UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Purchases 10,446 Shares of Insight Enterprises, Inc. (NASDAQ:NSIT)

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its stake in shares of Insight Enterprises, Inc. (NASDAQ:NSIT - Free Report) by 17.4% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 70,537 shares of the software maker's stock after purchasing an additional 10,446 shares during the quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned approximately 0.22% of Insight Enterprises worth $10,729,000 as of its most recent SEC filing.

A number of other hedge funds have also made changes to their positions in NSIT. Golden State Wealth Management LLC acquired a new stake in shares of Insight Enterprises in the 4th quarter valued at about $32,000. R Squared Ltd purchased a new position in Insight Enterprises during the fourth quarter worth $33,000. J.Safra Asset Management Corp boosted its holdings in shares of Insight Enterprises by 40.8% during the fourth quarter. J.Safra Asset Management Corp now owns 245 shares of the software maker's stock worth $37,000 after purchasing an additional 71 shares during the last quarter. NewEdge Advisors LLC boosted its holdings in shares of Insight Enterprises by 32.8% during the fourth quarter. NewEdge Advisors LLC now owns 255 shares of the software maker's stock worth $39,000 after purchasing an additional 63 shares during the last quarter. Finally, Smartleaf Asset Management LLC boosted its holdings in Insight Enterprises by 287.7% in the fourth quarter. Smartleaf Asset Management LLC now owns 504 shares of the software maker's stock valued at $76,000 after acquiring an additional 374 shares during the last quarter.

Analyst Upgrades and Downgrades

A number of research analysts have commented on NSIT shares. JPMorgan Chase & Co. reduced 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. Barrington Research reaffirmed an "outperform" rating and set a $164.00 target price on shares of Insight Enterprises in a report on Tuesday, May 20th. Three analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. According to data from MarketBeat, the stock has an average rating of "Hold" and an average price target of $185.00.

Insight Enterprises Price Performance

Shares of NASDAQ:NSIT traded down $1.14 on Wednesday, reaching $130.17. 160,185 shares of the company traded hands, compared to its average volume of 325,248. Insight Enterprises, Inc. has a fifty-two week low of $126.10 and a fifty-two week high of $228.07. The company's 50 day moving average is $135.03 and its 200-day moving average is $151.01. The stock has a market capitalization of $4.16 billion, a PE ratio of 19.96, a P/E/G ratio of 1.40 and a beta of 1.22. The company has a debt-to-equity ratio of 0.30, a current ratio of 1.18 and a quick ratio of 1.15.

Insight Enterprises (NASDAQ:NSIT - Get Free Report) last announced its earnings results on Thursday, May 1st. The software maker reported $2.06 earnings per share (EPS) for the quarter, beating the consensus estimate 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 in the previous year, the business earned $2.37 EPS. The company's revenue was down 11.6% on a year-over-year basis. As a group, analysts anticipate that Insight Enterprises, Inc. will post 9.89 earnings per share 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.