SG Americas Securities LLC Has $233,000 Position in Insight Enterprises, Inc. (NASDAQ:NSIT)

SG Americas Securities LLC cut its holdings in shares of Insight Enterprises, Inc. (NASDAQ:NSIT) by 80.1% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 1,083 shares of the software maker’s stock after selling 4,360 shares during the quarter. SG Americas Securities LLC’s holdings in Insight Enterprises were worth $233,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in NSIT. Point72 Asset Management L.P. acquired a new position in Insight Enterprises in the 2nd quarter valued at $337,000. Silver Lake Advisory LLC acquired a new position in Insight Enterprises in the 2nd quarter valued at $6,343,000. Creative Planning grew its holdings in Insight Enterprises by 9.7% in the 2nd quarter. Creative Planning now owns 6,930 shares of the software maker’s stock valued at $1,375,000 after buying an additional 613 shares in the last quarter. Algert Global LLC acquired a new position in Insight Enterprises in the 2nd quarter valued at $554,000. Finally, AXA S.A. acquired a new position in Insight Enterprises in the 2nd quarter valued at $5,365,000.

Insiders Place Their Bets

In other Insight Enterprises news, insider Jennifer M. Vasin sold 739 shares of the company’s stock in a transaction dated Monday, August 19th. The stock was sold at an average price of $206.03, for a total value of $152,256.17. Following the completion of the transaction, the insider now owns 5,460 shares of the company’s stock, valued at $1,124,923.80. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Insiders own 1.23% of the company’s stock.

Insight Enterprises Price Performance

Shares of NSIT stock opened at $221.72 on Tuesday. The company has a quick ratio of 1.19, a current ratio of 1.22 and a debt-to-equity ratio of 0.36. Insight Enterprises, Inc. has a twelve month low of $139.34 and a twelve month high of $228.07. The company has a market cap of $7.22 billion, a P/E ratio of 27.89, a P/E/G ratio of 1.75 and a beta of 1.45. The business has a fifty day simple moving average of $211.23 and a 200 day simple moving average of $202.80.

Insight Enterprises (NASDAQ:NSIT) last announced its quarterly earnings data 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). Insight Enterprises had a return on equity of 20.38% and a net margin of 3.38%. The business had revenue of $2.16 billion for the quarter, compared to the consensus estimate of $2.47 billion. During the same quarter in the prior year, the company earned $2.56 earnings per share. Insight Enterprises’s quarterly revenue was down 8.0% compared to the same quarter last year. On average, sell-side analysts forecast that Insight Enterprises, Inc. will post 10.68 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of analysts have recently weighed in on the company. Barrington Research reiterated an “outperform” rating and set a $225.00 target price on shares of Insight Enterprises in a research report on Friday, September 20th. JPMorgan Chase & Co. cut their target price on Insight Enterprises from $233.00 to $225.00 and set a “neutral” rating for the company in a research report on Friday, August 2nd. Stifel Nicolaus upped their target price on Insight Enterprises from $192.00 to $200.00 and gave the company a “hold” rating in a research report on Wednesday, July 17th. Finally, StockNews.com downgraded Insight Enterprises from a “buy” rating to a “hold” rating in a research report on Friday, July 5th.

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.