Insight Enterprises, Inc. $NSIT Shares Sold by VIRGINIA RETIREMENT SYSTEMS ET Al

VIRGINIA RETIREMENT SYSTEMS ET Al reduced its position in Insight Enterprises, Inc. (NASDAQ:NSIT) by 46.4% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 14,666 shares of the software maker’s stock after selling 12,700 shares during the period. VIRGINIA RETIREMENT SYSTEMS ET Al’s holdings in Insight Enterprises were worth $2,293,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also recently made changes to their positions in the company. Sage Rhino Capital LLC acquired a new stake in Insight Enterprises during the third quarter valued at $208,000. Signaturefd LLC increased its holdings in Insight Enterprises by 15.4% in the third quarter. Signaturefd LLC now owns 884 shares of the software maker’s stock valued at $138,000 after buying an additional 118 shares in the last quarter. Sterling Capital Management LLC increased its holdings in Insight Enterprises by 587.8% in the third quarter. Sterling Capital Management LLC now owns 3,996 shares of the software maker’s stock valued at $625,000 after buying an additional 3,415 shares in the last quarter. Reyes Financial Architecture Inc. acquired a new position in shares of Insight Enterprises in the third quarter worth about $51,000. Finally, Crossmark Global Holdings Inc. acquired a new position in shares of Insight Enterprises in the third quarter worth about $243,000.

Analyst Upgrades and Downgrades

Several equities research analysts have recently issued reports on NSIT shares. Wall Street Zen lowered shares of Insight Enterprises from a “strong-buy” rating to a “buy” rating in a research note on Saturday, September 12th. Zacks Research cut Insight Enterprises from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, October 6th. Weiss Ratings upgraded Insight Enterprises from a “hold (c)” rating to a “hold (c+)” rating in a research note on Wednesday, October 28th. Barrington Research set a $180.00 price target on Insight Enterprises in a report on Monday, August 10th. Finally, Raymond James Financial reiterated an “outperform” rating and set a $175.00 price target on shares of Insight Enterprises in a research report on Thursday, August 6th. Three equities research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $147.50.

Insider Activity

In other news, General Counsel Karim Adatia sold 248 shares of Insight Enterprises stock in a transaction dated Friday, August 28th. The shares were 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 accessible through the SEC website. 1.21% of the stock is currently owned by company insiders.

Insight Enterprises Price Performance

Insight Enterprises stock opened at $167.35 on Wednesday. The company’s fifty day moving average price is $162.17 and its 200 day moving average price is $114.05. Insight Enterprises, Inc. has a 1 year low of $63.62 and a 1 year high of $182.12. The stock has a market capitalization of $4.91 billion, a P/E ratio of 24.50, a P/E/G ratio of 1.21 and a beta of 1.06. The company has a debt-to-equity ratio of 0.92, a quick ratio of 1.15 and a current ratio of 1.18.

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