Assetmark Inc. reduced its position in Insight Enterprises, Inc. (NASDAQ:NSIT - Free Report) by 13.5% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 15,697 shares of the software maker's stock after selling 2,447 shares during the period. Assetmark Inc.'s holdings in Insight Enterprises were worth $2,354,000 at the end of the most recent quarter.
Other hedge funds also recently bought and sold shares of the company. Opal Wealth Advisors LLC acquired a new position in Insight Enterprises in the 1st quarter worth about $27,000. Bessemer Group Inc. increased its position in Insight Enterprises by 79.2% in the 1st quarter. Bessemer Group Inc. now owns 190 shares of the software maker's stock worth $29,000 after purchasing an additional 84 shares during the last quarter. NewEdge Advisors LLC increased its position in Insight Enterprises by 32.8% in the 4th quarter. NewEdge Advisors LLC now owns 255 shares of the software maker's stock worth $39,000 after purchasing an additional 63 shares during the last quarter. Parallel Advisors LLC boosted its stake in shares of Insight Enterprises by 40.4% during the 1st quarter. Parallel Advisors LLC now owns 330 shares of the software maker's stock worth $49,000 after acquiring an additional 95 shares in the last quarter. Finally, Golden State Wealth Management LLC boosted its stake in shares of Insight Enterprises by 100.5% during the 1st quarter. Golden State Wealth Management LLC now owns 419 shares of the software maker's stock worth $63,000 after acquiring an additional 210 shares in the last quarter.
Analyst Ratings Changes
Several analysts have recently issued reports on NSIT shares. JPMorgan Chase & Co. upped their price target on Insight Enterprises from $152.00 to $165.00 and gave the stock a "neutral" rating in a research note on Thursday, July 17th. Barrington Research reiterated an "outperform" rating and set a $164.00 price target on shares of Insight Enterprises in a research note on Monday, July 21st.
Read Our Latest Stock Analysis on Insight Enterprises
Insight Enterprises Stock Performance
NASDAQ:NSIT traded up $1.82 during mid-day trading on Friday, hitting $120.40. 665,084 shares of the company's stock traded hands, compared to its average volume of 255,160. The firm has a 50 day moving average of $136.99 and a two-hundred day moving average of $145.80. Insight Enterprises, Inc. has a 12 month low of $118.30 and a 12 month high of $225.38. The firm has a market capitalization of $3.84 billion, a price-to-earnings ratio of 28.74, a price-to-earnings-growth ratio of 1.09 and a beta of 1.20. The company has a current ratio of 1.29, a quick ratio of 1.19 and a debt-to-equity ratio of 0.83.
Insight Enterprises (NASDAQ:NSIT - Get Free Report) last announced its earnings results on Thursday, July 31st. The software maker reported $2.45 earnings per share for the quarter, missing the consensus estimate of $2.49 by ($0.04). Insight Enterprises had a net margin of 1.79% and a return on equity of 18.68%. The business had revenue of $2.09 billion for the quarter, compared to the consensus estimate of $2.15 billion. During the same quarter in the previous year, the company earned $2.46 EPS. Insight Enterprises's revenue for the quarter was down 3.3% compared to the same quarter last year. On average, equities analysts forecast that Insight Enterprises, Inc. will post 9.89 earnings per share for the current fiscal year.
Insight Enterprises Profile
(
Free Report)
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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