Insight Enterprises, Inc. (NASDAQ:NSIT) Shares Sold by Navellier & Associates Inc.

Navellier & Associates Inc. cut its holdings in Insight Enterprises, Inc. (NASDAQ:NSIT) by 6.5% during the third quarter, HoldingsChannel reports. The fund owned 22,433 shares of the software maker’s stock after selling 1,569 shares during the period. Navellier & Associates Inc.’s holdings in Insight Enterprises were worth $4,832,000 at the end of the most recent quarter.

Several other hedge funds also recently added to or reduced their stakes in the business. Xponance Inc. grew its holdings in shares of Insight Enterprises by 2.5% during the 2nd quarter. Xponance Inc. now owns 2,114 shares of the software maker’s stock worth $419,000 after purchasing an additional 52 shares during the period. Tevis Investment Management boosted its stake in Insight Enterprises by 3.5% during the second quarter. Tevis Investment Management now owns 1,774 shares of the software maker’s stock worth $352,000 after buying an additional 60 shares during the period. One Wealth Advisors LLC boosted its stake in Insight Enterprises by 4.7% during the third quarter. One Wealth Advisors LLC now owns 1,379 shares of the software maker’s stock worth $297,000 after buying an additional 62 shares during the period. Huntington National Bank increased its position in shares of Insight Enterprises by 7.3% during the third quarter. Huntington National Bank now owns 995 shares of the software maker’s stock valued at $214,000 after acquiring an additional 68 shares during the last quarter. Finally, Hanseatic Management Services Inc. raised its stake in shares of Insight Enterprises by 1.8% in the 2nd quarter. Hanseatic Management Services Inc. now owns 3,854 shares of the software maker’s stock valued at $764,000 after acquiring an additional 69 shares during the period.

Wall Street Analysts Forecast Growth

NSIT has been the subject of several research reports. Barrington Research dropped 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. JPMorgan Chase & Co. decreased their target price on Insight Enterprises from $233.00 to $225.00 and set a “neutral” rating on the stock in a research note on Friday, August 2nd. Finally, Redburn Atlantic started coverage on Insight Enterprises in a research report on Friday, November 15th. They issued a “buy” rating and a $220.00 target price for the company. Three investment analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Hold” and a consensus target price of $212.50.

Insight Enterprises Stock Down 1.4 %

Insight Enterprises stock opened at $148.00 on Thursday. The firm has a market capitalization of $4.70 billion, a P/E ratio of 18.89, a P/E/G ratio of 1.31 and a beta of 1.48. The stock’s fifty day simple moving average is $198.87 and its 200-day simple moving average is $201.85. Insight Enterprises, Inc. has a twelve month low of $146.56 and a twelve month high of $228.07. The company has a current ratio of 1.24, a quick ratio of 1.20 and a debt-to-equity ratio of 0.43.

Insight Enterprises (NASDAQ:NSIT) last announced 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 analysts’ expectations 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 quarter in the previous year, the business posted $2.37 EPS. As a group, equities analysts expect that Insight Enterprises, Inc. will post 9.55 earnings per share for the current fiscal 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.