Geode Capital Management LLC Cuts Stake in Insight Enterprises, Inc. (NASDAQ:NSIT)

Geode Capital Management LLC reduced its position in Insight Enterprises, Inc. (NASDAQ:NSIT) by 2.4% during the 4th quarter, Holdings Channel.com reports. The firm owned 643,933 shares of the software maker’s stock after selling 15,550 shares during the period. Geode Capital Management LLC’s holdings in Insight Enterprises were worth $97,965,000 as of its most recent SEC filing.

A number of other large investors have also recently made changes to their positions in NSIT. Quantinno Capital Management LP grew its holdings in shares of Insight Enterprises by 2.0% during the third quarter. Quantinno Capital Management LP now owns 3,456 shares of the software maker’s stock valued at $744,000 after buying an additional 68 shares during the last quarter. Wolverine Trading LLC purchased a new stake in shares of Insight Enterprises during the third quarter valued at $479,000. Wellington Management Group LLP grew its holdings in shares of Insight Enterprises by 14.6% during the third quarter. Wellington Management Group LLP now owns 163,400 shares of the software maker’s stock valued at $35,195,000 after buying an additional 20,851 shares during the last quarter. Barclays PLC grew its holdings in shares of Insight Enterprises by 178.3% during the third quarter. Barclays PLC now owns 56,402 shares of the software maker’s stock valued at $12,150,000 after buying an additional 36,132 shares during the last quarter. Finally, Coldstream Capital Management Inc. purchased a new stake in shares of Insight Enterprises during the third quarter valued at $203,000.

Analyst Ratings Changes

Separately, Barrington Research lowered their price target on shares of Insight Enterprises from $205.00 to $164.00 and set an “outperform” rating on the stock in a report on Friday, April 4th. Three investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $202.25.

Insight Enterprises Price Performance

NASDAQ:NSIT opened at $138.88 on Thursday. Insight Enterprises, Inc. has a one year low of $126.10 and a one year high of $228.07. The company has a debt-to-equity ratio of 0.30, a quick ratio of 1.15 and a current ratio of 1.18. The firm has a market cap of $4.41 billion, a price-to-earnings ratio of 21.30, a PEG ratio of 1.40 and a beta of 1.31. The firm’s fifty day moving average is $155.14 and its two-hundred day moving average is $168.99.

Insight Enterprises (NASDAQ:NSIT) last issued its quarterly earnings data on Thursday, February 6th. The software maker reported $2.66 earnings per share for the quarter, topping analysts’ consensus estimates 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 period in the prior year, the company earned $2.98 earnings per share. Research analysts expect that Insight Enterprises, Inc. will post 9.89 EPS for the current year.

Insight Enterprises 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.