Tudor Investment Corp ET AL Increases Stock Position in Insight Enterprises, Inc. (NASDAQ:NSIT)

Tudor Investment Corp ET AL lifted its holdings in Insight Enterprises, Inc. (NASDAQ:NSIT - Free Report) by 65.2% in the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor owned 61,136 shares of the software maker's stock after purchasing an additional 24,136 shares during the period. Tudor Investment Corp ET AL owned approximately 0.19% of Insight Enterprises worth $9,299,000 at the end of the most recent reporting period.

Other large investors have also recently added to or reduced their stakes in the company. Aquatic Capital Management LLC boosted its holdings in shares of Insight Enterprises by 376.3% in the 4th quarter. Aquatic Capital Management LLC now owns 15,719 shares of the software maker's stock valued at $2,391,000 after buying an additional 12,419 shares in the last quarter. Price T Rowe Associates Inc. MD boosted its stake in Insight Enterprises by 8.2% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 21,811 shares of the software maker's stock valued at $3,318,000 after acquiring an additional 1,653 shares in the last quarter. Dark Forest Capital Management LP acquired a new position in Insight Enterprises in the fourth quarter valued at $357,000. Quantessence Capital LLC purchased a new position in shares of Insight Enterprises during the fourth quarter worth about $225,000. Finally, Hsbc Holdings PLC increased its position in shares of Insight Enterprises by 16.1% during the fourth quarter. Hsbc Holdings PLC now owns 17,688 shares of the software maker's stock worth $2,653,000 after purchasing an additional 2,459 shares in the last quarter.

Wall Street Analysts Forecast Growth

NSIT has been the topic of a number of research reports. Barrington Research dropped their price target on 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. lowered 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 report on Thursday, April 17th. Three research analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Hold" and an average target price of $185.00.

Insight Enterprises Stock Performance

NSIT stock traded down $0.31 during trading on Monday, hitting $133.22. The company had a trading volume of 63,459 shares, compared to its average volume of 309,559. The firm has a 50-day moving average price of $144.56 and a 200-day moving average price of $158.94. The company has a quick ratio of 1.15, a current ratio of 1.18 and a debt-to-equity ratio of 0.30. The firm has a market cap of $4.25 billion, a PE ratio of 20.46, a price-to-earnings-growth ratio of 1.40 and a beta of 1.31. 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 (EPS) for the quarter, beating analysts' consensus estimates of $2.03 by $0.03. Insight Enterprises had a return on equity of 18.95% and a net margin of 2.87%. The business had revenue of $2.10 billion for the quarter, compared to analyst estimates of $2.19 billion. During the same quarter in the previous year, the company posted $2.37 earnings per share. The company's revenue for the quarter was down 11.6% compared to the same quarter last year. On average, analysts expect that Insight Enterprises, Inc. will post 9.89 earnings per share for the current year.

Insight Enterprises Company 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.