ProShare Advisors LLC Has $1.25 Million Holdings in Insight Enterprises, Inc. (NASDAQ:NSIT)

ProShare Advisors LLC boosted its position in Insight Enterprises, Inc. (NASDAQ:NSIT - Free Report) by 40.9% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 8,207 shares of the software maker's stock after buying an additional 2,384 shares during the quarter. ProShare Advisors LLC's holdings in Insight Enterprises were worth $1,248,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently bought and sold shares of the business. Alberta Investment Management Corp bought a new stake in shares of Insight Enterprises in the 4th quarter worth approximately $2,494,000. Raymond James Financial Inc. purchased a new position in shares of Insight Enterprises during the fourth quarter valued at $532,000. Principal Financial Group Inc. boosted its holdings in shares of Insight Enterprises by 1.2% during the fourth quarter. Principal Financial Group Inc. now owns 143,544 shares of the software maker's stock worth $21,833,000 after purchasing an additional 1,653 shares during the period. Rhumbline Advisers boosted its stake in shares of Insight Enterprises by 2.4% during the 4th quarter. Rhumbline Advisers now owns 82,198 shares of the software maker's stock valued at $12,502,000 after buying an additional 1,925 shares during the period. Finally, New York Life Investment Management LLC purchased a new stake in shares of Insight Enterprises during the fourth quarter worth $449,000.

Analyst Upgrades and Downgrades

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

Insight Enterprises Price Performance

Shares of NASDAQ:NSIT traded down $1.91 during trading on Wednesday, reaching $135.02. The stock had a trading volume of 25,356 shares, compared to its average volume of 323,335. The business's 50-day moving average price is $137.97 and its 200 day moving average price is $152.10. The company has a debt-to-equity ratio of 0.30, a current ratio of 1.18 and a quick ratio of 1.15. Insight Enterprises, Inc. has a 52 week low of $126.10 and a 52 week high of $228.07. The stock has a market capitalization of $4.31 billion, a PE ratio of 20.72, a P/E/G ratio of 1.40 and a beta of 1.22.

Insight Enterprises (NASDAQ:NSIT - Get Free Report) last posted its quarterly earnings data on Thursday, May 1st. The software maker reported $2.06 earnings per share for the quarter, topping the consensus estimate of $2.03 by $0.03. The firm had revenue of $2.10 billion during 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%. Insight Enterprises's revenue was down 11.6% on a year-over-year basis. During the same quarter in the previous year, the company posted $2.37 EPS. As a group, equities analysts predict that Insight Enterprises, Inc. will post 9.89 earnings per share for the current year.

Insight Enterprises Company 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.