Edgestream Partners L.P. decreased its holdings in shares of Insight Enterprises, Inc. (NASDAQ:NSIT – Free Report) by 22.0% in the 1st quarter, Holdings Channel.com reports. The firm owned 82,356 shares of the software maker’s stock after selling 23,191 shares during the quarter. Edgestream Partners L.P.’s holdings in Insight Enterprises were worth $5,519,000 as of its most recent SEC filing.
Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Janus Henderson Group PLC increased its stake in Insight Enterprises by 27.3% in the first quarter. Janus Henderson Group PLC now owns 14,974 shares of the software maker’s stock valued at $1,003,000 after purchasing an additional 3,210 shares during the last quarter. Amundi lifted its position in shares of Insight Enterprises by 16.7% during the 1st quarter. Amundi now owns 18,189 shares of the software maker’s stock worth $1,219,000 after buying an additional 2,602 shares during the last quarter. California State Teachers Retirement System lifted its position in shares of Insight Enterprises by 24.0% during the 1st quarter. California State Teachers Retirement System now owns 34,724 shares of the software maker’s stock worth $2,327,000 after buying an additional 6,728 shares during the last quarter. Quantinno Capital Management LP boosted its holdings in shares of Insight Enterprises by 38.3% in the 1st quarter. Quantinno Capital Management LP now owns 12,250 shares of the software maker’s stock valued at $821,000 after buying an additional 3,392 shares in the last quarter. Finally, SummitTX Capital L.P. grew its position in shares of Insight Enterprises by 57.9% in the 1st quarter. SummitTX Capital L.P. now owns 4,461 shares of the software maker’s stock valued at $299,000 after buying an additional 1,636 shares during the last quarter.
Insider Buying and Selling at Insight Enterprises
In related news, CFO James A. Morgado purchased 2,290 shares of the stock in a transaction that occurred on Monday, May 11th. The shares were purchased at an average price of $87.25 per share, with a total value of $199,802.50. Following the completion of the acquisition, the chief financial officer directly owned 17,246 shares in the company, valued at $1,504,713.50. This represents a 15.31% increase in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Company insiders own 1.21% of the company’s stock.
Insight Enterprises Stock Up 0.3%
Insight Enterprises (NASDAQ:NSIT – Get Free Report) last issued its quarterly earnings data on Thursday, May 7th. The software maker reported $2.88 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.45 by $0.43. The company had revenue of $2.13 billion for the quarter, compared to the consensus estimate of $2.12 billion. Insight Enterprises had a net margin of 2.17% and a return on equity of 20.89%. Insight Enterprises’s revenue for the quarter was up 1.2% on a year-over-year basis. During the same period last year, the firm posted $2.06 EPS. Insight Enterprises has set its FY 2026 guidance at 11.000-11.500 EPS. Sell-side analysts expect that Insight Enterprises, Inc. will post 10.89 earnings per share for the current year.
Analysts Set New Price Targets
A number of equities research analysts recently weighed in on the stock. Canaccord Genuity Group set a $75.00 price target on shares of Insight Enterprises in a research report on Friday, May 8th. Weiss Ratings raised Insight Enterprises from a “sell (d+)” rating to a “hold (c-)” rating in a report on Wednesday, June 17th. Raymond James Financial upgraded Insight Enterprises from a “market perform” rating to an “outperform” rating and set a $100.00 target price on the stock in a research report on Thursday, May 7th. JPMorgan Chase & Co. raised Insight Enterprises from an “underweight” rating to a “neutral” rating and set a $105.00 target price for the company in a report on Wednesday, May 27th. Finally, Wall Street Zen raised Insight Enterprises from a “buy” rating to a “strong-buy” rating in a research report on Saturday, July 25th. One analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and three have issued a Hold rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $100.00.
Read Our Latest Report on Insight Enterprises
About Insight Enterprises
Insight Enterprises, Inc is a global technology provider headquartered in Tempe, Arizona. Founded in 1988, the company specializes in helping organizations harness the power of digital transformation by offering a comprehensive portfolio of IT hardware, software, cloud and licensing management solutions. Insight’s expertise spans across the full technology lifecycle, from initial strategy and consulting to implementation, integration and ongoing managed services.
At the core of Insight’s business are its consulting and professional services, which guide clients through complex technology environments and ensure optimal deployment of solutions.
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