Insight Enterprises, Inc. (NASDAQ:NSIT) Shares Sold by Bridgewater Associates LP

Bridgewater Associates LP decreased its holdings in Insight Enterprises, Inc. (NASDAQ:NSIT) by 52.4% in the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 35,294 shares of the software maker’s stock after selling 38,858 shares during the quarter. Bridgewater Associates LP’s holdings in Insight Enterprises were worth $7,602,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in NSIT. Opal Wealth Advisors LLC purchased a new stake in Insight Enterprises in the second quarter valued at about $38,000. GAMMA Investing LLC increased its holdings in shares of Insight Enterprises by 56.9% during the second quarter. GAMMA Investing LLC now owns 452 shares of the software maker’s stock valued at $90,000 after acquiring an additional 164 shares in the last quarter. Blue Trust Inc. raised its position in shares of Insight Enterprises by 40.8% in the 2nd quarter. Blue Trust Inc. now owns 531 shares of the software maker’s stock valued at $99,000 after purchasing an additional 154 shares during the last quarter. Ausbil Investment Management Ltd acquired a new stake in Insight Enterprises in the 2nd quarter worth approximately $195,000. Finally, Huntington National Bank grew its position in Insight Enterprises by 7.3% during the 3rd quarter. Huntington National Bank now owns 995 shares of the software maker’s stock worth $214,000 after purchasing an additional 68 shares during the last quarter.

Analyst Ratings Changes

Several research firms have recently commented on NSIT. JPMorgan Chase & Co. lowered their price objective on shares of Insight Enterprises from $233.00 to $225.00 and set a “neutral” rating for the company in a research note on Friday, August 2nd. Redburn Atlantic began coverage on Insight Enterprises in a research report on Friday, November 15th. They set a “buy” rating and a $220.00 price target for the company. Finally, Barrington Research cut their price objective on Insight Enterprises from $225.00 to $205.00 and set an “outperform” rating on the stock in a report on Monday, November 4th. Three analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. According to MarketBeat.com, the company has an average rating of “Hold” and an average price target of $212.50.

Insight Enterprises Trading Up 0.3 %

Shares of Insight Enterprises stock opened at $156.28 on Friday. Insight Enterprises, Inc. has a 1 year low of $146.56 and a 1 year high of $228.07. The company has a debt-to-equity ratio of 0.43, a current ratio of 1.24 and a quick ratio of 1.20. The stock has a market cap of $4.96 billion, a PE ratio of 19.66, a price-to-earnings-growth ratio of 1.36 and a beta of 1.48. The firm has a fifty day moving average price of $193.31 and a 200 day moving average price of $200.16.

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