New York State Teachers Retirement System raised its stake in shares of Insight Enterprises, Inc. (NASDAQ:NSIT) by 0.1% during the first quarter, Holdings Channel reports. The fund owned 109,421 shares of the software maker’s stock after buying an additional 100 shares during the period. New York State Teachers Retirement System’s holdings in Insight Enterprises were worth $4,496,000 at the end of the most recent reporting period.

Several other institutional investors have also bought and sold shares of NSIT. First Midwest Bank Trust Division raised its position in shares of Insight Enterprises by 3.5% in the first quarter. First Midwest Bank Trust Division now owns 12,645 shares of the software maker’s stock worth $520,000 after buying an additional 433 shares in the last quarter. Russell Investments Group Ltd. raised its position in shares of Insight Enterprises by 38.5% in the first quarter. Russell Investments Group Ltd. now owns 296,284 shares of the software maker’s stock worth $12,174,000 after buying an additional 82,359 shares in the last quarter. Acadian Asset Management LLC raised its position in shares of Insight Enterprises by 5.8% in the first quarter. Acadian Asset Management LLC now owns 1,308,316 shares of the software maker’s stock worth $53,758,000 after buying an additional 72,041 shares in the last quarter. James Investment Research Inc. raised its position in shares of Insight Enterprises by 1.6% in the first quarter. James Investment Research Inc. now owns 258,219 shares of the software maker’s stock worth $10,611,000 after buying an additional 4,015 shares in the last quarter. Finally, State of Alaska Department of Revenue raised its position in shares of Insight Enterprises by 2.1% in the first quarter. State of Alaska Department of Revenue now owns 3,920 shares of the software maker’s stock worth $161,000 after buying an additional 80 shares in the last quarter. Institutional investors and hedge funds own 97.85% of the company’s stock.

Insight Enterprises, Inc. (NASDAQ:NSIT) opened at 40.19 on Monday. The firm has a 50-day moving average of $42.14 and a 200-day moving average of $41.47. Insight Enterprises, Inc. has a one year low of $24.23 and a one year high of $53.19. The firm has a market cap of $1.44 billion, a price-to-earnings ratio of 15.86 and a beta of 1.64.

Insight Enterprises (NASDAQ:NSIT) last issued its quarterly earnings results on Wednesday, May 3rd. The software maker reported $0.56 earnings per share for the quarter, beating analysts’ consensus estimates of $0.29 by $0.27. Insight Enterprises had a net margin of 1.58% and a return on equity of 14.68%. The firm had revenue of $1.48 billion during the quarter, compared to the consensus estimate of $1.37 billion. During the same period in the prior year, the firm earned $0.21 EPS. The business’s revenue was up 26.4% on a year-over-year basis. Analysts anticipate that Insight Enterprises, Inc. will post $3.08 EPS for the current year.

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NSIT has been the topic of a number of recent analyst reports. Zacks Investment Research upgraded shares of Insight Enterprises from a “sell” rating to a “hold” rating in a report on Wednesday, April 5th. Stifel Nicolaus boosted their price objective on shares of Insight Enterprises from $36.00 to $42.00 and gave the stock a “hold” rating in a report on Thursday, May 4th. BidaskClub lowered shares of Insight Enterprises from a “buy” rating to a “hold” rating in a report on Saturday, June 17th. Finally, B. Riley reiterated a “neutral” rating and issued a $48.00 price objective on shares of Insight Enterprises in a report on Sunday, May 7th. One equities research analyst has rated the stock with a sell rating and four have issued a hold rating to the company. The stock currently has a consensus rating of “Hold” and an average target price of $47.67.

In other Insight Enterprises news, CFO Glynis Bryan sold 3,946 shares of the stock in a transaction on Thursday, May 25th. The shares were sold at an average price of $42.00, for a total value 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 sale was disclosed in a legal filing with the SEC, which is available through the SEC website. 1.23% of the stock is owned by corporate 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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