Tudor Investment Corp ET AL Boosts Holdings in Insight Enterprises, Inc. (NASDAQ:NSIT)

Tudor Investment Corp ET AL lifted its position in shares of Insight Enterprises, Inc. (NASDAQ:NSIT - Free Report) by 65.2% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 61,136 shares of the software maker's stock after purchasing an additional 24,136 shares during the quarter. Tudor Investment Corp ET AL owned about 0.19% of Insight Enterprises worth $9,299,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Baron Wealth Management LLC increased its position in Insight Enterprises by 3.8% during the 4th quarter. Baron Wealth Management LLC now owns 1,570 shares of the software maker's stock valued at $239,000 after buying an additional 58 shares in the last quarter. NewEdge Advisors LLC grew its stake in shares of Insight Enterprises by 32.8% in the fourth quarter. NewEdge Advisors LLC now owns 255 shares of the software maker's stock worth $39,000 after acquiring an additional 63 shares during the last quarter. J.Safra Asset Management Corp increased its holdings in shares of Insight Enterprises by 40.8% during the fourth quarter. J.Safra Asset Management Corp now owns 245 shares of the software maker's stock valued at $37,000 after acquiring an additional 71 shares in the last quarter. Cornerstone Investment Partners LLC raised its position in shares of 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 last quarter. Finally, Romano Brothers AND Company boosted its stake in Insight Enterprises by 2.7% in the 4th 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.

Wall Street Analyst Weigh In

A number of research firms have weighed in on NSIT. Barrington Research reduced 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. JPMorgan Chase & Co. reduced their price target on shares of Insight Enterprises from $193.00 to $156.00 and set a "neutral" rating for the company in a research report on Thursday, April 17th. Three investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company's stock. According to data from MarketBeat, Insight Enterprises has an average rating of "Hold" and an average price target of $185.00.

Insight Enterprises Stock Performance

NASDAQ:NSIT traded down $0.29 during mid-day trading on Friday, reaching $133.53. The company's stock had a trading volume of 412,740 shares, compared to its average volume of 311,004. The firm's fifty day moving average price is $144.56 and its two-hundred day moving average price is $159.82. The company has a current ratio of 1.18, a quick ratio of 1.15 and a debt-to-equity ratio of 0.30. The stock has a market cap of $4.26 billion, a P/E ratio of 20.48, a PEG ratio of 1.40 and a beta of 1.31. Insight Enterprises, Inc. has a 12-month low of $126.10 and a 12-month high of $228.07.

Insight Enterprises (NASDAQ:NSIT - Get Free Report) last issued its quarterly earnings data 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 company had revenue of $2.10 billion for the quarter, compared to the consensus estimate of $2.19 billion. During the same quarter in the prior 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. On average, equities analysts forecast that Insight Enterprises, Inc. will post 9.89 EPS for the current fiscal year.

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.