Spark Investment Management LLC decreased its stake in Insight Enterprises, Inc. (NASDAQ:NSIT) by 46.2% during the second quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 21,900 shares of the software maker’s stock after selling 18,800 shares during the period. Spark Investment Management LLC’s holdings in Insight Enterprises were worth $875,000 as of its most recent filing with the SEC.

Other large investors have also recently added to or reduced their stakes in the company. Great West Life Assurance Co. Can boosted its stake in Insight Enterprises by 4.0% in the second quarter. Great West Life Assurance Co. Can now owns 52,265 shares of the software maker’s stock valued at $2,088,000 after buying an additional 2,000 shares during the period. Bowling Portfolio Management LLC purchased a new stake in Insight Enterprises during the second quarter valued at about $1,004,000. Russell Investments Group Ltd. boosted its stake in Insight Enterprises by 9.4% in the second quarter. Russell Investments Group Ltd. now owns 324,027 shares of the software maker’s stock valued at $12,958,000 after buying an additional 27,743 shares during the period. First Midwest Bank Trust Division boosted its stake in Insight Enterprises by 2.8% in the second quarter. First Midwest Bank Trust Division now owns 12,995 shares of the software maker’s stock valued at $520,000 after buying an additional 350 shares during the period. Finally, First Quadrant L P CA boosted its stake in Insight Enterprises by 72.3% in the second quarter. First Quadrant L P CA now owns 76,516 shares of the software maker’s stock valued at $3,060,000 after buying an additional 32,116 shares during the period. 97.16% of the stock is owned by institutional investors and hedge funds.

Shares of Insight Enterprises, Inc. (NSIT) opened at 42.03 on Friday. The stock’s 50 day moving average is $41.45 and its 200 day moving average is $41.83. The stock has a market capitalization of $1.50 billion, a PE ratio of 15.61 and a beta of 1.63. Insight Enterprises, Inc. has a 52-week low of $28.15 and a 52-week high of $53.19.

Insight Enterprises (NASDAQ:NSIT) last released its quarterly earnings results on Wednesday, August 2nd. The software maker reported $1.14 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.95 by $0.19. The business had revenue of $1.68 billion during the quarter, compared to analyst estimates of $1.68 billion. Insight Enterprises had a net margin of 1.61% and a return on equity of 14.93%. The business’s revenue was up 15.4% on a year-over-year basis. During the same period last year, the business earned $0.97 EPS. Equities research analysts expect that Insight Enterprises, Inc. will post $3.23 earnings per share for the current fiscal year.

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Several equities research analysts have recently issued reports on the stock. BidaskClub cut shares of Insight Enterprises from a “hold” rating to a “sell” rating in a research report on Wednesday. B. Riley raised shares of Insight Enterprises to a “buy” rating and set a $54.50 price objective for the company in a research report on Tuesday. Zacks Investment Research raised shares of Insight Enterprises from a “hold” rating to a “buy” rating and set a $52.00 price objective for the company in a research report on Saturday, August 5th. Finally, Stifel Nicolaus reaffirmed a “hold” rating and set a $45.00 price objective (up from $42.00) on shares of Insight Enterprises in a research report on Thursday, August 3rd. Two investment analysts have rated the stock with a sell rating, one has given a hold rating and two have given a buy rating to the stock. The company presently has an average rating of “Hold” and an average price target of $50.50.

In related news, CFO Glynis Bryan sold 3,946 shares of the firm’s stock in a transaction on Thursday, May 25th. The shares were sold at an average price of $42.00, for a total transaction of $165,732.00. Following the completion of the sale, the chief financial officer now directly owns 39,643 shares of the company’s stock, valued at approximately $1,665,006. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. 1.23% of the stock is currently owned by company insiders.

Insight Enterprises Company Profile

Insight Enterprises, Inc is engaged in providing information technology (IT) hardware, software, and cloud and service solutions to business, government, healthcare and educational clients. The Company operates through three segments: North America, EMEA and APAC. North America comprises the United States and Canada; EMEA comprises Europe, the Middle East and Africa, and APAC comprises Asia Pacific.

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

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