Capital Research Global Investors Has $117.71 Million Stock Holdings in Insight Enterprises, Inc. (NASDAQ:NSIT)

Capital Research Global Investors decreased its holdings in shares of Insight Enterprises, Inc. (NASDAQ:NSIT) by 25.3% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 773,888 shares of the software maker’s stock after selling 261,702 shares during the quarter. Capital Research Global Investors owned approximately 2.44% of Insight Enterprises worth $117,708,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also modified their holdings of the company. Pacer Advisors Inc. increased its position in Insight Enterprises by 26.6% during the fourth quarter. Pacer Advisors Inc. now owns 1,073,262 shares of the software maker’s stock worth $163,243,000 after buying an additional 225,283 shares during the last quarter. Dimensional Fund Advisors LP increased its holdings in shares of Insight Enterprises by 0.4% during the 4th quarter. Dimensional Fund Advisors LP now owns 821,409 shares of the software maker’s stock valued at $124,934,000 after acquiring an additional 2,944 shares during the last quarter. Massachusetts Financial Services Co. MA acquired a new position in shares of Insight Enterprises during the 4th quarter valued at about $57,380,000. Norges Bank bought a new position in shares of Insight Enterprises in the 4th quarter valued at approximately $47,585,000. Finally, Wellington Management Group LLP lifted its holdings in Insight Enterprises by 65.7% in the 4th quarter. Wellington Management Group LLP now owns 270,797 shares of the software maker’s stock worth $41,188,000 after purchasing an additional 107,397 shares during the last quarter.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently commented on NSIT shares. Barrington Research dropped their price target on shares of Insight Enterprises from $205.00 to $164.00 and set an “outperform” rating on the stock in a research report on Friday, April 4th. JPMorgan Chase & Co. dropped their target price on shares of Insight Enterprises from $193.00 to $156.00 and set a “neutral” rating on the stock in a report on Thursday. Three equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $185.00.

Insight Enterprises Trading Up 0.0 %

Shares of Insight Enterprises stock opened at $133.35 on Monday. Insight Enterprises, Inc. has a 1 year low of $126.10 and a 1 year high of $228.07. The company’s fifty day simple moving average is $150.11 and its 200-day simple moving average is $164.85. The company has a market cap of $4.24 billion, a price-to-earnings ratio of 20.45, a PEG ratio of 1.40 and a beta of 1.31. The company has a current ratio of 1.18, a quick ratio of 1.15 and a debt-to-equity ratio of 0.30.

Insight Enterprises (NASDAQ:NSIT) last posted its quarterly earnings results on Thursday, February 6th. The software maker reported $2.66 earnings per share (EPS) for the quarter, topping 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 last year, the business posted $2.98 EPS. As a group, sell-side analysts expect that Insight Enterprises, Inc. will post 9.89 EPS for the current year.

Insight Enterprises 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.