Charles Schwab Investment Management Inc. Buys 85,428 Shares of Insight Enterprises, Inc. (NASDAQ:NSIT)

Charles Schwab Investment Management Inc. raised its position in shares of Insight Enterprises, Inc. (NASDAQ:NSIT - Free Report) by 30.1% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 368,951 shares of the software maker's stock after buying an additional 85,428 shares during the quarter. Charles Schwab Investment Management Inc. owned 1.16% of Insight Enterprises worth $79,468,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently made changes to their positions in the company. Harbor Capital Advisors Inc. raised its holdings in shares of Insight Enterprises by 288.2% during the second quarter. Harbor Capital Advisors Inc. now owns 14,289 shares of the software maker's stock valued at $2,834,000 after acquiring an additional 10,608 shares during the period. EULAV Asset Management raised its stake in Insight Enterprises by 7.2% during the 3rd quarter. EULAV Asset Management now owns 49,879 shares of the software maker's stock valued at $10,743,000 after purchasing an additional 3,359 shares during the period. Point72 DIFC Ltd purchased a new stake in shares of Insight Enterprises in the second quarter valued at $682,000. Silver Lake Advisory LLC acquired a new stake in shares of Insight Enterprises in the second quarter worth $6,343,000. Finally, BOKF NA purchased a new position in shares of Insight Enterprises during the second quarter valued at $622,000.

Insight Enterprises Stock Up 0.3 %

NSIT stock traded up $0.51 during mid-day trading on Thursday, hitting $156.28. The stock had a trading volume of 251,930 shares, compared to its average volume of 247,262. The stock has a market capitalization of $4.96 billion, a price-to-earnings ratio of 19.66, a PEG ratio of 1.35 and a beta of 1.48. 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 1-year low of $146.56 and a 1-year high of $228.07. The company has a fifty day moving average of $193.31 and a 200 day moving average of $200.16.

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

Wall Street Analysts Forecast Growth

Several brokerages recently issued reports on NSIT. Barrington Research reduced their price objective on Insight Enterprises from $225.00 to $205.00 and set an "outperform" rating for the company in a research note on Monday, November 4th. Redburn Atlantic assumed coverage on shares of Insight Enterprises in a research report on Friday, November 15th. They issued a "buy" rating and a $220.00 price target for the company. Finally, JPMorgan Chase & Co. lowered their price objective on shares of Insight Enterprises from $233.00 to $225.00 and set a "neutral" rating on the stock in a research report on Friday, August 2nd. Three equities research analysts have rated the stock with a hold rating and two have given a buy rating to the stock. Based on data from MarketBeat, the company has an average rating of "Hold" and a consensus price target of $212.50.

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.