Tidal Investments LLC Boosts Stock Holdings in Insight Enterprises, Inc. (NASDAQ:NSIT)

Tidal Investments LLC increased its position in shares of Insight Enterprises, Inc. (NASDAQ:NSIT - Free Report) by 59.7% during the 4th quarter, according to its most recent 13F 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 at the end of the most recent reporting period.

Other large investors also recently modified their holdings of the company. Golden State Wealth Management LLC bought a new position in shares of Insight Enterprises in the fourth quarter worth about $32,000. R Squared Ltd bought a new position in Insight Enterprises in the 4th quarter worth approximately $33,000. J.Safra Asset Management Corp grew its holdings 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 buying an additional 71 shares in the last quarter. NewEdge Advisors LLC grew its holdings in Insight Enterprises by 32.8% during the 4th quarter. NewEdge Advisors LLC now owns 255 shares of the software maker's stock valued at $39,000 after buying an additional 63 shares in the last quarter. Finally, Smartleaf Asset Management LLC raised its position in shares of Insight Enterprises by 287.7% during the fourth quarter. Smartleaf Asset Management LLC now owns 504 shares of the software maker's stock valued at $76,000 after buying an additional 374 shares during the last quarter.

Analysts Set New Price Targets

NSIT has been the topic of a number of research reports. 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. JPMorgan Chase & Co. cut their target price on shares of Insight Enterprises from $193.00 to $156.00 and set a "neutral" rating for the company in a report on Thursday, April 17th. Three equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of "Hold" and a consensus price target of $185.00.

Insight Enterprises Trading Down 1.4%

NASDAQ NSIT traded down $1.83 during trading on Thursday, hitting $132.14. The stock had a trading volume of 122,958 shares, compared to its average volume of 324,289. The stock has a market capitalization of $4.22 billion, a price-to-earnings ratio of 20.23, a P/E/G ratio of 1.40 and a beta of 1.22. The stock has a 50 day simple moving average of $137.57 and a 200 day simple moving average of $151.97. Insight Enterprises, Inc. has a one year low of $126.10 and a one year high of $228.07. The company has a debt-to-equity ratio of 0.30, a quick ratio of 1.15 and a current ratio of 1.18.

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 (EPS) for the quarter, beating 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 company had revenue of $2.10 billion during the quarter, compared to analysts' expectations of $2.19 billion. During the same quarter in the previous year, the business earned $2.37 EPS. Insight Enterprises's revenue was down 11.6% compared to the same quarter last year. Sell-side 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.