Denali Advisors LLC Takes Position in Insight Enterprises, Inc. $NSIT

Denali Advisors LLC acquired a new stake in shares of Insight Enterprises, Inc. (NASDAQ:NSIT - Free Report) during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm acquired 18,121 shares of the software maker's stock, valued at approximately $2,207,000. Denali Advisors LLC owned 0.06% of Insight Enterprises at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. CWM LLC raised its stake in shares of Insight Enterprises by 39.2% in the 4th quarter. CWM LLC now owns 529 shares of the software maker's stock worth $43,000 after buying an additional 149 shares in the last quarter. Torren Management LLC acquired a new position in Insight Enterprises during the fourth quarter worth about $44,000. Caitong International Asset Management Co. Ltd raised its position in Insight Enterprises by 172.0% in the fourth 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 holdings 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 valued at $48,000 after acquiring an additional 170 shares during the last quarter. Finally, Hantz Financial Services Inc. boosted its position in shares of Insight Enterprises by 467.1% during the 4th quarter. Hantz Financial Services Inc. now owns 811 shares of the software maker's stock valued at $66,000 after purchasing an additional 668 shares in the last quarter.

Analyst Upgrades and Downgrades

A number of analysts recently commented on the stock. Weiss Ratings upgraded shares of Insight Enterprises from a "hold (c-)" rating to a "hold (c)" rating in a report on Monday, August 3rd. Barrington Research set a $180.00 price target on shares of Insight Enterprises in a research report on Monday, August 10th. JPMorgan Chase & Co. upped their price target on 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 Insight Enterprises from a "hold" rating to a "strong-buy" rating in a research report on Tuesday, July 7th. Finally, Wall Street Zen lowered Insight Enterprises from a "strong-buy" rating to a "buy" rating in a research note on Sunday, August 2nd. One research analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating and three have assigned a Hold rating to the stock. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average target price of $147.50.

Insight Enterprises Price Performance

NASDAQ NSIT opened at $147.26 on Thursday. The company has a current ratio of 1.18, a quick ratio of 1.15 and a debt-to-equity ratio of 0.92. Insight Enterprises, Inc. has a 1 year low of $63.62 and a 1 year high of $157.35. The company has a market cap of $4.32 billion, a PE ratio of 21.56, a PEG ratio of 1.14 and a beta of 1.07. The stock's 50-day moving average price is $124.33 and its two-hundred day moving average price is $97.93.

Insight Enterprises (NASDAQ:NSIT - Get Free Report) last announced its earnings results on Thursday, August 6th. The software maker reported $3.86 EPS for the quarter, topping the consensus estimate of $2.93 by $0.93. The company had revenue of $2.40 billion during the quarter, compared to analysts' expectations of $2.18 billion. Insight Enterprises had a net margin of 2.45% and a return on equity of 22.70%. The business's revenue for the quarter was up 14.7% on a year-over-year basis. During the same period last year, the company posted $2.45 earnings per share. Insight Enterprises has set its FY 2026 guidance at 12.200-12.700 EPS. On average, analysts predict that Insight Enterprises, Inc. will post 10.89 EPS for the current year.

Insight Enterprises 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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