Alyeska Investment Group L.P. acquired a new position in shares of Insight Enterprises, Inc. (NASDAQ:NSIT - Free Report) during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund acquired 218,405 shares of the software maker's stock, valued at approximately $26,602,000. Alyeska Investment Group L.P. owned approximately 0.74% of Insight Enterprises as of its most recent filing with the Securities and Exchange Commission.
Several other large investors also recently added to or reduced their stakes in the company. CWM LLC boosted its position in shares of Insight Enterprises by 39.2% in the fourth quarter. CWM LLC now owns 529 shares of the software maker's stock worth $43,000 after buying an additional 149 shares during the period. Caitong International Asset Management Co. Ltd lifted its stake in Insight Enterprises by 172.0% in the 4th quarter. Caitong International Asset Management Co. Ltd now owns 582 shares of the software maker's stock worth $47,000 after acquiring an additional 368 shares in the last quarter. Annis Gardner Whiting Capital Advisors LLC lifted its stake in Insight Enterprises by 40.3% in the 4th quarter. Annis Gardner Whiting Capital Advisors LLC now owns 592 shares of the software maker's stock worth $48,000 after acquiring an additional 170 shares in the last quarter. Hantz Financial Services Inc. boosted its position in Insight Enterprises by 467.1% during the 4th quarter. Hantz Financial Services Inc. now owns 811 shares of the software maker's stock worth $66,000 after acquiring an additional 668 shares during the period. Finally, Covestor Ltd boosted its position in Insight Enterprises by 32.2% during the 4th quarter. Covestor Ltd now owns 879 shares of the software maker's stock worth $72,000 after acquiring an additional 214 shares during the period.
Analyst Ratings Changes
A number of equities analysts have recently weighed in on the stock. JPMorgan Chase & Co. upped their price target on shares of Insight Enterprises from $135.00 to $160.00 and gave the stock a "neutral" rating in a research note on Friday, August 7th. Zacks Research raised Insight Enterprises from a "hold" rating to a "strong-buy" rating in a research note on Tuesday, July 7th. Weiss Ratings upgraded Insight Enterprises from a "hold (c-)" rating to a "hold (c)" rating in a report on Monday, August 3rd. Wall Street Zen raised Insight Enterprises from a "buy" rating to a "strong-buy" rating in a research note on Saturday. Finally, Raymond James Financial restated an "outperform" rating and issued a $175.00 price objective on shares of Insight Enterprises in a report on Thursday, August 6th. One analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and three have assigned a Hold rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $147.50.
Check Out Our Latest Analysis on NSIT
Insight Enterprises Price Performance
NASDAQ NSIT opened at $155.65 on Monday. The stock has a 50-day simple moving average of $130.09 and a 200 day simple moving average of $101.18. Insight Enterprises, Inc. has a twelve month low of $63.62 and a twelve month high of $158.57. The stock has a market capitalization of $4.57 billion, a PE ratio of 22.79, a P/E/G ratio of 1.13 and a beta of 1.07. The company has a debt-to-equity ratio of 0.92, a quick ratio of 1.15 and a current ratio of 1.18.
Insight Enterprises (NASDAQ:NSIT - Get Free Report) last issued its quarterly earnings results on Thursday, August 6th. The software maker reported $3.86 EPS for the quarter, topping analysts' consensus estimates of $2.93 by $0.93. Insight Enterprises had a return on equity of 22.70% and a net margin of 2.45%.The company had revenue of $2.40 billion during the quarter, compared to analyst estimates of $2.18 billion. During the same period in the previous year, the company earned $2.45 earnings per share. The company's quarterly revenue was up 14.7% compared to the same quarter last year. Insight Enterprises has set its FY 2026 guidance at 12.200-12.700 EPS. Research analysts anticipate that Insight Enterprises, Inc. will post 11.5 EPS for the current year.
Insight Enterprises Profile
(
Free Report)
Insight Enterprises, Inc is a global technology provider headquartered in Tempe, Arizona. Founded in 1988, the company specializes in helping organizations harness the power of digital transformation by offering a comprehensive portfolio of IT hardware, software, cloud and licensing management solutions. Insight's expertise spans across the full technology lifecycle, from initial strategy and consulting to implementation, integration and ongoing managed services.
At the core of Insight's business are its consulting and professional services, which guide clients through complex technology environments and ensure optimal deployment of solutions.
Further Reading
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