ClariVest Asset Management LLC Trims Position in Insight Enterprises, Inc. (NSIT)

ClariVest Asset Management LLC lessened its holdings in Insight Enterprises, Inc. (NASDAQ:NSIT) by 30.1% during the 3rd quarter, Holdings Channel reports. The firm owned 154,209 shares of the software maker’s stock after selling 66,300 shares during the period. ClariVest Asset Management LLC’s holdings in Insight Enterprises were worth $8,341,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also made changes to their positions in the stock. SG Americas Securities LLC purchased a new stake in shares of Insight Enterprises during the third quarter valued at $3,075,000. LSV Asset Management lifted its stake in Insight Enterprises by 9.4% in the third quarter. LSV Asset Management now owns 698,967 shares of the software maker’s stock worth $37,807,000 after acquiring an additional 59,767 shares during the period. Bessemer Group Inc. purchased a new stake in Insight Enterprises in the third quarter worth about $1,071,000. Stone Ridge Asset Management LLC lifted its stake in Insight Enterprises by 56.3% in the third quarter. Stone Ridge Asset Management LLC now owns 14,469 shares of the software maker’s stock worth $783,000 after acquiring an additional 5,213 shares during the period. Finally, Cambridge Investment Research Advisors Inc. purchased a new stake in Insight Enterprises in the third quarter worth about $828,000. Institutional investors own 96.77% of the company’s stock.

NSIT has been the subject of a number of research reports. Zacks Investment Research raised shares of Insight Enterprises from a “hold” rating to a “buy” rating and set a $58.00 price objective for the company in a research note on Wednesday, July 25th. B. Riley upped their price objective on shares of Insight Enterprises from $58.00 to $61.00 and gave the stock a “buy” rating in a research note on Thursday, August 2nd. BidaskClub raised shares of Insight Enterprises from a “buy” rating to a “strong-buy” rating in a research note on Wednesday, August 8th. Finally, ValuEngine lowered shares of Insight Enterprises from a “hold” rating to a “sell” rating in a research note on Wednesday, November 7th.

NASDAQ:NSIT opened at $45.82 on Friday. Insight Enterprises, Inc. has a 1-year low of $32.10 and a 1-year high of $56.86. The stock has a market capitalization of $1.60 billion, a P/E ratio of 10.98 and a beta of 1.19. The company has a quick ratio of 1.51, a current ratio of 1.65 and a debt-to-equity ratio of 0.27.

Insight Enterprises (NASDAQ:NSIT) last released its quarterly earnings data on Wednesday, November 7th. The software maker reported $0.91 earnings per share for the quarter, missing the Zacks’ consensus estimate of $1.00 by ($0.09). Insight Enterprises had a return on equity of 16.60% and a net margin of 1.83%. The business had revenue of $1.75 billion during the quarter, compared to analysts’ expectations of $1.84 billion. During the same period last year, the company earned $0.73 earnings per share. The firm’s revenue was down .6% compared to the same quarter last year. Analysts predict that Insight Enterprises, Inc. will post 4.42 earnings per share for the current fiscal year.

In related news, insider Steven W. Dodenhoff sold 4,827 shares of the company’s stock in a transaction dated Monday, August 27th. The shares were sold at an average price of $56.57, for a total value of $273,063.39. Following the completion of the sale, the insider now directly owns 29,216 shares of the company’s stock, valued at $1,652,749.12. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 1.77% of the stock is owned by corporate insiders.

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About Insight Enterprises

Insight Enterprises, Inc provides information technology (IT) hardware, software, and service solutions for small and medium sized firms, enterprises, governments, schools, and health care organizations in the United States, Canada, Europe, the Middle East, Africa, and the Asia-Pacific. It sources, stages, configures, integrates, tests, deploys, and maintains its products spanning endpoints to infrastructure; and provides infrastructure management solutions.

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

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