Insight Enterprises, Inc. (NASDAQ:NSIT) Shares Sold by Cwm LLC

Cwm LLC cut its stake in shares of Insight Enterprises, Inc. (NASDAQ:NSIT) by 68.0% during the 3rd quarter, according to its most recent filing with the SEC. The institutional investor owned 639 shares of the software maker’s stock after selling 1,356 shares during the period. Cwm LLC’s holdings in Insight Enterprises were worth $138,000 at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in the company. Vanguard Group Inc. raised its stake in Insight Enterprises by 0.3% during the first quarter. Vanguard Group Inc. now owns 3,871,959 shares of the software maker’s stock valued at $718,326,000 after buying an additional 13,072 shares in the last quarter. Capital World Investors raised its stake in Insight Enterprises by 27.8% during the 1st quarter. Capital World Investors now owns 2,149,092 shares of the software maker’s stock valued at $398,700,000 after purchasing an additional 467,088 shares during the period. Capital Research Global Investors grew its stake in Insight Enterprises by 54.9% during the 1st quarter. Capital Research Global Investors now owns 907,709 shares of the software maker’s stock valued at $168,398,000 after acquiring an additional 321,780 shares in the last quarter. Westfield Capital Management Co. LP lifted its position in Insight Enterprises by 28.0% in the 1st quarter. Westfield Capital Management Co. LP now owns 405,407 shares of the software maker’s stock worth $75,211,000 after buying an additional 88,641 shares in the last quarter. Finally, Bank of New York Mellon Corp grew its stake in Insight Enterprises by 14.7% in the second quarter. Bank of New York Mellon Corp now owns 286,297 shares of the software maker’s stock valued at $56,790,000 after purchasing an additional 36,790 shares in the last quarter.

Wall Street Analysts Forecast Growth

Several research firms recently weighed in on NSIT. JPMorgan Chase & Co. reduced their target price 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 lowered shares of Insight Enterprises from a “buy” rating to a “hold” rating in a report on Friday, July 5th. Barrington Research restated an “outperform” rating and issued a $225.00 target price on shares of Insight Enterprises in a research note on Friday, September 20th. Finally, Stifel Nicolaus increased their price objective on Insight Enterprises from $192.00 to $200.00 and gave the company a “hold” rating in a research report on Wednesday, July 17th.

Insider Buying and Selling

In other news, insider Jennifer M. Vasin sold 739 shares of the 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 owns 5,460 shares of the company’s stock, valued at approximately $1,124,923.80. This represents a 0.00 % decrease in their position. 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.

Insight Enterprises Stock Performance

Shares of NASDAQ:NSIT opened at $210.67 on Friday. Insight Enterprises, Inc. has a fifty-two week low of $139.34 and a fifty-two week high of $228.07. The company has a debt-to-equity ratio of 0.36, a current ratio of 1.22 and a quick ratio of 1.19. The company has a market capitalization of $6.87 billion, a price-to-earnings ratio of 26.17, a P/E/G ratio of 1.69 and a beta of 1.45. The firm’s 50 day simple moving average is $212.19 and its 200 day simple moving average is $203.13.

Insight Enterprises (NASDAQ:NSIT) last posted its quarterly earnings data on Thursday, August 1st. The software maker reported $2.46 EPS for the quarter, missing the consensus estimate of $2.82 by ($0.36). The company had revenue of $2.16 billion during 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 company’s revenue was down 8.0% compared to the same quarter last year. During the same period in the prior year, the firm posted $2.56 earnings per share. As a group, sell-side analysts forecast that Insight Enterprises, Inc. will post 10.68 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.