As Insight Enterprises (NSIT) Market Valuation Declined, Public Employees Retirement System Of Ohio Cut Stake by $2.17 Million; Orbis Investment Management Holding In Nike (NKE) Was Has Raised

May 21, 2018 - By Linda Rogers

Insight Enterprises, Inc. (NASDAQ:NSIT) Logo

Public Employees Retirement System Of Ohio decreased its stake in Insight Enterprises Inc (NSIT) by 70.16% based on its latest 2017Q4 regulatory filing with the SEC. Public Employees Retirement System Of Ohio sold 57,068 shares as the company’s stock declined 10.07% with the market. The institutional investor held 24,272 shares of the consumer services company at the end of 2017Q4, valued at $929,000, down from 81,340 at the end of the previous reported quarter. Public Employees Retirement System Of Ohio who had been investing in Insight Enterprises Inc for a number of months, seems to be less bullish one the $1.64B market cap company. The stock increased 1.94% or $0.88 during the last trading session, reaching $46.13. About 48,284 shares traded. Insight Enterprises, Inc. (NASDAQ:NSIT) has declined 16.69% since May 21, 2017 and is downtrending. It has underperformed by 28.24% the S&P500.

William B. Gray increased its stake in Nike Inc (NKE) by 6.97% based on its latest 2017Q4 regulatory filing with the SEC. Orbis Investment Management bought 8,893 shares as the company’s stock rose 4.55% while stock markets declined. The hedge fund run by William B. Gray held 136,508 shares of the consumer non-durables company at the end of 2017Q4, valued at $8.54 million, up from 127,615 at the end of the previous reported quarter. Orbis Investment Management who had been investing in Nike Inc for a number of months, seems to be bullish on the $114.29 billion market cap company. The stock decreased 0.57% or $0.41 during the last trading session, reaching $70.91. About 1.05 million shares traded. NIKE, Inc. (NYSE:NKE) has risen 18.31% since May 21, 2017 and is uptrending. It has outperformed by 6.76% the S&P500.

Analysts await Insight Enterprises, Inc. (NASDAQ:NSIT) to report earnings on August, 1. They expect $1.23 EPS, up 7.89% or $0.09 from last year’s $1.14 per share. NSIT’s profit will be $43.60M for 9.38 P/E if the $1.23 EPS becomes a reality. After $0.94 actual EPS reported by Insight Enterprises, Inc. for the previous quarter, Wall Street now forecasts 30.85% EPS growth.

Since May 7, 2018, it had 0 buys, and 4 sales for $1.63 million activity. Dodenhoff Steven W. also sold $438,273 worth of Insight Enterprises, Inc. (NASDAQ:NSIT) shares. $350,271 worth of Insight Enterprises, Inc. (NASDAQ:NSIT) shares were sold by Johnson Helen. BRYAN GLYNIS sold 7,500 shares worth $339,228.

More notable recent Insight Enterprises, Inc. (NASDAQ:NSIT) news were published by: Nasdaq.com which released: “Insight Enterprises, Inc. Reports Record First Quarter 2018 Results and Increases Full Year 2018 Guidance” on May 02, 2018, also Seekingalpha.com with their article: “Insight Enterprises’ (NSIT) CEO Ken Lamneck on Q1 2018 Results – Earnings Call Transcript” published on May 03, 2018, Globenewswire.com published: “Insight Enterprises to Present at Investor Conference” on May 14, 2018. More interesting news about Insight Enterprises, Inc. (NASDAQ:NSIT) were released by: Globenewswire.com and their article: “Insight Helps Businesses Address Tough Questions on Changing IT Needs” published on May 10, 2018 as well as Streetinsider.com‘s news article titled: “After-Hours Stock Movers 05/02: (NSIT) (SFS) (DATA) Higher; (PACB) (SPOT) (CRUS) Lower (more…)” with publication date: May 02, 2018.

Among 5 analysts covering Insight Enterprises (NASDAQ:NSIT), 2 have Buy rating, 2 Sell and 1 Hold. Therefore 40% are positive. Insight Enterprises had 10 analyst reports since August 28, 2015 according to SRatingsIntel. The rating was downgraded by Raymond James on Thursday, January 12 to “Underperform”. Stifel Nicolaus maintained the stock with “Hold” rating in Sunday, August 6 report. Zacks upgraded Insight Enterprises, Inc. (NASDAQ:NSIT) on Friday, August 28 to “Sell” rating. The firm earned “Hold” rating on Sunday, October 15 by Stifel Nicolaus. Raymond James downgraded the shares of NSIT in report on Thursday, August 4 to “Market Perform” rating. The rating was maintained by B. Riley & Co with “Buy” on Wednesday, November 8. The firm has “Hold” rating given on Sunday, September 10 by Stifel Nicolaus. The firm has “Buy” rating by B. Riley & Co given on Thursday, August 3.

