TT International Asset Management LTD Buys Shares of 24,704 Insight Enterprises, Inc. (NASDAQ:NSIT)

TT International Asset Management LTD acquired a new stake in Insight Enterprises, Inc. (NASDAQ:NSIT - Free Report) in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 24,704 shares of the software maker's stock, valued at approximately $3,705,000. Insight Enterprises accounts for 0.5% of TT International Asset Management LTD's investment portfolio, making the stock its 25th largest position. TT International Asset Management LTD owned about 0.08% of Insight Enterprises at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. Riverwater Partners LLC boosted its position in Insight Enterprises by 11.6% during the first quarter. Riverwater Partners LLC now owns 1,947 shares of the software maker's stock valued at $292,000 after acquiring an additional 202 shares during the last quarter. QRG Capital Management Inc. boosted its position in Insight Enterprises by 5.0% during the first quarter. QRG Capital Management Inc. now owns 8,572 shares of the software maker's stock valued at $1,286,000 after acquiring an additional 405 shares during the last quarter. Janney Montgomery Scott LLC bought a new stake in Insight Enterprises during the first quarter valued at $952,000. Ritholtz Wealth Management boosted its position in Insight Enterprises by 2.2% during the first quarter. Ritholtz Wealth Management now owns 7,977 shares of the software maker's stock valued at $1,196,000 after acquiring an additional 174 shares during the last quarter. Finally, Opal Wealth Advisors LLC bought a new position in shares of Insight Enterprises during the 1st quarter worth about $27,000.

Wall Street Analyst Weigh In

A number of research firms have recently issued reports on NSIT. JPMorgan Chase & Co. cut their price objective on shares of Insight Enterprises from $193.00 to $156.00 and set a "neutral" rating on the stock in a research report on Thursday, April 17th. Barrington Research reissued an "outperform" rating and set a $164.00 price objective on shares of Insight Enterprises in a research report on Tuesday, May 20th. 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, the stock has a consensus rating of "Hold" and a consensus target price of $185.00.

Insight Enterprises Stock Down 2.0%

Shares of NASDAQ:NSIT traded down $2.62 during mid-day trading on Friday, hitting $131.57. 637,325 shares of the company traded hands, compared to its average volume of 328,675. The stock has a market cap of $4.20 billion, a P/E ratio of 26.31, a P/E/G ratio of 1.22 and a beta of 1.20. The company has a current ratio of 1.23, a quick ratio of 1.19 and a debt-to-equity ratio of 0.60. Insight Enterprises, Inc. has a 12-month low of $126.10 and a 12-month high of $228.07. The stock has a 50-day moving average price of $134.09 and a two-hundred day moving average price of $149.21.

Insight Enterprises (NASDAQ:NSIT - Get Free Report) last issued its quarterly earnings results on Thursday, May 1st. The software maker reported $2.06 EPS for the quarter, topping 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 return on equity of 18.50% and a net margin of 2.26%. Insight Enterprises's quarterly revenue was down 11.6% compared to the same quarter last year. During the same period last year, the company posted $2.37 earnings per share. On average, equities research analysts forecast 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.