Quest Partners LLC Sells 5,258 Shares of Insight Enterprises, Inc. (NASDAQ:NSIT)

Quest Partners LLC trimmed its stake in shares of Insight Enterprises, Inc. (NASDAQ:NSIT - Free Report) by 94.4% during the third quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 310 shares of the software maker's stock after selling 5,258 shares during the quarter. Quest Partners LLC's holdings in Insight Enterprises were worth $67,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in NSIT. Thrivent Financial for Lutherans boosted its holdings in Insight Enterprises by 0.4% in the 3rd quarter. Thrivent Financial for Lutherans now owns 192,551 shares of the software maker's stock valued at $41,474,000 after purchasing an additional 709 shares during the period. Huntington National Bank raised its position in shares of Insight Enterprises by 7.3% in the third quarter. Huntington National Bank now owns 995 shares of the software maker's stock worth $214,000 after buying an additional 68 shares in the last quarter. Oppenheimer Asset Management Inc. bought a new stake in Insight Enterprises during the third quarter valued at $227,000. Aigen Investment Management LP purchased a new position in Insight Enterprises during the third quarter worth about $671,000. Finally, Entropy Technologies LP bought a new position in Insight Enterprises in the 3rd quarter worth about $253,000.

Insight Enterprises Price Performance

NASDAQ:NSIT traded up $0.17 during mid-day trading on Friday, reaching $156.45. The stock had a trading volume of 197,444 shares, compared to its average volume of 466,829. The stock has a market capitalization of $4.97 billion, a P/E ratio of 19.68, a P/E/G ratio of 1.37 and a beta of 1.48. The firm has a 50 day moving average price of $191.03 and a two-hundred day moving average price of $199.48. The company has a debt-to-equity ratio of 0.43, a quick ratio of 1.20 and a current ratio of 1.24. Insight Enterprises, Inc. has a one year low of $146.56 and a one year high of $228.07.

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

Analyst Ratings Changes

Several brokerages have recently commented on NSIT. Barrington Research cut their price objective on 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 assumed coverage on shares of Insight Enterprises in a research note on Friday, November 15th. They issued a "buy" rating and a $220.00 price target for the company. Three research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and an average price target 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.