Principal Financial Group Inc. Purchases 1,653 Shares of Insight Enterprises, Inc. (NASDAQ:NSIT)

Principal Financial Group Inc. raised its stake in Insight Enterprises, Inc. (NASDAQ:NSIT - Free Report) by 1.2% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 143,544 shares of the software maker's stock after buying an additional 1,653 shares during the period. Principal Financial Group Inc. owned 0.45% of Insight Enterprises worth $21,833,000 at the end of the most recent quarter.

Several other large investors have also recently modified their holdings of NSIT. Creative Planning increased its stake in Insight Enterprises by 38.1% in the third quarter. Creative Planning now owns 9,567 shares of the software maker's stock valued at $2,061,000 after purchasing an additional 2,637 shares in the last quarter. Assenagon Asset Management S.A. purchased a new stake in Insight Enterprises in the 3rd quarter valued at about $4,753,000. Wealth Enhancement Advisory Services LLC increased its stake in shares of Insight Enterprises by 10.0% during the 3rd quarter. Wealth Enhancement Advisory Services LLC now owns 1,182 shares of the software maker's stock worth $255,000 after purchasing an additional 107 shares during the last quarter. Tevis Investment Management increased its stake in shares of Insight Enterprises by 13.6% during the 3rd quarter. Tevis Investment Management now owns 2,015 shares of the software maker's stock worth $434,000 after purchasing an additional 241 shares during the last quarter. Finally, Harbor Capital Advisors Inc. increased its stake in shares of Insight Enterprises by 65.0% during the 3rd quarter. Harbor Capital Advisors Inc. now owns 23,578 shares of the software maker's stock worth $5,078,000 after purchasing an additional 9,289 shares during the last quarter.

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Insight Enterprises Price Performance

NASDAQ NSIT traded down $2.75 on Thursday, hitting $153.37. The company had a trading volume of 361,436 shares, compared to its average volume of 381,017. The company has a market capitalization of $4.87 billion, a PE ratio of 23.52, a PEG ratio of 1.40 and a beta of 1.42. The company's fifty day moving average price is $162.73 and its 200-day moving average price is $181.54. The company has a debt-to-equity ratio of 0.30, a current ratio of 1.18 and a quick ratio of 1.15. Insight Enterprises, Inc. has a 12-month low of $146.56 and a 12-month high of $228.07.

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

Analysts Set New Price Targets

Several research analysts have commented on NSIT shares. Barrington Research cut their price target on shares of Insight Enterprises from $225.00 to $205.00 and set an "outperform" rating for the company in a report on Monday, November 4th. Redburn Atlantic started coverage on shares of Insight Enterprises in a report on Friday, November 15th. They issued a "buy" rating and a $220.00 price target for the company. Three analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. Based on data from MarketBeat, Insight Enterprises presently has a consensus rating of "Hold" and a consensus price target of $212.50.

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.