Insight Enterprises, Inc. (NASDAQ:NSIT) Stock Holdings Boosted by GSA Capital Partners LLP

GSA Capital Partners LLP grew its stake in Insight Enterprises, Inc. (NASDAQ:NSIT - Free Report) by 333.2% during the first quarter, according to its most recent 13F filing with the SEC. The firm owned 9,938 shares of the software maker's stock after acquiring an additional 7,644 shares during the period. GSA Capital Partners LLP's holdings in Insight Enterprises were worth $1,491,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also made changes to their positions in the stock. Dimensional Fund Advisors LP increased its position in shares of Insight Enterprises by 0.4% in the 4th 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. Massachusetts Financial Services Co. MA grew its position in shares of Insight Enterprises by 48.0% in the 1st quarter. Massachusetts Financial Services Co. MA now owns 558,356 shares of the software maker's stock valued at $83,748,000 after buying an additional 181,104 shares during the last quarter. Northern Trust Corp grew its position in shares of Insight Enterprises by 16.5% in the 4th 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. Norges Bank purchased a new position in Insight Enterprises during the 4th quarter worth $47,585,000. Finally, Wellington Management Group LLP boosted its stake in shares of Insight Enterprises by 65.7% during the fourth quarter. Wellington Management Group LLP now owns 270,797 shares of the software maker's stock worth $41,188,000 after buying an additional 107,397 shares during the period.

Insight Enterprises Trading Up 1.5%

Insight Enterprises stock traded up $1.82 during trading on Friday, reaching $120.40. The company had a trading volume of 665,084 shares, compared to its average volume of 255,160. Insight Enterprises, Inc. has a 12-month low of $118.30 and a 12-month high of $225.38. The stock's 50 day moving average price is $136.99 and its two-hundred day moving average price is $145.80. The firm has a market capitalization of $3.84 billion, a price-to-earnings ratio of 28.74, a PEG ratio of 1.09 and a beta of 1.20. The company has a debt-to-equity ratio of 0.83, a quick ratio of 1.19 and a current ratio of 1.29.

Insight Enterprises (NASDAQ:NSIT - Get Free Report) last posted its earnings results on Thursday, July 31st. The software maker reported $2.45 EPS for the quarter, missing analysts' consensus estimates of $2.49 by ($0.04). Insight Enterprises had a return on equity of 18.68% and a net margin of 1.79%. The firm had revenue of $2.09 billion for the quarter, compared to analyst estimates of $2.15 billion. During the same period in the previous year, the firm posted $2.46 earnings per share. The company's revenue for the quarter was down 3.3% on a year-over-year basis. As a group, equities analysts expect that Insight Enterprises, Inc. will post 9.89 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several analysts have recently commented on the stock. JPMorgan Chase & Co. raised their target price 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 reiterated an "outperform" rating and issued a $164.00 price objective on shares of Insight Enterprises in a research note on Monday, July 21st.

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.