Insight Enterprises (NASDAQ:NSIT) Shares Gap Up to $173.22

Shares of Insight Enterprises, Inc. (NASDAQ:NSIT - Get Free Report) gapped up prior to trading on Thursday . The stock had previously closed at $173.22, but opened at $184.84. Insight Enterprises shares last traded at $178.79, with a volume of 34,988 shares traded.

Analyst Ratings Changes

NSIT has been the subject of several recent research reports. Barrington Research restated an "outperform" rating and issued a $211.00 price objective on shares of Insight Enterprises in a report on Tuesday, April 23rd. StockNews.com downgraded Insight Enterprises from a "buy" rating to a "hold" rating in a report on Friday, January 26th. Stifel Nicolaus lifted their price objective on Insight Enterprises from $170.00 to $192.00 and gave the company a "hold" rating in a report on Monday, April 15th. Finally, JPMorgan Chase & Co. lifted their price objective on Insight Enterprises from $188.00 to $193.00 and gave the company a "neutral" rating in a report on Thursday, April 11th.

Insight Enterprises Price Performance

The firm has a market capitalization of $5.81 billion, a P/E ratio of 22.94, a P/E/G ratio of 1.33 and a beta of 1.50. The company has a debt-to-equity ratio of 0.34, a current ratio of 1.28 and a quick ratio of 1.23. The stock's fifty day simple moving average is $184.50 and its 200 day simple moving average is $174.01.

Insight Enterprises (NASDAQ:NSIT - Get Free Report) last announced its earnings results on Thursday, February 15th. The software maker reported $2.98 EPS for the quarter, missing analysts' consensus estimates of $3.04 by ($0.06). The firm had revenue of $2.24 billion during the quarter, compared to the consensus estimate of $2.41 billion. Insight Enterprises had a return on equity of 20.64% and a net margin of 3.07%. The business's revenue for the quarter was down 10.7% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $2.53 earnings per share. On average, equities research analysts predict that Insight Enterprises, Inc. will post 10.59 EPS for the current year.

Insider Transactions at Insight Enterprises

In other news, Director Kathleen S. Pushor sold 1,790 shares of the business's stock in a transaction dated Friday, February 23rd. The stock was sold at an average price of $185.12, for a total transaction of $331,364.80. Following the sale, the director now owns 5,800 shares in the company, valued at $1,073,696. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. In other news, Director Kathleen S. Pushor sold 1,790 shares of the business's stock in a transaction dated Friday, February 23rd. The stock was sold at an average price of $185.12, for a total transaction of $331,364.80. Following the sale, the director now owns 5,800 shares in the company, valued at $1,073,696. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Richard E. Allen sold 10,000 shares of the company's stock in a transaction that occurred on Tuesday, February 27th. The shares were sold at an average price of $185.34, for a total value of $1,853,400.00. Following the completion of the sale, the director now owns 30,647 shares in the company, valued at approximately $5,680,114.98. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 20,918 shares of company stock worth $3,888,203. Insiders own 1.23% of the company's stock.

Institutional Investors Weigh In On Insight Enterprises

A number of large investors have recently bought and sold shares of NSIT. Janney Montgomery Scott LLC purchased a new stake in Insight Enterprises in the 1st quarter worth approximately $431,000. BNP Paribas Financial Markets boosted its position in Insight Enterprises by 22.9% in the 1st quarter. BNP Paribas Financial Markets now owns 37,925 shares of the software maker's stock worth $7,036,000 after purchasing an additional 7,067 shares in the last quarter. Van ECK Associates Corp boosted its position in Insight Enterprises by 36.5% in the 1st quarter. Van ECK Associates Corp now owns 11,658 shares of the software maker's stock worth $2,163,000 after purchasing an additional 3,118 shares in the last quarter. Verdence Capital Advisors LLC purchased a new stake in Insight Enterprises in the 1st quarter worth approximately $210,000. Finally, Shaker Investments LLC OH purchased a new stake in Insight Enterprises in the 1st quarter worth approximately $547,000.

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.