2,547 Shares in Insight Enterprises, Inc. (NASDAQ:NSIT) Acquired by Cibc World Markets Corp

Cibc World Markets Corp acquired a new stake in shares of Insight Enterprises, Inc. (NASDAQ:NSIT - Free Report) in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor acquired 2,547 shares of the software maker's stock, valued at approximately $387,000.

Several other hedge funds and other institutional investors also recently made changes to their positions in the company. Geode Capital Management LLC lifted its position in shares of Insight Enterprises by 1.7% in the 3rd quarter. Geode Capital Management LLC now owns 659,483 shares of the software maker's stock valued at $142,073,000 after acquiring an additional 10,711 shares in the last quarter. Alberta Investment Management Corp purchased a new stake in shares of Insight Enterprises in the fourth quarter valued at $2,494,000. Principal Financial Group Inc. boosted its position in shares of Insight Enterprises by 1.2% in the fourth quarter. Principal Financial Group Inc. now owns 143,544 shares of the software maker's stock worth $21,833,000 after buying an additional 1,653 shares during the period. Rhumbline Advisers boosted its position in shares of Insight Enterprises by 2.4% in the fourth 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 purchased a new position in shares of Insight Enterprises during the fourth quarter valued at $449,000.

Insight Enterprises Stock Down 1.3 %

Insight Enterprises stock traded down $1.95 during mid-day trading on Thursday, hitting $153.95. The company's stock had a trading volume of 300,013 shares, compared to its average volume of 284,492. Insight Enterprises, Inc. has a 52-week low of $146.56 and a 52-week high of $228.07. The company has a market cap of $4.89 billion, a PE ratio of 23.61, 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 current ratio of 1.18 and a quick ratio of 1.15. The firm's 50 day moving average is $162.47 and its 200 day moving average is $174.34.

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

Insight Enterprises 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.