Assenagon Asset Management S.A. Sells 7,963 Shares of Insight Enterprises, Inc. (NASDAQ:NSIT)

Assenagon Asset Management S.A. reduced its holdings in shares of Insight Enterprises, Inc. (NASDAQ:NSIT - Free Report) by 36.1% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 14,102 shares of the software maker's stock after selling 7,963 shares during the quarter. Assenagon Asset Management S.A.'s holdings in Insight Enterprises were worth $2,145,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors also recently made changes to their positions in NSIT. GAMMA Investing LLC boosted its holdings in shares of Insight Enterprises by 72.6% during the third quarter. GAMMA Investing LLC now owns 780 shares of the software maker's stock worth $168,000 after purchasing an additional 328 shares during the last quarter. Coldstream Capital Management Inc. purchased a new stake in Insight Enterprises in the third quarter valued at approximately $203,000. Huntington National Bank increased its position in Insight Enterprises by 7.3% during the third quarter. Huntington National Bank now owns 995 shares of the software maker's stock worth $214,000 after purchasing an additional 68 shares during the last quarter. Atria Investments Inc purchased a new stake in Insight Enterprises during the third quarter valued at about $215,000. Finally, Iowa State Bank acquired a new stake in Insight Enterprises during the third quarter worth about $215,000.

Insight Enterprises Stock Performance

Shares of Insight Enterprises stock traded up $1.41 during trading on Thursday, hitting $174.13. 468,675 shares of the stock were exchanged, compared to its average volume of 362,470. The stock's fifty day moving average is $157.25 and its 200 day moving average is $188.16. The stock has a market cap of $5.53 billion, a PE ratio of 21.90, a P/E/G ratio of 1.37 and a beta of 1.42. The company has a debt-to-equity ratio of 0.43, a quick ratio of 1.20 and a current ratio of 1.24. Insight Enterprises, Inc. has a 12 month low of $146.56 and a 12 month high of $228.07.

Insight Enterprises (NASDAQ:NSIT - Get Free Report) last released its quarterly earnings results on Thursday, October 31st. The software maker reported $2.19 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.37 by ($0.18). Insight Enterprises had a return on equity of 19.71% and a net margin of 3.42%. The business had revenue of $2.09 billion during the quarter, compared to the consensus estimate of $2.34 billion. During the same period in the previous year, the company posted $2.37 EPS. The company's revenue for the quarter was down 7.9% compared to the same quarter last year. As a group, sell-side analysts anticipate that Insight Enterprises, Inc. will post 9.55 EPS for the current year.

Analyst Ratings Changes

Several equities analysts recently weighed in on NSIT shares. Barrington Research reduced their target price on shares of Insight Enterprises from $225.00 to $205.00 and set an "outperform" rating on the stock in a report on Monday, November 4th. Redburn Atlantic started coverage on Insight Enterprises in a report on Friday, November 15th. They set a "buy" rating and a $220.00 price objective on the stock. Three analysts have rated the stock with a hold rating and two have given a buy rating to the company's stock. Based on data from MarketBeat, the company presently has a consensus rating of "Hold" and an average target price of $212.50.

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.