Navellier & Associates Inc. Lowers Holdings in Insight Enterprises, Inc. (NASDAQ:NSIT)

Navellier & Associates Inc. reduced its stake in shares of Insight Enterprises, Inc. (NASDAQ:NSIT) by 6.5% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 22,433 shares of the software maker’s stock after selling 1,569 shares during the quarter. Navellier & Associates Inc. owned 0.07% of Insight Enterprises worth $4,832,000 at the end of the most recent reporting period.

A number of other large investors also recently bought and sold shares of NSIT. Xponance Inc. raised its position in shares of Insight Enterprises by 2.5% in the second quarter. Xponance Inc. now owns 2,114 shares of the software maker’s stock worth $419,000 after acquiring an additional 52 shares during the period. Tevis Investment Management raised its holdings in Insight Enterprises by 3.5% in the 2nd quarter. Tevis Investment Management now owns 1,774 shares of the software maker’s stock worth $352,000 after purchasing an additional 60 shares during the period. One Wealth Advisors LLC boosted its position 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 purchasing an additional 62 shares in the last quarter. Huntington National Bank boosted its position in Insight Enterprises by 7.3% during the third quarter. Huntington National Bank now owns 995 shares of the software maker’s stock worth $214,000 after purchasing an additional 68 shares in the last quarter. Finally, Hanseatic Management Services Inc. grew its holdings in Insight Enterprises by 1.8% in the second quarter. Hanseatic Management Services Inc. now owns 3,854 shares of the software maker’s stock valued at $764,000 after purchasing an additional 69 shares during the period.

Insight Enterprises Stock Performance

NASDAQ NSIT opened at $148.00 on Thursday. The company has a debt-to-equity ratio of 0.43, a current ratio of 1.24 and a quick ratio of 1.20. Insight Enterprises, Inc. has a 1-year low of $146.56 and a 1-year high of $228.07. The company has a market cap of $4.70 billion, a PE ratio of 18.89, a price-to-earnings-growth ratio of 1.31 and a beta of 1.48. The stock’s 50 day simple moving average is $198.87 and its 200-day simple moving average is $201.85.

Insight Enterprises (NASDAQ:NSIT) last released its earnings results on Thursday, October 31st. The software maker reported $2.19 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.37 by ($0.18). The business had revenue of $2.09 billion for the quarter, compared to analysts’ expectations of $2.34 billion. Insight Enterprises had a return on equity of 19.71% and a net margin of 3.42%. Insight Enterprises’s quarterly revenue was down 7.9% compared to the same quarter last year. During the same period in the previous year, the company earned $2.37 EPS. As a group, equities research analysts anticipate that Insight Enterprises, Inc. will post 9.55 EPS for the current fiscal year.

Analyst Ratings Changes

A number of research analysts have recently issued reports on NSIT shares. Barrington Research decreased their target price on Insight Enterprises from $225.00 to $205.00 and set an “outperform” rating on the stock in a research report on Monday, November 4th. JPMorgan Chase & Co. reduced 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 report on Friday, August 2nd. Finally, Redburn Atlantic assumed coverage on shares of Insight Enterprises in a report on Friday, November 15th. They set a “buy” rating and a $220.00 price objective on the stock. Three equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the company. According to MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $212.50.

Insight Enterprises 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.