Robeco Institutional Asset Management B.V. purchased a new position in shares of Insight Enterprises, Inc. (NASDAQ:NSIT – Free Report) during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor purchased 3,780 shares of the software maker’s stock, valued at approximately $591,000.
A number of other large investors have also made changes to their positions in the business. BlackRock Inc. acquired a new stake in shares of Insight Enterprises in the 2nd quarter worth $587,162,000. Paradigm Capital Management Inc. NY purchased a new position in Insight Enterprises during the 2nd quarter worth $116,563,000. Bank of America Corp DE purchased a new position in Insight Enterprises during the 2nd quarter worth $36,643,000. Alyeska Investment Group L.P. acquired a new position in Insight Enterprises during the 2nd quarter valued at about $26,602,000. Finally, Bank of New York Mellon Corp acquired a new position in Insight Enterprises during the 2nd quarter valued at about $21,892,000.
Analyst Ratings Changes
NSIT has been the subject of several recent analyst reports. Barrington Research set a $180.00 price target on Insight Enterprises in a report on Monday, August 10th. Zacks Research downgraded shares of Insight Enterprises from a “strong-buy” rating to a “hold” rating in a report on Tuesday, October 6th. Raymond James Financial reaffirmed an “outperform” rating and issued a $175.00 price objective on shares of Insight Enterprises in a research report on Thursday, August 6th. Wall Street Zen cut shares of Insight Enterprises from a “strong-buy” rating to a “buy” rating in a research note on Saturday, September 12th. Finally, Weiss Ratings upgraded shares of Insight Enterprises from a “hold (c-)” rating to a “hold (c)” rating in a research note on Monday, August 3rd. Three analysts have rated the stock with a Buy rating and four have given a Hold rating to the company. According to data from MarketBeat, Insight Enterprises has an average rating of “Hold” and a consensus price target of $147.50.
View Our Latest Analysis on NSIT
Insider Buying and Selling at Insight Enterprises
In other news, General Counsel Karim Adatia sold 248 shares of the stock in a transaction dated Friday, August 28th. The stock was sold at an average price of $157.40, for a total value of $39,035.20. The sale was disclosed in a document filed with the SEC, which is available through this link. Corporate insiders own 1.21% of the company’s stock.
Insight Enterprises Price Performance
Shares of NSIT opened at $178.72 on Tuesday. The company has a debt-to-equity ratio of 0.92, a current ratio of 1.18 and a quick ratio of 1.15. The company’s fifty day moving average price is $159.03 and its 200-day moving average price is $111.41. Insight Enterprises, Inc. has a 1-year low of $63.62 and a 1-year high of $182.12. The firm has a market capitalization of $5.25 billion, a PE ratio of 26.17, a price-to-earnings-growth ratio of 1.28 and a beta of 1.06.
Insight Enterprises (NASDAQ:NSIT – Get Free Report) last issued its earnings results on Thursday, August 6th. The software maker reported $3.86 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.93 by $0.93. Insight Enterprises had a return on equity of 22.70% and a net margin of 2.45%. The company had revenue of $2.40 billion during the quarter, compared to analyst estimates of $2.18 billion. During the same quarter last year, the business posted $2.45 EPS. The firm’s quarterly revenue was up 14.7% on a year-over-year basis. Insight Enterprises has set its FY 2026 guidance at 12.200-12.700 EPS. On average, equities research analysts predict that Insight Enterprises, Inc. will post 11.50 EPS for the current year.
Insight Enterprises Profile
Insight Enterprises, Inc is a global technology solutions provider that helps businesses and public-sector organizations plan, acquire, implement and manage information technology. The company offers hardware, software and cloud solutions, along with consulting, systems integration, managed services and technical support.
Its portfolio includes workplace and data-center technologies, cloud and data-center modernization, cybersecurity, networking, data and artificial intelligence solutions, and software licensing and asset management.
See Also
- Five stocks we like better than Insight Enterprises
- Comfort Systems Earnings: AI Slowdown or More Growth Ahead?
- Bristol Myers Squibb’s Cancer Breakthrough Could Have Implications Beyond Its Own Stock
- 5 Beaten-Down Growth Stocks Trading Like Value Plays as Cash Chases Mega-Caps
- Anthropic’s IPO Filing Reveals a Massive Opportunity for AI Infrastructure Giants
Receive News & Ratings for Insight Enterprises Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Insight Enterprises and related companies with MarketBeat.com's FREE daily email newsletter.
