Envestnet Asset Management Inc. Grows Position in Insight Enterprises, Inc. (NASDAQ:NSIT)

Envestnet Asset Management Inc. lifted its holdings in shares of Insight Enterprises, Inc. (NASDAQ:NSIT - Free Report) by 64.9% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 33,158 shares of the software maker's stock after buying an additional 13,051 shares during the period. Envestnet Asset Management Inc. owned about 0.10% of Insight Enterprises worth $4,973,000 at the end of the most recent reporting period.

A number of other large investors have also modified their holdings of the business. NewEdge Advisors LLC raised its stake in shares of Insight Enterprises by 32.8% during the 4th quarter. NewEdge Advisors LLC now owns 255 shares of the software maker's stock worth $39,000 after buying an additional 63 shares in the last quarter. Bessemer Group Inc. raised its stake in shares of Insight Enterprises by 79.2% during the 1st quarter. Bessemer Group Inc. now owns 190 shares of the software maker's stock worth $29,000 after buying an additional 84 shares in the last quarter. Parallel Advisors LLC raised 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 buying an additional 95 shares in the last quarter. Quantinno Capital Management LP raised its stake in shares of Insight Enterprises by 4.0% during the 4th quarter. Quantinno Capital Management LP now owns 3,594 shares of the software maker's stock worth $547,000 after buying an additional 138 shares in the last quarter. Finally, Cynosure Group LLC raised its stake in shares of Insight Enterprises by 8.6% during the 4th quarter. Cynosure Group LLC now owns 1,865 shares of the software maker's stock worth $284,000 after buying an additional 148 shares in the last quarter.

Insight Enterprises Price Performance

NASDAQ NSIT traded down $0.23 during mid-day trading on Monday, hitting $145.59. The stock had a trading volume of 192,606 shares, compared to its average volume of 230,789. Insight Enterprises, Inc. has a 52-week low of $126.10 and a 52-week high of $228.07. The company has a market cap of $4.65 billion, a price-to-earnings ratio of 29.12, a P/E/G ratio of 1.34 and a beta of 1.20. The company has a 50 day simple moving average of $137.09 and a 200 day simple moving average of $146.39. The company has a quick ratio of 1.19, a current ratio of 1.23 and a debt-to-equity ratio of 0.60.

Insight Enterprises (NASDAQ:NSIT - Get Free Report) last released its quarterly earnings data on Thursday, May 1st. The software maker reported $2.06 earnings per share for the quarter, beating the consensus estimate of $2.03 by $0.03. Insight Enterprises had a return on equity of 18.50% and a net margin of 2.26%. The firm had revenue of $2.10 billion during the quarter, compared to the consensus estimate of $2.19 billion. During the same period last year, the business posted $2.37 EPS. Insight Enterprises's quarterly revenue was down 11.6% on a year-over-year basis. Equities analysts forecast that Insight Enterprises, Inc. will post 9.89 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of equities analysts have recently issued reports on NSIT shares. Barrington Research reissued an "outperform" rating and set a $164.00 target price on shares of Insight Enterprises in a research note on Monday, July 21st. JPMorgan Chase & Co. raised their price objective on Insight Enterprises from $152.00 to $165.00 and gave the company a "neutral" rating in a research note on Thursday, July 17th.

About Insight Enterprises

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.