Insight Enterprises, Inc. (NASDAQ:NSIT) Stake Raised by Intech Investment Management LLC

Intech Investment Management LLC increased its holdings in Insight Enterprises, Inc. (NASDAQ:NSIT) by 28.2% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 18,080 shares of the software maker’s stock after buying an additional 3,982 shares during the quarter. Intech Investment Management LLC’s holdings in Insight Enterprises were worth $3,894,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in NSIT. Opal Wealth Advisors LLC bought a new stake in shares of Insight Enterprises during the second quarter valued at about $38,000. GAMMA Investing LLC increased its stake in Insight Enterprises by 56.9% during the 2nd quarter. GAMMA Investing LLC now owns 452 shares of the software maker’s stock valued at $90,000 after buying an additional 164 shares during the period. Blue Trust Inc. raised its position in shares of Insight Enterprises by 40.8% during the 2nd quarter. Blue Trust Inc. now owns 531 shares of the software maker’s stock worth $99,000 after buying an additional 154 shares in the last quarter. Ausbil Investment Management Ltd acquired a new stake in shares of Insight Enterprises in the 2nd quarter worth approximately $195,000. Finally, Fifth Third Wealth Advisors LLC bought a new position in shares of Insight Enterprises in the second quarter valued at approximately $200,000.

Insight Enterprises Price Performance

Shares of NASDAQ:NSIT opened at $151.11 on Friday. The company has a market capitalization of $4.80 billion, a PE ratio of 19.01, a price-to-earnings-growth ratio of 1.31 and a beta of 1.48. The company has a debt-to-equity ratio of 0.43, a quick ratio of 1.20 and a current ratio of 1.24. The stock has a fifty day moving average of $196.66 and a 200-day moving average of $201.15. Insight Enterprises, Inc. has a one year low of $146.56 and a one year high of $228.07.

Insight Enterprises (NASDAQ:NSIT) last announced its earnings results on Thursday, October 31st. The software maker reported $2.19 EPS for the quarter, missing the consensus estimate of $2.37 by ($0.18). The company had revenue of $2.09 billion for the quarter, compared to analysts’ expectations of $2.34 billion. Insight Enterprises had a net margin of 3.42% and a return on equity of 19.71%. The company’s revenue for the quarter was down 7.9% on a year-over-year basis. During the same period in the prior year, the company earned $2.37 earnings per share. As a group, equities analysts anticipate that Insight Enterprises, Inc. will post 9.55 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several equities research analysts recently commented on NSIT shares. Redburn Atlantic started coverage on Insight Enterprises in a report on Friday, November 15th. They set a “buy” rating and a $220.00 target price on the stock. Barrington Research dropped their price objective on Insight Enterprises from $225.00 to $205.00 and set an “outperform” rating on the stock in a research note on Monday, November 4th. Finally, JPMorgan Chase & Co. decreased their target price on Insight Enterprises from $233.00 to $225.00 and set a “neutral” rating for the company in a research note on Friday, August 2nd. Three equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company. According to MarketBeat, Insight Enterprises presently has an average rating of “Hold” and a consensus target price of $212.50.

Insight Enterprises Profile

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.