Insight Enterprises, Inc. (NASDAQ:NSIT) Shares Bought by GAMMA Investing LLC

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

Several other large investors also recently modified their holdings of the business. Dimensional Fund Advisors LP boosted its holdings in Insight Enterprises by 0.4% in the fourth quarter. Dimensional Fund Advisors LP now owns 821,409 shares of the software maker's stock valued at $124,934,000 after purchasing an additional 2,944 shares during the last quarter. Northern Trust Corp increased its holdings in Insight Enterprises by 16.5% in the fourth quarter. Northern Trust Corp now owns 446,526 shares of the software maker's stock valued at $67,917,000 after buying an additional 63,200 shares during the last quarter. Massachusetts Financial Services Co. MA bought a new position in Insight Enterprises during the 4th quarter worth approximately $57,380,000. Norges Bank bought a new position in Insight Enterprises during the 4th quarter worth approximately $47,585,000. Finally, Wellington Management Group LLP grew its position in shares of Insight Enterprises by 65.7% in the 4th quarter. Wellington Management Group LLP now owns 270,797 shares of the software maker's stock worth $41,188,000 after acquiring an additional 107,397 shares in the last quarter.

Insight Enterprises Stock Performance

Shares of NASDAQ:NSIT traded down $1.73 during trading hours on Monday, hitting $128.66. The stock had a trading volume of 238,048 shares, compared to its average volume of 325,134. The stock's fifty day simple moving average is $136.47 and its 200 day simple moving average is $151.46. Insight Enterprises, Inc. has a 1-year low of $126.10 and a 1-year high of $228.07. The firm has a market capitalization of $4.11 billion, a price-to-earnings ratio of 19.73, a PEG ratio of 1.40 and a beta of 1.22. The company has a debt-to-equity ratio of 0.30, a quick ratio of 1.15 and a current ratio of 1.18.

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

Analyst Upgrades and Downgrades

A number of equities analysts have commented on the stock. Barrington Research reaffirmed an "outperform" rating and issued a $164.00 price objective on shares of Insight Enterprises in a report on Tuesday, May 20th. JPMorgan Chase & Co. dropped their price objective on shares of Insight Enterprises from $193.00 to $156.00 and set a "neutral" rating on the stock in a research note on Thursday, April 17th. Three equities research analysts have rated the stock with a hold rating and two have given a buy rating to the stock. According to MarketBeat.com, Insight Enterprises has an average rating of "Hold" and a consensus target price 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.