Insight Enterprises, Inc. (NASDAQ:NSIT) Shares Sold by Geode Capital Management LLC

Geode Capital Management LLC lowered its stake in shares of Insight Enterprises, Inc. (NASDAQ:NSIT - Free Report) by 2.4% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 643,933 shares of the software maker's stock after selling 15,550 shares during the quarter. Geode Capital Management LLC owned about 2.03% of Insight Enterprises worth $97,965,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Golden State Wealth Management LLC acquired a new position in shares of Insight Enterprises in the 4th quarter valued at about $32,000. R Squared Ltd purchased a new stake in Insight Enterprises during the 4th quarter valued at about $33,000. J.Safra Asset Management Corp raised its holdings in shares of Insight Enterprises by 40.8% during the 4th quarter. J.Safra Asset Management Corp now owns 245 shares of the software maker's stock worth $37,000 after acquiring an additional 71 shares during the period. Smartleaf Asset Management LLC boosted its holdings in Insight Enterprises by 287.7% in the 4th quarter. Smartleaf Asset Management LLC now owns 504 shares of the software maker's stock valued at $76,000 after purchasing an additional 374 shares during the last quarter. Finally, Blue Trust Inc. increased its stake in Insight Enterprises by 25.8% during the fourth quarter. Blue Trust Inc. now owns 677 shares of the software maker's stock worth $103,000 after acquiring an additional 139 shares during the last quarter.

Analyst Ratings Changes

Separately, Barrington Research cut their price target on shares of Insight Enterprises from $205.00 to $164.00 and set an "outperform" rating on the stock in a research note on Friday, April 4th. Three investment analysts have rated the stock with a hold rating and two have issued a buy rating to the company. According to MarketBeat, the company currently has a consensus rating of "Hold" and an average target price of $202.25.

Remove Ads

Insight Enterprises Price Performance

Shares of NASDAQ:NSIT traded down $1.21 on Tuesday, reaching $134.76. 72,511 shares of the company were exchanged, compared to its average volume of 306,793. Insight Enterprises, Inc. has a 1-year low of $126.10 and a 1-year high of $228.07. 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 market cap of $4.28 billion, a price-to-earnings ratio of 20.69, a price-to-earnings-growth ratio of 1.40 and a beta of 1.31. The company has a 50-day moving average of $152.88 and a 200-day moving average of $167.09.

Insight Enterprises (NASDAQ:NSIT - Get Free Report) last announced its earnings results on Thursday, February 6th. The software maker reported $2.66 earnings per share (EPS) for the quarter, topping 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 last year, the company earned $2.98 EPS. Equities analysts forecast that Insight Enterprises, Inc. will post 9.89 earnings per share 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.