Point72 Asia Singapore Pte. Ltd. Purchases Shares of 2,856 Insight Enterprises, Inc. (NASDAQ:NSIT)

Point72 Asia Singapore Pte. Ltd. purchased a new stake in Insight Enterprises, Inc. (NASDAQ:NSIT - Free Report) during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund purchased 2,856 shares of the software maker's stock, valued at approximately $434,000.

Several other large investors have also recently made changes to their positions in NSIT. Massachusetts Financial Services Co. MA acquired a new stake in Insight Enterprises in the 4th quarter valued at approximately $57,380,000. Norges Bank acquired a new stake in shares of Insight Enterprises in the fourth quarter valued at $47,585,000. Hennessy Advisors Inc. acquired a new stake in shares of Insight Enterprises in the fourth quarter valued at $39,242,000. Pacer Advisors Inc. lifted its stake in Insight Enterprises by 26.6% during the 4th quarter. Pacer Advisors Inc. now owns 1,073,262 shares of the software maker's stock worth $163,243,000 after acquiring an additional 225,283 shares in the last quarter. Finally, Wellington Management Group LLP grew its position in Insight Enterprises by 65.7% in the 4th quarter. Wellington Management Group LLP now owns 270,797 shares of the software maker's stock valued at $41,188,000 after acquiring an additional 107,397 shares in the last quarter.

Insight Enterprises Price Performance

Shares of NASDAQ NSIT opened at $134.60 on Friday. 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 company has a market cap of $4.30 billion, a price-to-earnings ratio of 20.64, a price-to-earnings-growth ratio of 1.40 and a beta of 1.22. The stock's 50-day moving average is $141.04 and its two-hundred day moving average is $154.79. 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, topping 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 firm had revenue of $2.10 billion for the quarter, compared to analyst estimates of $2.19 billion. During the same period in the prior year, the firm earned $2.37 earnings per share. The business's quarterly revenue was down 11.6% compared to the same quarter last year. Analysts forecast that Insight Enterprises, Inc. will post 9.89 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of analysts have issued reports on NSIT shares. Barrington Research cut their price target on shares of Insight Enterprises from $205.00 to $164.00 and set an "outperform" rating on the stock in a research note on Friday, April 4th. JPMorgan Chase & Co. cut their target price on shares of 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 research analysts have rated the stock with a hold rating and two have given a buy rating to the company's stock. Based on data from MarketBeat, the company currently has a consensus rating of "Hold" and a consensus 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.

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