Los Angeles Capital Management LLC Sells 7,564 Shares of Insight Enterprises, Inc. (NASDAQ:NSIT)

Los Angeles Capital Management LLC lessened its holdings in shares of Insight Enterprises, Inc. (NASDAQ:NSIT) by 63.0% during the 3rd quarter, according to its most recent disclosure with the SEC. The fund owned 4,446 shares of the software maker’s stock after selling 7,564 shares during the period. Los Angeles Capital Management LLC’s holdings in Insight Enterprises were worth $958,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in NSIT. Xponance Inc. increased its holdings in shares of Insight Enterprises by 2.5% in the second quarter. Xponance Inc. now owns 2,114 shares of the software maker’s stock valued at $419,000 after purchasing an additional 52 shares in the last quarter. Tevis Investment Management lifted its position in Insight Enterprises by 3.5% during the 2nd quarter. Tevis Investment Management now owns 1,774 shares of the software maker’s stock valued at $352,000 after purchasing an additional 60 shares during the period. One Wealth Advisors LLC boosted its stake in shares of Insight Enterprises by 4.7% in the 3rd quarter. One Wealth Advisors LLC now owns 1,379 shares of the software maker’s stock valued at $297,000 after purchasing an additional 62 shares during the last quarter. Hanseatic Management Services Inc. grew its position in shares of Insight Enterprises by 1.8% during the 2nd quarter. Hanseatic Management Services Inc. now owns 3,854 shares of the software maker’s stock worth $764,000 after buying an additional 69 shares during the period. Finally, SummerHaven Investment Management LLC lifted its holdings in Insight Enterprises by 1.6% in the second quarter. SummerHaven Investment Management LLC now owns 5,020 shares of the software maker’s stock valued at $996,000 after buying an additional 77 shares during the period.

Insider Activity at Insight Enterprises

In related news, insider Jennifer M. Vasin sold 739 shares of the business’s stock in a transaction on Monday, August 19th. The shares were sold at an average price of $206.03, for a total value of $152,256.17. Following the sale, the insider now directly owns 5,460 shares of the company’s stock, valued at approximately $1,124,923.80. The trade was a 11.92 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 1.23% of the stock is owned by insiders.

Analysts Set New Price Targets

A number of analysts have commented on the stock. Barrington Research lowered their target price on shares of Insight Enterprises from $225.00 to $205.00 and set an “outperform” rating for the company in a report on Monday, November 4th. Redburn Atlantic started coverage on Insight Enterprises in a report on Friday. They issued a “buy” rating and a $220.00 price objective for the company. Finally, JPMorgan Chase & Co. reduced their target price on Insight Enterprises from $233.00 to $225.00 and set a “neutral” rating on the stock in a report on Friday, August 2nd. Three equities research analysts have rated the stock with a hold rating and two have given a buy rating to the stock. Based on data from MarketBeat, Insight Enterprises currently has an average rating of “Hold” and a consensus target price of $212.50.

Insight Enterprises Trading Down 0.7 %

Shares of NASDAQ NSIT opened at $151.50 on Friday. Insight Enterprises, Inc. has a twelve month low of $147.28 and a twelve month high of $228.07. The stock has a market cap of $4.81 billion, a price-to-earnings ratio of 19.06, a P/E/G ratio of 1.38 and a beta of 1.48. The company has a quick ratio of 1.20, a current ratio of 1.24 and a debt-to-equity ratio of 0.43. The company’s fifty day moving average is $201.83 and its 200-day moving average is $202.38.

Insight Enterprises (NASDAQ:NSIT) last posted its earnings results on Thursday, October 31st. The software maker reported $2.19 earnings per share for the quarter, missing the consensus estimate of $2.37 by ($0.18). Insight Enterprises had a return on equity of 19.71% and a net margin of 3.42%. The business had revenue of $2.09 billion for the quarter, compared to the consensus estimate of $2.34 billion. During the same quarter in the prior year, the firm posted $2.37 earnings per share. The business’s revenue was down 7.9% on a year-over-year basis. Equities research analysts predict that Insight Enterprises, Inc. will post 9.55 EPS for the current 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.