Insight Enterprises (NASDAQ:NSIT) Sets New 52-Week Low Following Analyst Downgrade

Insight Enterprises, Inc. (NASDAQ:NSIT) reached a new 52-week low on Monday after Barrington Research lowered their price target on the stock from $205.00 to $164.00. Barrington Research currently has an outperform rating on the stock. Insight Enterprises traded as low as $126.32 and last traded at $131.13, with a volume of 197132 shares. The stock had previously closed at $132.04.

Institutional Investors Weigh In On Insight Enterprises

A number of institutional investors have recently added to or reduced their stakes in NSIT. Pacer Advisors Inc. lifted its holdings in Insight Enterprises by 26.6% during the fourth quarter. Pacer Advisors Inc. now owns 1,073,262 shares of the software maker’s stock valued at $163,243,000 after purchasing an additional 225,283 shares in the last quarter. Dimensional Fund Advisors LP lifted its stake in Insight Enterprises by 0.4% in the 4th quarter. Dimensional Fund Advisors LP now owns 821,409 shares of the software maker’s stock valued at $124,934,000 after buying an additional 2,944 shares in the last quarter. Geode Capital Management LLC boosted its holdings in Insight Enterprises by 1.7% in the 3rd quarter. Geode Capital Management LLC now owns 659,483 shares of the software maker’s stock worth $142,073,000 after buying an additional 10,711 shares during the last quarter. Northern Trust Corp increased its stake in Insight Enterprises by 16.5% during the 4th quarter. Northern Trust Corp now owns 446,526 shares of the software maker’s stock worth $67,917,000 after buying an additional 63,200 shares in the last quarter. Finally, Massachusetts Financial Services Co. MA acquired a new position in shares of Insight Enterprises during the fourth quarter valued at approximately $57,380,000.

Insight Enterprises Stock Performance

The company has a quick ratio of 1.15, a current ratio of 1.18 and a debt-to-equity ratio of 0.30. The firm has a market cap of $4.18 billion, a PE ratio of 20.17, a P/E/G ratio of 1.40 and a beta of 1.31. The firm has a 50-day moving average price of $158.25 and a two-hundred day moving average price of $170.60.

Insight Enterprises (NASDAQ:NSIT) last announced 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 return on equity of 18.95% and a net margin of 2.87%. During the same period last year, the company posted $2.98 EPS. Research analysts forecast that Insight Enterprises, Inc. will post 9.89 EPS for the current fiscal year.

About Insight Enterprises

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.