BlackRock Inc. Invests $587.16 Million in Insight Enterprises, Inc. $NSIT

Key Points

• BlackRock acquired 4.82 million shares of Insight Enterprises in the second quarter, valued at approximately $587.2 million and representing a 15.96% stake.
• Insight Enterprises reported strong quarterly results, with EPS of $3.86 beating estimates of $2.93 and revenue rising 14.7% year over year to $2.40 billion. The company issued fiscal 2026 EPS guidance of $12.20 to $12.70.
• Wall Street’s consensus rating is “Moderate Buy”, with an average price target of $147.50; individual targets range as high as $180.

BlackRock Inc. purchased a new stake in Insight Enterprises, Inc. (NASDAQ:NSIT - Free Report) in the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 4,820,707 shares of the software maker's stock, valued at approximately $587,162,000. BlackRock Inc. owned about 15.96% of Insight Enterprises as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds also recently modified their holdings of the company. Morgan Stanley increased its holdings in Insight Enterprises by 15.6% in the 4th quarter. Morgan Stanley now owns 2,681,920 shares of the software maker's stock worth $218,496,000 after purchasing an additional 362,258 shares in the last quarter. State Street Corp boosted its stake in shares of Insight Enterprises by 3.2% during the fourth quarter. State Street Corp now owns 1,183,203 shares of the software maker's stock valued at $96,396,000 after purchasing an additional 36,566 shares in the last quarter. Paradigm Capital Management Inc. NY grew its holdings in shares of Insight Enterprises by 17.9% during the first quarter. Paradigm Capital Management Inc. NY now owns 955,933 shares of the software maker's stock worth $64,057,000 after purchasing an additional 145,169 shares during the last quarter. Dimensional Fund Advisors LP increased its stake in shares of 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 buying an additional 94,877 shares during the period. Finally, Geode Capital Management LLC increased its stake in shares of Insight Enterprises by 1.2% in the fourth quarter. Geode Capital Management LLC now owns 741,948 shares of the software maker's stock valued at $60,457,000 after buying an additional 8,919 shares during the period.

Insight Enterprises Stock Performance

NASDAQ:NSIT opened at $147.38 on Monday. 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, Inc. has a fifty-two week low of $63.62 and a fifty-two week high of $157.35. The company has a 50 day simple moving average of $125.77 and a two-hundred day simple moving average of $98.81. The company has a market capitalization of $4.33 billion, a PE ratio of 21.58, a P/E/G ratio of 1.07 and a beta of 1.07.

Insight Enterprises (NASDAQ:NSIT - Get Free Report) last issued its quarterly earnings results on Thursday, August 6th. The software maker reported $3.86 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $2.93 by $0.93. Insight Enterprises had a net margin of 2.45% and a return on equity of 22.70%. The firm had revenue of $2.40 billion for the quarter, compared to the consensus estimate of $2.18 billion. During the same quarter in the previous year, the company earned $2.45 EPS. The company's revenue for the quarter was up 14.7% on a year-over-year basis. 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 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several research firms recently commented on NSIT. Wall Street Zen downgraded shares of Insight Enterprises from a "strong-buy" rating to a "buy" rating in a research report on Sunday, August 2nd. Needham & Company LLC upgraded shares of Insight Enterprises to an "overweight" rating in a research report on Wednesday, May 27th. Barrington Research set a $180.00 price target on shares of Insight Enterprises in a research note on Monday, August 10th. JPMorgan Chase & Co. lifted their price target on shares of Insight Enterprises from $135.00 to $160.00 and gave the stock a "neutral" rating in a report on Friday, August 7th. Finally, Raymond James Financial reissued an "outperform" rating and issued a $175.00 price objective on shares of Insight Enterprises in a research note on Thursday, August 6th. One research analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and three have given a Hold rating to the company's stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $147.50.

Insight Enterprises Company Profile

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.

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