KLP Kapitalforvaltning AS Makes New $882,000 Investment in Insight Enterprises, Inc. (NASDAQ:NSIT)

KLP Kapitalforvaltning AS purchased a new stake in shares of Insight Enterprises, Inc. (NASDAQ:NSIT - Free Report) during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor purchased 5,800 shares of the software maker's stock, valued at approximately $882,000.

A number of other institutional investors also recently bought and sold shares of NSIT. Hennessy Advisors Inc. bought a new stake in shares of Insight Enterprises in the 4th quarter worth about $39,242,000. Pacer Advisors Inc. boosted its position in shares of Insight Enterprises by 26.6% during the fourth quarter. Pacer Advisors Inc. now owns 1,073,262 shares of the software maker's stock valued at $163,243,000 after buying an additional 225,283 shares during the period. WCM Investment Management LLC bought a new position in shares of Insight Enterprises during the fourth quarter valued at approximately $10,643,000. Allspring Global Investments Holdings LLC lifted its stake in shares of Insight Enterprises by 207.5% during the 4th quarter. Allspring Global Investments Holdings LLC now owns 103,926 shares of the software maker's stock worth $15,522,000 after acquiring an additional 70,134 shares during the last quarter. Finally, Barclays PLC lifted its stake in shares of Insight Enterprises by 178.3% during the 3rd quarter. Barclays PLC now owns 56,402 shares of the software maker's stock worth $12,150,000 after acquiring an additional 36,132 shares during the last quarter.

Insight Enterprises Trading Down 3.6 %

NASDAQ:NSIT traded down $4.94 during midday trading on Friday, hitting $132.04. The stock had a trading volume of 722,859 shares, compared to its average volume of 303,172. 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 stock has a 50-day moving average of $159.06 and a 200 day moving average of $171.45. The company has a market capitalization of $4.20 billion, a price-to-earnings ratio of 20.25, a PEG ratio of 1.40 and a beta of 1.40. Insight Enterprises, Inc. has a one year low of $128.01 and a one year high of $228.07.

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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 EPS for the quarter, beating the consensus estimate of $2.53 by $0.13. Insight Enterprises had a return on equity of 18.95% and a net margin of 2.87%. During the same quarter last year, the company earned $2.98 EPS. As a group, sell-side analysts forecast that Insight Enterprises, Inc. will post 9.89 EPS for the current year.

Analysts Set New Price Targets

Separately, Barrington Research decreased their target price on Insight Enterprises from $205.00 to $164.00 and set an "outperform" rating for the company in a research report on Friday. Three research analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. According to MarketBeat, the stock has a consensus rating of "Hold" and a consensus price target of $202.25.

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.