Pacer Advisors Inc. Has $181.55 Million Stake in Insight Enterprises, Inc. (NASDAQ:NSIT)

Pacer Advisors Inc. trimmed its position in shares of Insight Enterprises, Inc. (NASDAQ:NSIT) by 9.5% during the 2nd quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 915,228 shares of the software maker’s stock after selling 96,249 shares during the period. Pacer Advisors Inc. owned 2.81% of Insight Enterprises worth $181,545,000 at the end of the most recent reporting period.

Other large investors also recently added to or reduced their stakes in the company. CANADA LIFE ASSURANCE Co grew its holdings in shares of Insight Enterprises by 17.0% during the first quarter. CANADA LIFE ASSURANCE Co now owns 27,251 shares of the software maker’s stock valued at $5,050,000 after buying an additional 3,956 shares in the last quarter. Prudential PLC purchased a new position in Insight Enterprises during the 4th quarter valued at about $1,394,000. Harbor Capital Advisors Inc. increased its holdings in shares of Insight Enterprises by 288.2% in the 2nd quarter. Harbor Capital Advisors Inc. now owns 14,289 shares of the software maker’s stock valued at $2,834,000 after purchasing an additional 10,608 shares during the period. Norges Bank acquired a new position in shares of Insight Enterprises in the 4th quarter valued at about $58,687,000. Finally, Silver Lake Advisory LLC purchased a new stake in shares of Insight Enterprises in the second quarter worth approximately $6,343,000.

Insight Enterprises Price Performance

NASDAQ NSIT opened at $213.84 on Friday. The company has a quick ratio of 1.19, a current ratio of 1.22 and a debt-to-equity ratio of 0.36. The stock has a market capitalization of $6.96 billion, a PE ratio of 26.90, a price-to-earnings-growth ratio of 1.54 and a beta of 1.46. Insight Enterprises, Inc. has a 12-month low of $139.34 and a 12-month high of $228.07. The company has a 50 day moving average price of $206.68 and a two-hundred day moving average price of $197.92.

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

Insider Transactions at Insight Enterprises

In related news, insider Jennifer M. Vasin sold 739 shares of the business’s stock in a transaction that occurred 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 completion of the sale, the insider now directly owns 5,460 shares in the company, valued at approximately $1,124,923.80. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. 1.23% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of research analysts recently commented on NSIT shares. Stifel Nicolaus boosted their price objective on shares of Insight Enterprises from $192.00 to $200.00 and gave the company a “hold” rating in a research report on Wednesday, July 17th. StockNews.com cut shares of Insight Enterprises from a “buy” rating to a “hold” rating in a report on Friday, July 5th. JPMorgan Chase & Co. cut 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. Finally, Barrington Research reissued an “outperform” rating and set a $225.00 price objective on shares of Insight Enterprises in a research report on Friday.

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.