7,940 Shares in Insight Enterprises, Inc. (NASDAQ:NSIT) Acquired by Okabena Investment Services Inc.

Okabena Investment Services Inc. bought a new stake in shares of Insight Enterprises, Inc. (NASDAQ:NSIT) during the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund bought 7,940 shares of the software maker’s stock, valued at approximately $1,407,000.

A number of other institutional investors also recently added to or reduced their stakes in NSIT. Vanguard Group Inc. boosted its holdings in shares of Insight Enterprises by 6.4% in the third quarter. Vanguard Group Inc. now owns 4,111,475 shares of the software maker’s stock valued at $598,220,000 after acquiring an additional 245,814 shares in the last quarter. Vaughan Nelson Investment Management L.P. increased its position in shares of Insight Enterprises by 3.8% during the 4th quarter. Vaughan Nelson Investment Management L.P. now owns 635,345 shares of the software maker’s stock valued at $112,577,000 after purchasing an additional 23,085 shares during the period. Prudential PLC bought a new stake in shares of Insight Enterprises in the 4th quarter worth $1,394,000. 13D Management LLC lifted its holdings in shares of Insight Enterprises by 11.6% in the third quarter. 13D Management LLC now owns 83,953 shares of the software maker’s stock valued at $12,215,000 after buying an additional 8,721 shares during the period. Finally, Norges Bank bought a new position in Insight Enterprises during the fourth quarter valued at about $58,687,000.

Insider Buying and Selling

In other news, insider Adrian P. Gregory sold 2,750 shares of the stock in a transaction that occurred on Wednesday, May 29th. The shares were sold at an average price of $195.83, for a total value of $538,532.50. Following the completion of the sale, the insider now directly owns 3,447 shares of the company’s stock, valued at $675,026.01. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In other news, insider Adrian P. Gregory sold 2,750 shares of the business’s stock in a transaction on Wednesday, May 29th. The shares were sold at an average price of $195.83, for a total transaction of $538,532.50. Following the transaction, the insider now directly owns 3,447 shares in the company, valued at approximately $675,026.01. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, CEO Joyce A. Mullen sold 10,000 shares of the company’s stock in a transaction on Thursday, May 9th. The stock was sold at an average price of $201.08, for a total transaction of $2,010,800.00. Following the completion of the transaction, the chief executive officer now directly owns 40,807 shares in the company, valued at $8,205,471.56. The disclosure for this sale can be found here. In the last ninety days, insiders sold 462,750 shares of company stock valued at $89,169,833. Corporate insiders own 1.23% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts have commented on NSIT shares. Stifel Nicolaus boosted their price target on shares of Insight Enterprises from $170.00 to $192.00 and gave the stock a “hold” rating in a research report on Monday, April 15th. Barrington Research boosted their target price on shares of Insight Enterprises from $211.00 to $225.00 and gave the stock an “outperform” rating in a report on Thursday, May 9th. JPMorgan Chase & Co. raised their target price on shares of Insight Enterprises from $193.00 to $195.00 and gave the stock a “neutral” rating in a report on Friday, May 3rd. Finally, StockNews.com raised Insight Enterprises from a “hold” rating to a “buy” rating in a report on Friday, June 7th.

Insight Enterprises Trading Down 0.5 %

Shares of NSIT opened at $197.34 on Friday. The company has a current ratio of 1.27, a quick ratio of 1.22 and a debt-to-equity ratio of 0.31. Insight Enterprises, Inc. has a 1-year low of $131.59 and a 1-year high of $212.44. The stock has a market capitalization of $6.43 billion, a P/E ratio of 24.82, a P/E/G ratio of 1.53 and a beta of 1.50. The business’s 50-day moving average price is $194.42 and its 200 day moving average price is $185.98.

Insight Enterprises (NASDAQ:NSIT) last released its earnings results on Thursday, May 2nd. The software maker reported $2.37 earnings per share for the quarter, topping the consensus estimate of $1.82 by $0.55. Insight Enterprises had a net margin of 3.23% and a return on equity of 21.34%. The business had revenue of $2.38 billion for the quarter, compared to the consensus estimate of $2.30 billion. During the same period last year, the firm posted $1.78 earnings per share. The firm’s quarterly revenue was up 2.4% compared to the same quarter last year. Analysts expect that Insight Enterprises, Inc. will post 10.78 earnings per share for the current 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.