Insight Enterprises, Inc. (NASDAQ:NSIT) Shares Sold by Allspring Global Investments Holdings LLC

Allspring Global Investments Holdings LLC decreased its position in shares of Insight Enterprises, Inc. (NASDAQ:NSIT) by 16.6% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 26,637 shares of the software maker’s stock after selling 5,299 shares during the quarter. Allspring Global Investments Holdings LLC owned approximately 0.08% of Insight Enterprises worth $4,720,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also recently bought and sold shares of NSIT. Federated Hermes Inc. raised its holdings in Insight Enterprises by 40.2% in the 3rd quarter. Federated Hermes Inc. now owns 366 shares of the software maker’s stock valued at $30,000 after buying an additional 105 shares during the period. Ronald Blue Trust Inc. increased its stake in Insight Enterprises by 182.6% during the third quarter. Ronald Blue Trust Inc. now owns 486 shares of the software maker’s stock worth $71,000 after purchasing an additional 314 shares during the period. Anchor Investment Management LLC purchased a new stake in Insight Enterprises during the fourth quarter worth about $89,000. International Assets Investment Management LLC purchased a new stake in Insight Enterprises during the fourth quarter worth about $94,000. Finally, Blue Trust Inc. increased its stake in Insight Enterprises by 13.2% during the fourth quarter. Blue Trust Inc. now owns 550 shares of the software maker’s stock worth $97,000 after purchasing an additional 64 shares during the period.

Analyst Ratings Changes

A number of brokerages have issued reports on NSIT. Barrington Research reiterated an “outperform” rating and set a $211.00 price target on shares of Insight Enterprises in a research note on Tuesday, March 5th. Stifel Nicolaus boosted their price objective on Insight Enterprises from $170.00 to $192.00 and gave the stock a “hold” rating in a research report on Monday, April 15th. JPMorgan Chase & Co. boosted their price objective on Insight Enterprises from $188.00 to $193.00 and gave the stock a “neutral” rating in a research report on Thursday, April 11th. Finally, StockNews.com downgraded Insight Enterprises from a “buy” rating to a “hold” rating in a research report on Friday, January 26th.

Insider Activity at Insight Enterprises

In related news, CAO Rachael Ann Bertrandt Crump sold 1,850 shares of the company’s stock in a transaction that occurred on Thursday, February 22nd. The stock was sold at an average price of $182.67, for a total value of $337,939.50. Following the completion of the transaction, the chief accounting officer now directly owns 4,436 shares of the company’s stock, valued at $810,324.12. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other news, Director Richard E. Allen sold 10,000 shares of the stock in a transaction that occurred on Tuesday, February 27th. The stock was sold at an average price of $185.34, for a total value of $1,853,400.00. Following the completion of the sale, the director now directly owns 30,647 shares of the company’s stock, valued at $5,680,114.98. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CAO Rachael Ann Bertrandt Crump sold 1,850 shares of the stock in a transaction that occurred on Thursday, February 22nd. The shares were sold at an average price of $182.67, for a total value of $337,939.50. Following the completion of the sale, the chief accounting officer now directly owns 4,436 shares of the company’s stock, valued at $810,324.12. The disclosure for this sale can be found here. Insiders sold 20,918 shares of company stock valued at $3,888,203 over the last three months. 1.23% of the stock is owned by corporate insiders.

Insight Enterprises Stock Performance

Shares of Insight Enterprises stock opened at $182.58 on Friday. Insight Enterprises, Inc. has a one year low of $117.99 and a one year high of $194.57. The company has a market cap of $5.94 billion, a PE ratio of 24.18, a P/E/G ratio of 1.31 and a beta of 1.51. The company has a debt-to-equity ratio of 0.34, a quick ratio of 1.23 and a current ratio of 1.28. The business has a 50-day simple moving average of $184.98 and a 200-day simple moving average of $171.78.

Insight Enterprises (NASDAQ:NSIT) last announced its quarterly earnings results on Thursday, February 15th. The software maker reported $2.98 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $3.04 by ($0.06). The business had revenue of $2.24 billion during the quarter, compared to analyst estimates of $2.41 billion. Insight Enterprises had a net margin of 3.07% and a return on equity of 20.64%. The business’s revenue for the quarter was down 10.7% compared to the same quarter last year. During the same period last year, the company earned $2.53 earnings per share. On average, equities research analysts forecast that Insight Enterprises, Inc. will post 10.59 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.