Needham Investment Management LLC Has $1.90 Million Stake in Insight Enterprises, Inc. (NASDAQ:NSIT)

Needham Investment Management LLC raised its position in Insight Enterprises, Inc. (NASDAQ:NSIT - Free Report) by 150.0% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 12,500 shares of the software maker's stock after purchasing an additional 7,500 shares during the quarter. Needham Investment Management LLC's holdings in Insight Enterprises were worth $1,901,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors also recently made changes to their positions in the company. Golden State Wealth Management LLC bought a new stake in Insight Enterprises during the fourth quarter worth approximately $32,000. R Squared Ltd bought a new stake in Insight Enterprises during the fourth quarter worth approximately $33,000. J.Safra Asset Management Corp boosted its holdings 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 worth $37,000 after buying an additional 71 shares in the last quarter. NewEdge Advisors LLC boosted its holdings in 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 buying an additional 63 shares in the last quarter. Finally, Smartleaf Asset Management LLC boosted its holdings in Insight Enterprises by 287.7% during the fourth quarter. Smartleaf Asset Management LLC now owns 504 shares of the software maker's stock worth $76,000 after buying an additional 374 shares in the last quarter.

Insight Enterprises Trading Up 1.8%

NSIT traded up $2.48 during mid-day trading on Friday, hitting $137.08. The stock had a trading volume of 552,341 shares, compared to its average volume of 321,393. The stock's fifty day simple moving average is $140.69 and its 200-day simple moving average is $154.29. 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 firm has a market capitalization of $4.38 billion, a price-to-earnings ratio of 21.02, a price-to-earnings-growth ratio of 1.40 and a beta of 1.22. Insight Enterprises, Inc. has a 1-year low of $126.10 and a 1-year high of $228.07.

Insight Enterprises (NASDAQ:NSIT - Get Free Report) last released its earnings results 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. 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 the consensus estimate of $2.19 billion. During the same quarter last year, the firm earned $2.37 earnings per share. The firm's revenue for the quarter was down 11.6% compared to the same quarter last year. As a group, research analysts forecast that Insight Enterprises, Inc. will post 9.89 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of analysts recently weighed in on the stock. JPMorgan Chase & Co. reduced their target price on shares of Insight Enterprises from $193.00 to $156.00 and set a "neutral" rating for the company in a report on Thursday, April 17th. Barrington Research decreased their price objective on shares of Insight Enterprises from $205.00 to $164.00 and set an "outperform" rating for the company in a research note on Friday, April 4th. Three research analysts have rated the stock with a hold rating and two have given a buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of "Hold" and a consensus target price of $185.00.

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.