New York State Teachers Retirement System Has $4.71 Million Position in Insight Enterprises, Inc. (NASDAQ:NSIT)

New York State Teachers Retirement System trimmed its position in Insight Enterprises, Inc. (NASDAQ:NSIT - Free Report) by 16.0% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 30,960 shares of the software maker's stock after selling 5,918 shares during the quarter. New York State Teachers Retirement System owned approximately 0.10% of Insight Enterprises worth $4,709,000 at the end of the most recent quarter.

Other institutional investors also recently modified their holdings of the company. Hennessy Advisors Inc. bought a new position in shares of Insight Enterprises in the fourth quarter worth approximately $39,242,000. Pacer Advisors Inc. increased its holdings in shares of Insight Enterprises by 26.6% during the fourth quarter. Pacer Advisors Inc. now owns 1,073,262 shares of the software maker's stock valued at $163,243,000 after acquiring an additional 225,283 shares in the last quarter. Charles Schwab Investment Management Inc. increased its holdings in Insight Enterprises by 30.1% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 368,951 shares of the software maker's stock worth $79,468,000 after buying an additional 85,428 shares in the last quarter. WCM Investment Management LLC bought a new stake in Insight Enterprises in the 4th quarter worth about $10,643,000. Finally, Allspring Global Investments Holdings LLC grew its stake in shares of Insight Enterprises by 207.5% during the 4th quarter. Allspring Global Investments Holdings LLC now owns 103,926 shares of the software maker's stock valued at $15,522,000 after purchasing an additional 70,134 shares during the period.

Analysts Set New Price Targets

A number of research firms recently commented on NSIT. Redburn Atlantic began coverage on Insight Enterprises in a report on Friday, November 15th. They issued a "buy" rating and a $220.00 price target on the stock. Barrington Research decreased their price objective on Insight Enterprises from $225.00 to $205.00 and set an "outperform" rating for the company in a research note on Monday, November 4th. Three analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of "Hold" and a consensus price target of $212.50.

Insight Enterprises Stock Down 3.1 %

Insight Enterprises stock traded down $5.13 during trading on Friday, reaching $160.87. The stock had a trading volume of 320,969 shares, compared to its average volume of 380,805. 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 52-week low of $146.56 and a 52-week high of $228.07. The business has a 50 day moving average price of $162.78 and a 200 day moving average price of $182.30. The stock has a market cap of $5.11 billion, a PE ratio of 24.67, a P/E/G ratio of 1.41 and a beta of 1.42.

Insight Enterprises (NASDAQ:NSIT - Get Free Report) last issued its earnings results on Thursday, February 6th. The software maker reported $2.66 EPS for the quarter, topping the consensus estimate 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 company posted $2.98 EPS. On average, analysts predict that Insight Enterprises, Inc. will post 9.89 EPS 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.