VIRGINIA RETIREMENT SYSTEMS ET Al Buys Shares of 27,366 Insight Enterprises, Inc. $NSIT

VIRGINIA RETIREMENT SYSTEMS ET Al purchased a new position in shares of Insight Enterprises, Inc. (NASDAQ:NSIT) during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund purchased 27,366 shares of the software maker’s stock, valued at approximately $3,333,000.

A number of other institutional investors also recently made changes to their positions in the stock. California State Teachers Retirement System increased its stake in shares of Insight Enterprises by 11,754.5% during the second quarter. California State Teachers Retirement System now owns 4,116,353 shares of the software maker’s stock valued at $501,372,000 after acquiring an additional 4,081,629 shares during the period. Studio Investment Management LLC raised its holdings in Insight Enterprises by 2.9% during the second quarter. Studio Investment Management LLC now owns 3,657 shares of the software maker’s stock worth $445,000 after purchasing an additional 102 shares in the last quarter. Nykredit A S acquired a new stake in Insight Enterprises in the second quarter worth approximately $190,000. Two Sigma Securities LLC boosted its stake in Insight Enterprises by 26.1% during the 2nd quarter. Two Sigma Securities LLC now owns 8,452 shares of the software maker’s stock valued at $1,029,000 after purchasing an additional 1,752 shares in the last quarter. Finally, Alyeska Investment Group L.P. bought a new position in Insight Enterprises during the 2nd quarter valued at $26,602,000.

Insight Enterprises Trading Down 0.8%

Insight Enterprises stock opened at $156.05 on Thursday. The firm has a market cap of $4.58 billion, a price-to-earnings ratio of 22.85, a price-to-earnings-growth ratio of 1.14 and a beta of 1.10. Insight Enterprises, Inc. has a 1 year low of $63.62 and a 1 year high of $161.76. The firm’s 50 day moving average price is $136.73 and its two-hundred day moving average price is $105.18. The company has a debt-to-equity ratio of 0.92, a quick ratio of 1.15 and a current ratio of 1.18.

Insight Enterprises (NASDAQ:NSIT) last announced its quarterly earnings data on Thursday, August 6th. The software maker reported $3.86 EPS for the quarter, beating analysts’ consensus estimates of $2.93 by $0.93. The company had revenue of $2.40 billion during the quarter, compared to the consensus estimate of $2.18 billion. Insight Enterprises had a return on equity of 22.70% and a net margin of 2.45%.The company’s quarterly revenue was up 14.7% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $2.45 EPS. Insight Enterprises has set its FY 2026 guidance at 12.200-12.700 EPS. On average, research analysts predict that Insight Enterprises, Inc. will post 11.5 EPS for the current fiscal year.

Analysts Set New Price Targets

NSIT has been the topic of a number of research reports. Zacks Research raised Insight Enterprises from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, July 7th. Raymond James Financial reaffirmed an “outperform” rating and set a $175.00 target price on shares of Insight Enterprises in a research note on Thursday, August 6th. Needham & Company LLC raised Insight Enterprises to an “overweight” rating in a report on Wednesday, May 27th. Barrington Research set a $180.00 price target on shares of Insight Enterprises in a research report on Monday, August 10th. Finally, JPMorgan Chase & Co. upped their price target on shares of Insight Enterprises from $135.00 to $160.00 and gave the company a “neutral” rating in a report on Friday, August 7th. One research analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and three have assigned a Hold rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $147.50.

Insider Activity at Insight Enterprises

In other news, General Counsel Karim Adatia sold 248 shares of the company’s stock in a transaction on Friday, August 28th. The stock was sold at an average price of $157.40, for a total transaction of $39,035.20. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 1.21% of the stock is currently owned by corporate insiders.

Insight Enterprises Profile

Insight Enterprises, Inc is a global technology provider headquartered in Tempe, Arizona. Founded in 1988, the company specializes in helping organizations harness the power of digital transformation by offering a comprehensive portfolio of IT hardware, software, cloud and licensing management solutions. Insight’s expertise spans across the full technology lifecycle, from initial strategy and consulting to implementation, integration and ongoing managed services.

At the core of Insight’s business are its consulting and professional services, which guide clients through complex technology environments and ensure optimal deployment of solutions.