Insight Enterprises, Inc. (NASDAQ:NSIT) Shares Sold by T. Rowe Price Investment Management Inc.

T. Rowe Price Investment Management Inc. decreased its holdings in shares of Insight Enterprises, Inc. (NASDAQ:NSIT - Free Report) by 12.4% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 619,700 shares of the software maker's stock after selling 87,667 shares during the quarter. T. Rowe Price Investment Management Inc. owned about 1.95% of Insight Enterprises worth $94,257,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also made changes to their positions in the business. Alberta Investment Management Corp purchased a new stake in Insight Enterprises during the fourth quarter valued at about $2,494,000. Raymond James Financial Inc. purchased a new stake in Insight Enterprises during the 4th quarter worth $532,000. Principal Financial Group Inc. increased its holdings 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 in the last quarter. Rhumbline Advisers raised its position in Insight Enterprises by 2.4% in the fourth quarter. Rhumbline Advisers now owns 82,198 shares of the software maker's stock valued at $12,502,000 after purchasing an additional 1,925 shares during the period. Finally, New York Life Investment Management LLC acquired a new position in shares of Insight Enterprises during the fourth quarter worth about $449,000.

Analyst Upgrades and Downgrades

Several brokerages recently commented on NSIT. 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 report on Thursday, April 17th. Barrington Research reduced 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 analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. According to MarketBeat, the stock has an average rating of "Hold" and a consensus price target of $185.00.

Insight Enterprises Stock Down 2.0 %

Shares of NASDAQ:NSIT traded down $2.79 during midday trading on Wednesday, reaching $136.53. The company had a trading volume of 74,143 shares, compared to its average volume of 310,986. Insight Enterprises, Inc. has a one year low of $126.10 and a one year high of $228.07. 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 stock has a market capitalization of $4.36 billion, a P/E ratio of 20.94, a PEG ratio of 1.40 and a beta of 1.31. The stock's fifty day moving average price is $145.82 and its 200-day moving average price is $161.17.

Insight Enterprises (NASDAQ:NSIT - Get Free Report) last issued its quarterly earnings results on Thursday, February 6th. The software maker reported $2.66 EPS for the quarter, topping 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 previous year, the business earned $2.98 EPS. Equities research analysts expect that Insight Enterprises, Inc. will post 9.89 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.