Insight Enterprises, Inc. (NASDAQ:NSIT) Shares Sold by Arlington Trust Co LLC

Arlington Trust Co LLC lowered its stake in shares of Insight Enterprises, Inc. (NASDAQ:NSIT) by 37.9% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 525 shares of the software maker’s stock after selling 321 shares during the quarter. Arlington Trust Co LLC’s holdings in Insight Enterprises were worth $80,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in NSIT. Ritholtz Wealth Management raised its holdings in Insight Enterprises by 6.0% during the third quarter. Ritholtz Wealth Management now owns 8,983 shares of the software maker’s stock worth $1,935,000 after purchasing an additional 509 shares in the last quarter. Procyon Advisors LLC purchased a new position in shares of Insight Enterprises during the third quarter worth approximately $249,000. Creative Planning grew its position in shares of Insight Enterprises by 38.1% during the third quarter. Creative Planning now owns 9,567 shares of the software maker’s stock worth $2,061,000 after acquiring an additional 2,637 shares during the last quarter. NBC Securities Inc. purchased a new position in shares of Insight Enterprises during the third quarter worth approximately $465,000. Finally, One Wealth Advisors LLC grew its position in shares of Insight Enterprises by 4.7% during the third quarter. One Wealth Advisors LLC now owns 1,379 shares of the software maker’s stock worth $297,000 after acquiring an additional 62 shares during the last quarter.

Insight Enterprises Stock Performance

NASDAQ:NSIT opened at $167.60 on Tuesday. The firm’s fifty day moving average price is $161.98 and its 200 day moving average price is $184.46. Insight Enterprises, Inc. has a 1-year low of $146.56 and a 1-year high of $228.07. The company has a debt-to-equity ratio of 0.30, a current ratio of 1.18 and a quick ratio of 1.20. The firm has a market cap of $5.32 billion, a price-to-earnings ratio of 25.71, a price-to-earnings-growth ratio of 1.43 and a beta of 1.42.

Insight Enterprises (NASDAQ:NSIT) last posted its quarterly earnings data on Thursday, February 6th. The software maker reported $2.66 earnings per share for the quarter, beating analysts’ consensus estimates of $2.53 by $0.13. Insight Enterprises had a net margin of 2.87% and a return on equity of 18.95%. During the same period last year, the business posted $2.98 EPS. On average, sell-side analysts expect that Insight Enterprises, Inc. will post 9.9 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of brokerages have recently issued reports on NSIT. Redburn Atlantic began coverage on shares of Insight Enterprises in a research report on Friday, November 15th. They set a “buy” rating and a $220.00 target price on the stock. Barrington Research lowered their target price on shares of Insight Enterprises from $225.00 to $205.00 and set an “outperform” rating on the stock in a research report on Monday, November 4th. Three research analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $212.50.

Insight Enterprises Company Profile

Insight Enterprises, Inc, together with its subsidiaries, provides information technology, hardware, software, and services in the United States and internationally. The company offers modern platforms/infrastructure that manages and supports cloud and data platforms, modern networks, and edge technologies; cybersecurity solutions automates and connects modern platform securely; data and artificial intelligence modernizes data platforms and architectures, and build data analytics and AI solutions; modern workplace and apps; and intelligent edge solutions that gathers and utilizes data for real-time decision making.