Alberta Investment Management Corp Invests $2.49 Million in Insight Enterprises, Inc. (NASDAQ:NSIT)

Alberta Investment Management Corp acquired a new position in shares of Insight Enterprises, Inc. (NASDAQ:NSIT - Free Report) in the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor acquired 16,400 shares of the software maker's stock, valued at approximately $2,494,000. Alberta Investment Management Corp owned about 0.05% of Insight Enterprises as of its most recent SEC filing.

Several other large investors have also made changes to their positions in NSIT. Baron Wealth Management LLC increased its stake in Insight Enterprises by 3.8% during the fourth quarter. Baron Wealth Management LLC now owns 1,570 shares of the software maker's stock worth $239,000 after acquiring an additional 58 shares during the last quarter. Huntington National Bank grew its holdings in shares of Insight Enterprises by 7.3% during the 3rd quarter. Huntington National Bank now owns 995 shares of the software maker's stock worth $214,000 after purchasing an additional 68 shares during the period. Quantinno Capital Management LP increased its position in Insight Enterprises by 2.0% during the 3rd quarter. Quantinno Capital Management LP now owns 3,456 shares of the software maker's stock worth $744,000 after purchasing an additional 68 shares in the last quarter. Romano Brothers AND Company raised its holdings in Insight Enterprises by 2.7% in the fourth quarter. Romano Brothers AND Company now owns 3,850 shares of the software maker's stock valued at $586,000 after buying an additional 100 shares during the period. Finally, Wealth Enhancement Advisory Services LLC lifted its position in Insight Enterprises by 10.0% during the third quarter. Wealth Enhancement Advisory Services LLC now owns 1,182 shares of the software maker's stock valued at $255,000 after buying an additional 107 shares in the last quarter.

Analyst Upgrades and Downgrades

Several equities research analysts have recently issued reports on NSIT shares. Redburn Atlantic began coverage on shares of Insight Enterprises in a research report on Friday, November 15th. They issued a "buy" rating and a $220.00 price objective for the company. Barrington Research lowered their price target on Insight Enterprises from $225.00 to $205.00 and set an "outperform" rating for the company in a report on Monday, November 4th. Three investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of "Hold" and an average target price of $212.50.

Insight Enterprises Stock Down 3.1 %

NASDAQ:NSIT traded down $5.13 during trading hours on Friday, hitting $160.87. The stock had a trading volume of 320,969 shares, compared to its average volume of 380,805. The company has a market cap of $5.11 billion, a PE ratio of 24.67, a price-to-earnings-growth ratio of 1.41 and a beta of 1.42. The business has a 50 day simple moving average of $162.82 and a two-hundred day simple moving average of $182.17. Insight Enterprises, Inc. has a 1-year low of $146.56 and a 1-year high of $228.07. The company has a current ratio of 1.18, a quick ratio of 1.15 and a debt-to-equity ratio of 0.30.

Insight Enterprises (NASDAQ:NSIT - Get Free Report) last released its quarterly 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 net margin of 2.87% and a return on equity of 18.95%. During the same quarter last year, the business posted $2.98 earnings per share. Analysts predict that Insight Enterprises, Inc. will post 9.89 EPS for the current 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.