Insight Enterprises (NASDAQ:NSIT) Rating Lowered to Sell at BidaskClub
NSIT has been the topic of several other research reports. ValuEngine cut Insight Enterprises from a hold rating to a sell rating in a research report on Friday, August 2nd. Zacks Investment Research raised Insight Enterprises from a hold rating to a buy rating and set a $58.00 price objective on the stock in a research report on Friday, August 9th. B. Riley reissued a buy rating on shares of Insight Enterprises in a research report on Monday, April 29th. Finally, Stifel Nicolaus boosted their price objective on Insight Enterprises from $54.00 to $60.00 and gave the stock a hold rating in a research report on Monday, June 24th. Two research analysts have rated the stock with a sell rating, one has assigned a hold rating and two have issued a buy rating to the company. The company currently has an average rating of Hold and a consensus price target of $59.00.
NSIT stock opened at $49.16 on Friday. The stock’s fifty day simple moving average is $54.57 and its two-hundred day simple moving average is $54.93. The company has a current ratio of 1.38, a quick ratio of 1.29 and a debt-to-equity ratio of 0.04. Insight Enterprises has a 1-year low of $37.77 and a 1-year high of $60.10. The stock has a market cap of $1.73 billion, a P/E ratio of 10.62 and a beta of 1.15.
Hedge funds have recently bought and sold shares of the business. Nuveen Asset Management LLC purchased a new position in shares of Insight Enterprises during the 2nd quarter valued at $40,910,000. Norges Bank purchased a new position in shares of Insight Enterprises during the 4th quarter valued at $18,557,000. APG Asset Management N.V. lifted its position in shares of Insight Enterprises by 163.5% during the 2nd quarter. APG Asset Management N.V. now owns 367,000 shares of the software maker’s stock valued at $18,756,000 after buying an additional 227,700 shares during the last quarter. BlackRock Inc. lifted its position in shares of Insight Enterprises by 2.0% during the 2nd quarter. BlackRock Inc. now owns 5,392,404 shares of the software maker’s stock valued at $313,837,000 after buying an additional 106,813 shares during the last quarter. Finally, Jacobs Levy Equity Management Inc. lifted its position in shares of Insight Enterprises by 1,102.1% during the 2nd quarter. Jacobs Levy Equity Management Inc. now owns 114,084 shares of the software maker’s stock valued at $6,640,000 after buying an additional 104,594 shares during the last quarter. 99.74% of the stock is currently owned by institutional investors and hedge funds.
Insight Enterprises Company Profile
Insight Enterprises, Inc provides information technology (IT) hardware, software, and services solutions in the United States, Canada, Europe, the Middle East, Africa, and the Asia-Pacific. It sources, procures, stages, configures, integrates, tests, deploys, and maintains IT products spanning endpoints to infrastructure; and offers software life cycle, and hardware warranty and software maintenance services.
Featured Article: Equity Income
Receive News & Ratings for Insight Enterprises Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Insight Enterprises and related companies with MarketBeat.com's FREE daily email newsletter.