Assenagon Asset Management S.A. Has $7.40 Million Holdings in Insight Enterprises, Inc. $NSIT

Key Points

• Assenagon Asset Management increased its Insight Enterprises stake by 34.6% in the second quarter, bringing its holdings to 60,746 shares valued at approximately $7.4 million. Several other major institutional investors also expanded their positions.
• Analyst sentiment is generally positive, with Insight receiving a “Moderate Buy” consensus rating and an average price target of $147.50; individual targets include $160 from JPMorgan and $175 from Raymond James.
• Insight exceeded quarterly expectations, reporting $3.86 in EPS versus $2.93 expected and $2.40 billion in revenue, up 14.7% year over year. Shares opened at $150.95, near their 52-week high of $155.99.

Assenagon Asset Management S.A. raised its holdings in Insight Enterprises, Inc. (NASDAQ:NSIT - Free Report) by 34.6% during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 60,746 shares of the software maker's stock after acquiring an additional 15,623 shares during the period. Assenagon Asset Management S.A. owned about 0.20% of Insight Enterprises worth $7,399,000 at the end of the most recent quarter.

Several other institutional investors have also recently bought and sold shares of NSIT. Morgan Stanley grew its stake in shares of Insight Enterprises by 15.6% during the fourth quarter. Morgan Stanley now owns 2,681,920 shares of the software maker's stock worth $218,496,000 after buying an additional 362,258 shares during the last quarter. State Street Corp increased its holdings in Insight Enterprises by 3.2% in the 4th quarter. State Street Corp now owns 1,183,203 shares of the software maker's stock worth $96,396,000 after purchasing an additional 36,566 shares in the last quarter. Paradigm Capital Management Inc. NY raised its position in Insight Enterprises by 17.9% in the first quarter. Paradigm Capital Management Inc. NY now owns 955,933 shares of the software maker's stock valued at $64,057,000 after purchasing an additional 145,169 shares during the last quarter. Dimensional Fund Advisors LP raised its position in Insight Enterprises by 11.7% in the fourth quarter. Dimensional Fund Advisors LP now owns 906,400 shares of the software maker's stock valued at $73,847,000 after purchasing an additional 94,877 shares during the last quarter. Finally, Geode Capital Management LLC boosted its stake in shares of Insight Enterprises by 1.2% during the fourth quarter. Geode Capital Management LLC now owns 741,948 shares of the software maker's stock valued at $60,457,000 after purchasing an additional 8,919 shares in the last quarter.

Analysts Set New Price Targets

NSIT has been the topic of several research reports. Wall Street Zen cut Insight Enterprises from a "strong-buy" rating to a "buy" rating in a report on Sunday, August 2nd. JPMorgan Chase & Co. raised their price objective on shares of Insight Enterprises from $135.00 to $160.00 and gave the company a "neutral" rating in a report on Friday, August 7th. Zacks Research upgraded shares of Insight Enterprises from a "hold" rating to a "strong-buy" rating in a research report on Tuesday, July 7th. Needham & Company LLC raised shares of Insight Enterprises to an "overweight" rating in a report on Wednesday, May 27th. Finally, Raymond James Financial restated an "outperform" rating and issued a $175.00 price target on shares of Insight Enterprises in a research report on Thursday, August 6th. One equities research 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 stock. According to MarketBeat.com, Insight Enterprises has an average rating of "Moderate Buy" and an average price target of $147.50.

Insight Enterprises Stock Performance

Shares of NSIT stock opened at $150.95 on Wednesday. The stock has a market capitalization of $4.43 billion, a PE ratio of 22.10, a PEG ratio of 1.42 and a beta of 1.07. The business's 50 day simple moving average is $119.60 and its 200 day simple moving average is $95.03. The company has a debt-to-equity ratio of 0.92, a current ratio of 1.18 and a quick ratio of 1.15. Insight Enterprises, Inc. has a one year low of $63.62 and a one year high of $155.99.

Insight Enterprises (NASDAQ:NSIT - Get Free Report) last announced its quarterly earnings data on Thursday, August 6th. The software maker reported $3.86 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $2.93 by $0.93. The company had revenue of $2.40 billion for the quarter, compared to the consensus estimate of $2.18 billion. Insight Enterprises had a return on equity of 22.70% and a net margin of 2.45%.The firm's revenue was up 14.7% compared to the same quarter last year. During the same period in the previous year, the business earned $2.45 EPS. Insight Enterprises has set its FY 2026 guidance at 12.200-12.700 EPS. As a group, research analysts forecast that Insight Enterprises, Inc. will post 10.89 earnings per share for the current year.

About Insight Enterprises

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.

Want to see what other hedge funds are holding NSIT? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Insight Enterprises, Inc. (NASDAQ:NSIT - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.

Continue following MarketBeat

Add MarketBeat as your preferred source on Google to see our latest stories in your feed.

Add As Preferred Source