LSV Asset Management Has $26.82 Million Stake in Insight Enterprises, Inc. (NASDAQ:NSIT)

LSV Asset Management decreased its holdings in shares of Insight Enterprises, Inc. (NASDAQ:NSIT) by 21.1% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 144,550 shares of the software maker’s stock after selling 38,630 shares during the quarter. LSV Asset Management owned 0.44% of Insight Enterprises worth $26,817,000 at the end of the most recent quarter.

Several other institutional investors have also recently bought and sold shares of the business. Texas Permanent School Fund Corp increased its stake in shares of Insight Enterprises by 1.3% in the first quarter. Texas Permanent School Fund Corp now owns 24,234 shares of the software maker’s stock valued at $4,496,000 after buying an additional 314 shares during the period. Janney Montgomery Scott LLC acquired a new position in shares of Insight Enterprises in the first quarter valued at approximately $431,000. BNP Paribas Financial Markets increased its stake in shares of Insight Enterprises by 22.9% in the first quarter. BNP Paribas Financial Markets now owns 37,925 shares of the software maker’s stock valued at $7,036,000 after buying an additional 7,067 shares during the period. Van ECK Associates Corp increased its stake in shares of Insight Enterprises by 36.5% in the first quarter. Van ECK Associates Corp now owns 11,658 shares of the software maker’s stock valued at $2,163,000 after buying an additional 3,118 shares during the period. Finally, Verdence Capital Advisors LLC acquired a new position in shares of Insight Enterprises in the first quarter valued at approximately $210,000.

Insiders Place Their Bets

In related news, insider Adrian P. Gregory sold 2,750 shares of the stock in a transaction on Wednesday, May 29th. The stock was sold at an average price of $195.83, for a total value of $538,532.50. Following the transaction, the insider now directly owns 3,447 shares in the company, valued at approximately $675,026.01. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. In related news, insider Adrian P. Gregory sold 2,750 shares of the stock in a transaction on Wednesday, May 29th. The stock was sold at an average price of $195.83, for a total value of $538,532.50. Following the transaction, the insider now directly owns 3,447 shares in the company, valued at approximately $675,026.01. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CEO Joyce A. Mullen sold 10,000 shares of the firm’s stock in a transaction on Thursday, May 9th. The shares were 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 owns 40,807 shares in the company, valued at $8,205,471.56. The disclosure for this sale can be found here. In the last three months, insiders have sold 462,750 shares of company stock worth $89,169,833. Corporate insiders own 1.23% of the company’s stock.

Analyst Ratings Changes

NSIT has been the subject of several recent research reports. StockNews.com downgraded Insight Enterprises from a “buy” rating to a “hold” rating in a research note on Friday, July 5th. Barrington Research increased their target price on shares of Insight Enterprises from $211.00 to $225.00 and gave the company an “outperform” rating in a research report on Thursday, May 9th. Stifel Nicolaus increased their target price on shares of Insight Enterprises from $170.00 to $192.00 and gave the company a “hold” rating in a research report on Monday, April 15th. Finally, JPMorgan Chase & Co. increased their target price on shares of Insight Enterprises from $193.00 to $195.00 and gave the company a “neutral” rating in a research report on Friday, May 3rd.

Insight Enterprises Trading Up 0.7 %

NASDAQ:NSIT traded up $1.40 on Friday, reaching $203.18. 151,487 shares of the stock traded hands, compared to its average volume of 221,692. The firm has a market capitalization of $6.62 billion, a price-to-earnings ratio of 25.56, a price-to-earnings-growth ratio of 1.52 and a beta of 1.49. Insight Enterprises, Inc. has a 1-year low of $131.59 and a 1-year high of $212.44. The company’s 50 day moving average is $201.21 and its 200-day moving average is $189.94. 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 posted its quarterly earnings results on Thursday, May 2nd. The software maker reported $2.37 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.82 by $0.55. The firm had revenue of $2.38 billion for the quarter, compared to analysts’ expectations of $2.30 billion. Insight Enterprises had a return on equity of 21.34% and a net margin of 3.23%. The company’s revenue for the quarter was up 2.4% compared to the same quarter last year. During the same period in the prior year, the business earned $1.78 EPS. Equities research analysts anticipate that Insight Enterprises, Inc. will post 10.78 EPS for the current fiscal year.

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.