Insight Enterprises, Inc. (NASDAQ:NSIT) Shares Sold by Cascade Investment Advisors Inc.

Cascade Investment Advisors Inc. cut its stake in shares of Insight Enterprises, Inc. (NASDAQ:NSIT) by 8.3% during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 9,515 shares of the software maker’s stock after selling 865 shares during the quarter. Insight Enterprises comprises about 1.1% of Cascade Investment Advisors Inc.’s investment portfolio, making the stock its 29th largest position. Cascade Investment Advisors Inc.’s holdings in Insight Enterprises were worth $1,765,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also made changes to their positions in the company. GAMMA Investing LLC acquired a new position in shares of Insight Enterprises during the 4th quarter worth $40,000. SRS Capital Advisors Inc. acquired a new position in shares of Insight Enterprises during the 4th quarter worth $46,000. Signaturefd LLC grew its stake in Insight Enterprises by 26.9% in the 4th quarter. Signaturefd LLC now owns 392 shares of the software maker’s stock valued at $69,000 after acquiring an additional 83 shares during the last quarter. Anchor Investment Management LLC acquired a new stake in Insight Enterprises in the 4th quarter valued at about $89,000. Finally, International Assets Investment Management LLC acquired a new stake in Insight Enterprises in the 4th quarter valued at about $94,000.

Insight Enterprises Trading Up 0.4 %

Shares of NSIT stock traded up $0.91 during trading hours on Thursday, hitting $208.03. 163,934 shares of the company were exchanged, compared to its average volume of 232,763. Insight Enterprises, Inc. has a 1 year low of $130.85 and a 1 year high of $212.44. The firm has a fifty day moving average of $189.97 and a 200 day moving average of $180.33. The company has a quick ratio of 1.22, a current ratio of 1.27 and a debt-to-equity ratio of 0.31. The firm has a market cap of $6.77 billion, a PE ratio of 26.17, a PEG ratio of 1.61 and a beta of 1.50.

Insight Enterprises (NASDAQ:NSIT) last posted its quarterly earnings results on Thursday, May 2nd. The software maker reported $2.37 EPS for the quarter, beating the consensus estimate of $1.82 by $0.55. Insight Enterprises had a net margin of 3.23% and a return on equity of 21.34%. The firm had revenue of $2.38 billion for the quarter, compared to analyst estimates of $2.30 billion. During the same quarter last year, the firm posted $1.78 earnings per share. Insight Enterprises’s revenue for the quarter was up 2.4% compared to the same quarter last year. Analysts expect that Insight Enterprises, Inc. will post 10.78 earnings per share for the current year.

Insider Activity at Insight Enterprises

In related news, CEO Joyce A. Mullen sold 10,000 shares of the firm’s stock in a transaction that occurred on Thursday, May 9th. The shares were sold at an average price of $201.08, for a total value of $2,010,800.00. Following the transaction, the chief executive officer now owns 40,807 shares in the company, valued at $8,205,471.56. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. In other Insight Enterprises news, Director Kathleen S. Pushor sold 1,790 shares of the stock in a transaction that occurred on Friday, February 23rd. The shares were sold at an average price of $185.12, for a total value of $331,364.80. Following the completion of the sale, the director now owns 5,800 shares of the company’s stock, valued at $1,073,696. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Joyce A. Mullen sold 10,000 shares of the stock in a transaction that occurred on Thursday, May 9th. The shares were sold at an average price of $201.08, for a total transaction of $2,010,800.00. Following the completion of the sale, the chief executive officer now directly owns 40,807 shares of the company’s stock, valued at approximately $8,205,471.56. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 29,068 shares of company stock worth $5,561,063. Company insiders own 1.23% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts recently commented on NSIT shares. Stifel Nicolaus increased their price objective on shares of Insight Enterprises from $170.00 to $192.00 and gave the company a “hold” rating in a research note on Monday, April 15th. JPMorgan Chase & Co. increased their price objective on shares of Insight Enterprises from $193.00 to $195.00 and gave the stock a “neutral” rating in a report on Friday, May 3rd. StockNews.com lowered shares of Insight Enterprises from a “buy” rating to a “hold” rating in a report on Saturday, May 11th. Finally, Barrington Research increased their price objective on shares of Insight Enterprises from $211.00 to $225.00 and gave the stock an “outperform” rating in a report on Thursday, May 9th.

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.