Insight Enterprises, Inc. (NASDAQ:NSIT) Holdings Cut by Legal & General Group Plc

Legal & General Group Plc lowered its position in shares of Insight Enterprises, Inc. (NASDAQ:NSIT - Free Report) by 3.8% in the fourth quarter, according to the company in its most recent filing with the SEC. The firm owned 91,990 shares of the software maker's stock after selling 3,624 shares during the quarter. Legal & General Group Plc owned about 0.29% of Insight Enterprises worth $13,992,000 at the end of the most recent reporting period.

Other hedge funds have also modified their holdings of the company. Geode Capital Management LLC boosted its holdings in shares of Insight Enterprises by 1.7% in the 3rd quarter. Geode Capital Management LLC now owns 659,483 shares of the software maker's stock valued at $142,073,000 after acquiring an additional 10,711 shares during the last quarter. Alberta Investment Management Corp acquired a new stake in shares of Insight Enterprises in the fourth quarter worth approximately $2,494,000. Raymond James Financial Inc. purchased a new position in shares of Insight Enterprises in the fourth quarter worth about $532,000. Principal Financial Group Inc. increased its stake in shares of Insight Enterprises by 1.2% in the 4th quarter. Principal Financial Group Inc. now owns 143,544 shares of the software maker's stock worth $21,833,000 after acquiring an additional 1,653 shares during the last quarter. Finally, Rhumbline Advisers increased its holdings in shares of Insight Enterprises by 2.4% during the 4th quarter. Rhumbline Advisers now owns 82,198 shares of the software maker's stock worth $12,502,000 after buying an additional 1,925 shares during the last quarter.

Insight Enterprises Trading Down 1.3 %

Shares of NASDAQ:NSIT traded down $1.75 during midday trading on Monday, reaching $131.60. The company's stock had a trading volume of 18,646 shares, compared to its average volume of 308,684. The business has a 50 day moving average price of $150.11 and a 200 day moving average price of $164.85. 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 1 year low of $126.10 and a 1 year high of $228.07. The firm has a market cap of $4.18 billion, a price-to-earnings ratio of 20.24, a price-to-earnings-growth ratio of 1.40 and a beta of 1.31.

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

Wall Street Analyst Weigh In

NSIT has been the topic of several research reports. JPMorgan Chase & Co. decreased their target price on Insight Enterprises from $193.00 to $156.00 and set a "neutral" rating on the stock in a research note on Thursday. Barrington Research decreased their price objective on shares of Insight Enterprises from $205.00 to $164.00 and set an "outperform" rating for the company in a research note on Friday, April 4th. Three equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company. According to data from MarketBeat, Insight Enterprises presently has an average rating of "Hold" and a consensus target price 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.