Envestnet Asset Management Inc. boosted its position in shares of Insight Enterprises, Inc. (NASDAQ:NSIT - Free Report) by 64.9% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 33,158 shares of the software maker's stock after acquiring an additional 13,051 shares during the period. Envestnet Asset Management Inc. owned 0.10% of Insight Enterprises worth $4,973,000 as of its most recent SEC filing.
Other hedge funds also recently bought and sold shares of the company. Opal Wealth Advisors LLC purchased a new position in Insight Enterprises in the 1st quarter worth approximately $27,000. Bessemer Group Inc. increased its position in Insight Enterprises by 79.2% during the 1st quarter. Bessemer Group Inc. now owns 190 shares of the software maker's stock valued at $29,000 after purchasing an additional 84 shares during the period. NewEdge Advisors LLC grew its position in shares of 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 buying an additional 63 shares during the period. Parallel Advisors LLC grew its position in shares of Insight Enterprises by 40.4% in 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 during the period. Finally, Golden State Wealth Management LLC grew its position in Insight Enterprises by 100.5% during the 1st quarter. Golden State Wealth Management LLC now owns 419 shares of the software maker's stock valued at $63,000 after purchasing an additional 210 shares during the last quarter.
Insight Enterprises Stock Performance
NASDAQ NSIT traded up $1.37 on Friday, reaching $145.82. 130,468 shares of the stock were exchanged, compared to its average volume of 266,244. The company has a current ratio of 1.23, a quick ratio of 1.19 and a debt-to-equity ratio of 0.60. Insight Enterprises, Inc. has a one year low of $126.10 and a one year high of $228.07. The company's 50-day simple moving average is $136.71 and its two-hundred day simple moving average is $146.69. The firm has a market capitalization of $4.66 billion, a PE ratio of 29.16, a PEG ratio of 1.33 and a beta of 1.20.
Insight Enterprises (NASDAQ:NSIT - Get Free Report) last announced its quarterly earnings data on Thursday, May 1st. The software maker reported $2.06 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $2.03 by $0.03. Insight Enterprises had a net margin of 2.26% and a return on equity of 18.50%. The business had revenue of $2.10 billion during the quarter, compared to analyst estimates of $2.19 billion. During the same period last year, the firm posted $2.37 EPS. The company's revenue was down 11.6% on a year-over-year basis. Analysts expect that Insight Enterprises, Inc. will post 9.89 EPS for the current fiscal year.
Wall Street Analyst Weigh In
Several equities analysts have recently weighed in on NSIT shares. JPMorgan Chase & Co. increased their price objective on shares of 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 restated an "outperform" rating and set a $164.00 target price on shares of Insight Enterprises in a research note on Monday.
View Our Latest Report on Insight Enterprises
Insight Enterprises Company 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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