Allspring Global Investments Holdings LLC Has $15.52 Million Stock Position in Insight Enterprises, Inc. (NASDAQ:NSIT)

Allspring Global Investments Holdings LLC grew its position in Insight Enterprises, Inc. (NASDAQ:NSIT - Free Report) by 207.5% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 103,926 shares of the software maker's stock after acquiring an additional 70,134 shares during the period. Allspring Global Investments Holdings LLC owned 0.33% of Insight Enterprises worth $15,522,000 at the end of the most recent reporting period.

A number of other institutional investors also recently modified their holdings of the company. Baron Wealth Management LLC raised its stake in shares of Insight Enterprises by 3.8% in the fourth 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 during the last quarter. Huntington National Bank raised its stake in shares of Insight Enterprises by 7.3% in the third quarter. Huntington National Bank now owns 995 shares of the software maker's stock valued at $214,000 after acquiring an additional 68 shares during the last quarter. Quantinno Capital Management LP raised its stake in shares of Insight Enterprises by 2.0% in the third quarter. Quantinno Capital Management LP now owns 3,456 shares of the software maker's stock valued at $744,000 after acquiring an additional 68 shares during the last quarter. Romano Brothers AND Company raised its stake in shares of 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 acquiring an additional 100 shares during the last quarter. Finally, Wealth Enhancement Advisory Services LLC raised its position in Insight Enterprises by 10.0% in the 3rd quarter. Wealth Enhancement Advisory Services LLC now owns 1,182 shares of the software maker's stock worth $255,000 after purchasing an additional 107 shares during the last quarter.

Insight Enterprises Trading Down 0.9 %

NSIT traded down $1.58 during trading on Thursday, reaching $166.00. 265,530 shares of the company's stock were exchanged, compared to its average volume of 382,619. The company's fifty day moving average price is $162.72 and its 200-day moving average price is $182.42. The company has a debt-to-equity ratio of 0.30, a quick ratio of 1.15 and a current ratio of 1.18. Insight Enterprises, Inc. has a fifty-two week low of $146.56 and a fifty-two week high of $228.07. The firm has a market capitalization of $5.28 billion, a PE ratio of 25.46, a P/E/G ratio of 1.42 and a beta of 1.42.

Insight Enterprises (NASDAQ:NSIT - Get Free Report) last released its earnings results on Thursday, February 6th. The software maker reported $2.66 EPS for the quarter, topping 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 firm posted $2.98 earnings per share. As a group, equities analysts forecast that Insight Enterprises, Inc. will post 9.89 EPS for the current year.

Analysts Set New Price Targets

Several research analysts recently weighed in on NSIT shares. Barrington Research dropped their price objective on shares of Insight Enterprises from $225.00 to $205.00 and set an "outperform" rating for the company in a research report on Monday, November 4th. Redburn Atlantic started 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. Three research analysts have rated the stock with a hold rating and two have issued a buy rating to the company's stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Hold" and an average target price of $212.50.

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.