Schonfeld Strategic Advisors LLC Makes New Investment in Insight Enterprises, Inc. (NASDAQ:NSIT)

Schonfeld Strategic Advisors LLC bought a new position in Insight Enterprises, Inc. (NASDAQ:NSIT - Free Report) during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund bought 4,814 shares of the software maker's stock, valued at approximately $732,000.

Several other large investors also recently added to or reduced their stakes in the company. Baron Wealth Management LLC raised its position in shares of Insight Enterprises by 3.8% in the fourth quarter. Baron Wealth Management LLC now owns 1,570 shares of the software maker's stock valued at $239,000 after purchasing an additional 58 shares during the period. NewEdge Advisors LLC lifted its holdings in Insight Enterprises by 32.8% in the fourth quarter. NewEdge Advisors LLC now owns 255 shares of the software maker's stock valued at $39,000 after buying an additional 63 shares during the period. J.Safra Asset Management Corp increased its stake in Insight Enterprises by 40.8% in 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. Cornerstone Investment Partners LLC boosted its stake in Insight Enterprises by 5.8% in the 4th quarter. Cornerstone Investment Partners LLC now owns 1,371 shares of the software maker's stock worth $209,000 after purchasing an additional 75 shares during the period. Finally, Romano Brothers AND Company lifted its position in shares of Insight Enterprises by 2.7% in the fourth quarter. Romano Brothers AND Company now owns 3,850 shares of the software maker's stock worth $586,000 after purchasing an additional 100 shares in the last quarter.

Analyst Ratings Changes

Several analysts recently weighed in on NSIT shares. JPMorgan Chase & Co. dropped their price target on 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 cut their target price on Insight Enterprises from $205.00 to $164.00 and set an "outperform" rating on the stock in a report on Friday, April 4th. Three research analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of "Hold" and a consensus target price of $185.00.

Insight Enterprises Stock Up 2.9%

Shares of NASDAQ NSIT traded up $3.86 during trading on Monday, reaching $136.75. The company had a trading volume of 730,655 shares, compared to its average volume of 316,612. The business's 50-day moving average is $142.24 and its 200 day moving average is $155.54. The company has a quick ratio of 1.15, a current ratio of 1.18 and a debt-to-equity ratio of 0.30. Insight Enterprises, Inc. has a 12-month low of $126.10 and a 12-month high of $228.07. The stock has a market cap of $4.37 billion, a PE ratio of 20.97, a P/E/G ratio of 1.40 and a beta of 1.22.

Insight Enterprises (NASDAQ:NSIT - Get Free Report) last issued its quarterly earnings results on Thursday, May 1st. The software maker reported $2.06 earnings per share 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 for the quarter, compared to analysts' expectations of $2.19 billion. During the same quarter last year, the company posted $2.37 EPS. The company's revenue was down 11.6% compared to the same quarter last year. As a group, equities analysts forecast 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.