Insight Enterprises, Inc. (NSIT) Shares Sold by ClariVest Asset Management LLC
ClariVest Asset Management LLC cut its stake in shares of Insight Enterprises, Inc. (NASDAQ:NSIT) by 3.1% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 220,509 shares of the software maker’s stock after selling 7,000 shares during the quarter. ClariVest Asset Management LLC’s holdings in Insight Enterprises were worth $10,790,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Other institutional investors also recently made changes to their positions in the company. Principal Financial Group Inc. raised its stake in shares of Insight Enterprises by 2.4% during the first quarter. Principal Financial Group Inc. now owns 282,784 shares of the software maker’s stock worth $9,878,000 after acquiring an additional 6,535 shares in the last quarter. Smith Asset Management Group LP purchased a new position in shares of Insight Enterprises during the second quarter worth approximately $2,105,000. GSA Capital Partners LLP raised its stake in shares of Insight Enterprises by 264.8% during the first quarter. GSA Capital Partners LLP now owns 30,021 shares of the software maker’s stock worth $1,049,000 after acquiring an additional 21,791 shares in the last quarter. Swiss National Bank raised its stake in shares of Insight Enterprises by 4.5% during the first quarter. Swiss National Bank now owns 62,400 shares of the software maker’s stock worth $2,180,000 after acquiring an additional 2,700 shares in the last quarter. Finally, Boston Partners raised its stake in shares of Insight Enterprises by 3.3% during the second quarter. Boston Partners now owns 966,531 shares of the software maker’s stock worth $47,292,000 after acquiring an additional 30,598 shares in the last quarter. Institutional investors and hedge funds own 95.09% of the company’s stock.
Several research analysts have commented on NSIT shares. BidaskClub raised shares of Insight Enterprises from a “hold” rating to a “buy” rating in a research note on Wednesday, May 9th. B. Riley lifted their price target 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. Finally, Zacks Investment Research raised shares of Insight Enterprises from a “hold” rating to a “buy” rating and set a $58.00 price target on the stock in a research note on Wednesday, July 25th.
NSIT stock opened at $55.18 on Friday. The company has a market cap of $1.98 billion, a price-to-earnings ratio of 14.22 and a beta of 1.30. Insight Enterprises, Inc. has a one year low of $32.10 and a one year high of $56.86. The company has a current ratio of 1.37, a quick ratio of 1.28 and a debt-to-equity ratio of 0.16.
Insight Enterprises (NASDAQ:NSIT) last posted its quarterly earnings results on Wednesday, August 1st. The software maker reported $1.45 EPS for the quarter, topping the consensus estimate of $1.26 by $0.19. The firm had revenue of $1.84 billion for the quarter, compared to the consensus estimate of $1.84 billion. Insight Enterprises had a net margin of 1.69% and a return on equity of 16.42%. The business’s revenue was up 9.1% compared to the same quarter last year. During the same period last year, the firm posted $1.14 earnings per share. analysts anticipate that Insight Enterprises, Inc. will post 4.54 EPS for the current year.
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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