ClariVest Asset Management LLC lowered its position in shares of Insight Enterprises Inc. (NASDAQ:NSIT) by 1.6% during the second quarter, Holdings Channel reports. The firm owned 24,200 shares of the company’s stock after selling 400 shares during the period. ClariVest Asset Management LLC’s holdings in Insight Enterprises were worth $629,000 as of its most recent filing with the SEC.
A number of other large investors also recently made changes to their positions in the stock. HBK Investments L P bought a new stake in shares of Insight Enterprises during the first quarter worth about $258,000. Dowling & Yahnke LLC bought a new stake in shares of Insight Enterprises during the second quarter worth about $265,000. First Midwest Bank Trust Division raised its stake in shares of Insight Enterprises by 47.2% in the second quarter. First Midwest Bank Trust Division now owns 12,452 shares of the company’s stock worth $324,000 after buying an additional 3,995 shares during the period. BNP Paribas Arbitrage SA raised its stake in shares of Insight Enterprises by 89.6% in the second quarter. BNP Paribas Arbitrage SA now owns 12,478 shares of the company’s stock worth $324,000 after buying an additional 5,897 shares during the period. Finally, Alpha Windward LLC raised its stake in shares of Insight Enterprises by 2.7% in the second quarter. Alpha Windward LLC now owns 15,840 shares of the company’s stock worth $412,000 after buying an additional 420 shares during the period. 98.63% of the stock is owned by institutional investors and hedge funds.
Insight Enterprises Inc. (NASDAQ:NSIT) traded down 0.70% on Friday, hitting $32.45. The stock had a trading volume of 101,774 shares. The company has a 50-day moving average of $31.41 and a 200 day moving average of $28.37. The company has a market cap of $1.15 billion, a PE ratio of 14.87 and a beta of 1.77. Insight Enterprises Inc. has a 12 month low of $18.26 and a 12 month high of $33.26.
Insight Enterprises (NASDAQ:NSIT) last announced its quarterly earnings results on Wednesday, August 3rd. The company reported $0.97 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.75 by $0.22. Insight Enterprises had a return on equity of 12.71% and a net margin of 1.52%. The company earned $1.46 billion during the quarter, compared to the consensus estimate of $1.42 billion. During the same period in the previous year, the company posted $0.68 earnings per share. Insight Enterprises’s revenue for the quarter was up 2.3% on a year-over-year basis. On average, analysts predict that Insight Enterprises Inc. will post $2.43 EPS for the current fiscal year.
Separately, Zacks Investment Research downgraded Insight Enterprises from a “buy” rating to a “hold” rating in a research report on Wednesday, October 5th.
In other Insight Enterprises news, insider Wolfgang Ebermann sold 15,000 shares of the business’s stock in a transaction that occurred on Monday, August 15th. The stock was sold at an average price of $31.64, for a total value of $474,600.00. Following the completion of the transaction, the insider now directly owns 14,711 shares of the company’s stock, valued at $465,456.04. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Michael M. Fisher sold 2,100 shares of the business’s stock in a transaction that occurred on Monday, August 8th. The shares were sold at an average price of $30.93, for a total value of $64,953.00. The disclosure for this sale can be found here. 1.23% of the stock is owned by company insiders.
Insight Enterprises Company Profile
Insight Enterprises, Inc is a provider of hardware, software, Cloud and service solutions to business, government, healthcare and educational clients. The Company consults, designs, implements and manages integrated information technology (IT) solutions for its clients. These solutions include services and products designed to support networking, collaboration, storage, security, Cloud, mobility, converged infrastructure and other advanced technologies.
Want to see what other hedge funds are holding NSIT? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Insight Enterprises Inc. (NASDAQ:NSIT).
Receive News & Ratings for Insight Enterprises Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Insight Enterprises Inc. and related companies with MarketBeat.com's FREE daily email newsletter.