Two Sigma Investments LP Acquires Shares of 2,544 Insight Enterprises, Inc. (NASDAQ:NSIT)

Two Sigma Investments LP purchased a new stake in shares of Insight Enterprises, Inc. (NASDAQ:NSIT - Free Report) in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund purchased 2,544 shares of the software maker's stock, valued at approximately $387,000.

Other large investors have also made changes to their positions in the company. Golden State Wealth Management LLC bought a new stake in Insight Enterprises in the fourth quarter worth $32,000. Entropy Technologies LP increased its stake in shares of Insight Enterprises by 511.1% in the fourth quarter. Entropy Technologies LP now owns 7,174 shares of the software maker's stock worth $1,091,000 after purchasing an additional 6,000 shares during the period. Equitable Trust Co. acquired a new position in shares of Insight Enterprises during the 4th quarter worth about $797,000. Summit Trail Advisors LLC boosted its stake in Insight Enterprises by 4.7% during the 4th quarter. Summit Trail Advisors LLC now owns 4,298 shares of the software maker's stock valued at $654,000 after purchasing an additional 192 shares during the period. Finally, Allspring Global Investments Holdings LLC increased its position in Insight Enterprises by 207.5% in the 4th quarter. Allspring Global Investments Holdings LLC now owns 103,926 shares of the software maker's stock worth $15,522,000 after buying an additional 70,134 shares during the period.

Analysts Set New Price Targets

Several equities analysts recently issued reports on the company. JPMorgan Chase & Co. lowered their price target on Insight Enterprises from $193.00 to $156.00 and set a "neutral" rating on the stock in a research note on Thursday, April 17th. Barrington Research restated an "outperform" rating and set a $164.00 price target on shares of Insight Enterprises in a research note on Tuesday, May 20th. Three analysts have rated the stock with a hold rating and two have given a buy rating to the company's stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Hold" and an average price target of $185.00.

Insight Enterprises Stock Down 2.4%

NSIT stock traded down $3.17 during mid-day trading on Friday, hitting $131.05. 266,017 shares of the company were exchanged, compared to its average volume of 327,044. 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, Inc. has a 1-year low of $126.10 and a 1-year high of $228.07. The firm's 50 day simple moving average is $134.29 and its 200 day simple moving average is $150.15. The firm has a market cap of $4.18 billion, a P/E ratio of 20.10, a P/E/G ratio of 1.40 and a beta of 1.20.

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 net margin of 2.87% and a return on equity of 18.95%. The company had revenue of $2.10 billion for the quarter, compared to the consensus estimate of $2.19 billion. During the same period last year, the company earned $2.37 earnings per share. The firm's revenue was down 11.6% compared to the same quarter last year. On average, sell-side analysts predict that Insight Enterprises, Inc. will post 9.89 EPS for the current fiscal 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.