Assetmark Inc. Acquires 3,940 Shares of Insight Enterprises, Inc. (NASDAQ:NSIT)

Assetmark Inc. lifted its holdings in shares of Insight Enterprises, Inc. (NASDAQ:NSIT - Free Report) by 27.7% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 18,144 shares of the software maker's stock after purchasing an additional 3,940 shares during the quarter. Assetmark Inc. owned approximately 0.06% of Insight Enterprises worth $2,760,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also modified their holdings of the company. Pacer Advisors Inc. lifted its holdings in Insight Enterprises by 26.6% in the 4th quarter. Pacer Advisors Inc. now owns 1,073,262 shares of the software maker's stock worth $163,243,000 after purchasing an additional 225,283 shares during the last quarter. Geode Capital Management LLC lifted its stake in shares of Insight Enterprises by 1.7% in the third quarter. Geode Capital Management LLC now owns 659,483 shares of the software maker's stock worth $142,073,000 after buying an additional 10,711 shares during the last quarter. Charles Schwab Investment Management Inc. lifted its stake in shares of Insight Enterprises by 30.1% in the third quarter. Charles Schwab Investment Management Inc. now owns 368,951 shares of the software maker's stock worth $79,468,000 after buying an additional 85,428 shares during the last quarter. Bank of New York Mellon Corp boosted its holdings in shares of Insight Enterprises by 9.2% during the 4th quarter. Bank of New York Mellon Corp now owns 260,838 shares of the software maker's stock worth $39,674,000 after buying an additional 21,876 shares during the period. Finally, Hennessy Advisors Inc. acquired a new position in Insight Enterprises in the 4th quarter valued at $39,242,000.

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Insight Enterprises Stock Performance

Shares of NSIT traded down $0.88 during mid-day trading on Thursday, hitting $151.01. The company's stock had a trading volume of 386,866 shares, compared to its average volume of 279,188. The stock's 50-day moving average is $162.81 and its two-hundred day moving average is $178.19. The firm has a market capitalization of $4.80 billion, a PE ratio of 23.16, a price-to-earnings-growth ratio of 1.40 and a beta of 1.40. 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 one year low of $146.56 and a one year high of $228.07.

Insight Enterprises (NASDAQ:NSIT - Get Free Report) last issued 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 period in the prior year, the firm posted $2.98 earnings per share. As a group, sell-side analysts anticipate that Insight Enterprises, Inc. will post 9.89 EPS for the current year.

Wall Street Analyst Weigh In

Separately, Redburn Atlantic initiated coverage on shares of Insight Enterprises in a report on Friday, November 15th. They set a "buy" rating and a $220.00 price target for the company. Three analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. According to data from MarketBeat, Insight Enterprises has an average rating of "Hold" and a consensus target price of $212.50.

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.