TD Asset Management Inc Sells 5,900 Shares of Insight Enterprises, Inc. (NASDAQ:NSIT)

TD Asset Management Inc cut its stake in shares of Insight Enterprises, Inc. (NASDAQ:NSIT) by 22.0% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 20,896 shares of the software maker’s stock after selling 5,900 shares during the period. TD Asset Management Inc owned 0.06% of Insight Enterprises worth $4,145,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently modified their holdings of the stock. Tevis Investment Management increased its position in shares of Insight Enterprises by 3.5% during the second quarter. Tevis Investment Management now owns 1,774 shares of the software maker’s stock valued at $352,000 after buying an additional 60 shares during the period. Hanseatic Management Services Inc. grew its holdings in shares of Insight Enterprises by 1.8% during the second quarter. Hanseatic Management Services Inc. now owns 3,854 shares of the software maker’s stock worth $764,000 after purchasing an additional 69 shares in the last quarter. GAMMA Investing LLC boosted its stake in Insight Enterprises by 32.7% in the first quarter. GAMMA Investing LLC now owns 288 shares of the software maker’s stock worth $53,000 after buying an additional 71 shares in the last quarter. SummerHaven Investment Management LLC boosted its stake in Insight Enterprises by 1.6% in the second quarter. SummerHaven Investment Management LLC now owns 5,020 shares of the software maker’s stock worth $996,000 after buying an additional 77 shares in the last quarter. Finally, Commonwealth Equity Services LLC boosted its stake in Insight Enterprises by 7.1% in the second quarter. Commonwealth Equity Services LLC now owns 1,567 shares of the software maker’s stock worth $311,000 after buying an additional 104 shares in the last quarter.

Insider Buying and Selling at Insight Enterprises

In other Insight Enterprises news, insider Jennifer M. Vasin sold 739 shares of the company’s stock in a transaction on Monday, August 19th. The stock was sold at an average price of $206.03, for a total value of $152,256.17. Following the transaction, the insider now owns 5,460 shares of the company’s stock, valued at approximately $1,124,923.80. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 1.23% of the stock is currently owned by corporate insiders.

Insight Enterprises Stock Down 0.5 %

Shares of NSIT opened at $197.72 on Thursday. The stock has a market capitalization of $6.44 billion, a price-to-earnings ratio of 24.87, a price-to-earnings-growth ratio of 1.56 and a beta of 1.46. Insight Enterprises, Inc. has a 1 year low of $139.34 and a 1 year high of $228.07. The business’s 50 day simple moving average is $205.08 and its 200-day simple moving average is $196.83. The company has a debt-to-equity ratio of 0.36, a current ratio of 1.22 and a quick ratio of 1.19.

Insight Enterprises (NASDAQ:NSIT) last released its earnings results on Thursday, August 1st. The software maker reported $2.46 earnings per share for the quarter, missing the consensus estimate of $2.82 by ($0.36). The company had revenue of $2.16 billion for the quarter, compared to the consensus estimate of $2.47 billion. Insight Enterprises had a net margin of 3.38% and a return on equity of 20.38%. The business’s revenue for the quarter was down 8.0% compared to the same quarter last year. During the same period in the prior year, the firm posted $2.56 EPS. As a group, equities analysts expect that Insight Enterprises, Inc. will post 10.68 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of analysts have recently weighed in on NSIT shares. Barrington Research reissued an “outperform” rating and set a $225.00 price objective on shares of Insight Enterprises in a research note on Monday, August 5th. JPMorgan Chase & Co. decreased their price objective on Insight Enterprises from $233.00 to $225.00 and set a “neutral” rating for the company in a report on Friday, August 2nd. StockNews.com downgraded Insight Enterprises from a “buy” rating to a “hold” rating in a report on Friday, July 5th. Finally, Stifel Nicolaus raised their price target on Insight Enterprises from $192.00 to $200.00 and gave the company a “hold” rating in a report on Wednesday, July 17th.

About Insight Enterprises

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.