Two Sigma Investments LP Purchases New Position in Insight Enterprises, Inc. (NASDAQ:NSIT)

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

A number of other institutional investors have also recently made changes to their positions in NSIT. Dimensional Fund Advisors LP increased its position in shares of Insight Enterprises by 0.4% in the 4th quarter. Dimensional Fund Advisors LP now owns 821,409 shares of the software maker's stock valued at $124,934,000 after acquiring an additional 2,944 shares during the period. Northern Trust Corp lifted its position in shares of Insight Enterprises by 16.5% during the 4th quarter. Northern Trust Corp now owns 446,526 shares of the software maker's stock valued at $67,917,000 after buying an additional 63,200 shares in the last quarter. Massachusetts Financial Services Co. MA purchased a new stake in shares of Insight Enterprises during the fourth quarter worth about $57,380,000. Norges Bank purchased a new position in shares of Insight Enterprises in the fourth quarter valued at approximately $47,585,000. Finally, Wellington Management Group LLP boosted its stake in Insight Enterprises by 65.7% during the 4th quarter. Wellington Management Group LLP now owns 270,797 shares of the software maker's stock worth $41,188,000 after purchasing an additional 107,397 shares during the last quarter.

Insight Enterprises Trading Down 2.4%

NSIT traded down $3.17 during trading hours on Friday, reaching $131.05. The company's stock had a trading volume of 266,017 shares, compared to its average volume of 327,676. The business's 50-day moving average is $134.29 and its 200-day moving average is $150.11. 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 stock has a market cap of $4.18 billion, a PE ratio of 20.10, a P/E/G ratio of 1.40 and a beta of 1.20. Insight Enterprises, Inc. has a fifty-two week low of $126.10 and a fifty-two week 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, beating analysts' consensus estimates of $2.03 by $0.03. The firm had revenue of $2.10 billion during the quarter, compared to analysts' expectations of $2.19 billion. Insight Enterprises had a net margin of 2.87% and a return on equity of 18.95%. The business's quarterly revenue was down 11.6% compared to the same quarter last year. During the same quarter in the previous year, the business posted $2.37 earnings per share. As a group, equities research analysts predict that Insight Enterprises, Inc. will post 9.89 earnings per share for the current fiscal year.

Analyst Ratings Changes

NSIT has been the topic of several recent research reports. Barrington Research restated an "outperform" rating and set a $164.00 target price on shares of Insight Enterprises in a report on Tuesday, May 20th. JPMorgan Chase & Co. lowered their price objective 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. Three investment analysts have rated the stock with a hold rating and two have issued a buy rating to the company's stock. According to data from MarketBeat.com, the stock has a consensus rating of "Hold" and an average target price of $185.00.

Insight Enterprises 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.