State of New Jersey Common Pension Fund D Has $2.98 Million Stock Position in Insight Enterprises, Inc. (NASDAQ:NSIT)

State of New Jersey Common Pension Fund D lifted its stake in Insight Enterprises, Inc. (NASDAQ:NSIT) by 7.0% in the fourth quarter, HoldingsChannel reports. The firm owned 16,817 shares of the software maker’s stock after purchasing an additional 1,101 shares during the period. State of New Jersey Common Pension Fund D’s holdings in Insight Enterprises were worth $2,980,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also modified their holdings of NSIT. Pacer Advisors Inc. boosted its position in shares of Insight Enterprises by 53.1% in the 4th quarter. Pacer Advisors Inc. now owns 712,197 shares of the software maker’s stock valued at $126,194,000 after purchasing an additional 247,049 shares during the period. Vanguard Group Inc. boosted its position in shares of Insight Enterprises by 6.4% in the 3rd quarter. Vanguard Group Inc. now owns 4,111,475 shares of the software maker’s stock valued at $598,220,000 after purchasing an additional 245,814 shares during the period. Assenagon Asset Management S.A. acquired a new position in shares of Insight Enterprises in the 3rd quarter valued at $12,131,000. Kennedy Capital Management LLC boosted its position in shares of Insight Enterprises by 83.1% in the 3rd quarter. Kennedy Capital Management LLC now owns 164,489 shares of the software maker’s stock valued at $23,933,000 after purchasing an additional 74,655 shares during the period. Finally, Tudor Investment Corp Et Al boosted its position in shares of Insight Enterprises by 169.4% in the 3rd quarter. Tudor Investment Corp Et Al now owns 72,503 shares of the software maker’s stock valued at $10,549,000 after purchasing an additional 45,588 shares during the period.

Insight Enterprises Trading Up 0.1 %

Shares of NASDAQ NSIT opened at $182.75 on Friday. The firm has a market capitalization of $5.95 billion, a PE ratio of 24.21, a PEG ratio of 1.33 and a beta of 1.51. The company has a current ratio of 1.28, a quick ratio of 1.23 and a debt-to-equity ratio of 0.34. Insight Enterprises, Inc. has a one year low of $117.99 and a one year high of $194.57. The business has a 50-day moving average price of $184.61 and a two-hundred day moving average price of $173.35.

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 the consensus estimate of $3.04 by ($0.06). The firm had revenue of $2.24 billion for 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 firm’s quarterly revenue was down 10.7% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $2.53 earnings per share. As a group, analysts predict that Insight Enterprises, Inc. will post 10.59 earnings per share for the current fiscal year.

Insider Activity

In other news, Director Kathleen S. Pushor sold 1,790 shares of Insight Enterprises stock in a transaction dated Friday, February 23rd. The stock was sold at an average price of $185.12, for a total transaction of $331,364.80. Following the completion of the sale, the director now directly owns 5,800 shares in the company, valued at approximately $1,073,696. The sale was disclosed in a filing with the SEC, which can be accessed through this link. In related news, Director Kathleen S. Pushor sold 1,790 shares of the firm’s stock in a transaction that occurred on Friday, February 23rd. The stock was sold at an average price of $185.12, for a total value of $331,364.80. Following the transaction, the director now directly owns 5,800 shares of the company’s stock, valued at approximately $1,073,696. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, 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 value of $337,939.50. Following the completion of 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. Insiders sold a total of 20,918 shares of company stock worth $3,888,203 in the last three months. 1.23% of the stock is owned by insiders.

Analyst Ratings Changes

A number of research firms recently weighed in on NSIT. StockNews.com lowered Insight Enterprises from a “buy” rating to a “hold” rating in a research report on Friday, January 26th. Barrington Research restated an “outperform” rating and set a $211.00 price objective on shares of Insight Enterprises in a research report on Tuesday, April 23rd. JPMorgan Chase & Co. raised 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, Stifel Nicolaus raised 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.

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.