Insight Enterprises, Inc. (NSIT) Shares Sold by Prudential Financial Inc.

Prudential Financial Inc. lessened its position in Insight Enterprises, Inc. (NASDAQ:NSIT) by 3.0% in the 3rd quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 310,069 shares of the software maker’s stock after selling 9,430 shares during the quarter. Prudential Financial Inc. owned approximately 0.87% of Insight Enterprises worth $14,238,000 as of its most recent filing with the SEC.

Several other large investors have also recently modified their holdings of NSIT. Royce & Associates LP purchased a new stake in shares of Insight Enterprises in the 2nd quarter valued at approximately $20,437,000. Thrivent Financial For Lutherans lifted its position in Insight Enterprises by 1,112.8% in the 2nd quarter. Thrivent Financial For Lutherans now owns 441,152 shares of the software maker’s stock worth $17,642,000 after buying an additional 404,777 shares in the last quarter. Bank of Montreal Can lifted its position in Insight Enterprises by 493.1% in the 2nd quarter. Bank of Montreal Can now owns 232,907 shares of the software maker’s stock worth $9,314,000 after buying an additional 193,638 shares in the last quarter. Paradigm Capital Management Inc. NY lifted its position in Insight Enterprises by 59.3% in the 2nd quarter. Paradigm Capital Management Inc. NY now owns 481,514 shares of the software maker’s stock worth $19,256,000 after buying an additional 179,214 shares in the last quarter. Finally, Vanguard Group Inc. lifted its position in Insight Enterprises by 4.6% in the 1st quarter. Vanguard Group Inc. now owns 3,242,716 shares of the software maker’s stock worth $133,243,000 after buying an additional 144,077 shares in the last quarter. Institutional investors and hedge funds own 95.67% of the company’s stock.

Shares of Insight Enterprises, Inc. (NSIT) opened at $36.37 on Tuesday. Insight Enterprises, Inc. has a 12-month low of $32.73 and a 12-month high of $53.19. The company has a debt-to-equity ratio of 0.65, a current ratio of 1.84 and a quick ratio of 1.59. The stock has a market cap of $1,309.64, a P/E ratio of 11.62 and a beta of 1.63.

Insight Enterprises (NASDAQ:NSIT) last released its earnings results on Tuesday, November 7th. The software maker reported $0.73 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.68 by $0.05. Insight Enterprises had a net margin of 1.53% and a return on equity of 14.90%. The company had revenue of $1.76 billion during the quarter, compared to the consensus estimate of $1.59 billion. During the same quarter in the prior year, the firm earned $0.62 EPS. The company’s revenue was up 26.2% compared to the same quarter last year. equities analysts expect that Insight Enterprises, Inc. will post 3.22 earnings per share for the current year.

A number of research firms have issued reports on NSIT. Zacks Investment Research downgraded shares of Insight Enterprises from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, October 4th. BidaskClub downgraded shares of Insight Enterprises from a “sell” rating to a “strong sell” rating in a research report on Tuesday, August 22nd. B. Riley reiterated a “neutral” rating and issued a $48.00 target price on shares of Insight Enterprises in a research report on Tuesday, August 1st. Stifel Nicolaus reiterated a “hold” rating and issued a $45.00 target price (up previously from $42.00) on shares of Insight Enterprises in a research report on Thursday, August 3rd. Finally, ValuEngine downgraded shares of Insight Enterprises from a “buy” rating to a “hold” rating in a research report on Wednesday, November 15th. Two investment analysts have rated the stock with a sell rating, three have assigned a hold rating and one has given a buy rating to the stock. Insight Enterprises presently has an average rating of “Hold” and a consensus price target of $51.00.

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Insight Enterprises Company Profile

Insight Enterprises, Inc is engaged in providing information technology (IT) hardware, software, and cloud and service solutions to business, government, healthcare and educational clients. The Company operates through three segments: North America, EMEA and APAC. North America comprises the United States and Canada; EMEA comprises Europe, the Middle East and Africa, and APAC comprises Asia Pacific.

Institutional Ownership by Quarter for Insight Enterprises (NASDAQ:NSIT)

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