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Isthmus Partners LLC Invests $814,000 in Insight Enterprises, Inc. (NASDAQ:NSIT)

Insight Enterprises logo with Retail/Wholesale background

Isthmus Partners LLC purchased a new position in shares of Insight Enterprises, Inc. (NASDAQ:NSIT - Free Report) during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm purchased 3,780 shares of the software maker's stock, valued at approximately $814,000.

Several other institutional investors also recently made changes to their positions in the stock. Comerica Bank increased its position in Insight Enterprises by 2.7% during 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 in the last quarter. DekaBank Deutsche Girozentrale raised its stake in shares of Insight Enterprises by 10.7% in the 1st quarter. DekaBank Deutsche Girozentrale now owns 3,529 shares of the software maker's stock valued at $652,000 after acquiring an additional 342 shares during the period. GAMMA Investing LLC lifted its holdings in shares of Insight Enterprises by 56.9% during the 2nd quarter. GAMMA Investing LLC now owns 452 shares of the software maker's stock valued at $90,000 after acquiring an additional 164 shares in the last quarter. Harbor Capital Advisors Inc. boosted its position in Insight Enterprises by 288.2% during the 2nd quarter. Harbor Capital Advisors Inc. now owns 14,289 shares of the software maker's stock worth $2,834,000 after purchasing an additional 10,608 shares during the period. Finally, CWM LLC increased its holdings in Insight Enterprises by 154.8% in the 2nd quarter. CWM LLC now owns 1,995 shares of the software maker's stock valued at $396,000 after purchasing an additional 1,212 shares in the last quarter.

Wall Street Analyst Weigh In

NSIT has been the subject of several analyst reports. Barrington Research decreased their target price on Insight Enterprises from $225.00 to $205.00 and set an "outperform" rating for the company in a research report on Monday, November 4th. Redburn Atlantic assumed coverage on Insight Enterprises in a report on Friday, November 15th. They issued a "buy" rating and a $220.00 price target for the company. Finally, JPMorgan Chase & Co. dropped their price objective on shares of Insight Enterprises from $233.00 to $225.00 and set a "neutral" rating on the stock in a research note on Friday, August 2nd. Three investment analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of "Hold" and a consensus price target of $212.50.

Get Our Latest Stock Report on NSIT

Insight Enterprises Stock Up 0.1 %

Shares of NASDAQ:NSIT traded up $0.17 during trading on Friday, hitting $156.45. The company's stock had a trading volume of 197,444 shares, compared to its average volume of 247,047. The company has a market capitalization of $4.97 billion, a PE ratio of 19.68, a PEG ratio of 1.36 and a beta of 1.48. Insight Enterprises, Inc. has a fifty-two week low of $146.56 and a fifty-two week high of $228.07. 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 stock's 50-day moving average price is $191.03 and its two-hundred day moving average price is $199.52.

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 (EPS) for the quarter, missing analysts' consensus estimates of $2.37 by ($0.18). Insight Enterprises had a net margin of 3.42% and a return on equity of 19.71%. The business had revenue of $2.09 billion during the quarter, compared to analyst estimates of $2.34 billion. During the same period in the previous year, the company earned $2.37 earnings per share. The business's revenue for the quarter was down 7.9% on a year-over-year basis. As a group, sell-side analysts expect that Insight Enterprises, Inc. will post 9.55 EPS for the current year.

About Insight Enterprises

(Free Report)

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.

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Institutional Ownership by Quarter for Insight Enterprises (NASDAQ:NSIT)

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