California Public Employees Retirement System Grows Stock Holdings in Insight Enterprises, Inc. (NASDAQ:NSIT)

California Public Employees Retirement System increased its stake in shares of Insight Enterprises, Inc. (NASDAQ:NSIT) by 4.3% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 148,845 shares of the software maker’s stock after purchasing an additional 6,157 shares during the period. California Public Employees Retirement System owned approximately 0.46% of Insight Enterprises worth $26,374,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also recently made changes to their positions in the company. Signaturefd LLC raised its holdings in shares of Insight Enterprises by 26.9% during the fourth quarter. Signaturefd LLC now owns 392 shares of the software maker’s stock valued at $69,000 after purchasing an additional 83 shares during the last quarter. Anchor Investment Management LLC purchased a new position in shares of Insight Enterprises during the fourth quarter valued at approximately $89,000. International Assets Investment Management LLC purchased a new position in shares of Insight Enterprises during the fourth quarter valued at approximately $94,000. Blue Trust Inc. increased its holdings in Insight Enterprises by 13.2% during the fourth quarter. Blue Trust Inc. now owns 550 shares of the software maker’s stock valued at $97,000 after buying an additional 64 shares during the last quarter. Finally, Arlington Trust Co LLC purchased a new stake in Insight Enterprises during the fourth quarter valued at approximately $150,000.

Insight Enterprises Stock Performance

NSIT opened at $182.75 on Friday. The firm has a market cap of $5.95 billion, a P/E ratio of 24.21, a PEG ratio of 1.33 and a beta of 1.51. Insight Enterprises, Inc. has a 1-year low of $117.99 and a 1-year high of $194.57. The company has a 50 day simple moving average of $184.61 and a two-hundred day simple moving average of $173.18. The company has a debt-to-equity ratio of 0.34, a current ratio of 1.28 and a quick ratio of 1.23.

Insight Enterprises (NASDAQ:NSIT) last posted its quarterly earnings results on Thursday, February 15th. The software maker reported $2.98 earnings per share for the quarter, missing analysts’ consensus estimates of $3.04 by ($0.06). The firm had revenue of $2.24 billion during the quarter, compared to the consensus estimate of $2.41 billion. Insight Enterprises had a return on equity of 20.64% and a net margin of 3.07%. The business’s revenue for the quarter was down 10.7% compared to the same quarter last year. During the same quarter in the previous year, the company earned $2.53 earnings per share. Equities analysts forecast that Insight Enterprises, Inc. will post 10.59 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other Insight Enterprises news, Director Richard E. Allen sold 10,000 shares of the company’s stock in a transaction that occurred on Tuesday, February 27th. The shares were sold at an average price of $185.34, for a total value of $1,853,400.00. Following the completion of the transaction, the director now directly owns 30,647 shares in the company, valued at $5,680,114.98. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. In related news, Director Richard E. Allen sold 10,000 shares of the company’s stock in a transaction on Tuesday, February 27th. The shares were sold at an average price of $185.34, for a total transaction of $1,853,400.00. Following the completion of the transaction, the director now owns 30,647 shares in the company, valued at $5,680,114.98. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider Samuel C. Cowley sold 7,278 shares of the company’s stock in a transaction on Tuesday, February 27th. The stock was sold at an average price of $187.62, for a total transaction of $1,365,498.36. Following the transaction, the insider now owns 23,009 shares of the company’s stock, valued at approximately $4,316,948.58. The disclosure for this sale can be found here. Insiders sold a total of 20,918 shares of company stock worth $3,888,203 over the last three months. 1.23% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

NSIT has been the subject of a number of research reports. Stifel Nicolaus upped their target price on shares of Insight Enterprises from $170.00 to $192.00 and gave the company a “hold” rating in a report on Monday, April 15th. JPMorgan Chase & Co. upped their target price on shares of Insight Enterprises from $188.00 to $193.00 and gave the company a “neutral” rating in a report on Thursday, April 11th. Barrington Research reaffirmed an “outperform” rating and set a $211.00 target price on shares of Insight Enterprises in a report on Tuesday, April 23rd. Finally, StockNews.com cut shares of Insight Enterprises from a “buy” rating to a “hold” rating in a report on Friday, January 26th.

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.