Insight Enterprises, Inc. (NASDAQ:NSIT) Shares Sold by State of Alaska Department of Revenue

State of Alaska Department of Revenue trimmed its position in Insight Enterprises, Inc. (NASDAQ:NSIT) by 2.9% during the 4th quarter, HoldingsChannel reports. The institutional investor owned 15,524 shares of the software maker’s stock after selling 468 shares during the quarter. State of Alaska Department of Revenue’s holdings in Insight Enterprises were worth $2,361,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of NSIT. Ritholtz Wealth Management boosted its holdings in Insight Enterprises by 6.0% in the 3rd quarter. Ritholtz Wealth Management now owns 8,983 shares of the software maker’s stock worth $1,935,000 after buying an additional 509 shares during the last quarter. Procyon Advisors LLC acquired a new stake in Insight Enterprises in the 3rd quarter worth about $249,000. Creative Planning boosted its holdings in Insight Enterprises by 38.1% in the 3rd quarter. Creative Planning now owns 9,567 shares of the software maker’s stock worth $2,061,000 after buying an additional 2,637 shares during the last quarter. NBC Securities Inc. acquired a new stake in Insight Enterprises in the 3rd quarter worth about $465,000. Finally, One Wealth Advisors LLC lifted its stake in Insight Enterprises by 4.7% in the 3rd quarter. One Wealth Advisors LLC now owns 1,379 shares of the software maker’s stock worth $297,000 after purchasing an additional 62 shares in the last quarter.

Analyst Ratings Changes

A number of research analysts have weighed in on NSIT shares. Barrington Research decreased their target price 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. Redburn Atlantic started coverage on shares of Insight Enterprises in a research note on Friday, November 15th. They issued a “buy” rating and a $220.00 target price on the stock. Three investment analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $212.50.

Insight Enterprises Trading Up 0.1 %

NSIT opened at $167.60 on Tuesday. The firm has a market capitalization of $5.32 billion, a price-to-earnings ratio of 25.71, a price-to-earnings-growth ratio of 1.43 and a beta of 1.42. The company has a debt-to-equity ratio of 0.30, a current ratio of 1.18 and a quick ratio of 1.20. The company’s 50 day simple moving average is $161.98 and its two-hundred day simple moving average is $184.46. Insight Enterprises, Inc. has a 1-year low of $146.56 and a 1-year high of $228.07.

Insight Enterprises (NASDAQ:NSIT) last released its quarterly earnings results on Thursday, February 6th. The software maker reported $2.66 EPS for the quarter, beating 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 last year, the firm posted $2.98 EPS. Analysts expect that Insight Enterprises, Inc. will post 9.9 EPS for the current fiscal year.

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.