Entropy Technologies LP Has $1.09 Million Position in Insight Enterprises, Inc. (NASDAQ:NSIT)

Entropy Technologies LP increased its stake in Insight Enterprises, Inc. (NASDAQ:NSIT - Free Report) by 511.1% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 7,174 shares of the software maker's stock after purchasing an additional 6,000 shares during the quarter. Entropy Technologies LP's holdings in Insight Enterprises were worth $1,091,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also recently bought and sold shares of NSIT. Golden State Wealth Management LLC purchased a new position in Insight Enterprises in the 4th quarter worth about $32,000. R Squared Ltd purchased a new position in Insight Enterprises in the 4th quarter worth about $33,000. Blue Trust Inc. increased its stake in Insight Enterprises by 25.8% in the 4th quarter. Blue Trust Inc. now owns 677 shares of the software maker's stock worth $103,000 after purchasing an additional 139 shares in the last quarter. KBC Group NV grew its stake in Insight Enterprises by 71.6% during the 4th quarter. KBC Group NV now owns 1,177 shares of the software maker's stock valued at $179,000 after acquiring an additional 491 shares in the last quarter. Finally, Coldstream Capital Management Inc. purchased a new position in Insight Enterprises during the 3rd quarter valued at about $203,000.

Wall Street Analysts Forecast Growth

Several equities analysts have weighed in on NSIT shares. Barrington Research lowered their target price on Insight Enterprises from $225.00 to $205.00 and set an "outperform" rating on the stock in a research note on Monday, November 4th. Redburn Atlantic started coverage on Insight Enterprises in a research note on Friday, November 15th. They set a "buy" rating and a $220.00 target price on the stock. Three investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. According to MarketBeat, the stock presently has an average rating of "Hold" and a consensus price target of $212.50.

Insight Enterprises Stock Down 1.2 %

Shares of Insight Enterprises stock traded down $1.99 during trading on Friday, hitting $165.58. 410,638 shares of the stock traded hands, compared to its average volume of 390,818. The stock has a market cap of $5.26 billion, a P/E ratio of 25.40, a PEG ratio of 1.43 and a beta of 1.42. The company has a debt-to-equity ratio of 0.30, a quick ratio of 1.20 and a current ratio of 1.18. Insight Enterprises, Inc. has a twelve month low of $146.56 and a twelve month high of $228.07. The company has a fifty day moving average price of $162.44 and a two-hundred day moving average price of $183.42.

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 return on equity of 18.95% and a net margin of 2.87%. During the same quarter last year, the business posted $2.98 earnings per share. Equities research analysts predict that Insight Enterprises, Inc. will post 9.9 EPS for the current fiscal 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.