New York State Teachers Retirement System Sells 5,918 Shares of Insight Enterprises, Inc. (NASDAQ:NSIT)

New York State Teachers Retirement System trimmed its stake in Insight Enterprises, Inc. (NASDAQ:NSIT) by 16.0% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 30,960 shares of the software maker’s stock after selling 5,918 shares during the quarter. New York State Teachers Retirement System owned approximately 0.10% of Insight Enterprises worth $4,709,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. Geode Capital Management LLC lifted its holdings in shares of Insight Enterprises by 1.7% during the third quarter. Geode Capital Management LLC now owns 659,483 shares of the software maker’s stock worth $142,073,000 after purchasing an additional 10,711 shares during the period. EULAV Asset Management increased its holdings in Insight Enterprises by 7.2% during the 3rd quarter. EULAV Asset Management now owns 49,879 shares of the software maker’s stock worth $10,743,000 after acquiring an additional 3,359 shares during the period. Harbor Capital Advisors Inc. increased its holdings in shares of Insight Enterprises by 65.0% in the 3rd quarter. Harbor Capital Advisors Inc. now owns 23,578 shares of the software maker’s stock worth $5,078,000 after buying an additional 9,289 shares during the last quarter. Barclays PLC boosted its stake in shares of Insight Enterprises by 178.3% in the 3rd quarter. Barclays PLC now owns 56,402 shares of the software maker’s stock valued at $12,150,000 after purchasing an additional 36,132 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. raised its holdings in Insight Enterprises by 30.1% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 368,951 shares of the software maker’s stock valued at $79,468,000 after buying an additional 85,428 shares during the last quarter.

Insight Enterprises Price Performance

Insight Enterprises stock opened at $166.00 on Friday. The company has a debt-to-equity ratio of 0.30, a quick ratio of 1.15 and a current ratio of 1.18. The company has a market cap of $5.28 billion, a price-to-earnings ratio of 25.46, a PEG ratio of 1.42 and a beta of 1.42. The firm has a 50 day moving average price of $162.78 and a 200 day moving average price of $182.30. Insight Enterprises, Inc. has a 1 year low of $146.56 and a 1 year high of $228.07.

Insight Enterprises (NASDAQ:NSIT) last posted its quarterly earnings data on Thursday, February 6th. The software maker reported $2.66 earnings per share for the quarter, beating the consensus estimate of $2.53 by $0.13. Insight Enterprises had a net margin of 2.87% and a return on equity of 18.95%. During the same quarter last year, the business posted $2.98 earnings per share. Sell-side analysts predict that Insight Enterprises, Inc. will post 9.89 earnings per share for the current year.

Analyst Ratings Changes

A number of analysts have weighed in on NSIT shares. Barrington Research reduced their price objective on shares of Insight Enterprises from $225.00 to $205.00 and set an “outperform” rating for the company in a research note on Monday, November 4th. Redburn Atlantic began coverage on shares of Insight Enterprises in a research note on Friday, November 15th. They issued a “buy” rating and a $220.00 target price on the stock. Three equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $212.50.

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.