California Public Employees Retirement System Sells 6,155 Shares of Insight Enterprises, Inc. (NASDAQ:NSIT)

California Public Employees Retirement System reduced its stake in shares of Insight Enterprises, Inc. (NASDAQ:NSIT - Free Report) by 4.4% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 133,972 shares of the software maker's stock after selling 6,155 shares during the period. California Public Employees Retirement System owned 0.42% of Insight Enterprises worth $20,377,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently made changes to their positions in the stock. Golden State Wealth Management LLC bought a new stake in shares of Insight Enterprises during the 4th quarter worth $32,000. R Squared Ltd acquired a new position in Insight Enterprises during the 4th quarter worth $33,000. J.Safra Asset Management Corp boosted its holdings in Insight Enterprises by 40.8% during the fourth quarter. J.Safra Asset Management Corp now owns 245 shares of the software maker's stock valued at $37,000 after acquiring an additional 71 shares during the period. Smartleaf Asset Management LLC grew its position in shares of Insight Enterprises by 287.7% in the fourth 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 shares of Insight Enterprises by 25.8% in the fourth quarter. Blue Trust Inc. now owns 677 shares of the software maker's stock worth $103,000 after purchasing an additional 139 shares during the period.

Analyst Upgrades and Downgrades

Separately, Barrington Research decreased their target price on Insight Enterprises from $205.00 to $164.00 and set an "outperform" rating for the company in a research note on Friday. Three investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. According to data from MarketBeat, the stock has an average rating of "Hold" and an average target price of $202.25.

Remove Ads

Insight Enterprises Stock Performance

Shares of NASDAQ:NSIT traded up $2.51 on Tuesday, hitting $134.02. 62,181 shares of the company were exchanged, compared to its average volume of 410,629. The company's 50 day moving average price is $158.25 and its two-hundred day moving average price is $170.60. The firm has a market capitalization of $4.26 billion, a price-to-earnings ratio of 20.55, a PEG ratio of 1.40 and a beta of 1.31. 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, Inc. has a one year low of $126.32 and a one year high of $228.07.

Insight Enterprises (NASDAQ:NSIT - Get Free Report) last posted its quarterly earnings results on Thursday, February 6th. The software maker reported $2.66 EPS for the quarter, beating 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 previous year, the business posted $2.98 earnings per share. Research analysts expect that Insight Enterprises, Inc. will post 9.89 earnings per share for the current 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.