Insight Enterprises Inc. (NSIT) Position Cut by Ajo LP
Ajo LP cut its stake in shares of Insight Enterprises Inc. (NASDAQ:NSIT) by 45.3% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 36,489 shares of the company’s stock after selling 30,248 shares during the period. Ajo LP owned 0.10% of Insight Enterprises worth $949,000 as of its most recent SEC filing.
Other large investors have also recently made changes to their positions in the company. Envestnet Asset Management Inc. increased its stake in shares of Insight Enterprises by 27.8% in the first quarter. Envestnet Asset Management Inc. now owns 3,640 shares of the company’s stock valued at $104,000 after buying an additional 792 shares during the period. Acrospire Investment Management LLC purchased a new stake in shares of Insight Enterprises during the first quarter valued at $132,000. Teacher Retirement System of Texas increased its stake in shares of Insight Enterprises by 13.7% in the second quarter. Teacher Retirement System of Texas now owns 5,196 shares of the company’s stock valued at $135,000 after buying an additional 627 shares during the period. Advisors Asset Management Inc. increased its stake in shares of Insight Enterprises by 25.1% in the second quarter. Advisors Asset Management Inc. now owns 8,753 shares of the company’s stock valued at $228,000 after buying an additional 1,754 shares during the period. Finally, HBK Investments L P purchased a new stake in shares of Insight Enterprises during the first quarter valued at $258,000. Institutional investors own 98.61% of the company’s stock.
Insight Enterprises Inc. (NASDAQ:NSIT) traded up 1.04% during midday trading on Wednesday, hitting $31.02. 22,683 shares of the stock traded hands. The stock has a market cap of $1.10 billion, a price-to-earnings ratio of 14.22 and a beta of 1.86. Insight Enterprises Inc. has a one year low of $18.26 and a one year high of $32.77. The company has a 50-day moving average price of $30.54 and a 200 day moving average price of $27.81.
Insight Enterprises (NASDAQ:NSIT) last released its quarterly earnings results on Wednesday, August 3rd. The company reported $0.97 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.75 by $0.22. The business had revenue of $1.46 billion for the quarter, compared to the consensus estimate of $1.42 billion. Insight Enterprises had a net margin of 1.52% and a return on equity of 12.71%. The business’s revenue was up 2.3% on a year-over-year basis. During the same period in the previous year, the firm earned $0.68 EPS. Equities research analysts anticipate that Insight Enterprises Inc. will post $2.43 earnings per share for the current year.
Separately, Zacks Investment Research downgraded shares of Insight Enterprises from a “hold” rating to a “sell” rating in a research note on Wednesday, June 29th.
In other news, insider Wolfgang Ebermann sold 15,000 shares of the business’s stock in a transaction that occurred on Monday, August 15th. The shares were sold at an average price of $31.64, for a total value of $474,600.00. Following the sale, the insider now directly owns 14,711 shares of the company’s stock, valued at approximately $465,456.04. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Robertson C. Jones sold 4,438 shares of the business’s stock in a transaction that occurred on Tuesday, August 9th. The shares were sold at an average price of $30.94, for a total transaction of $137,311.72. The disclosure for this sale can be found here. 1.23% of the stock is currently owned by insiders.
About Insight Enterprises
Insight Enterprises, Inc is a provider of hardware, software, Cloud and service solutions to business, government, healthcare and educational clients. The Company consults, designs, implements and manages integrated information technology (IT) solutions for its clients. These solutions include services and products designed to support networking, collaboration, storage, security, Cloud, mobility, converged infrastructure and other advanced technologies.
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