Insight Enterprises, Inc. (NASDAQ:NSIT) Short Interest Down 31.1% in February

Insight Enterprises, Inc. (NASDAQ:NSIT) was the target of a significant decrease in short interest during the month of February. As of February 28th, there was short interest totalling 1,220,000 shares, a decrease of 31.1% from the February 13th total of 1,770,000 shares. Currently, 3.9% of the company’s stock are sold short. Based on an average trading volume of 395,600 shares, the days-to-cover ratio is presently 3.1 days.

Institutional Investors Weigh In On Insight Enterprises

A number of hedge funds have recently bought and sold shares of NSIT. Atria Investments Inc acquired a new position in shares of Insight Enterprises during the third quarter valued at about $215,000. Crossmark Global Holdings Inc. raised its position in shares of Insight Enterprises by 18.1% during the third quarter. Crossmark Global Holdings Inc. now owns 2,265 shares of the software maker’s stock valued at $488,000 after buying an additional 347 shares during the last quarter. Entropy Technologies LP acquired a new position in shares of Insight Enterprises during the third quarter valued at about $253,000. Oppenheimer Asset Management Inc. acquired a new position in shares of Insight Enterprises during the third quarter valued at about $227,000. Finally, Huntington National Bank raised its position in shares of Insight Enterprises by 7.3% during the third quarter. Huntington National Bank now owns 995 shares of the software maker’s stock valued at $214,000 after buying an additional 68 shares during the last quarter.

Insight Enterprises Stock Up 2.3 %

NASDAQ:NSIT traded up $3.44 during trading hours on Monday, reaching $154.87. The company’s stock had a trading volume of 497,605 shares, compared to its average volume of 276,732. The company has a market cap of $4.92 billion, a price-to-earnings ratio of 23.75, a price-to-earnings-growth ratio of 1.40 and a beta of 1.40. Insight Enterprises has a one year low of $146.56 and a one year high of $228.07. The business’s 50-day moving average is $162.93 and its 200-day moving average is $176.63. The company has a debt-to-equity ratio of 0.30, a current ratio of 1.18 and a quick ratio of 1.15.

Insight Enterprises (NASDAQ:NSIT) last released its quarterly earnings results on Thursday, February 6th. The software maker reported $2.66 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.53 by $0.13. Insight Enterprises had a net margin of 2.87% and a return on equity of 18.95%. During the same quarter in the previous year, the business earned $2.98 earnings per share. Equities research analysts predict that Insight Enterprises will post 9.89 EPS for the current year.

Insight Enterprises Company 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.