Intech Investment Management LLC Buys 11,365 Shares of Insight Enterprises, Inc. (NASDAQ:NSIT)

Intech Investment Management LLC boosted its stake in Insight Enterprises, Inc. (NASDAQ:NSIT) by 62.9% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 29,445 shares of the software maker’s stock after purchasing an additional 11,365 shares during the period. Intech Investment Management LLC’s holdings in Insight Enterprises were worth $4,479,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also added to or reduced their stakes in NSIT. Golden State Wealth Management LLC bought a new position in Insight Enterprises in the 4th quarter valued at approximately $32,000. R Squared Ltd bought a new position in Insight Enterprises in the 4th quarter valued at approximately $33,000. J.Safra Asset Management Corp lifted its stake in Insight Enterprises by 40.8% in the 4th quarter. J.Safra Asset Management Corp now owns 245 shares of the software maker’s stock valued at $37,000 after purchasing an additional 71 shares during the last quarter. Smartleaf Asset Management LLC lifted its stake in Insight Enterprises by 287.7% in the 4th quarter. Smartleaf Asset Management LLC now owns 504 shares of the software maker’s stock valued at $76,000 after purchasing an additional 374 shares during the last quarter. Finally, Blue Trust Inc. lifted its stake in Insight Enterprises by 25.8% in the 4th quarter. Blue Trust Inc. now owns 677 shares of the software maker’s stock valued at $103,000 after purchasing an additional 139 shares during the last quarter.

Insight Enterprises Price Performance

Shares of NASDAQ:NSIT opened at $155.41 on Wednesday. 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, Inc. has a one year low of $146.56 and a one year high of $228.07. The firm has a 50 day simple moving average of $162.92 and a 200 day simple moving average of $176.19. The company has a market cap of $4.94 billion, a price-to-earnings ratio of 23.84, a PEG ratio of 1.40 and a beta of 1.40.

Insight Enterprises (NASDAQ:NSIT) last announced its quarterly earnings results on Thursday, February 6th. The software maker reported $2.66 earnings per share (EPS) for the quarter, beating the consensus estimate 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 period in the previous year, the company posted $2.98 earnings per share. Research analysts predict that Insight Enterprises, Inc. will post 9.89 earnings per share for the current fiscal year.

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.