Mirae Asset Global Investments Co. Ltd. Sells 1,420 Shares of Insight Enterprises, Inc. (NASDAQ:NSIT)

Mirae Asset Global Investments Co. Ltd. lessened its stake in shares of Insight Enterprises, Inc. (NASDAQ:NSIT) by 8.7% in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 14,979 shares of the software maker’s stock after selling 1,420 shares during the period. Mirae Asset Global Investments Co. Ltd.’s holdings in Insight Enterprises were worth $2,654,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Federated Hermes Inc. boosted its holdings in shares of Insight Enterprises by 40.2% during the 3rd quarter. Federated Hermes Inc. now owns 366 shares of the software maker’s stock valued at $30,000 after purchasing an additional 105 shares during the last quarter. Ronald Blue Trust Inc. boosted its holdings in shares of Insight Enterprises by 182.6% during the 3rd quarter. Ronald Blue Trust Inc. now owns 486 shares of the software maker’s stock valued at $71,000 after purchasing an additional 314 shares during the last quarter. Anchor Investment Management LLC bought a new position in shares of Insight Enterprises in the 4th quarter valued at about $89,000. International Assets Investment Management LLC bought a new position in shares of Insight Enterprises in the 4th quarter valued at about $94,000. Finally, Blue Trust Inc. lifted its holdings in shares of Insight Enterprises by 13.2% in the 4th quarter. Blue Trust Inc. now owns 550 shares of the software maker’s stock valued at $97,000 after acquiring an additional 64 shares during the last quarter.

Wall Street Analysts Forecast Growth

NSIT has been the subject of a number of analyst reports. Barrington Research reaffirmed an “outperform” rating and issued a $211.00 price target on shares of Insight Enterprises in a report on Tuesday, March 5th. Stifel Nicolaus increased their price objective on shares of Insight Enterprises from $170.00 to $192.00 and gave the stock a “hold” rating in a research report on Monday. JPMorgan Chase & Co. increased their price objective on shares of 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 lowered shares of Insight Enterprises from a “buy” rating to a “hold” rating in a research report on Friday, January 26th.

Insight Enterprises Stock Performance

Insight Enterprises stock opened at $181.00 on Friday. The firm has a market capitalization of $5.89 billion, a P/E ratio of 23.97, a price-to-earnings-growth ratio of 1.32 and a beta of 1.51. The company’s 50-day moving average is $185.17 and its 200 day moving average is $171.52. Insight Enterprises, Inc. has a 1-year low of $117.99 and a 1-year high of $194.57. The company has a debt-to-equity ratio of 0.34, a current ratio of 1.28 and a quick ratio of 1.23.

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

Insider Transactions at Insight Enterprises

In other news, CAO Rachael Ann Bertrandt Crump sold 1,850 shares of the firm’s stock in a transaction that occurred on Thursday, February 22nd. The shares were sold at an average price of $182.67, for a total transaction of $337,939.50. Following 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 SEC, which is accessible through this hyperlink. In related news, insider Samuel C. Cowley sold 7,278 shares of Insight Enterprises stock in a transaction that occurred on Tuesday, February 27th. The shares were sold at an average price of $187.62, for a total transaction of $1,365,498.36. Following the transaction, the insider now directly owns 23,009 shares of the company’s stock, valued at $4,316,948.58. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, CAO Rachael Ann Bertrandt Crump sold 1,850 shares of Insight Enterprises stock in a transaction that occurred on Thursday, February 22nd. The shares were sold at an average price of $182.67, for a total transaction of $337,939.50. Following the transaction, the chief accounting officer now directly owns 4,436 shares in the company, valued at $810,324.12. The disclosure for this sale can be found here. Over the last three months, insiders have sold 20,918 shares of company stock valued at $3,888,203. 1.23% of the stock is currently owned by company insiders.

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.