Edgestream Partners L.P. Sells 6,069 Shares of Insight Enterprises, Inc. (NASDAQ:NSIT)

Edgestream Partners L.P. lessened its holdings in shares of Insight Enterprises, Inc. (NASDAQ:NSIT - Free Report) by 21.8% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 21,757 shares of the software maker's stock after selling 6,069 shares during the quarter. Edgestream Partners L.P. owned about 0.07% of Insight Enterprises worth $3,309,000 at the end of the most recent reporting period.

A number of other hedge funds have also bought and sold shares of NSIT. Geode Capital Management LLC grew its position in shares of Insight Enterprises by 1.7% in the third quarter. Geode Capital Management LLC now owns 659,483 shares of the software maker's stock valued at $142,073,000 after purchasing an additional 10,711 shares in the last quarter. EULAV Asset Management lifted its stake in Insight Enterprises by 7.2% in the 3rd quarter. EULAV Asset Management now owns 49,879 shares of the software maker's stock worth $10,743,000 after purchasing an additional 3,359 shares in the last quarter. Alberta Investment Management Corp bought a new position in shares of Insight Enterprises in the fourth quarter worth $2,494,000. Principal Financial Group Inc. raised its position in shares of Insight Enterprises by 1.2% in the fourth quarter. Principal Financial Group Inc. now owns 143,544 shares of the software maker's stock worth $21,833,000 after buying an additional 1,653 shares in the last quarter. Finally, Barclays PLC boosted its stake in Insight Enterprises by 178.3% during the third quarter. Barclays PLC now owns 56,402 shares of the software maker's stock valued at $12,150,000 after buying an additional 36,132 shares during the period.

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Analysts Set New Price Targets

Separately, Redburn Atlantic assumed coverage on Insight Enterprises in a research report on Friday, November 15th. They set a "buy" rating and a $220.00 price target for the company. Three investment analysts have rated the stock with a hold rating and two have issued a buy rating to the company's stock. Based on data from MarketBeat, Insight Enterprises has a consensus rating of "Hold" and a consensus target price of $212.50.

Insight Enterprises Price Performance

Shares of Insight Enterprises stock traded down $2.65 during trading on Wednesday, hitting $151.89. 656,605 shares of the stock traded hands, compared to its average volume of 279,210. The stock has a market cap of $4.83 billion, a price-to-earnings ratio of 23.30, a PEG ratio of 1.40 and a beta of 1.40. The company has a quick ratio of 1.15, a current ratio of 1.18 and a debt-to-equity ratio of 0.30. Insight Enterprises, Inc. has a 52 week low of $146.56 and a 52 week high of $228.07. The firm's fifty day moving average is $162.81 and its 200-day moving average is $178.38.

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, beating analysts' consensus estimates 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 company earned $2.98 EPS. Research analysts expect that Insight Enterprises, Inc. will post 9.89 EPS for the current fiscal 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.