Principal Financial Group Inc. Reduces Stock Position in Insight Enterprises, Inc. (NASDAQ:NSIT)

Principal Financial Group Inc. cut its stake in shares of Insight Enterprises, Inc. (NASDAQ:NSIT - Free Report) by 4.1% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 141,891 shares of the software maker's stock after selling 6,068 shares during the quarter. Principal Financial Group Inc. owned 0.44% of Insight Enterprises worth $30,562,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also recently made changes to their positions in the company. Xponance Inc. raised its position in shares of Insight Enterprises by 2.5% in the second quarter. Xponance Inc. now owns 2,114 shares of the software maker's stock worth $419,000 after acquiring an additional 52 shares during the period. Tevis Investment Management raised its position in Insight Enterprises by 3.5% in the 2nd quarter. Tevis Investment Management now owns 1,774 shares of the software maker's stock valued at $352,000 after purchasing an additional 60 shares during the last quarter. One Wealth Advisors LLC increased its holdings in shares of Insight Enterprises by 4.7% in the 3rd quarter. One Wealth Advisors LLC now owns 1,379 shares of the software maker's stock valued at $297,000 after purchasing an additional 62 shares in the last quarter. Hanseatic Management Services Inc. increased its position in Insight Enterprises by 1.8% during the second quarter. Hanseatic Management Services Inc. now owns 3,854 shares of the software maker's stock worth $764,000 after buying an additional 69 shares in the last quarter. Finally, SummerHaven Investment Management LLC raised its stake in Insight Enterprises by 1.6% during the second quarter. SummerHaven Investment Management LLC now owns 5,020 shares of the software maker's stock worth $996,000 after purchasing an additional 77 shares during the period.

Wall Street Analysts Forecast Growth

Several equities research analysts recently weighed in on the stock. Stifel Nicolaus increased their target price on shares of Insight Enterprises from $192.00 to $200.00 and gave the company a "hold" rating in a research report on Wednesday, July 17th. JPMorgan Chase & Co. cut 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, Barrington Research reduced their price objective on shares of Insight Enterprises from $225.00 to $205.00 and set an "outperform" rating on the stock in a research note on Monday, November 4th.

Insight Enterprises Trading Down 3.6 %

Insight Enterprises stock traded down $6.04 during mid-day trading on Tuesday, hitting $161.40. The company's stock had a trading volume of 688,914 shares, compared to its average volume of 236,924. The company has a debt-to-equity ratio of 0.43, a quick ratio of 1.20 and a current ratio of 1.24. The company has a 50 day moving average of $205.54 and a 200-day moving average of $203.42. The stock has a market cap of $5.13 billion, a PE ratio of 21.06, a P/E/G ratio of 1.49 and a beta of 1.48. Insight Enterprises, Inc. has a one year low of $141.73 and a one year high of $228.07.

Insight Enterprises (NASDAQ:NSIT - Get Free Report) last released its quarterly earnings data on Thursday, October 31st. The software maker reported $2.19 earnings per share for the quarter, missing analysts' consensus estimates of $2.37 by ($0.18). The company had revenue of $2.09 billion for the quarter, compared to analyst estimates of $2.34 billion. Insight Enterprises had a return on equity of 19.71% and a net margin of 3.42%. The business's quarterly revenue was down 7.9% on a year-over-year basis. During the same period last year, the firm posted $2.37 EPS. On average, research analysts anticipate that Insight Enterprises, Inc. will post 9.55 EPS for the current year.

Insider Activity at Insight Enterprises

In other news, insider Jennifer M. Vasin sold 739 shares of the company's stock in a transaction dated Monday, August 19th. The shares were sold at an average price of $206.03, for a total value of $152,256.17. Following the completion of the sale, the insider now directly owns 5,460 shares of the company's stock, valued at approximately $1,124,923.80. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 1.23% of the stock is owned by corporate insiders.

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.