Bridgewater Associates LP Sells 38,858 Shares of Insight Enterprises, Inc. (NASDAQ:NSIT)

Bridgewater Associates LP cut its holdings in shares of Insight Enterprises, Inc. (NASDAQ:NSIT - Free Report) by 52.4% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 35,294 shares of the software maker's stock after selling 38,858 shares during the quarter. Bridgewater Associates LP owned about 0.11% of Insight Enterprises worth $7,602,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of the business. Charles Schwab Investment Management Inc. raised its stake in shares of Insight Enterprises by 30.1% in the third quarter. Charles Schwab Investment Management Inc. now owns 368,951 shares of the software maker's stock valued at $79,468,000 after purchasing an additional 85,428 shares in the last quarter. Bank of New York Mellon Corp raised its stake in shares of Insight Enterprises by 14.7% in the 2nd quarter. Bank of New York Mellon Corp now owns 286,297 shares of the software maker's stock valued at $56,790,000 after buying an additional 36,790 shares in the last quarter. Thrivent Financial for Lutherans lifted its holdings in shares of Insight Enterprises by 0.4% during the 3rd quarter. Thrivent Financial for Lutherans now owns 192,551 shares of the software maker's stock worth $41,474,000 after acquiring an additional 709 shares during the period. Country Trust Bank lifted its holdings in shares of Insight Enterprises by 0.5% during the 2nd quarter. Country Trust Bank now owns 160,057 shares of the software maker's stock worth $31,749,000 after acquiring an additional 830 shares during the period. Finally, F M Investments LLC bought a new position in shares of Insight Enterprises during the 2nd quarter worth about $17,258,000.

Analyst Ratings Changes

A number of research firms have recently commented on NSIT. JPMorgan Chase & Co. reduced their price objective on shares of Insight Enterprises from $233.00 to $225.00 and set a "neutral" rating for the company in a report on Friday, August 2nd. Redburn Atlantic started coverage on shares of Insight Enterprises in a report on Friday, November 15th. They set a "buy" rating and a $220.00 price target for the company. Finally, Barrington Research cut their price target on shares of Insight Enterprises from $225.00 to $205.00 and set an "outperform" rating for the company in a report on Monday, November 4th. Three research analysts have rated the stock with a hold rating and two have given a buy rating to the company. Based on data from MarketBeat.com, Insight Enterprises presently has a consensus rating of "Hold" and a consensus price target of $212.50.

Insight Enterprises Trading Up 0.1 %

Shares of NASDAQ:NSIT traded up $0.17 during trading on Friday, hitting $156.45. 197,444 shares of the company's stock were exchanged, compared to its average volume of 247,047. Insight Enterprises, Inc. has a 1-year low of $146.56 and a 1-year high of $228.07. The firm has a 50-day moving average price of $192.18 and a two-hundred day moving average price of $199.85. The company has a current ratio of 1.24, a quick ratio of 1.20 and a debt-to-equity ratio of 0.43. The firm has a market cap of $4.97 billion, a P/E ratio of 19.68, a PEG ratio of 1.36 and a beta of 1.48.

Insight Enterprises (NASDAQ:NSIT - Get Free Report) last released its quarterly earnings data on Thursday, October 31st. The software maker reported $2.19 earnings per share 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 firm had revenue of $2.09 billion for the quarter, compared to the consensus estimate of $2.34 billion. During the same period in the previous year, the business earned $2.37 EPS. The firm's revenue was down 7.9% compared to the same quarter last year. Equities analysts predict that Insight Enterprises, Inc. will post 9.55 earnings per share for the current year.

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.