Insight Enterprises, Inc. (NASDAQ:NSIT) Shares Sold by Charles Schwab Investment Management Inc.

Charles Schwab Investment Management Inc. trimmed its position in shares of Insight Enterprises, Inc. (NASDAQ:NSIT) by 1.2% during the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 364,636 shares of the software maker’s stock after selling 4,315 shares during the period. Charles Schwab Investment Management Inc. owned approximately 1.15% of Insight Enterprises worth $55,461,000 as of its most recent SEC filing.

A number of other large investors also recently added to or reduced their stakes in the company. Golden State Wealth Management LLC purchased a new position in Insight Enterprises in the fourth quarter valued at $32,000. R Squared Ltd acquired a new stake in shares of Insight Enterprises during the 4th quarter valued at approximately $33,000. Smartleaf Asset Management LLC raised its position in shares of Insight Enterprises by 287.7% during the 4th quarter. Smartleaf Asset Management LLC now owns 504 shares of the software maker’s stock worth $76,000 after purchasing an additional 374 shares during the last quarter. Blue Trust Inc. grew its stake in Insight Enterprises by 25.8% in the 4th quarter. Blue Trust Inc. now owns 677 shares of the software maker’s stock worth $103,000 after acquiring an additional 139 shares during the period. Finally, Coldstream Capital Management Inc. purchased a new stake in Insight Enterprises in the 3rd quarter worth approximately $203,000.

Wall Street Analyst Weigh In

Separately, Redburn Atlantic assumed coverage on shares of Insight Enterprises in a research note on Friday, November 15th. They set a “buy” rating and a $220.00 price objective for the company. Three analysts have rated the stock with a hold rating and two have given a buy rating to the company. According to MarketBeat, Insight Enterprises has an average rating of “Hold” and a consensus price target of $212.50.

Insight Enterprises Trading Down 0.6 %

Insight Enterprises stock opened at $151.01 on Friday. Insight Enterprises, Inc. has a 12-month low of $146.56 and a 12-month high of $228.07. The stock has a market capitalization of $4.80 billion, a PE ratio of 23.16, a price-to-earnings-growth ratio of 1.40 and a beta of 1.40. The firm has a 50 day simple moving average of $162.81 and a 200-day simple moving average of $178.19. The company has a debt-to-equity ratio of 0.30, a current ratio of 1.18 and a quick ratio of 1.15.

Insight Enterprises (NASDAQ:NSIT) last issued its quarterly earnings results on Thursday, February 6th. The software maker reported $2.66 EPS 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 period in the prior year, the firm posted $2.98 earnings per share. As a group, equities research analysts expect that Insight Enterprises, Inc. will post 9.89 EPS for the current fiscal year.

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.