Insight Enterprises, Inc. (NASDAQ:NSIT) Shares Purchased by ProShare Advisors LLC

ProShare Advisors LLC increased its holdings in shares of Insight Enterprises, Inc. (NASDAQ:NSIT - Free Report) by 40.9% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 8,207 shares of the software maker's stock after purchasing an additional 2,384 shares during the period. ProShare Advisors LLC's holdings in Insight Enterprises were worth $1,248,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also recently added to or reduced their stakes in the company. Golden State Wealth Management LLC purchased a new stake in Insight Enterprises during the 4th quarter worth $32,000. R Squared Ltd purchased a new stake in Insight Enterprises during the 4th quarter worth $33,000. J.Safra Asset Management Corp boosted its position in Insight Enterprises by 40.8% during the 4th quarter. J.Safra Asset Management Corp now owns 245 shares of the software maker's stock worth $37,000 after purchasing an additional 71 shares during the period. NewEdge Advisors LLC boosted its position in Insight Enterprises by 32.8% during the 4th quarter. NewEdge Advisors LLC now owns 255 shares of the software maker's stock worth $39,000 after purchasing an additional 63 shares during the period. Finally, Smartleaf Asset Management LLC boosted 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 period.

Analyst Ratings Changes

A number of research firms have weighed in on NSIT. Barrington Research reissued an "outperform" rating and issued a $164.00 price objective on shares of Insight Enterprises in a research report on Tuesday, May 20th. JPMorgan Chase & Co. decreased their price objective 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. Three analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of "Hold" and a consensus price target of $185.00.

Insight Enterprises Stock Up 3.7%

NASDAQ:NSIT traded up $4.84 on Tuesday, reaching $136.92. The stock had a trading volume of 90,482 shares, compared to its average volume of 323,724. 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 company has a 50-day moving average of $138.32 and a 200 day moving average of $152.20. The stock has a market cap of $4.37 billion, a P/E ratio of 21.00, a price-to-earnings-growth ratio of 1.40 and a beta of 1.22. Insight Enterprises, Inc. has a 12-month low of $126.10 and a 12-month high of $228.07.

Insight Enterprises (NASDAQ:NSIT - Get Free Report) last issued its earnings results 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. The business had revenue of $2.10 billion for the quarter, compared to analyst estimates of $2.19 billion. Insight Enterprises had a net margin of 2.87% and a return on equity of 18.95%. The company's revenue for the quarter was down 11.6% on a year-over-year basis. During the same quarter in the prior year, the business posted $2.37 EPS. On average, research analysts predict that Insight Enterprises, Inc. will post 9.89 earnings per share for the current year.

About Insight Enterprises

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.