Summit Global Investments bought a new stake in shares of Insight Enterprises, Inc. (NASDAQ:NSIT) in the 2nd quarter, according to its most recent filing with the SEC. The institutional investor bought 11,600 shares of the software maker’s stock, valued at approximately $464,000.

Other institutional investors have also added to or reduced their stakes in the company. Victory Capital Management Inc. boosted its stake in shares of Insight Enterprises by 17.6% during the 2nd quarter. Victory Capital Management Inc. now owns 2,567 shares of the software maker’s stock valued at $103,000 after buying an additional 385 shares during the last quarter. Ameritas Investment Partners Inc. purchased a new position in shares of Insight Enterprises during the 1st quarter valued at approximately $123,000. Invictus RG purchased a new position in shares of Insight Enterprises during the 1st quarter valued at approximately $199,000. State of Alaska Department of Revenue boosted its stake in shares of Insight Enterprises by 80.0% during the 2nd quarter. State of Alaska Department of Revenue now owns 7,057 shares of the software maker’s stock valued at $282,000 after buying an additional 3,137 shares during the last quarter. Finally, Pacad Investment Ltd. boosted its stake in shares of Insight Enterprises by 16.9% during the 2nd quarter. Pacad Investment Ltd. now owns 7,600 shares of the software maker’s stock valued at $304,000 after buying an additional 1,100 shares during the last quarter. Institutional investors own 97.04% of the company’s stock.

NSIT has been the subject of several research analyst reports. BidaskClub cut Insight Enterprises from a “sell” rating to a “strong sell” rating in a research note on Tuesday, August 22nd. Zacks Investment Research lowered Insight Enterprises from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, July 5th. Stifel Nicolaus reissued a “hold” rating and set a $45.00 price target (up from $42.00) on shares of Insight Enterprises in a research report on Thursday, August 3rd. Finally, B. Riley raised Insight Enterprises to a “buy” rating and set a $54.50 price target on the stock in a research report on Tuesday, August 8th. Two equities research analysts have rated the stock with a sell rating, one has issued a hold rating and two have assigned a buy rating to the stock. The company presently has an average rating of “Hold” and a consensus price target of $50.50.

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Shares of Insight Enterprises, Inc. (NASDAQ NSIT) opened at 40.45 on Friday. Insight Enterprises, Inc. has a 52-week low of $28.15 and a 52-week high of $53.19. The company’s 50 day moving average price is $40.55 and its 200 day moving average price is $41.68. The firm has a market capitalization of $1.45 billion, a price-to-earnings ratio of 15.03 and a beta of 1.63.

Insight Enterprises (NASDAQ:NSIT) last announced its quarterly earnings data on Wednesday, August 2nd. The software maker reported $1.14 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.95 by $0.19. Insight Enterprises had a return on equity of 14.93% and a net margin of 1.61%. The company had revenue of $1.68 billion for the quarter, compared to analyst estimates of $1.68 billion. During the same quarter last year, the firm earned $0.97 EPS. Insight Enterprises’s revenue for the quarter was up 15.4% compared to the same quarter last year. Analysts forecast that Insight Enterprises, Inc. will post $3.23 earnings per share for the current year.

In other news, CFO Glynis Bryan sold 5,000 shares of Insight Enterprises stock in a transaction that occurred on Monday, August 14th. The stock was sold at an average price of $41.90, for a total transaction of $209,500.00. Following the sale, the chief financial officer now owns 30,797 shares of the company’s stock, valued at approximately $1,290,394.30. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 1.38% 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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