Insight Enterprises, Inc. (NASDAQ:NSIT) Shares Purchased by One Wealth Advisors LLC

One Wealth Advisors LLC raised its holdings in shares of Insight Enterprises, Inc. (NASDAQ:NSIT) by 4.7% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,379 shares of the software maker’s stock after buying an additional 62 shares during the period. One Wealth Advisors LLC’s holdings in Insight Enterprises were worth $297,000 at the end of the most recent reporting period.

A number of other institutional investors have also made changes to their positions in the company. Vanguard Group Inc. lifted its position in shares of Insight Enterprises by 0.3% during the first quarter. Vanguard Group Inc. now owns 3,871,959 shares of the software maker’s stock worth $718,326,000 after purchasing an additional 13,072 shares in the last quarter. Capital World Investors lifted its position in shares of Insight Enterprises by 27.8% during the first quarter. Capital World Investors now owns 2,149,092 shares of the software maker’s stock worth $398,700,000 after purchasing an additional 467,088 shares in the last quarter. Capital Research Global Investors lifted its position in shares of Insight Enterprises by 54.9% during the first quarter. Capital Research Global Investors now owns 907,709 shares of the software maker’s stock worth $168,398,000 after purchasing an additional 321,780 shares in the last quarter. Westfield Capital Management Co. LP increased its stake in shares of Insight Enterprises by 28.0% in the first 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 during the last quarter. Finally, Bank of New York Mellon Corp increased its stake in shares of 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 worth $56,790,000 after buying an additional 36,790 shares during the last quarter.

Analysts Set New Price Targets

A number of analysts recently issued reports on NSIT shares. JPMorgan Chase & Co. dropped their price target on shares of Insight Enterprises from $233.00 to $225.00 and set a “neutral” rating for the company in a research note on Friday, August 2nd. Stifel Nicolaus boosted their target price on shares of Insight Enterprises from $192.00 to $200.00 and gave the company a “hold” rating in a research note on Wednesday, July 17th. StockNews.com lowered shares of Insight Enterprises from a “buy” rating to a “hold” rating in a research note on Friday, July 5th. Finally, Barrington Research reiterated an “outperform” rating and set a $225.00 target price on shares of Insight Enterprises in a research note on Friday, September 20th.

Insider Transactions at Insight Enterprises

In other news, insider Jennifer M. Vasin sold 739 shares of the company’s stock in a transaction dated Monday, August 19th. The shares were sold at an average price of $206.03, for a total transaction of $152,256.17. Following the completion of the transaction, the insider now owns 5,460 shares in the company, valued at approximately $1,124,923.80. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 1.23% of the company’s stock.

Insight Enterprises Stock Down 0.6 %

NSIT stock opened at $222.29 on Friday. The company has a debt-to-equity ratio of 0.36, a current ratio of 1.22 and a quick ratio of 1.19. Insight Enterprises, Inc. has a 1-year low of $139.34 and a 1-year high of $228.07. The firm has a fifty day moving average price of $209.83 and a two-hundred day moving average price of $202.04. The firm has a market cap of $7.24 billion, a price-to-earnings ratio of 27.96, a PEG ratio of 1.75 and a beta of 1.45.

Insight Enterprises (NASDAQ:NSIT) last released its quarterly earnings results 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 firm had revenue of $2.16 billion for the quarter, compared to the consensus estimate of $2.47 billion. Insight Enterprises had a return on equity of 20.38% and a net margin of 3.38%. The firm’s revenue was down 8.0% on a year-over-year basis. During the same quarter in the prior year, the company posted $2.56 EPS. Research analysts predict that Insight Enterprises, Inc. will post 10.68 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.