Brevan Howard Capital Management LP Buys 4,873 Shares of Insight Enterprises, Inc. (NASDAQ:NSIT)

Brevan Howard Capital Management LP raised its position in Insight Enterprises, Inc. (NASDAQ:NSIT - Free Report) by 439.4% during the fourth quarter, according to its most recent filing with the SEC. The firm owned 5,982 shares of the software maker's stock after purchasing an additional 4,873 shares during the period. Brevan Howard Capital Management LP's holdings in Insight Enterprises were worth $910,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds also recently made changes to their positions in NSIT. Pacer Advisors Inc. boosted its stake in Insight Enterprises by 26.6% during the fourth quarter. Pacer Advisors Inc. now owns 1,073,262 shares of the software maker's stock worth $163,243,000 after acquiring an additional 225,283 shares in the last quarter. Dimensional Fund Advisors LP boosted its position in shares of Insight Enterprises by 0.4% during the 4th quarter. Dimensional Fund Advisors LP now owns 821,409 shares of the software maker's stock worth $124,934,000 after purchasing an additional 2,944 shares in the last quarter. Northern Trust Corp grew its stake in shares of Insight Enterprises by 16.5% in the 4th quarter. Northern Trust Corp now owns 446,526 shares of the software maker's stock valued at $67,917,000 after buying an additional 63,200 shares during the period. Massachusetts Financial Services Co. MA bought a new stake in Insight Enterprises in the 4th quarter valued at about $57,380,000. Finally, Norges Bank acquired a new position in Insight Enterprises during the 4th quarter worth approximately $47,585,000.

Wall Street Analyst Weigh In

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

Insight Enterprises Stock Up 1.3%

NASDAQ:NSIT traded up $1.82 during trading hours on Tuesday, hitting $138.57. 128,265 shares of the company traded hands, compared to its average volume of 315,878. Insight Enterprises, Inc. has a one year low of $126.10 and a one year high of $228.07. The company has a quick ratio of 1.15, a current ratio of 1.18 and a debt-to-equity ratio of 0.30. The company has a market cap of $4.42 billion, a PE ratio of 21.25, a PEG ratio of 1.40 and a beta of 1.22. The firm's 50-day simple moving average is $142.24 and its 200-day simple moving average is $155.54.

Insight Enterprises (NASDAQ:NSIT - Get Free Report) last issued its quarterly earnings data on Thursday, May 1st. The software maker reported $2.06 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $2.03 by $0.03. Insight Enterprises had a net margin of 2.87% and a return on equity of 18.95%. The business had revenue of $2.10 billion during the quarter, compared to the consensus estimate of $2.19 billion. During the same period in the prior year, the firm posted $2.37 EPS. The firm's quarterly revenue was down 11.6% compared to the same quarter last year. Equities 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.