Intech Investment Management LLC Purchases 11,365 Shares of Insight Enterprises, Inc. (NASDAQ:NSIT)

Intech Investment Management LLC lifted its position in shares of Insight Enterprises, Inc. (NASDAQ:NSIT - Free Report) by 62.9% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 29,445 shares of the software maker's stock after purchasing an additional 11,365 shares during the quarter. Intech Investment Management LLC owned 0.09% of Insight Enterprises worth $4,479,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Golden State Wealth Management LLC bought a new stake in Insight Enterprises in the 4th quarter valued at $32,000. R Squared Ltd acquired a new position in Insight Enterprises during the fourth quarter worth $33,000. J.Safra Asset Management Corp grew its position in shares of Insight Enterprises by 40.8% in the 4th quarter. J.Safra Asset Management Corp now owns 245 shares of the software maker's stock valued at $37,000 after acquiring an additional 71 shares during the period. Smartleaf Asset Management LLC raised its stake in Insight Enterprises by 287.7% in the fourth quarter. Smartleaf Asset Management LLC now owns 504 shares of the software maker's stock valued at $76,000 after buying an additional 374 shares during the period. Finally, Blue Trust Inc. raised its position in shares of Insight Enterprises by 25.8% in the fourth quarter. Blue Trust Inc. now owns 677 shares of the software maker's stock valued at $103,000 after purchasing an additional 139 shares during the period.

Insight Enterprises Stock Performance

Shares of NSIT traded down $0.40 during mid-day trading on Friday, hitting $154.18. 1,307,034 shares of the company's stock were exchanged, compared to its average volume of 285,093. The stock's 50-day simple moving average is $162.77 and its 200-day simple moving average is $175.28. Insight Enterprises, Inc. has a 52 week low of $146.56 and a 52 week high of $228.07. The company has a quick ratio of 1.15, a current ratio of 1.18 and a debt-to-equity ratio of 0.30. The firm has a market cap of $4.90 billion, a price-to-earnings ratio of 23.65, a price-to-earnings-growth ratio of 1.40 and a beta of 1.40.

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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 net margin of 2.87% and a return on equity of 18.95%. During the same quarter last year, the firm posted $2.98 EPS. On average, equities research analysts expect that Insight Enterprises, Inc. will post 9.89 EPS for the current year.

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.