Allspring Global Investments Holdings LLC Purchases 12,980 Shares of Insight Enterprises, Inc. (NASDAQ:NSIT)

Allspring Global Investments Holdings LLC boosted its stake in Insight Enterprises, Inc. (NASDAQ:NSIT - Free Report) by 12.5% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 116,906 shares of the software maker's stock after purchasing an additional 12,980 shares during the period. Allspring Global Investments Holdings LLC owned about 0.37% of Insight Enterprises worth $17,185,000 at the end of the most recent quarter.

A number of other hedge funds have also recently added to or reduced their stakes in the stock. Opal Wealth Advisors LLC acquired a new position in shares of Insight Enterprises during the first quarter worth $27,000. Bessemer Group Inc. increased its stake in shares of Insight Enterprises by 79.2% in the first quarter. Bessemer Group Inc. now owns 190 shares of the software maker's stock valued at $29,000 after buying an additional 84 shares during the period. J.Safra Asset Management Corp increased its stake in shares of Insight Enterprises by 40.8% in the fourth quarter. J.Safra Asset Management Corp now owns 245 shares of the software maker's stock valued at $37,000 after buying an additional 71 shares during the period. NewEdge Advisors LLC raised its position in shares of Insight Enterprises by 32.8% during the fourth quarter. NewEdge Advisors LLC now owns 255 shares of the software maker's stock worth $39,000 after acquiring an additional 63 shares during the last quarter. Finally, Parallel Advisors LLC lifted its stake in shares of Insight Enterprises by 40.4% in the first quarter. Parallel Advisors LLC now owns 330 shares of the software maker's stock worth $49,000 after acquiring an additional 95 shares during the period.

Insight Enterprises Stock Up 0.8%

Insight Enterprises stock traded up $1.10 during midday trading on Thursday, reaching $143.86. The stock had a trading volume of 273,504 shares, compared to its average volume of 332,386. The company has a fifty day moving average price of $134.70 and a two-hundred day moving average price of $147.94. Insight Enterprises, Inc. has a 12 month low of $126.10 and a 12 month high of $228.07. The company has a current ratio of 1.23, a quick ratio of 1.19 and a debt-to-equity ratio of 0.60. The company has a market capitalization of $4.59 billion, a P/E ratio of 28.77, a PEG ratio of 1.31 and a beta of 1.20.

Insight Enterprises (NASDAQ:NSIT - Get Free Report) last announced its quarterly earnings data on Thursday, May 1st. The software maker reported $2.06 EPS for the quarter, beating analysts' consensus estimates of $2.03 by $0.03. Insight Enterprises had a return on equity of 18.50% and a net margin of 2.26%. The firm had revenue of $2.10 billion during the quarter, compared to analysts' expectations of $2.19 billion. During the same quarter last year, the firm posted $2.37 earnings per share. The company's revenue for the quarter was down 11.6% compared to the same quarter last year. As a group, equities analysts expect that Insight Enterprises, Inc. will post 9.89 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of analysts have weighed in on the stock. JPMorgan Chase & Co. decreased their target price 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. Barrington Research restated an "outperform" rating and set a $164.00 target price on shares of Insight Enterprises in a research report on Tuesday, May 20th. Three analysts have rated the stock with a hold rating and two have issued a buy rating to the company's stock. According to MarketBeat, the company currently has an average rating of "Hold" and a consensus 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.