Insight Enterprises, Inc. (NASDAQ:NSIT) Shares Acquired by Tidal Investments LLC

Tidal Investments LLC increased its holdings in shares of Insight Enterprises, Inc. (NASDAQ:NSIT - Free Report) by 59.7% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 7,846 shares of the software maker's stock after purchasing an additional 2,932 shares during the period. Tidal Investments LLC's holdings in Insight Enterprises were worth $1,193,000 as of its most recent SEC filing.

A number of other large investors have also recently bought and sold shares of NSIT. Golden State Wealth Management LLC purchased a new stake in shares of Insight Enterprises in the fourth quarter valued at about $32,000. R Squared Ltd purchased a new stake in Insight Enterprises during the 4th quarter valued at approximately $33,000. J.Safra Asset Management Corp raised its stake 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 valued at $37,000 after acquiring an additional 71 shares during the last quarter. NewEdge Advisors LLC lifted 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 acquiring an additional 63 shares during the period. Finally, Smartleaf Asset Management LLC grew its stake in shares of Insight Enterprises by 287.7% in the 4th quarter. Smartleaf Asset Management LLC now owns 504 shares of the software maker's stock valued at $76,000 after purchasing an additional 374 shares during the last quarter.

Wall Street Analyst Weigh In

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

Insight Enterprises Stock Performance

Shares of NSIT stock traded down $2.76 during trading hours on Friday, reaching $129.40. 34,036 shares of the company's stock were exchanged, compared to its average volume of 323,468. The company has a debt-to-equity ratio of 0.30, a current ratio of 1.18 and a quick ratio of 1.15. The company's 50 day moving average is $137.00 and its two-hundred day moving average is $151.73. The company has a market cap of $4.13 billion, a P/E ratio of 19.92, a price-to-earnings-growth ratio of 1.40 and a beta of 1.22. Insight Enterprises, Inc. has a 1 year low of $126.10 and a 1 year high of $228.07.

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