Skandinaviska Enskilda Banken AB publ Has $465,000 Stock Holdings in Insight Enterprises, Inc. (NASDAQ:NSIT)

Skandinaviska Enskilda Banken AB publ grew its position in Insight Enterprises, Inc. (NASDAQ:NSIT - Free Report) by 244.4% in the first quarter, according to its most recent filing with the SEC. The fund owned 3,100 shares of the software maker's stock after acquiring an additional 2,200 shares during the period. Skandinaviska Enskilda Banken AB publ's holdings in Insight Enterprises were worth $465,000 as of its most recent filing with the SEC.

A number of other large investors also recently modified their holdings of the company. Opal Wealth Advisors LLC bought a new position in Insight Enterprises during the 1st quarter worth $27,000. Bessemer Group Inc. raised its position in Insight Enterprises by 79.2% during the 1st quarter. Bessemer Group Inc. now owns 190 shares of the software maker's stock worth $29,000 after purchasing an additional 84 shares during the last quarter. NewEdge Advisors LLC raised 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 last quarter. Parallel Advisors LLC raised its position in Insight Enterprises by 40.4% during the 1st quarter. Parallel Advisors LLC now owns 330 shares of the software maker's stock worth $49,000 after purchasing an additional 95 shares during the last quarter. Finally, Golden State Wealth Management LLC raised its position in Insight Enterprises by 100.5% during the 1st quarter. Golden State Wealth Management LLC now owns 419 shares of the software maker's stock worth $63,000 after purchasing an additional 210 shares during the last quarter.

Insight Enterprises Trading Up 1.5%

Insight Enterprises stock traded up $1.82 during trading hours on Friday, reaching $120.40. 665,084 shares of the company's stock were exchanged, compared to its average volume of 255,160. The company has a quick ratio of 1.19, a current ratio of 1.29 and a debt-to-equity ratio of 0.83. The firm's 50 day simple moving average is $136.99 and its 200 day simple moving average is $145.80. Insight Enterprises, Inc. has a twelve month low of $118.30 and a twelve month high of $225.38. The firm has a market capitalization of $3.84 billion, a PE ratio of 28.74, a PEG ratio of 1.09 and a beta of 1.20.

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

Wall Street Analysts Forecast Growth

A number of brokerages have weighed in on NSIT. JPMorgan Chase & Co. increased their price target on Insight Enterprises from $152.00 to $165.00 and gave the stock a "neutral" rating in a report on Thursday, July 17th. Barrington Research reiterated an "outperform" rating and set a $164.00 price target on shares of Insight Enterprises in a report on Monday, July 21st.

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.