Wells Fargo & Company MN Acquires 10,827 Shares of Insight Enterprises, Inc. (NASDAQ:NSIT)

Wells Fargo & Company MN increased its position in shares of Insight Enterprises, Inc. (NASDAQ:NSIT - Free Report) by 26.1% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 52,362 shares of the software maker's stock after purchasing an additional 10,827 shares during the period. Wells Fargo & Company MN owned approximately 0.16% of Insight Enterprises worth $7,964,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors also recently modified their holdings of the company. Baron Wealth Management LLC raised its holdings in Insight Enterprises by 3.8% in the 4th quarter. Baron Wealth Management LLC now owns 1,570 shares of the software maker's stock valued at $239,000 after acquiring an additional 58 shares in the last quarter. J.Safra Asset Management Corp increased its position in shares of Insight Enterprises by 40.8% in the fourth quarter. J.Safra Asset Management Corp now owns 245 shares of the software maker's stock worth $37,000 after purchasing an additional 71 shares during the period. Cornerstone Investment Partners LLC raised its stake in Insight Enterprises by 5.8% in the fourth quarter. Cornerstone Investment Partners LLC now owns 1,371 shares of the software maker's stock valued at $209,000 after purchasing an additional 75 shares in the last quarter. Romano Brothers AND Company lifted its position in Insight Enterprises by 2.7% during 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 during the period. Finally, Blue Trust Inc. grew its stake in Insight Enterprises by 25.8% during the fourth quarter. Blue Trust Inc. now owns 677 shares of the software maker's stock worth $103,000 after buying an additional 139 shares in the last quarter.

Insight Enterprises Price Performance

NSIT stock traded up $3.75 during trading on Wednesday, reaching $136.35. 58,934 shares of the company were exchanged, compared to its average volume of 308,842. The company has a market capitalization of $4.33 billion, a price-to-earnings ratio of 20.91, a P/E/G ratio of 1.40 and a beta of 1.31. 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 50-day moving average of $148.73 and a two-hundred day moving average of $164.02. Insight Enterprises, Inc. has a twelve month low of $126.10 and a twelve month high of $228.07.

Insight Enterprises (NASDAQ:NSIT - Get Free Report) last issued its quarterly earnings data on Thursday, February 6th. The software maker reported $2.66 earnings per share for the quarter, topping analysts' consensus estimates of $2.53 by $0.13. Insight Enterprises had a return on equity of 18.95% and a net margin of 2.87%. During the same quarter last year, the company posted $2.98 EPS. As a group, equities analysts predict that Insight Enterprises, Inc. will post 9.89 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

NSIT has been the subject of several analyst reports. JPMorgan Chase & Co. dropped their target price 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. Barrington Research cut their target price on 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 equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the company's stock. Based on data from MarketBeat.com, Insight Enterprises presently has an average rating of "Hold" and an average price target 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.