Intech Investment Management LLC Reduces Stake in Insight Enterprises, Inc. $NSIT

Intech Investment Management LLC lowered its holdings in Insight Enterprises, Inc. (NASDAQ:NSIT) by 16.8% during the fourth quarter, HoldingsChannel reports. The fund owned 25,939 shares of the software maker’s stock after selling 5,249 shares during the period. Intech Investment Management LLC’s holdings in Insight Enterprises were worth $2,113,000 as of its most recent SEC filing.

Other hedge funds have also made changes to their positions in the company. CWM LLC increased its holdings in shares of Insight Enterprises by 39.2% in the 4th quarter. CWM LLC now owns 529 shares of the software maker’s stock valued at $43,000 after acquiring an additional 149 shares during the last quarter. Torren Management LLC purchased a new position in shares of Insight Enterprises in the 4th quarter valued at about $44,000. Annis Gardner Whiting Capital Advisors LLC increased its holdings in shares of Insight Enterprises by 40.3% in the 4th quarter. Annis Gardner Whiting Capital Advisors LLC now owns 592 shares of the software maker’s stock valued at $48,000 after acquiring an additional 170 shares during the last quarter. Hantz Financial Services Inc. increased its holdings in shares of Insight Enterprises by 467.1% in the 4th quarter. Hantz Financial Services Inc. now owns 811 shares of the software maker’s stock valued at $66,000 after acquiring an additional 668 shares during the last quarter. Finally, Covestor Ltd increased its holdings in shares of Insight Enterprises by 32.2% in the 4th quarter. Covestor Ltd now owns 879 shares of the software maker’s stock valued at $72,000 after acquiring an additional 214 shares during the last quarter.

Insiders Place Their Bets

In related news, CFO James A. Morgado acquired 2,290 shares of the firm’s stock in a transaction on Monday, May 11th. The stock was bought at an average cost of $87.25 per share, with a total value of $199,802.50. Following the transaction, the chief financial officer owned 17,246 shares of the company’s stock, valued at $1,504,713.50. The trade was a 15.31% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is accessible through the SEC website. Insiders own 1.21% of the company’s stock.

Insight Enterprises Trading Down 3.4%

NASDAQ:NSIT opened at $115.60 on Thursday. The stock’s 50 day moving average price is $81.14 and its 200 day moving average price is $82.74. The company has a market capitalization of $3.49 billion, a PE ratio of 20.21, a P/E/G ratio of 1.05 and a beta of 1.10. The company has a quick ratio of 1.17, a current ratio of 1.22 and a debt-to-equity ratio of 0.92. Insight Enterprises, Inc. has a 52-week low of $63.62 and a 52-week high of $148.58.

Insight Enterprises (NASDAQ:NSIT) last released its quarterly earnings results on Thursday, May 7th. The software maker reported $2.88 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.45 by $0.43. The firm had revenue of $2.13 billion for the quarter, compared to the consensus estimate of $2.12 billion. Insight Enterprises had a return on equity of 20.89% and a net margin of 2.17%.The firm’s quarterly revenue was up 1.2% compared to the same quarter last year. During the same quarter last year, the business posted $2.06 EPS. Insight Enterprises has set its FY 2026 guidance at 11.000-11.500 EPS. On average, research analysts anticipate that Insight Enterprises, Inc. will post 11.43 EPS for the current year.

Analysts Set New Price Targets

A number of research analysts have recently commented on the company. Raymond James Financial upgraded Insight Enterprises from a “market perform” rating to an “outperform” rating and set a $100.00 price objective on the stock in a report on Thursday, May 7th. Canaccord Genuity Group set a $75.00 price objective on Insight Enterprises in a report on Friday, May 8th. Weiss Ratings restated a “sell (d+)” rating on shares of Insight Enterprises in a research note on Thursday, April 2nd. Wall Street Zen upgraded Insight Enterprises from a “hold” rating to a “buy” rating in a research note on Sunday, May 10th. Finally, JPMorgan Chase & Co. upgraded Insight Enterprises from an “underweight” rating to a “neutral” rating and set a $105.00 price target on the stock in a research note on Wednesday, May 27th. Three equities research analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, Insight Enterprises presently has a consensus rating of “Hold” and a consensus price target of $100.00.

About Insight Enterprises

Insight Enterprises, Inc is a global technology provider headquartered in Tempe, Arizona. Founded in 1988, the company specializes in helping organizations harness the power of digital transformation by offering a comprehensive portfolio of IT hardware, software, cloud and licensing management solutions. Insight’s expertise spans across the full technology lifecycle, from initial strategy and consulting to implementation, integration and ongoing managed services.

At the core of Insight’s business are its consulting and professional services, which guide clients through complex technology environments and ensure optimal deployment of solutions.