Principal Financial Group Inc. Sells 6,068 Shares of Insight Enterprises, Inc. (NASDAQ:NSIT)

Principal Financial Group Inc. lowered its holdings in shares of Insight Enterprises, Inc. (NASDAQ:NSIT - Free Report) by 4.1% in the third quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 141,891 shares of the software maker's stock after selling 6,068 shares during the period. Principal Financial Group Inc. owned about 0.45% of Insight Enterprises worth $30,562,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of NSIT. F M Investments LLC acquired a new stake in shares of Insight Enterprises during the 2nd quarter valued at $17,258,000. Charles Schwab Investment Management Inc. grew its holdings in shares of Insight Enterprises by 30.1% during the third quarter. Charles Schwab Investment Management Inc. now owns 368,951 shares of the software maker's stock worth $79,468,000 after purchasing an additional 85,428 shares during the last quarter. Renaissance Technologies LLC acquired a new position in shares of Insight Enterprises in the second quarter valued at approximately $9,199,000. Bank of New York Mellon Corp raised its holdings in Insight Enterprises by 14.7% in the 2nd quarter. Bank of New York Mellon Corp now owns 286,297 shares of the software maker's stock valued at $56,790,000 after buying an additional 36,790 shares during the last quarter. Finally, Barclays PLC boosted its position in Insight Enterprises by 178.3% during the 3rd quarter. Barclays PLC now owns 56,402 shares of the software maker's stock worth $12,150,000 after buying an additional 36,132 shares during the period.

Insight Enterprises Trading Down 0.2 %

Shares of NSIT stock traded down $0.35 during mid-day trading on Wednesday, hitting $154.00. The company's stock had a trading volume of 129,440 shares, compared to its average volume of 259,274. Insight Enterprises, Inc. has a 52 week low of $146.56 and a 52 week high of $228.07. 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's fifty day simple moving average is $171.74 and its 200-day simple moving average is $194.18. The company has a market cap of $4.89 billion, a PE ratio of 19.37, a P/E/G ratio of 1.39 and a beta of 1.42.

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

Analyst Ratings Changes

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

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.