182,002 Shares in Insight Enterprises, Inc. (NASDAQ:NSIT) Bought by Capital International Investors

Capital International Investors acquired a new position in shares of Insight Enterprises, Inc. (NASDAQ:NSIT) in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund acquired 182,002 shares of the software maker’s stock, valued at approximately $33,765,000.

A number of other institutional investors have also made changes to their positions in NSIT. Vaughan Nelson Investment Management L.P. grew its stake in Insight Enterprises by 3.8% in the fourth quarter. Vaughan Nelson Investment Management L.P. now owns 635,345 shares of the software maker’s stock valued at $112,577,000 after acquiring an additional 23,085 shares during the period. Prudential PLC acquired a new position in Insight Enterprises in the fourth quarter valued at about $1,394,000. Norges Bank acquired a new position in Insight Enterprises in the fourth quarter valued at about $58,687,000. Vanguard Group Inc. grew its stake in Insight Enterprises by 0.3% in the first quarter. Vanguard Group Inc. now owns 3,871,959 shares of the software maker’s stock valued at $718,326,000 after acquiring an additional 13,072 shares during the period. Finally, Okabena Investment Services Inc. acquired a new position in Insight Enterprises in the fourth quarter valued at about $1,407,000.

Analysts Set New Price Targets

A number of research analysts have issued reports on NSIT shares. Stifel Nicolaus boosted their target price on Insight Enterprises from $192.00 to $200.00 and gave the company a “hold” rating in a research note on Wednesday, July 17th. StockNews.com lowered Insight Enterprises from a “buy” rating to a “hold” rating in a report on Friday, July 5th. Barrington Research boosted their price target on Insight Enterprises from $211.00 to $225.00 and gave the company an “outperform” rating in a report on Thursday, May 9th. Finally, JPMorgan Chase & Co. boosted their price target on Insight Enterprises from $193.00 to $195.00 and gave the company a “neutral” rating in a report on Friday, May 3rd.

Insight Enterprises Stock Up 2.5 %

Shares of Insight Enterprises stock traded up $5.49 during trading on Friday, reaching $225.24. The stock had a trading volume of 170,179 shares, compared to its average volume of 219,539. The company has a market capitalization of $7.33 billion, a price-to-earnings ratio of 28.27, a P/E/G ratio of 1.68 and a beta of 1.49. The stock has a fifty day moving average price of $203.46 and a two-hundred day moving average price of $192.43. Insight Enterprises, Inc. has a 52 week low of $131.59 and a 52 week high of $226.39. The company has a current ratio of 1.27, a quick ratio of 1.22 and a debt-to-equity ratio of 0.31.

Insight Enterprises (NASDAQ:NSIT) last released its earnings results on Thursday, May 2nd. The software maker reported $2.37 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.82 by $0.55. Insight Enterprises had a return on equity of 21.34% and a net margin of 3.23%. The business had revenue of $2.38 billion for the quarter, compared to analyst estimates of $2.30 billion. During the same quarter in the prior year, the company posted $1.78 earnings per share. Insight Enterprises’s revenue was up 2.4% on a year-over-year basis. Sell-side analysts predict that Insight Enterprises, Inc. will post 10.78 EPS for the current fiscal year.

Insider Buying and Selling

In related news, Director Holdings L.P. Valueact sold 450,000 shares of the company’s stock in a transaction dated Wednesday, May 29th. The stock was sold at an average price of $192.49, for a total transaction of $86,620,500.00. Following the sale, the director now owns 4,061,739 shares in the company, valued at $781,844,140.11. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other Insight Enterprises news, Director Holdings L.P. Valueact sold 450,000 shares of the business’s stock in a transaction that occurred on Wednesday, May 29th. The stock was sold at an average price of $192.49, for a total transaction of $86,620,500.00. Following the transaction, the director now owns 4,061,739 shares of the company’s stock, valued at $781,844,140.11. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, CEO Joyce A. Mullen sold 10,000 shares of the business’s stock in a transaction that occurred on Thursday, May 9th. The stock was sold at an average price of $201.08, for a total value of $2,010,800.00. Following the transaction, the chief executive officer now directly owns 40,807 shares in the company, valued at approximately $8,205,471.56. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 462,750 shares of company stock worth $89,169,833. Corporate insiders own 1.23% of the company’s stock.

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.