Envestnet Asset Management Inc. Sells 389 Shares of Insight Enterprises, Inc. (NASDAQ:NSIT)

Envestnet Asset Management Inc. lessened its holdings in shares of Insight Enterprises, Inc. (NASDAQ:NSIT – Get Rating) by 1.6% in the 4th quarter, according to its most recent filing with the SEC. The fund owned 24,496 shares of the software maker’s stock after selling 389 shares during the period. Envestnet Asset Management Inc.’s holdings in Insight Enterprises were worth $2,456,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in the company. Raymond James & Associates boosted its position in Insight Enterprises by 14.3% in the 1st quarter. Raymond James & Associates now owns 3,020 shares of the software maker’s stock valued at $324,000 after buying an additional 377 shares during the last quarter. Raymond James Financial Services Advisors Inc. bought a new stake in shares of Insight Enterprises during the first quarter worth approximately $410,000. Bank of Montreal Can raised its position in shares of Insight Enterprises by 7.6% in the first quarter. Bank of Montreal Can now owns 11,631 shares of the software maker’s stock valued at $1,268,000 after buying an additional 826 shares in the last quarter. MetLife Investment Management LLC raised its position in shares of Insight Enterprises by 54.0% in the first quarter. MetLife Investment Management LLC now owns 18,092 shares of the software maker’s stock valued at $1,942,000 after buying an additional 6,347 shares in the last quarter. Finally, Rhumbline Advisers raised its position in Insight Enterprises by 2.5% during the first quarter. Rhumbline Advisers now owns 101,604 shares of the software maker’s stock valued at $10,904,000 after purchasing an additional 2,524 shares in the last quarter.

Analyst Upgrades and Downgrades

A number of research firms have weighed in on NSIT. Stifel Nicolaus decreased their target price on shares of Insight Enterprises from $150.00 to $140.00 and set a “hold” rating on the stock in a research note on Friday, April 21st. Barrington Research dropped their price target on shares of Insight Enterprises from $150.00 to $146.00 in a research report on Monday, May 8th. StockNews.com began coverage on shares of Insight Enterprises in a research report on Thursday. They set a “hold” rating on the stock. Finally, Sidoti reiterated a “neutral” rating and issued a $127.00 price objective on shares of Insight Enterprises in a research note on Monday, February 6th. Four analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. According to MarketBeat.com, Insight Enterprises has a consensus rating of “Hold” and an average price target of $127.75.

Insiders Place Their Bets

In related news, Director Holdings L.P. Valueact acquired 400 shares of the firm’s stock in a transaction that occurred on Tuesday, February 21st. The stock was bought at an average price of $129.95 per share, for a total transaction of $51,980.00. Following the acquisition, the director now directly owns 4,511,116 shares of the company’s stock, valued at approximately $586,219,524.20. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Corporate insiders own 1.02% of the company’s stock.

Insight Enterprises Stock Up 1.5 %

Shares of Insight Enterprises stock opened at $129.50 on Friday. The company has a quick ratio of 1.21, a current ratio of 1.30 and a debt-to-equity ratio of 0.11. Insight Enterprises, Inc. has a twelve month low of $81.11 and a twelve month high of $144.84. The company has a market cap of $4.31 billion, a price-to-earnings ratio of 17.34, a price-to-earnings-growth ratio of 0.97 and a beta of 1.56. The company’s 50 day moving average is $132.52 and its 200 day moving average is $117.59.

Insight Enterprises (NASDAQ:NSIT – Get Rating) last announced its quarterly earnings data on Tuesday, May 2nd. The software maker reported $1.78 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.84 by ($0.06). The firm had revenue of $2.32 billion during the quarter, compared to analysts’ expectations of $2.57 billion. Insight Enterprises had a return on equity of 19.77% and a net margin of 2.71%. The business’s revenue for the quarter was down 12.3% on a year-over-year basis. During the same period last year, the company earned $1.81 earnings per share. Research analysts anticipate that Insight Enterprises, Inc. will post 9.85 EPS for the current year.

About Insight Enterprises

(Get Rating)

Insight Enterprises, Inc is a global provider of information technology, services, and cloud solutions to worldwide enterprises, governments, schools, and healthcare organizations. It helps businesses define, architect, implement, and manage Intelligent Technology Solutions in North America, Europe, the Middle East, Africa, and Asia-Pacific.