Creative Planning lifted its holdings in shares of Insight Enterprises, Inc. (NASDAQ:NSIT - Free Report) by 38.1% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 9,567 shares of the software maker's stock after purchasing an additional 2,637 shares during the period. Creative Planning's holdings in Insight Enterprises were worth $2,061,000 as of its most recent SEC filing.
A number of other hedge funds have also modified their holdings of the business. Xponance Inc. increased its stake in shares of Insight Enterprises by 2.5% during the 2nd quarter. Xponance Inc. now owns 2,114 shares of the software maker's stock worth $419,000 after purchasing an additional 52 shares in the last quarter. Tevis Investment Management grew its stake in Insight Enterprises by 3.5% in the 2nd quarter. Tevis Investment Management now owns 1,774 shares of the software maker's stock worth $352,000 after acquiring an additional 60 shares during the period. Hanseatic Management Services Inc. grew its stake in Insight Enterprises by 1.8% in the 2nd quarter. Hanseatic Management Services Inc. now owns 3,854 shares of the software maker's stock worth $764,000 after acquiring an additional 69 shares during the period. SummerHaven Investment Management LLC grew its stake in Insight Enterprises by 1.6% in the 2nd quarter. SummerHaven Investment Management LLC now owns 5,020 shares of the software maker's stock worth $996,000 after acquiring an additional 77 shares during the period. Finally, Commonwealth Equity Services LLC grew its stake in Insight Enterprises by 7.1% in the 2nd quarter. Commonwealth Equity Services LLC now owns 1,567 shares of the software maker's stock worth $311,000 after acquiring an additional 104 shares during the period.
Insight Enterprises Trading Down 1.1 %
Shares of NASDAQ NSIT traded down $2.31 during trading on Monday, hitting $206.83. 220,081 shares of the company traded hands, compared to its average volume of 221,816. Insight Enterprises, Inc. has a 1 year low of $139.34 and a 1 year high of $228.07. The company has a 50-day moving average price of $212.29 and a 200-day moving average price of $203.55. The firm has a market capitalization of $6.74 billion, a P/E ratio of 25.69, a P/E/G ratio of 1.63 and a beta of 1.45. The company has a quick ratio of 1.19, a current ratio of 1.22 and a debt-to-equity ratio of 0.36.
Insight Enterprises (NASDAQ:NSIT - Get Free Report) last announced its quarterly earnings data on Thursday, August 1st. The software maker reported $2.46 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.82 by ($0.36). Insight Enterprises had a net margin of 3.38% and a return on equity of 20.38%. The company had revenue of $2.16 billion for the quarter, compared to analysts' expectations of $2.47 billion. During the same period in the prior year, the firm earned $2.56 earnings per share. The firm's quarterly revenue was down 8.0% on a year-over-year basis. On average, equities analysts predict that Insight Enterprises, Inc. will post 10.68 EPS for the current year.
Analysts Set New Price Targets
Several analysts have commented on the stock. JPMorgan Chase & Co. lowered their target price 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 cut shares of Insight Enterprises from a "buy" rating to a "hold" rating in a research note on Friday, July 5th. Stifel Nicolaus lifted their target price on shares of Insight Enterprises from $192.00 to $200.00 and gave the stock a "hold" rating in a research note on Wednesday, July 17th. Finally, Barrington Research reaffirmed an "outperform" rating and issued a $225.00 target price on shares of Insight Enterprises in a research note on Friday, September 20th.
Read Our Latest Stock Report on NSIT
Insider Activity at Insight Enterprises
In related news, insider Jennifer M. Vasin sold 739 shares of Insight Enterprises stock in a transaction on Monday, August 19th. The shares were sold at an average price of $206.03, for a total transaction of $152,256.17. Following the transaction, the insider now owns 5,460 shares in the company, valued at approximately $1,124,923.80. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Company insiders own 1.23% of the company's stock.
Insight Enterprises Company Profile
(
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.
Further Reading
Before you consider Insight Enterprises, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Insight Enterprises wasn't on the list.
While Insight Enterprises currently has a "Moderate Buy" rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Looking to avoid the hassle of mudslinging, volatility, and uncertainty? You'd need to be out of the market, which isn’t viable. So where should investors put their money? Find out with this report.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
