EULAV Asset Management Buys 3,359 Shares of Insight Enterprises, Inc. (NASDAQ:NSIT)

EULAV Asset Management lifted its position in Insight Enterprises, Inc. (NASDAQ:NSIT - Free Report) by 7.2% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 49,879 shares of the software maker's stock after buying an additional 3,359 shares during the quarter. EULAV Asset Management owned about 0.16% of Insight Enterprises worth $10,743,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also modified their holdings of NSIT. Jennison Associates LLC bought a new stake in Insight Enterprises during the third quarter valued at about $637,000. Thrivent Financial for Lutherans lifted its position in shares of Insight Enterprises by 0.4% during the 3rd quarter. Thrivent Financial for Lutherans now owns 192,551 shares of the software maker's stock worth $41,474,000 after purchasing an additional 709 shares during the last quarter. Huntington National Bank boosted its stake in Insight Enterprises by 7.3% during the 3rd quarter. Huntington National Bank now owns 995 shares of the software maker's stock valued at $214,000 after purchasing an additional 68 shares during the period. Oppenheimer Asset Management Inc. acquired a new stake in Insight Enterprises in the 3rd quarter valued at approximately $227,000. Finally, Aigen Investment Management LP bought a new position in Insight Enterprises in the 3rd quarter worth approximately $671,000.

Insight Enterprises Trading Up 0.4 %

NSIT stock traded up $0.55 during midday trading on Wednesday, reaching $150.16. The stock had a trading volume of 964,172 shares, compared to its average volume of 244,436. The firm has a market cap of $4.77 billion, a price-to-earnings ratio of 18.89, a PEG ratio of 1.32 and a beta of 1.48. Insight Enterprises, Inc. has a twelve month low of $146.56 and a twelve month high of $228.07. The company has a quick ratio of 1.20, a current ratio of 1.24 and a debt-to-equity ratio of 0.43. The business has a fifty day simple moving average of $198.87 and a two-hundred day simple moving average of $201.85.

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

Wall Street Analysts Forecast Growth

NSIT has been the topic of a number of research reports. JPMorgan Chase & Co. dropped their target price 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. Redburn Atlantic assumed coverage on shares of Insight Enterprises in a report on Friday, November 15th. They issued a "buy" rating and a $220.00 target price on the stock. Finally, Barrington Research reduced their price target on shares of Insight Enterprises from $225.00 to $205.00 and set an "outperform" rating on the stock in a research report on Monday, November 4th. Three equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company's stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Hold" and a consensus target price of $212.50.

About Insight Enterprises

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.