Capital Research Global Investors Sells 261,702 Shares of Insight Enterprises, Inc. (NASDAQ:NSIT)

Capital Research Global Investors lowered its position in shares of Insight Enterprises, Inc. (NASDAQ:NSIT - Free Report) by 25.3% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 773,888 shares of the software maker's stock after selling 261,702 shares during the quarter. Capital Research Global Investors owned about 2.44% of Insight Enterprises worth $117,708,000 as of its most recent SEC filing.

Other large investors have also recently bought and sold shares of the company. Pacer Advisors Inc. grew its stake in Insight Enterprises by 26.6% during the fourth quarter. Pacer Advisors Inc. now owns 1,073,262 shares of the software maker's stock worth $163,243,000 after purchasing an additional 225,283 shares during the period. Dimensional Fund Advisors LP grew its position in shares of Insight Enterprises by 0.4% during the 4th quarter. Dimensional Fund Advisors LP now owns 821,409 shares of the software maker's stock worth $124,934,000 after buying an additional 2,944 shares during the period. Massachusetts Financial Services Co. MA bought a new stake in shares of Insight Enterprises in the 4th quarter valued at $57,380,000. Norges Bank acquired a new position in shares of Insight Enterprises during the 4th quarter valued at $47,585,000. Finally, Wellington Management Group LLP boosted its stake in Insight Enterprises by 65.7% during the fourth quarter. Wellington Management Group LLP now owns 270,797 shares of the software maker's stock worth $41,188,000 after acquiring an additional 107,397 shares in the last quarter.

Insight Enterprises Stock Up 0.7 %

Shares of NSIT traded up $1.03 on Friday, reaching $138.61. The company's stock had a trading volume of 154,513 shares, compared to its average volume of 311,248. Insight Enterprises, Inc. has a twelve month low of $126.10 and a twelve month high of $228.07. The stock has a market capitalization of $4.40 billion, a PE ratio of 21.26, a PEG ratio of 1.40 and a beta of 1.31. The company has a current ratio of 1.18, a quick ratio of 1.15 and a debt-to-equity ratio of 0.30. The firm has a fifty day moving average of $147.52 and a 200-day moving average of $163.24.

Insight Enterprises (NASDAQ:NSIT - Get Free Report) last issued its quarterly earnings data 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 return on equity of 18.95% and a net margin of 2.87%. During the same period in the prior year, the firm earned $2.98 earnings per share. Equities analysts predict that Insight Enterprises, Inc. will post 9.89 EPS for the current year.

Analyst Upgrades and Downgrades

Several brokerages have recently weighed in on NSIT. Barrington Research dropped their price objective on shares of Insight Enterprises from $205.00 to $164.00 and set an "outperform" rating on the stock in a report on Friday, April 4th. JPMorgan Chase & Co. cut their price target on Insight Enterprises from $193.00 to $156.00 and set a "neutral" rating on the stock in a report on Thursday, April 17th. Three analysts have rated the stock with a hold rating and two have issued a buy rating to the company's stock. According to MarketBeat.com, the company has a consensus rating of "Hold" and a consensus price target of $185.00.

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.