Barclays PLC Acquires 4,781 Shares of Insight Enterprises, Inc. (NASDAQ:NSIT)

Barclays PLC increased its stake in Insight Enterprises, Inc. (NASDAQ:NSIT - Free Report) by 8.5% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 61,183 shares of the software maker's stock after acquiring an additional 4,781 shares during the quarter. Barclays PLC owned approximately 0.19% of Insight Enterprises worth $9,307,000 at the end of the most recent quarter.

A number of other hedge funds have also modified their holdings of the stock. Paralel Advisors LLC grew its holdings in shares of Insight Enterprises by 10.0% in the 4th quarter. Paralel Advisors LLC now owns 13,536 shares of the software maker's stock worth $2,059,000 after acquiring an additional 1,232 shares during the last quarter. Capital Fund Management S.A. acquired a new position in shares of Insight Enterprises in the 4th quarter worth $2,531,000. Raymond James Financial Inc. purchased a new position in shares of Insight Enterprises during the fourth quarter valued at $532,000. Bank of Montreal Can raised its position in Insight Enterprises by 4.3% during the fourth quarter. Bank of Montreal Can now owns 4,993 shares of the software maker's stock valued at $759,000 after buying an additional 204 shares during the period. Finally, Russell Investments Group Ltd. lifted its stake in Insight Enterprises by 16.6% in the 4th quarter. Russell Investments Group Ltd. now owns 9,518 shares of the software maker's stock worth $1,448,000 after acquiring an additional 1,358 shares in the last quarter.

Wall Street Analyst Weigh In

NSIT has been the topic of a number of research reports. JPMorgan Chase & Co. dropped their target price on Insight Enterprises from $193.00 to $156.00 and set a "neutral" rating on the stock in a report on Thursday, April 17th. Barrington Research dropped their price objective on Insight Enterprises from $205.00 to $164.00 and set an "outperform" rating on the stock in a report on Friday, April 4th. Three analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of "Hold" and a consensus price target of $185.00.

Insight Enterprises Stock Up 0.2 %

NASDAQ:NSIT traded up $0.28 during mid-day trading on Monday, reaching $138.89. The stock had a trading volume of 229,726 shares, compared to its average volume of 311,518. The business's 50 day moving average is $146.36 and its 200 day moving average is $161.32. Insight Enterprises, Inc. has a fifty-two week low of $126.10 and a fifty-two week high of $228.07. The stock has a market cap of $4.43 billion, a P/E ratio of 21.30, a PEG ratio of 1.40 and a beta of 1.31. 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 - Get Free Report) last announced its earnings results on Thursday, February 6th. The software maker reported $2.66 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $2.53 by $0.13. Insight Enterprises had a return on equity of 18.95% and a net margin of 2.87%. During the same quarter in the previous year, the company earned $2.98 earnings per share. As a group, sell-side analysts predict that Insight Enterprises, Inc. will post 9.89 earnings per share 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.