Insight Enterprises, Inc. (NSIT) Position Lessened by Wells Fargo & Company MN

Wells Fargo & Company MN reduced its position in shares of Insight Enterprises, Inc. (NASDAQ:NSIT) by 11.9% in the 3rd quarter, HoldingsChannel.com reports. The institutional investor owned 77,003 shares of the software maker’s stock after selling 10,389 shares during the quarter. Wells Fargo & Company MN’s holdings in Insight Enterprises were worth $3,537,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Victory Capital Management Inc. boosted its holdings in Insight Enterprises by 17.6% in the 2nd quarter. Victory Capital Management Inc. now owns 2,567 shares of the software maker’s stock valued at $103,000 after purchasing an additional 385 shares during the period. Bayesian Capital Management LP boosted its holdings in Insight Enterprises by 21.6% in the 2nd quarter. Bayesian Capital Management LP now owns 6,423 shares of the software maker’s stock valued at $257,000 after purchasing an additional 1,143 shares during the period. Alpha Windward LLC boosted its holdings in Insight Enterprises by 11.8% in the 3rd quarter. Alpha Windward LLC now owns 11,940 shares of the software maker’s stock valued at $548,000 after purchasing an additional 1,260 shares during the period. Rhumbline Advisers boosted its holdings in Insight Enterprises by 1.8% in the 3rd quarter. Rhumbline Advisers now owns 75,784 shares of the software maker’s stock valued at $3,480,000 after purchasing an additional 1,323 shares during the period. Finally, Legal & General Group Plc boosted its holdings in Insight Enterprises by 1.3% in the 3rd quarter. Legal & General Group Plc now owns 104,990 shares of the software maker’s stock valued at $4,819,000 after purchasing an additional 1,342 shares during the period. 97.19% of the stock is owned by institutional investors and hedge funds.

NSIT has been the subject of a number of research reports. ValuEngine downgraded shares of Insight Enterprises from a “buy” rating to a “hold” rating in a report on Wednesday, November 15th. Zacks Investment Research downgraded shares of Insight Enterprises from a “strong-buy” rating to a “hold” rating in a report on Wednesday, October 4th. BidaskClub downgraded shares of Insight Enterprises from a “sell” rating to a “strong sell” rating in a report on Tuesday, December 12th. Finally, B. Riley reissued a “buy” rating and issued a $56.00 price target (up from $54.50) on shares of Insight Enterprises in a report on Wednesday, November 8th. Two analysts have rated the stock with a sell rating, two have given a hold rating and two have given a buy rating to the stock. The stock has an average rating of “Hold” and an average target price of $48.00.

Insight Enterprises, Inc. (NASDAQ NSIT) opened at $37.39 on Wednesday. Insight Enterprises, Inc. has a one year low of $35.26 and a one year high of $53.19. The stock has a market cap of $1,370.00, a price-to-earnings ratio of 13.85 and a beta of 1.56. The company has a quick ratio of 1.59, a current ratio of 1.84 and a debt-to-equity ratio of 0.65.

Insight Enterprises (NASDAQ:NSIT) last announced its quarterly earnings data on Tuesday, November 7th. The software maker reported $0.73 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.68 by $0.05. Insight Enterprises had a net margin of 1.53% and a return on equity of 14.90%. The company had revenue of $1.76 billion during the quarter, compared to analysts’ expectations of $1.59 billion. During the same quarter in the prior year, the company posted $0.62 EPS. The business’s revenue was up 26.2% on a year-over-year basis. sell-side analysts forecast that Insight Enterprises, Inc. will post 3.22 earnings per share for the current year.

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Insight Enterprises Company Profile

Insight Enterprises, Inc is engaged in providing information technology (IT) hardware, software, and cloud and service solutions to business, government, healthcare and educational clients. The Company operates through three segments: North America, EMEA and APAC. North America comprises the United States and Canada; EMEA comprises Europe, the Middle East and Africa, and APAC comprises Asia Pacific.

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Institutional Ownership by Quarter for Insight Enterprises (NASDAQ:NSIT)

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