Capital Fund Management S.A. Invests $2.53 Million in Insight Enterprises, Inc. (NASDAQ:NSIT)

Capital Fund Management S.A. acquired a new position in shares of Insight Enterprises, Inc. (NASDAQ:NSIT - Free Report) during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 16,643 shares of the software maker's stock, valued at approximately $2,531,000. Capital Fund Management S.A. owned 0.05% of Insight Enterprises at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Massachusetts Financial Services Co. MA acquired a new position in Insight Enterprises in the 4th quarter worth approximately $57,380,000. Norges Bank purchased a new position in shares of Insight Enterprises during the fourth quarter valued at $47,585,000. Hennessy Advisors Inc. purchased a new stake in Insight Enterprises in the 4th quarter worth about $39,242,000. Pacer Advisors Inc. boosted its position in Insight Enterprises by 26.6% during the 4th quarter. Pacer Advisors Inc. now owns 1,073,262 shares of the software maker's stock worth $163,243,000 after acquiring an additional 225,283 shares during the period. Finally, Wellington Management Group LLP grew its stake in Insight Enterprises by 65.7% during the 4th quarter. Wellington Management Group LLP now owns 270,797 shares of the software maker's stock valued at $41,188,000 after acquiring an additional 107,397 shares in the last quarter.

Insight Enterprises Stock Up 0.0 %

NSIT stock traded up $0.03 during trading hours on Friday, hitting $133.35. The company's stock had a trading volume of 174,901 shares, compared to its average volume of 309,834. The stock has a 50 day moving average price of $150.11 and a two-hundred day moving average price of $164.85. Insight Enterprises, Inc. has a 12 month low of $126.10 and a 12 month high of $228.07. The company has a market capitalization of $4.24 billion, a PE ratio of 20.45, a price-to-earnings-growth ratio of 1.40 and a beta of 1.31. The company has a quick ratio of 1.15, a current ratio of 1.18 and a debt-to-equity ratio of 0.30.

Insight Enterprises (NASDAQ:NSIT - Get Free Report) last posted its earnings results on Thursday, February 6th. The software maker reported $2.66 EPS for the quarter, topping 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 quarter in the prior year, the business earned $2.98 EPS. On average, equities research analysts expect that Insight Enterprises, Inc. will post 9.89 earnings per share for the current year.

Wall Street Analysts Forecast Growth

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