Bailard Inc. Lowers Stock Holdings in Insight Enterprises, Inc. (NASDAQ:NSIT)

Bailard Inc. lessened its holdings in Insight Enterprises, Inc. (NASDAQ:NSIT - Free Report) by 16.6% during the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor owned 26,868 shares of the software maker's stock after selling 5,331 shares during the period. Bailard Inc. owned 0.08% of Insight Enterprises worth $4,087,000 as of its most recent SEC filing.

Other large investors have also added to or reduced their stakes in the company. Baron Wealth Management LLC boosted its position in Insight Enterprises by 3.8% during the 4th quarter. Baron Wealth Management LLC now owns 1,570 shares of the software maker's stock valued at $239,000 after acquiring an additional 58 shares in the last quarter. Huntington National Bank raised its stake in Insight Enterprises by 7.3% during the 3rd quarter. Huntington National Bank now owns 995 shares of the software maker's stock valued at $214,000 after buying an additional 68 shares during the last quarter. Quantinno Capital Management LP grew its position in shares of Insight Enterprises by 2.0% during the 3rd quarter. Quantinno Capital Management LP now owns 3,456 shares of the software maker's stock valued at $744,000 after acquiring an additional 68 shares during the period. Romano Brothers AND Company grew its position in shares of Insight Enterprises by 2.7% during the 4th quarter. Romano Brothers AND Company now owns 3,850 shares of the software maker's stock valued at $586,000 after acquiring an additional 100 shares during the period. Finally, Wealth Enhancement Advisory Services LLC boosted its holdings in Insight Enterprises by 10.0% in the 3rd quarter. Wealth Enhancement Advisory Services LLC now owns 1,182 shares of the software maker's stock worth $255,000 after buying an additional 107 shares during the period.

Remove Ads

Analyst Upgrades and Downgrades

Separately, Redburn Atlantic began coverage on shares of Insight Enterprises in a research note on Friday, November 15th. They issued a "buy" rating and a $220.00 price target on the stock. Three equities research analysts have rated the stock with a hold rating and two have given a buy rating to the stock. According to MarketBeat, the stock has an average rating of "Hold" and an average price target of $212.50.

Insight Enterprises Stock Performance

NASDAQ NSIT traded down $2.80 on Thursday, reaching $151.93. 232,218 shares of the company's stock traded hands, compared to its average volume of 384,513. The firm has a market cap of $4.83 billion, a price-to-earnings ratio of 23.30, a P/E/G ratio of 1.40 and a beta of 1.42. The stock has a 50 day moving average price of $162.53 and a 200-day moving average price of $180.04. Insight Enterprises, Inc. has a fifty-two week low of $146.56 and a fifty-two week high of $228.07. The company has a debt-to-equity ratio of 0.30, a quick ratio of 1.15 and a current ratio of 1.18.

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

Insight Enterprises Company 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.