27,046 Shares in Insight Enterprises, Inc. (NASDAQ:NSIT) Bought by Axa S.A.

Axa S.A. bought a new stake in Insight Enterprises, Inc. (NASDAQ:NSIT - Free Report) in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund bought 27,046 shares of the software maker's stock, valued at approximately $5,365,000. Axa S.A. owned 0.08% of Insight Enterprises at the end of the most recent quarter.

Several other large investors also recently modified their holdings of the business. Opal Wealth Advisors LLC acquired a new position in shares of Insight Enterprises in the 2nd quarter valued at approximately $38,000. GAMMA Investing LLC increased its position in shares of Insight Enterprises by 32.7% during the first quarter. GAMMA Investing LLC now owns 288 shares of the software maker's stock worth $53,000 after acquiring an additional 71 shares in the last quarter. EntryPoint Capital LLC acquired a new stake in shares of Insight Enterprises during the first quarter worth $89,000. Blue Trust Inc. lifted its position in Insight Enterprises by 40.8% in the 2nd quarter. Blue Trust Inc. now owns 531 shares of the software maker's stock valued at $99,000 after acquiring an additional 154 shares in the last quarter. Finally, First Foundation Advisors acquired a new position in Insight Enterprises in the 1st quarter worth $195,000.

Insight Enterprises Stock Performance

Shares of NASDAQ NSIT opened at $213.06 on Friday. The company has a debt-to-equity ratio of 0.36, a quick ratio of 1.19 and a current ratio of 1.22. The stock has a 50 day moving average price of $206.29 and a 200 day moving average price of $198.79. The stock has a market capitalization of $6.94 billion, a PE ratio of 26.80, a price-to-earnings-growth ratio of 1.65 and a beta of 1.46. Insight Enterprises, Inc. has a 52 week low of $139.34 and a 52 week high of $228.07.

Insight Enterprises (NASDAQ:NSIT - Get Free Report) last released its quarterly earnings data on Thursday, August 1st. The software maker reported $2.46 EPS for the quarter, missing the consensus estimate of $2.82 by ($0.36). The company had revenue of $2.16 billion during the quarter, compared to analyst estimates of $2.47 billion. Insight Enterprises had a net margin of 3.38% and a return on equity of 20.38%. The company's quarterly revenue was down 8.0% compared to the same quarter last year. During the same period in the previous year, the company posted $2.56 EPS. Analysts predict that Insight Enterprises, Inc. will post 10.68 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of research analysts recently issued reports on NSIT shares. Stifel Nicolaus increased their price objective on Insight Enterprises from $192.00 to $200.00 and gave the stock a "hold" rating in a report on Wednesday, July 17th. JPMorgan Chase & Co. decreased their price target on shares of Insight Enterprises from $233.00 to $225.00 and set a "neutral" rating for the company in a research note on Friday, August 2nd. StockNews.com lowered shares of Insight Enterprises from a "buy" rating to a "hold" rating in a research report on Friday, July 5th. Finally, Barrington Research restated an "outperform" rating and set a $225.00 target price on shares of Insight Enterprises in a report on Friday, September 20th.

Insider Buying and Selling at Insight Enterprises

In other news, insider Jennifer M. Vasin sold 739 shares of the company's stock in a transaction dated Monday, August 19th. The shares were sold at an average price of $206.03, for a total value of $152,256.17. Following the sale, the insider now directly owns 5,460 shares of the company's stock, valued at approximately $1,124,923.80. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Corporate insiders own 1.23% of the company's stock.

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.

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