Insight Enterprises, Inc. (NASDAQ:NSIT) Shares Acquired by Barclays PLC

Barclays PLC increased its holdings in Insight Enterprises, Inc. (NASDAQ:NSIT - Free Report) by 178.3% during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 56,402 shares of the software maker's stock after purchasing an additional 36,132 shares during the period. Barclays PLC owned 0.18% of Insight Enterprises worth $12,150,000 as of its most recent SEC filing.

Several other hedge funds have also recently modified their holdings of NSIT. Blue Trust Inc. lifted its holdings in shares of Insight Enterprises by 40.8% in the 2nd quarter. Blue Trust Inc. now owns 531 shares of the software maker's stock valued at $99,000 after acquiring an additional 154 shares during the last quarter. GAMMA Investing LLC boosted its stake in shares of Insight Enterprises by 72.6% during the third quarter. GAMMA Investing LLC now owns 780 shares of the software maker's stock valued at $168,000 after purchasing an additional 328 shares in the last quarter. Ausbil Investment Management Ltd purchased a new position in shares of Insight Enterprises in the 2nd quarter valued at $195,000. Huntington National Bank grew its stake in 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 purchasing an additional 68 shares during the last quarter. Finally, Atria Investments Inc bought a new position in Insight Enterprises in the third quarter worth about $215,000.

Analysts Set New Price Targets

Several brokerages have weighed in on NSIT. Redburn Atlantic initiated coverage on shares of Insight Enterprises in a research note on Friday, November 15th. They issued a "buy" rating and a $220.00 target price for the company. Barrington Research cut their price objective on shares of Insight Enterprises from $225.00 to $205.00 and set an "outperform" rating on the stock in a report on Monday, November 4th. Three investment analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. According to MarketBeat.com, Insight Enterprises currently has a consensus rating of "Hold" and a consensus target price of $212.50.

Insight Enterprises Stock Performance

NSIT traded up $2.54 on Monday, reaching $161.48. The stock had a trading volume of 473,702 shares, compared to its average volume of 252,759. The business's 50-day moving average price is $180.70 and its two-hundred day moving average price is $196.22. The company has a current ratio of 1.24, a quick ratio of 1.20 and a debt-to-equity ratio of 0.43. Insight Enterprises, Inc. has a 12-month low of $146.56 and a 12-month high of $228.07. The company has a market cap of $5.13 billion, a P/E ratio of 19.99, a price-to-earnings-growth ratio of 1.42 and a beta of 1.42.

Insight Enterprises (NASDAQ:NSIT - Get Free Report) last issued its quarterly earnings results on Thursday, October 31st. The software maker reported $2.19 EPS for the quarter, missing the consensus estimate of $2.37 by ($0.18). The company had revenue of $2.09 billion during the quarter, compared to analysts' expectations of $2.34 billion. Insight Enterprises had a return on equity of 19.71% and a net margin of 3.42%. Insight Enterprises's revenue was down 7.9% compared to the same quarter last year. During the same period in the previous year, the firm posted $2.37 EPS. Sell-side analysts forecast that Insight Enterprises, Inc. will post 9.55 earnings per share for the current year.

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.