SG Americas Securities LLC trimmed its position in Insight Enterprises, Inc. (NASDAQ:NSIT - Free Report) by 80.1% during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,083 shares of the software maker's stock after selling 4,360 shares during the period. SG Americas Securities LLC's holdings in Insight Enterprises were worth $233,000 as of its most recent SEC filing.
Several other institutional investors also recently bought and sold shares of NSIT. Opal Wealth Advisors LLC acquired a new stake in shares of Insight Enterprises in the 2nd quarter valued at approximately $38,000. GAMMA Investing LLC lifted its holdings in Insight Enterprises by 32.7% in the first quarter. GAMMA Investing LLC now owns 288 shares of the software maker's stock valued at $53,000 after acquiring an additional 71 shares during the period. EntryPoint Capital LLC purchased a new stake in shares of Insight Enterprises during the 1st quarter worth $89,000. Blue Trust Inc. grew its stake in shares of Insight Enterprises by 40.8% during the 2nd quarter. Blue Trust Inc. now owns 531 shares of the software maker's stock worth $99,000 after purchasing an additional 154 shares during the period. Finally, First Foundation Advisors acquired a new position in shares of Insight Enterprises during the 1st quarter worth $195,000.
Insiders Place Their Bets
In related news, insider Jennifer M. Vasin sold 739 shares of the stock in a transaction on Monday, August 19th. The stock was sold at an average price of $206.03, for a total value of $152,256.17. Following the transaction, the insider now directly owns 5,460 shares of the company's stock, valued at approximately $1,124,923.80. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Corporate insiders own 1.23% of the company's stock.
Insight Enterprises Price Performance
NSIT stock traded down $5.21 during trading on Tuesday, hitting $216.51. The stock had a trading volume of 467,358 shares, compared to its average volume of 222,359. The stock has a market cap of $7.05 billion, a price-to-earnings ratio of 27.23, a price-to-earnings-growth ratio of 1.75 and a beta of 1.45. The company has a debt-to-equity ratio of 0.36, a quick ratio of 1.19 and a current ratio of 1.22. The company's 50 day moving average price is $211.76 and its two-hundred day moving average price is $203.02. Insight Enterprises, Inc. has a 1-year low of $139.34 and a 1-year high of $228.07.
Insight Enterprises (NASDAQ:NSIT - Get Free Report) last posted its quarterly earnings data on Thursday, August 1st. The software maker reported $2.46 earnings per share for the quarter, missing analysts' consensus estimates of $2.82 by ($0.36). Insight Enterprises had a net margin of 3.38% and a return on equity of 20.38%. The firm had revenue of $2.16 billion during the quarter, compared to analyst estimates of $2.47 billion. During the same period in the prior year, the firm earned $2.56 EPS. The business's quarterly revenue was down 8.0% on a year-over-year basis. On average, sell-side analysts forecast that Insight Enterprises, Inc. will post 10.68 EPS for the current fiscal year.
Analyst Upgrades and Downgrades
NSIT has been the subject of a number of research analyst reports. StockNews.com cut Insight Enterprises from a "buy" rating to a "hold" rating in a research report on Friday, July 5th. Barrington Research restated an "outperform" rating and set a $225.00 target price on shares of Insight Enterprises in a research report on Friday, September 20th. JPMorgan Chase & Co. lowered their price target on shares of Insight Enterprises from $233.00 to $225.00 and set a "neutral" rating on the stock in a research report on Friday, August 2nd. Finally, Stifel Nicolaus lifted their price objective on Insight Enterprises from $192.00 to $200.00 and gave the stock a "hold" rating in a research report on Wednesday, July 17th.
Get Our Latest Stock Report on Insight Enterprises
Insight Enterprises Profile
(
Free Report)
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.
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