UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Grows Stock Holdings in Insight Enterprises, Inc. (NASDAQ:NSIT)

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its holdings in Insight Enterprises, Inc. (NASDAQ:NSIT - Free Report) by 17.4% during the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor owned 70,537 shares of the software maker's stock after buying an additional 10,446 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned 0.22% of Insight Enterprises worth $10,729,000 as of its most recent SEC filing.

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

Wall Street Analyst Weigh In

A number of research analysts have recently issued reports 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 price objective on shares of Insight Enterprises in a research note on Tuesday, May 20th. Three investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company's stock. According to data from MarketBeat.com, Insight Enterprises currently has a consensus rating of "Hold" and a consensus target price of $185.00.

Insight Enterprises Trading Down 1.3%

Shares of NASDAQ NSIT traded down $1.73 during trading hours on Monday, hitting $128.66. The company's stock had a trading volume of 238,048 shares, compared to its average volume of 325,134. The company has a debt-to-equity ratio of 0.30, a quick ratio of 1.15 and a current ratio of 1.18. The stock has a market cap of $4.11 billion, a price-to-earnings ratio of 19.73, a P/E/G ratio of 1.40 and a beta of 1.22. Insight Enterprises, Inc. has a 12 month low of $126.10 and a 12 month high of $228.07. The business has a 50-day simple moving average of $136.47 and a 200-day simple moving average of $151.46.

Insight Enterprises (NASDAQ:NSIT - Get Free Report) last issued its quarterly earnings data on Thursday, May 1st. The software maker reported $2.06 EPS for the quarter, topping 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 business had revenue of $2.10 billion during the quarter, compared to analyst estimates of $2.19 billion. During the same period last year, the business posted $2.37 earnings per share. Insight Enterprises's quarterly revenue was down 11.6% compared to the same quarter last year. On average, analysts anticipate that Insight Enterprises, Inc. will post 9.89 earnings per share for the current fiscal 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.