Deutsche Bank AG purchased a new stake in shares of Insight Enterprises, Inc. (NASDAQ:NSIT - Free Report) during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 30,597 shares of the software maker's stock, valued at approximately $3,727,000. Deutsche Bank AG owned 0.10% of Insight Enterprises as of its most recent filing with the Securities and Exchange Commission (SEC).
A number of other hedge funds and other institutional investors have also modified their holdings of the stock. Creative Planning lifted its holdings in Insight Enterprises by 1.8% in the third quarter. Creative Planning now owns 7,630 shares of the software maker's stock worth $865,000 after purchasing an additional 135 shares during the period. CWM LLC increased its stake in Insight Enterprises by 39.2% during the 4th quarter. CWM LLC now owns 529 shares of the software maker's stock valued at $43,000 after buying an additional 149 shares during the period. Raymond James Financial Inc. raised its position in shares of Insight Enterprises by 1.6% during the 3rd quarter. Raymond James Financial Inc. now owns 9,854 shares of the software maker's stock worth $1,118,000 after buying an additional 154 shares in the last quarter. EverSource Wealth Advisors LLC raised its position in shares of Insight Enterprises by 26.0% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 775 shares of the software maker's stock worth $107,000 after buying an additional 160 shares in the last quarter. Finally, Captrust Financial Advisors lifted its stake in shares of Insight Enterprises by 4.5% in the 2nd quarter. Captrust Financial Advisors now owns 3,782 shares of the software maker's stock worth $522,000 after acquiring an additional 162 shares during the period.
Wall Street Analysts Forecast Growth
Several research analysts have recently issued reports on the stock. Canaccord Genuity Group set a $75.00 price objective on shares of Insight Enterprises in a report on Friday, May 8th. JPMorgan Chase & Co. boosted their target price on Insight Enterprises from $135.00 to $160.00 and gave the stock a "neutral" rating in a report on Friday, August 7th. Needham & Company LLC upgraded Insight Enterprises to an "overweight" rating in a research report on Wednesday, May 27th. Raymond James Financial reiterated an "outperform" rating and set a $175.00 price target on shares of Insight Enterprises in a research report on Thursday, August 6th. Finally, Zacks Research raised Insight Enterprises from a "hold" rating to a "strong-buy" rating in a research note on Tuesday, July 7th. One 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 company. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $147.50.
Get Our Latest Research Report on NSIT
Insight Enterprises Stock Performance
Shares of NSIT opened at $150.63 on Wednesday. The company has a 50-day moving average of $127.29 and a two-hundred day moving average of $99.77. The stock has a market cap of $4.42 billion, a price-to-earnings ratio of 22.05, a PEG ratio of 1.05 and a beta of 1.07. 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 $157.35.
Insight Enterprises (NASDAQ:NSIT - Get Free Report) last issued its quarterly earnings results on Thursday, August 6th. The software maker reported $3.86 EPS for the quarter, beating the consensus estimate of $2.93 by $0.93. Insight Enterprises had a net margin of 2.45% and a return on equity of 22.70%. The business had revenue of $2.40 billion during the quarter, compared to the consensus estimate of $2.18 billion. During the same quarter in the prior year, the firm earned $2.45 EPS. The firm's quarterly revenue was up 14.7% on a year-over-year basis. Insight Enterprises has set its FY 2026 guidance at 12.200-12.700 EPS. On average, equities research analysts expect that Insight Enterprises, Inc. will post 11.5 earnings per share for the current year.
Insight Enterprises Company Profile
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Free Report)
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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