Insight Enterprises, Inc. $NSIT Stock Sold by State of Alaska Department of Revenue

State of Alaska Department of Revenue cut its position in Insight Enterprises, Inc. (NASDAQ:NSIT) by 43.8% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 6,481 shares of the software maker’s stock after selling 5,046 shares during the quarter. State of Alaska Department of Revenue’s holdings in Insight Enterprises were worth $1,012,000 as of its most recent SEC filing.

Other large investors have also recently bought and sold shares of the company. BlackRock Inc. acquired a new position in Insight Enterprises during the 2nd quarter worth about $587,162,000. Paradigm Capital Management Inc. NY bought a new stake in shares of Insight Enterprises in the 2nd quarter valued at about $116,563,000. Bank of America Corp DE acquired a new stake in shares of Insight Enterprises in the second quarter valued at about $36,643,000. Alyeska Investment Group L.P. acquired a new stake in shares of Insight Enterprises in the second quarter valued at about $26,602,000. Finally, Bank of New York Mellon Corp bought a new position in shares of Insight Enterprises during the second quarter worth about $21,892,000.

Wall Street Analysts Forecast Growth

A number of research firms recently commented on NSIT. JPMorgan Chase & Co. lifted their price objective on Insight Enterprises from $135.00 to $160.00 and gave the stock a “neutral” rating in a research note on Friday, August 7th. Raymond James Financial restated an “outperform” rating and set a $175.00 price target on shares of Insight Enterprises in a report on Thursday, August 6th. Barrington Research set a $180.00 price target on shares of Insight Enterprises in a research report on Monday, August 10th. Wall Street Zen downgraded shares of Insight Enterprises from a “strong-buy” rating to a “buy” rating in a research report on Saturday, September 12th. Finally, Zacks Research lowered shares of Insight Enterprises from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, October 6th. Three research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $147.50.

Insider Buying and Selling

In other Insight Enterprises news, General Counsel Karim Adatia sold 248 shares of Insight Enterprises stock in a transaction that occurred on 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 filing with the Securities & Exchange Commission, which is available through this hyperlink. 1.21% of the stock is owned by corporate insiders.

Insight Enterprises Stock Performance

Shares of Insight Enterprises stock opened at $171.19 on Thursday. The company has a current ratio of 1.18, a quick ratio of 1.15 and a debt-to-equity ratio of 0.92. The business has a 50-day moving average price of $157.93 and a two-hundred day moving average price of $122.82. Insight Enterprises, Inc. has a 1-year low of $63.62 and a 1-year high of $177.34. The company has a market cap of $5.02 billion, a P/E ratio of 25.06, a PEG ratio of 1.19 and a beta of 1.06.

Insight Enterprises (NASDAQ:NSIT) last announced its quarterly earnings data on Thursday, August 6th. The software maker reported $3.86 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.93 by $0.93. The company had revenue of $2.40 billion for the quarter, compared to the consensus estimate of $2.18 billion. Insight Enterprises had a return on equity of 22.70% and a net margin of 2.45%. The firm’s revenue was up 14.7% compared to the same quarter last year. During the same period in the previous year, the business earned $2.45 EPS. Insight Enterprises has set its FY 2026 guidance at 12.200-12.700 EPS. As a group, analysts anticipate that Insight Enterprises, Inc. will post 11.50 EPS for the current year.

About Insight Enterprises

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.