Carnegie Capital Asset Management LLC reduced its stake in shares of Insight Enterprises, Inc. (NASDAQ: NSIT – Get a rating) by 6.4% in the 1st quarter, Holdings Channel.com reports. The company held 17,550 shares of the software maker after selling 1,200 shares during the period. Carnegie Capital Asset Management LLC’s holdings in Insight Enterprises were worth $1,883,000 when it last filed with the Securities and Exchange Commission (SEC).
Several other hedge funds and other institutional investors have also recently changed their holdings in NSIT. Lazard Asset Management LLC acquired a new stake in shares of Insight Enterprises during the fourth quarter at a value of $28,000. EverSource Wealth Advisors LLC acquired a new stake in Insight Enterprises in the fourth quarter valued at $31,000. Cassady Schiller Wealth Management LLC acquired a new stake in Insight Enterprises in the fourth quarter worth $53,000. Barrow Hanley Mewhinney & Strauss LLC increased its stake in Insight Enterprises by 590.9% in the fourth quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 1,444 shares of the software maker valued at $154,000 after acquiring 1,235 additional shares during the period. Finally, Valmark Advisers Inc. acquired a new stake in Insight Enterprises in the fourth quarter at a value of $203,000.
Separately, StockNews.com downgraded Insight Enterprises from a “buy” rating to a “hold” rating in a Wednesday, May 11 report.
Separately, insider Samuel C. Cowley sold 5,343 shares of Insight Enterprises in a trade dated Monday, May 9. The stock was sold at an average price of $100.68, for a total transaction of $537,933.24. Following the completion of the sale, the insider now owns 25,000 shares of the company, valued at approximately $2,517,000. The transaction was disclosed in an SEC filing, available at the SEC website. Additionally, Director Holdings LP Valueact acquired 40,000 shares of the company in a transaction that took place on Friday, May 27. The shares were purchased at an average price of $99.07 per share, with a total value of $3,962,800.00. Following the transaction, the administrator now owns 4,099,226 shares of the company, valued at approximately $406,110,319.82. Disclosure of this purchase can be found here. Insiders purchased a total of 298,883 shares of the company valued at $29,223,189 over the past ninety days. Company insiders hold 1.61% of the company’s shares.
Insight Enterprises Stocks opened at $85.80 on Thursday. The company has a market capitalization of $3.01 billion, a P/E ratio of 13.60, a price-to-earnings growth ratio of 0.91 and a beta of 1.65. The company has a debt ratio of 0.24, a quick ratio of 1.26 and a current ratio of 1.41. Insight Enterprises, Inc. has a one-year low of $84.85 and a one-year high of $111.02. The company has a fifty-day moving average of $98.17 and a two-hundred-day moving average of $100.60.
Insight Companies (NASDAQ: NSIT – Get a rating) last released its quarterly results on Thursday, May 5. The software maker reported earnings per share (EPS) of $1.81 for the quarter, beating the consensus estimate of $1.60 by $0.21. The company posted revenue of $2.65 billion in the quarter, versus a consensus estimate of $2.41 billion. Insight Enterprises had a return on equity of 18.24% and a net margin of 2.35%. The company’s revenue increased 20.9% year over year. In the same quarter a year earlier, the company posted EPS of $1.30. Sell-side analysts expect Insight Enterprises, Inc. to post EPS of 8.06 for the current year.
Insight Enterprises Company Profile (Get a rating)
IInsight Enterprises, Inc, together with its subsidiaries, provides information technology (IT) hardware, software and services solutions in the United States, Canada, Europe, the Middle East, Africa and Asia-Pacific . The company’s solution portfolio includes cloud enablement, data and AI, DevOps, digital strategy, intelligent applications and edge and IoT solutions, and transformation services.
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