Investors sentiment increased to 1.06 in Q4 2017. Its up 0.04, from 1.02 in 2017Q3. It is positive, as 21 investors sold NSIT shares while 66 reduced holdings. 25 funds opened positions while 67 raised stakes. 32.45 million shares or 1.17% less from 32.83 million shares in 2017Q3 were reported. Victory Cap invested 0% of its portfolio in Insight Enterprises, Inc. (NASDAQ:NSIT). State Of Alaska Department Of Revenue holds 0.01% or 7,147 shares. Glenmede Trust Na holds 0% in Insight Enterprises, Inc. (NASDAQ:NSIT) or 202 shares. Renaissance Techs Lc reported 123,573 shares. Profund Advisors reported 5,742 shares. Capital Fund Management reported 19,800 shares stake. Axa owns 5,750 shares. Paradigm Mngmt Ny holds 645,502 shares. Price T Rowe Associate Md owns 29,544 shares. Vanguard Group Inc has 3.44M shares for 0.01% of their portfolio. Strs Ohio stated it has 0% of its portfolio in Insight Enterprises, Inc. (NASDAQ:NSIT). Pinebridge Ltd Partnership owns 60,755 shares. Barrow Hanley Mewhinney & Strauss Ltd stated it has 165,469 shares. Stone Ridge Asset Mgmt Lc owns 0.03% invested in Insight Enterprises, Inc. (NASDAQ:NSIT) for 10,856 shares. Zpr Management has invested 2.09% in Insight Enterprises, Inc. (NASDAQ:NSIT).

Public Employees Retirement System Of Ohio, which manages about $20.44B US Long portfolio, upped its stake in Relx Plc by 33,900 shares to 60,100 shares, valued at $1.42 million in 2017Q4, according to the filing. It also increased its holding in United Natural Foods In (NASDAQ:UNFI) by 12,940 shares in the quarter, for a total of 39,693 shares, and has risen its stake in Graco Inc (NYSE:GGG).

Investors sentiment decreased to 0.74 in Q4 2017. Its down 0.06, from 0.8 in 2017Q3. It fall, as 70 investors sold NKE shares while 501 reduced holdings. 109 funds opened positions while 312 raised stakes. 1.01 billion shares or 2.95% more from 985.62 million shares in 2017Q3 were reported. 17,800 are owned by De Burlo Incorporated. M&T National Bank stated it has 0.18% in NIKE, Inc. (NYSE:NKE). Advisor Ltd Liability Com owns 24,592 shares or 0.3% of their US portfolio. Cue Fincl Gru invested 0.32% of its portfolio in NIKE, Inc. (NYSE:NKE). 236,613 are held by Nuveen Asset Management Lc. Hanson Mcclain stated it has 51 shares or 0% of all its holdings. Lombard Odier Asset Mgmt (Europe) Limited stated it has 0.06% in NIKE, Inc. (NYSE:NKE). Telemus Capital Ltd Llc, Michigan-based fund reported 28,041 shares. Hhr Asset Management Lc owns 1.18M shares for 4.1% of their portfolio. Moreover, Credit Suisse Ag has 0.24% invested in NIKE, Inc. (NYSE:NKE). Vnbtrust Association stated it has 0.14% of its portfolio in NIKE, Inc. (NYSE:NKE). Suncoast Equity Mgmt accumulated 223,757 shares. First Western Cap Mgmt Comm accumulated 62,501 shares. First Midwest Savings Bank Trust Division owns 0.32% invested in NIKE, Inc. (NYSE:NKE) for 41,208 shares. Moreover, Cibc Asset Mngmt has 0.05% invested in NIKE, Inc. (NYSE:NKE).

More notable recent NIKE, Inc. (NYSE:NKE) news were published by: Bizjournals.com which released: “Kanye dishes on working with Mark Parker and why he left for Adidas” on May 03, 2018, also Fool.com with their article: “Better Buy: Nike Inc. vs. Skechers USA Inc.” published on May 17, 2018, Bizjournals.com published: “Nike CEO calls all-staff meeting to apologize for company culture” on May 04, 2018. More interesting news about NIKE, Inc. (NYSE:NKE) were released by: Bizjournals.com and their article: “A former Nike executive launches Portland’s first luxury women’s sportswear company” published on May 09, 2018 as well as Bizjournals.com‘s news article titled: “Nike leadership shuffle continues with new leaders for women’s, running categories” with publication date: May 08, 2018.

Orbis Investment Management, which manages about $147.38 million US Long portfolio, decreased its stake in Alphabet Inc by 1,389 shares to 2,804 shares, valued at $2.95M in 2017Q4, according to the filing. It also reduced its holding in Centennial Resource Dev Inc by 315,281 shares in the quarter, leaving it with 348,869 shares, and cut its stake in Xpo Logistics Inc (NYSE:XPO).

Among 44 analysts covering Nike Inc. (NYSE:NKE), 26 have Buy rating, 2 Sell and 16 Hold. Therefore 59% are positive. Nike Inc. had 235 analyst reports since July 29, 2015 according to SRatingsIntel. The stock of NIKE, Inc. (NYSE:NKE) has “Overweight” rating given on Thursday, March 23 by Barclays Capital. The firm has “Hold” rating given on Tuesday, April 4 by Argus Research. Stifel Nicolaus maintained the shares of NKE in report on Wednesday, June 29 with “Buy” rating. Jefferies maintained the stock with “Buy” rating in Thursday, March 23 report. Canaccord Genuity maintained NIKE, Inc. (NYSE:NKE) on Friday, March 23 with “Hold” rating. The rating was maintained by FBR Capital on Wednesday, September 28 with “Mkt Perform”. UBS maintained the stock with “Buy” rating in Wednesday, June 29 report. As per Wednesday, September 28, the company rating was maintained by Morgan Stanley. The firm earned “Market Perform” rating on Thursday, March 23 by Cowen & Co. The rating was upgraded by Oppenheimer to “Buy” on Wednesday, January 31.

Insight Enterprises, Inc. (NASDAQ:NSIT) Institutional Positions Chart

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