Barclays PLC Has $9.31 Million Stake in Insight Enterprises, Inc. (NASDAQ:NSIT)

Barclays PLC increased its position in shares of Insight Enterprises, Inc. (NASDAQ:NSIT - Free Report) by 8.5% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 61,183 shares of the software maker's stock after buying an additional 4,781 shares during the period. Barclays PLC owned 0.19% of Insight Enterprises worth $9,307,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of the company. Alberta Investment Management Corp bought a new stake in Insight Enterprises during the fourth quarter valued at about $2,494,000. Raymond James Financial Inc. bought a new stake in Insight Enterprises during the 4th quarter valued at approximately $532,000. Principal Financial Group Inc. grew its holdings in Insight Enterprises by 1.2% in the 4th quarter. Principal Financial Group Inc. now owns 143,544 shares of the software maker's stock valued at $21,833,000 after buying an additional 1,653 shares during the last quarter. Rhumbline Advisers increased its position in Insight Enterprises by 2.4% in the 4th quarter. Rhumbline Advisers now owns 82,198 shares of the software maker's stock worth $12,502,000 after buying an additional 1,925 shares during the period. Finally, New York Life Investment Management LLC bought a new position in Insight Enterprises in the 4th quarter worth approximately $449,000.

Insight Enterprises Stock Performance

Shares of NASDAQ:NSIT traded up $1.03 during trading on Friday, hitting $138.61. 155,097 shares of the stock were exchanged, compared to its average volume of 311,213. The company's fifty day simple moving average is $146.93 and its 200-day simple moving average is $162.67. The company has a debt-to-equity ratio of 0.30, a quick ratio of 1.15 and a current ratio of 1.18. The company has a market capitalization of $4.40 billion, a price-to-earnings ratio of 21.26, a price-to-earnings-growth ratio of 1.40 and a beta of 1.31. Insight Enterprises, Inc. has a 1-year low of $126.10 and a 1-year high of $228.07.

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

Analysts Set New Price Targets

Several brokerages have recently issued reports on NSIT. JPMorgan Chase & Co. lowered their price objective on shares of Insight Enterprises from $193.00 to $156.00 and set a "neutral" rating on the stock in a research note on Thursday, April 17th. Barrington Research decreased their price target on shares of Insight Enterprises from $205.00 to $164.00 and set an "outperform" rating on the stock in a research report on Friday, April 4th. Three analysts have rated the stock with a hold rating and two have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, the company has a consensus rating of "Hold" and an average 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.