PNC Financial Services Group Inc. Has $330,000 Stock Holdings in Insight Enterprises, Inc. (NASDAQ:NSIT)

PNC Financial Services Group Inc. lessened its holdings in Insight Enterprises, Inc. (NASDAQ:NSIT - Free Report) by 53.3% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 2,168 shares of the software maker's stock after selling 2,471 shares during the period. PNC Financial Services Group Inc.'s holdings in Insight Enterprises were worth $330,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also modified their holdings of NSIT. Baron Wealth Management LLC lifted its position in Insight Enterprises by 3.8% in the 4th quarter. Baron Wealth Management LLC now owns 1,570 shares of the software maker's stock worth $239,000 after buying an additional 58 shares in the last quarter. Quantinno Capital Management LP raised its holdings in shares of Insight Enterprises by 2.0% during the third quarter. Quantinno Capital Management LP now owns 3,456 shares of the software maker's stock worth $744,000 after acquiring an additional 68 shares in the last quarter. J.Safra Asset Management Corp boosted its position 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 purchasing an additional 71 shares during the last quarter. Cornerstone Investment Partners LLC grew its stake in Insight Enterprises by 5.8% in the fourth quarter. Cornerstone Investment Partners LLC now owns 1,371 shares of the software maker's stock valued at $209,000 after purchasing an additional 75 shares in the last quarter. Finally, Romano Brothers AND Company increased its position in Insight Enterprises by 2.7% in the 4th quarter. Romano Brothers AND Company now owns 3,850 shares of the software maker's stock worth $586,000 after purchasing an additional 100 shares during the last quarter.

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Insight Enterprises Stock Down 2.8 %

Shares of NSIT traded down $4.46 during midday trading on Tuesday, reaching $155.96. 236,331 shares of the stock were exchanged, compared to its average volume of 285,212. The company has a market cap of $4.96 billion, a price-to-earnings ratio of 23.92, a P/E/G ratio of 1.40 and a beta of 1.40. The firm has a 50 day simple moving average of $162.78 and a 200-day simple moving average of $174.78. Insight Enterprises, Inc. has a 12-month low of $146.56 and a 12-month high of $228.07. 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 (NASDAQ:NSIT - Get Free Report) last posted 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 in the prior year, the business earned $2.98 EPS. Research analysts forecast that Insight Enterprises, Inc. will post 9.89 EPS for the current year.

About Insight Enterprises

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.