New York State Teachers Retirement System Has $5.71 Million Stake in Insight Enterprises, Inc. (NASDAQ:NSIT)

New York State Teachers Retirement System decreased its stake in shares of Insight Enterprises, Inc. (NASDAQ:NSIT) by 3.2% in the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 98,103 shares of the software maker’s stock after selling 3,240 shares during the quarter. New York State Teachers Retirement System owned about 0.27% of Insight Enterprises worth $5,710,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds also recently made changes to their positions in NSIT. Norges Bank acquired a new stake in shares of Insight Enterprises during the 4th quarter worth approximately $18,557,000. American Century Companies Inc. bought a new position in shares of Insight Enterprises in the 4th quarter worth $3,933,000. ClariVest Asset Management LLC lifted its holdings in shares of Insight Enterprises by 65.2% in the 1st quarter. ClariVest Asset Management LLC now owns 236,190 shares of the software maker’s stock worth $13,004,000 after purchasing an additional 93,181 shares in the last quarter. Millennium Management LLC lifted its holdings in shares of Insight Enterprises by 110.9% in the 4th quarter. Millennium Management LLC now owns 129,372 shares of the software maker’s stock worth $5,272,000 after purchasing an additional 68,020 shares in the last quarter. Finally, New Amsterdam Partners LLC NY bought a new position in shares of Insight Enterprises in the 1st quarter worth $3,292,000. 97.87% of the stock is owned by institutional investors.

NASDAQ:NSIT traded down $1.66 during trading hours on Friday, hitting $53.39. 166,312 shares of the company traded hands, compared to its average volume of 147,709. The company has a debt-to-equity ratio of 0.11, a quick ratio of 1.39 and a current ratio of 1.53. The business’s 50-day simple moving average is $56.61. Insight Enterprises, Inc. has a one year low of $37.77 and a one year high of $60.10. The firm has a market cap of $1.97 billion, a P/E ratio of 11.53 and a beta of 1.15.

Insight Enterprises (NASDAQ:NSIT) last issued its quarterly earnings data on Wednesday, May 1st. The software maker reported $1.10 earnings per share for the quarter, beating the consensus estimate of $0.90 by $0.20. Insight Enterprises had a return on equity of 17.80% and a net margin of 2.42%. The business had revenue of $1.69 billion for the quarter, compared to analysts’ expectations of $1.66 billion. During the same period last year, the business earned $0.90 EPS. The business’s revenue was down 3.3% on a year-over-year basis. On average, analysts forecast that Insight Enterprises, Inc. will post 4.82 earnings per share for the current fiscal year.

A number of equities analysts recently issued reports on NSIT shares. ValuEngine cut Insight Enterprises from a “hold” rating to a “sell” rating in a report on Friday. B. Riley reiterated a “buy” rating on shares of Insight Enterprises in a report on Monday, April 29th. BidaskClub cut Insight Enterprises from a “buy” rating to a “hold” rating in a report on Wednesday, July 24th. Stifel Nicolaus increased their target price on Insight Enterprises from $54.00 to $60.00 and gave the stock a “hold” rating in a report on Monday, June 24th. Finally, Zacks Investment Research cut Insight Enterprises from a “buy” rating to a “hold” rating in a report on Wednesday, July 3rd. One analyst has rated the stock with a sell rating, three have assigned a hold rating and one has assigned a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and an average price target of $60.33.

About Insight Enterprises

Insight Enterprises, Inc provides information technology (IT) hardware, software, and services solutions in the United States, Canada, Europe, the Middle East, Africa, and the Asia-Pacific. It sources, procures, stages, configures, integrates, tests, deploys, and maintains IT products spanning endpoints to infrastructure; and offers software life cycle, and hardware warranty and software maintenance services.

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Institutional Ownership by Quarter for Insight Enterprises (NASDAQ:NSIT)

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