Jane Street Group LLC Has $3.01 Million Stock Position in Insight Enterprises, Inc. (NASDAQ:NSIT)

Jane Street Group LLC reduced its stake in Insight Enterprises, Inc. (NASDAQ:NSIT - Free Report) by 74.4% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 13,986 shares of the software maker's stock after selling 40,582 shares during the period. Jane Street Group LLC's holdings in Insight Enterprises were worth $3,012,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the stock. GAMMA Investing LLC lifted its position in shares of Insight Enterprises by 72.6% during the 3rd quarter. GAMMA Investing LLC now owns 780 shares of the software maker's stock worth $168,000 after purchasing an additional 328 shares during the last quarter. Ausbil Investment Management Ltd acquired a new position in shares of Insight Enterprises in the second quarter valued at approximately $195,000. Huntington National Bank boosted its holdings in Insight Enterprises by 7.3% in 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 in the last quarter. Atria Investments Inc acquired a new position in Insight Enterprises during the third quarter valued at approximately $215,000. Finally, Iowa State Bank acquired a new position in shares of Insight Enterprises during the 3rd quarter valued at $215,000.

Insight Enterprises Price Performance

Shares of NASDAQ:NSIT traded down $2.89 on Friday, reaching $154.68. 1,347,472 shares of the company traded hands, compared to its average volume of 259,780. The company has a debt-to-equity ratio of 0.43, a current ratio of 1.24 and a quick ratio of 1.20. The stock has a market capitalization of $4.91 billion, a PE ratio of 19.46, a P/E/G ratio of 1.39 and a beta of 1.42. The company's 50 day moving average is $174.37 and its 200-day moving average is $194.83. Insight Enterprises, Inc. has a fifty-two week low of $146.56 and a fifty-two week high of $228.07.

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

Wall Street Analysts Forecast Growth

A number of brokerages have issued reports on NSIT. Barrington Research cut their target price on Insight Enterprises from $225.00 to $205.00 and set an "outperform" rating on the stock in a research report on Monday, November 4th. Redburn Atlantic began coverage on shares of Insight Enterprises in a report on Friday, November 15th. They issued a "buy" rating and a $220.00 price target on the stock. Three equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company's stock. According to data from MarketBeat.com, the company presently has an average rating of "Hold" and a consensus price target of $212.50.

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.