Insight Enterprises (NASDAQ:NSIT) Reaches New 52-Week Low – Should You Sell?

Insight Enterprises, Inc. (NASDAQ:NSIT)’s share price reached a new 52-week low during trading on Tuesday . The company traded as low as $146.32 and last traded at $145.35, with a volume of 229516 shares. The stock had previously closed at $149.99.

Insight Enterprises Price Performance

The company has a debt-to-equity ratio of 0.30, a quick ratio of 1.15 and a current ratio of 1.18. The company has a fifty day moving average price of $159.90 and a two-hundred day moving average price of $172.29. The company has a market cap of $4.35 billion, a P/E ratio of 21.01, a PEG ratio of 1.40 and a beta of 1.40.

Insight Enterprises (NASDAQ:NSIT) last posted its quarterly earnings results 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 in the prior year, the business earned $2.98 earnings per share. On average, sell-side analysts anticipate that Insight Enterprises, Inc. will post 9.89 earnings per share for the current fiscal year.

Institutional Trading of Insight Enterprises

A number of large investors have recently added to or reduced their stakes in NSIT. Pacer Advisors Inc. raised its holdings in shares of Insight Enterprises by 26.6% in the 4th 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 during the period. Dimensional Fund Advisors LP raised its stake in Insight Enterprises by 0.4% in the fourth 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 during the period. Geode Capital Management LLC lifted its position in shares of Insight Enterprises by 1.7% in the third quarter. Geode Capital Management LLC now owns 659,483 shares of the software maker’s stock valued at $142,073,000 after buying an additional 10,711 shares during the last quarter. Northern Trust Corp lifted its position in shares of Insight Enterprises by 16.5% in the fourth quarter. Northern Trust Corp now owns 446,526 shares of the software maker’s stock valued at $67,917,000 after buying an additional 63,200 shares during the last quarter. Finally, Massachusetts Financial Services Co. MA bought a new position in shares of Insight Enterprises during the 4th quarter worth approximately $57,380,000.

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.