Bank lifted its position in Insight Enterprises by 0.6% during the third quarter. Amalgamated Bank now owns 13,219 shares of the software maker's stock worth $1,923,000 after purchasing an additional 73 shares during the period. Exchange Traded Concepts LLC lifted its position in Insight Enterprises by 0.8% during the fourth quarter. Exchange Traded Concepts LLC now owns 9,598 shares of the software maker's stock worth $1,701,000 after purchasing an additional 77 shares during the period. Signaturefd LLC lifted its position in Insight Enterprises by 26.9% during the fourth quarter. Signaturefd LLC now owns 392 shares of the software maker's stock worth $69,000 after purchasing an additional 83 shares during the period. Finally, Parkside Financial Bank & Trust lifted its holdings in shares of Insight Enterprises by 12.8% in the third quarter. Parkside Financial Bank & Trust now owns 887 shares of the software maker's stock worth $129,000 after acquiring an additional 101 shares during the last quarter.

Insider Transactions at Insight Enterprises

In related news, CAO Rachael Ann Bertrandt Crump sold 1,850 shares of the business's stock in a transaction on Thursday, February 22nd. The stock was sold at an average price of $182.67, for a total transaction of $337,939.50. Following the completion of the transaction, the chief accounting officer now owns 4,436 shares in the company, valued at approximately $810,324.12. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. In related news, CAO Rachael Ann Bertrandt Crump sold 1,850 shares of the company's stock in a transaction dated Thursday, February 22nd. The stock was sold at an average price of $182.67, for a total transaction of $337,939.50. Following the transaction, the chief accounting officer now directly owns 4,436 shares of the company's stock, valued at approximately $810,324.12. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, insider Samuel C. Cowley sold 7,278 shares of the company's stock in a transaction dated Tuesday, February 27th. The shares were sold at an average price of $187.62, for a total value of $1,365,498.36. Following the transaction, the insider now directly owns 23,009 shares in the company, valued at $4,316,948.58. The disclosure for this sale can be found here. In the last 90 days, insiders sold 20,918 shares of company stock worth $3,888,203. 1.23% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

A number of research firms have issued reports on NSIT. JPMorgan Chase & Co. increased their price target on Insight Enterprises from $188.00 to $193.00 and gave the stock a "neutral" rating in a report on Thursday, April 11th. Stifel Nicolaus raised their target price on Insight Enterprises from $170.00 to $192.00 and gave the company a "hold" rating in a research report on Monday, April 15th. Barrington Research reissued an "outperform" rating and issued a $211.00 price objective on shares of Insight Enterprises in a report on Tuesday, April 23rd. Finally, StockNews.com lowered Insight Enterprises from a "buy" rating to a "hold" rating in a report on Friday, January 26th.

Insight Enterprises Stock Up 0.1 %

Shares of NASDAQ NSIT traded up $0.18 during trading on Friday, reaching $182.75. The company had a trading volume of 153,708 shares, compared to its average volume of 178,325. Insight Enterprises, Inc. has a 12-month low of $117.99 and a 12-month high of $194.57. The stock has a market cap of $5.95 billion, a PE ratio of 24.21, a P/E/G ratio of 1.33 and a beta of 1.51. The business's 50-day moving average is $184.61 and its 200 day moving average is $173.35. The company has a quick ratio of 1.23, a current ratio of 1.28 and a debt-to-equity ratio of 0.34.

Insight Enterprises (NASDAQ:NSIT - Get Free Report) last announced 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 return on equity of 20.64% and a net margin of 3.07%. The firm had revenue of $2.24 billion during the quarter, compared to analysts' expectations of $2.41 billion. During the same period in the previous year, the business posted $2.53 earnings per share. The company's revenue for the quarter was down 10.7% on a year-over-year basis. As a group, equities analysts forecast that Insight Enterprises, Inc. will post 10.59 earnings per share for the current fiscal 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.