Arizona State Retirement System Acquires 3,189 Shares of Insight Enterprises, Inc. (NSIT)

Arizona State Retirement System lifted its holdings in shares of Insight Enterprises, Inc. (NASDAQ:NSIT) by 6.2% in the fourth quarter, Holdings Channel reports. The institutional investor owned 54,639 shares of the software maker’s stock after purchasing an additional 3,189 shares during the quarter. Arizona State Retirement System’s holdings in Insight Enterprises were worth $2,227,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors have also made changes to their positions in the stock. BlackRock Inc. grew its position in shares of Insight Enterprises by 4.1% during the 3rd quarter. BlackRock Inc. now owns 5,152,517 shares of the software maker’s stock valued at $278,699,000 after buying an additional 201,482 shares during the last quarter. Vanguard Group Inc grew its position in shares of Insight Enterprises by 4.7% during the 3rd quarter. Vanguard Group Inc now owns 3,761,007 shares of the software maker’s stock valued at $203,432,000 after buying an additional 168,306 shares during the last quarter. Vanguard Group Inc. grew its position in shares of Insight Enterprises by 4.7% during the 3rd quarter. Vanguard Group Inc. now owns 3,761,007 shares of the software maker’s stock valued at $203,432,000 after buying an additional 168,306 shares during the last quarter. Frontier Capital Management Co. LLC grew its position in shares of Insight Enterprises by 7.7% during the 3rd quarter. Frontier Capital Management Co. LLC now owns 973,870 shares of the software maker’s stock valued at $52,677,000 after buying an additional 69,222 shares during the last quarter. Finally, LSV Asset Management grew its position in shares of Insight Enterprises by 9.4% during the 3rd quarter. LSV Asset Management now owns 698,967 shares of the software maker’s stock valued at $37,807,000 after buying an additional 59,767 shares during the last quarter. 99.49% of the stock is owned by institutional investors and hedge funds.

NASDAQ NSIT opened at $47.99 on Tuesday. Insight Enterprises, Inc. has a 52 week low of $32.72 and a 52 week high of $56.86. The company has a quick ratio of 1.51, a current ratio of 1.65 and a debt-to-equity ratio of 0.27. The stock has a market capitalization of $1.68 billion, a price-to-earnings ratio of 14.81 and a beta of 1.13.

A number of brokerages recently weighed in on NSIT. BidaskClub downgraded shares of Insight Enterprises from a “buy” rating to a “hold” rating in a research report on Thursday, November 8th. ValuEngine cut shares of Insight Enterprises from a “hold” rating to a “sell” rating in a research report on Wednesday, November 7th. Zacks Investment Research upgraded shares of Insight Enterprises from a “sell” rating to a “hold” rating in a research report on Wednesday, January 9th. Finally, B. Riley decreased their target price on shares of Insight Enterprises from $61.00 to $59.00 and set a “buy” rating for the company in a research report on Thursday, November 8th.

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Insight Enterprises Profile

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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