Aquatic Capital Management LLC Increases Stock Holdings in Insight Enterprises, Inc. (NASDAQ:NSIT)

Aquatic Capital Management LLC boosted its position in Insight Enterprises, Inc. (NASDAQ:NSIT - Free Report) by 376.3% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 15,719 shares of the software maker's stock after purchasing an additional 12,419 shares during the quarter. Aquatic Capital Management LLC's holdings in Insight Enterprises were worth $2,391,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Golden State Wealth Management LLC bought a new stake in shares of Insight Enterprises during the 4th quarter worth approximately $32,000. R Squared Ltd bought a new stake in Insight Enterprises during the fourth quarter worth $33,000. J.Safra Asset Management Corp boosted its holdings in shares of 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 in the last quarter. NewEdge Advisors LLC increased its stake in shares of Insight Enterprises by 32.8% in the 4th quarter. NewEdge Advisors LLC now owns 255 shares of the software maker's stock valued at $39,000 after purchasing an additional 63 shares during the last quarter. Finally, Smartleaf Asset Management LLC raised its holdings in shares of Insight Enterprises by 287.7% during the 4th quarter. Smartleaf Asset Management LLC now owns 504 shares of the software maker's stock worth $76,000 after buying an additional 374 shares in the last quarter.

Analysts Set New Price Targets

A number of research analysts have recently commented on NSIT shares. Barrington Research dropped their target price on shares of Insight Enterprises from $205.00 to $164.00 and set an "outperform" rating for the company in a report on Friday, April 4th. JPMorgan Chase & Co. cut their target price on shares of Insight Enterprises from $193.00 to $156.00 and set a "neutral" rating on the stock in a research report on Thursday, April 17th. Three investment analysts have rated the stock with a hold rating and two have issued a buy rating to the company. According to MarketBeat.com, the company currently has an average rating of "Hold" and an average target price of $185.00.

Insight Enterprises Trading Down 3.2 %

Shares of Insight Enterprises stock traded down $4.46 during midday trading on Thursday, reaching $133.82. The company had a trading volume of 559,153 shares, compared to its average volume of 311,178. The firm has a market cap of $4.27 billion, a PE ratio of 20.52, a P/E/G ratio of 1.40 and a beta of 1.31. Insight Enterprises, Inc. has a fifty-two week low of $126.10 and a fifty-two week high of $228.07. The company has a debt-to-equity ratio of 0.30, a current ratio of 1.18 and a quick ratio of 1.15. The stock has a fifty day moving average price of $144.97 and a 200 day moving average price of $160.42.

Insight Enterprises (NASDAQ:NSIT - Get Free Report) last issued its earnings results on Thursday, May 1st. The software maker reported $2.06 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.03 by $0.03. The business had revenue of $2.10 billion for the quarter, compared to analyst estimates of $2.19 billion. Insight Enterprises had a net margin of 2.87% and a return on equity of 18.95%. Insight Enterprises's revenue was down 11.6% on a year-over-year basis. During the same period in the prior year, the firm earned $2.37 earnings per share. On average, equities analysts anticipate that Insight Enterprises, Inc. will post 9.89 earnings per share for the current year.

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.