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

Brevan Howard Capital Management LP grew its stake in shares of Insight Enterprises, Inc. (NASDAQ:NSIT - Free Report) by 439.4% in the fourth quarter, according to its most recent filing with the SEC. The institutional investor 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 have also recently modified their holdings of the stock. Pacer Advisors Inc. grew its holdings 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 buying an additional 225,283 shares in the last quarter. Dimensional Fund Advisors LP grew its stake in shares of Insight Enterprises by 0.4% in the 4th quarter. Dimensional Fund Advisors LP now owns 821,409 shares of the software maker's stock worth $124,934,000 after acquiring an additional 2,944 shares in the last quarter. Northern Trust Corp raised its holdings in shares of Insight Enterprises by 16.5% in the fourth quarter. Northern Trust Corp now owns 446,526 shares of the software maker's stock valued at $67,917,000 after purchasing an additional 63,200 shares during the last quarter. Massachusetts Financial Services Co. MA purchased a new stake in shares of Insight Enterprises in the fourth quarter valued at about $57,380,000. Finally, Norges Bank bought a new position in shares of Insight Enterprises during the fourth quarter valued at about $47,585,000.

Insight Enterprises Stock Up 1.3 %

NSIT opened at $133.34 on Thursday. The company's 50-day moving average price is $143.26 and its two-hundred day moving average price is $157.97. The company has a quick ratio of 1.15, a current ratio of 1.18 and a debt-to-equity ratio of 0.30. Insight Enterprises, Inc. has a twelve month low of $126.10 and a twelve month high of $228.07. The stock has a market cap of $4.26 billion, a price-to-earnings ratio of 20.45, a PEG ratio of 1.40 and a beta of 1.22.

Insight Enterprises (NASDAQ:NSIT - Get Free Report) last announced its quarterly earnings data on Thursday, May 1st. The software maker reported $2.06 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $2.03 by $0.03. The business had revenue of $2.10 billion for the quarter, compared to analysts' expectations of $2.19 billion. Insight Enterprises had a return on equity of 18.95% and a net margin of 2.87%. The firm's quarterly revenue was down 11.6% compared to the same quarter last year. During the same period in the previous year, the business posted $2.37 EPS. As a group, equities analysts expect that Insight Enterprises, Inc. will post 9.89 earnings per share for the current year.

Analyst Upgrades and Downgrades

NSIT has been the subject of several analyst reports. JPMorgan Chase & Co. decreased their price objective on shares of Insight Enterprises from $193.00 to $156.00 and set a "neutral" rating for the company in a research note on Thursday, April 17th. Barrington Research decreased their price target on Insight Enterprises from $205.00 to $164.00 and set an "outperform" rating for the company in a research report on Friday, April 4th. Three investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of "Hold" and an average target price of $185.00.

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.

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