Intech Investment Management LLC Has $3.89 Million Position in Insight Enterprises, Inc. (NASDAQ:NSIT)

Intech Investment Management LLC boosted its stake in Insight Enterprises, Inc. (NASDAQ:NSIT - Free Report) by 28.2% in the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 18,080 shares of the software maker's stock after buying an additional 3,982 shares during the quarter. Intech Investment Management LLC owned approximately 0.06% of Insight Enterprises worth $3,894,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also modified their holdings of the company. CANADA LIFE ASSURANCE Co grew its position in Insight Enterprises by 17.0% in the 1st quarter. CANADA LIFE ASSURANCE Co now owns 27,251 shares of the software maker's stock worth $5,050,000 after purchasing an additional 3,956 shares during the last quarter. Caxton Associates LP acquired a new stake in Insight Enterprises in the 1st quarter worth $939,000. Comerica Bank grew its position in Insight Enterprises by 2.7% in the 1st quarter. Comerica Bank now owns 43,859 shares of the software maker's stock worth $8,137,000 after purchasing an additional 1,143 shares during the last quarter. Untitled Investments LP acquired a new stake in Insight Enterprises in the 1st quarter worth $1,129,000. Finally, EULAV Asset Management boosted its position in shares of Insight Enterprises by 39.8% during the 1st quarter. EULAV Asset Management now owns 40,821 shares of the software maker's stock valued at $7,573,000 after acquiring an additional 11,621 shares in the last quarter.

Insight Enterprises Price Performance

Shares of NASDAQ NSIT traded up $1.16 during trading on Friday, reaching $151.11. The company had a trading volume of 491,529 shares, compared to its average volume of 482,174. Insight Enterprises, Inc. has a 52 week low of $146.56 and a 52 week high of $228.07. The stock has a market cap of $4.80 billion, a PE ratio of 19.01, a PEG ratio of 1.31 and a beta of 1.48. The company has a debt-to-equity ratio of 0.43, a quick ratio of 1.20 and a current ratio of 1.24. The business's 50 day moving average price is $196.66 and its 200-day moving average price is $201.17.

Insight Enterprises (NASDAQ:NSIT - Get Free Report) last announced its earnings results on Thursday, October 31st. The software maker reported $2.19 earnings per share for the quarter, missing analysts' consensus estimates 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 period in the prior year, the firm posted $2.37 earnings per share. The company's revenue was down 7.9% on a year-over-year basis. Analysts expect that Insight Enterprises, Inc. will post 9.55 earnings per share for the current year.

Wall Street Analyst Weigh In

Several analysts have recently weighed in on NSIT shares. JPMorgan Chase & Co. decreased 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. Barrington Research cut their price target on shares of Insight Enterprises from $225.00 to $205.00 and set an "outperform" rating for the company in a report on Monday, November 4th. Finally, Redburn Atlantic started coverage on shares of Insight Enterprises in a report on Friday, November 15th. They set a "buy" rating and a $220.00 price target for the company. Three analysts have rated the stock with a hold rating and two have issued a buy rating to the company. According to data from MarketBeat.com, the company has an average rating of "Hold" and a consensus target price of $212.50.

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.