Insight Enterprises, Inc. (NASDAQ:NSIT) Shares Sold by LPL Financial LLC

LPL Financial LLC decreased its position in shares of Insight Enterprises, Inc. (NASDAQ:NSIT - Free Report) by 30.9% during the 4th quarter, according to its most recent disclosure with the SEC. The firm owned 5,540 shares of the software maker's stock after selling 2,472 shares during the period. LPL Financial LLC's holdings in Insight Enterprises were worth $843,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of NSIT. Golden State Wealth Management LLC bought a new stake in shares of Insight Enterprises in the fourth quarter worth $32,000. R Squared Ltd bought a new position in shares of Insight Enterprises in the fourth quarter valued at $33,000. J.Safra Asset Management Corp lifted its position in shares of Insight Enterprises by 40.8% in the 4th 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 in the last quarter. Smartleaf Asset Management LLC boosted its holdings in shares of Insight Enterprises by 287.7% during the fourth quarter. Smartleaf Asset Management LLC now owns 504 shares of the software maker's stock worth $76,000 after purchasing an additional 374 shares during the period. Finally, Blue Trust Inc. lifted its holdings in shares of Insight Enterprises by 25.8% during the 4th quarter. Blue Trust Inc. now owns 677 shares of the software maker's stock valued at $103,000 after buying an additional 139 shares during the last quarter.

Insight Enterprises Stock Up 0.6 %

Shares of NASDAQ:NSIT traded up $0.88 during trading on Friday, reaching $138.46. 74,679 shares of the stock were exchanged, compared to its average volume of 310,960. The company has a debt-to-equity ratio of 0.30, a current ratio of 1.18 and a quick ratio of 1.15. The firm has a market cap of $4.40 billion, a price-to-earnings ratio of 21.28, a price-to-earnings-growth ratio of 1.40 and a beta of 1.31. The stock has a fifty day moving average of $147.52 and a two-hundred day moving average of $163.24. Insight Enterprises, Inc. has a 1-year low of $126.10 and a 1-year high of $228.07.

Insight Enterprises (NASDAQ:NSIT - Get Free Report) last posted its 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 last year, the firm posted $2.98 EPS. Research analysts anticipate that Insight Enterprises, Inc. will post 9.89 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several equities research analysts have recently weighed in on the company. Barrington Research reduced their price objective on Insight Enterprises from $205.00 to $164.00 and set an "outperform" rating for the company in a research report on Friday, April 4th. JPMorgan Chase & Co. cut their price target on shares of Insight Enterprises from $193.00 to $156.00 and set a "neutral" rating on the stock in a research report on Thursday, April 17th. Three equities research 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 currently has an average rating of "Hold" and an average target price of $185.00.

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.