GAMMA Investing LLC Purchases 172,833 Shares of Insight Enterprises, Inc. (NASDAQ:NSIT)

GAMMA Investing LLC increased its position in Insight Enterprises, Inc. (NASDAQ:NSIT - Free Report) by 42,674.8% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 173,238 shares of the software maker's stock after buying an additional 172,833 shares during the quarter. GAMMA Investing LLC owned 0.55% of Insight Enterprises worth $259,840,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also added to or reduced their stakes in the company. Golden State Wealth Management LLC acquired a new position in Insight Enterprises in the 4th quarter valued at approximately $32,000. R Squared Ltd bought a new stake in shares of Insight Enterprises in the fourth quarter worth $33,000. J.Safra Asset Management Corp increased its holdings in Insight Enterprises by 40.8% in the fourth quarter. J.Safra Asset Management Corp now owns 245 shares of the software maker's stock valued at $37,000 after purchasing an additional 71 shares during the period. NewEdge Advisors LLC increased its holdings in Insight Enterprises by 32.8% in the fourth quarter. NewEdge Advisors LLC now owns 255 shares of the software maker's stock valued at $39,000 after purchasing an additional 63 shares during the period. Finally, Smartleaf Asset Management LLC raised its position in Insight Enterprises by 287.7% during the 4th quarter. Smartleaf Asset Management LLC now owns 504 shares of the software maker's stock worth $76,000 after purchasing an additional 374 shares during the last quarter.

Insight Enterprises Trading Up 0.1%

NSIT stock traded up $0.15 during midday trading on Wednesday, hitting $131.46. The stock had a trading volume of 33,102 shares, compared to its average volume of 324,067. The company has a current ratio of 1.18, a quick ratio of 1.15 and a debt-to-equity ratio of 0.30. The firm has a market cap of $4.20 billion, a P/E ratio of 20.16, a price-to-earnings-growth ratio of 1.40 and a beta of 1.22. The business has a fifty day moving average price of $135.48 and a two-hundred day moving average price of $151.16. Insight Enterprises, Inc. has a 1-year low of $126.10 and a 1-year high of $228.07.

Insight Enterprises (NASDAQ:NSIT - Get Free Report) last issued its quarterly earnings results on Thursday, May 1st. The software maker reported $2.06 EPS for the quarter, beating analysts' consensus estimates of $2.03 by $0.03. The business had revenue of $2.10 billion for the quarter, compared to analysts' expectations of $2.19 billion. Insight Enterprises had a net margin of 2.87% and a return on equity of 18.95%. The business's quarterly revenue was down 11.6% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $2.37 earnings per share. On average, sell-side analysts predict that Insight Enterprises, Inc. will post 9.89 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several equities research analysts have recently weighed in on NSIT shares. JPMorgan Chase & Co. decreased their price target on Insight Enterprises from $193.00 to $156.00 and set a "neutral" rating for the company in a research note on Thursday, April 17th. Barrington Research reiterated an "outperform" rating and issued a $164.00 target price on shares of Insight Enterprises in a report on Tuesday, May 20th. Three research analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. Based on data from MarketBeat.com, Insight Enterprises presently has a consensus rating of "Hold" and an average price target of $185.00.

Insight Enterprises Profile

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.