XTX Topco Ltd Purchases New Holdings in Insight Enterprises, Inc. (NASDAQ:NSIT)

XTX Topco Ltd bought a new position in shares of Insight Enterprises, Inc. (NASDAQ:NSIT - Free Report) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm bought 2,511 shares of the software maker's stock, valued at approximately $382,000.

Other hedge funds have also bought and sold shares of the company. Mariner LLC increased its stake in Insight Enterprises by 12.9% in the fourth quarter. Mariner LLC now owns 3,970 shares of the software maker's stock valued at $604,000 after purchasing an additional 454 shares in the last quarter. Barclays PLC increased its stake in Insight Enterprises by 8.5% in the fourth quarter. Barclays PLC now owns 61,183 shares of the software maker's stock valued at $9,307,000 after purchasing an additional 4,781 shares in the last quarter. Paralel Advisors LLC increased its stake in Insight Enterprises by 10.0% in the fourth quarter. Paralel Advisors LLC now owns 13,536 shares of the software maker's stock valued at $2,059,000 after purchasing an additional 1,232 shares in the last quarter. Capital Fund Management S.A. bought a new stake in Insight Enterprises in the fourth quarter valued at $2,531,000. Finally, Raymond James Financial Inc. bought a new stake in Insight Enterprises in the fourth quarter valued at $532,000.

Insight Enterprises Stock Up 0.2 %

Shares of NSIT stock traded up $0.28 during trading hours on Monday, reaching $138.89. The company had a trading volume of 229,726 shares, compared to its average volume of 311,518. Insight Enterprises, Inc. has a 12 month low of $126.10 and a 12 month high of $228.07. 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 business has a fifty day simple moving average of $146.36 and a 200-day simple moving average of $161.32. The company has a market cap of $4.43 billion, a price-to-earnings ratio of 21.30, a price-to-earnings-growth ratio of 1.40 and a beta of 1.31.

Insight Enterprises (NASDAQ:NSIT - Get Free Report) last posted its earnings results on Thursday, February 6th. The software maker reported $2.66 earnings per share for the quarter, beating 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 period last year, the firm earned $2.98 EPS. On average, research analysts expect that Insight Enterprises, Inc. will post 9.89 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several research firms have weighed in on NSIT. JPMorgan Chase & Co. decreased 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 note on Thursday, April 17th. Barrington Research decreased their price objective on Insight Enterprises from $205.00 to $164.00 and set an "outperform" rating for the company in a report on Friday, April 4th. Three investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. According to MarketBeat, the stock has an average rating of "Hold" and a consensus price target of $185.00.

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.