Assenagon Asset Management S.A. Buys New Holdings in Insight Enterprises, Inc. (NASDAQ:NSIT)

Assenagon Asset Management S.A. acquired a new position in shares of Insight Enterprises, Inc. (NASDAQ:NSIT - Free Report) during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 22,065 shares of the software maker's stock, valued at approximately $4,753,000. Assenagon Asset Management S.A. owned 0.07% of Insight Enterprises at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of NSIT. Van ECK Associates Corp raised its holdings in Insight Enterprises by 36.5% during the 1st quarter. Van ECK Associates Corp now owns 11,658 shares of the software maker's stock worth $2,163,000 after buying an additional 3,118 shares during the period. BNP Paribas Financial Markets raised its holdings in Insight Enterprises by 22.9% during the 1st quarter. BNP Paribas Financial Markets now owns 37,925 shares of the software maker's stock worth $7,036,000 after buying an additional 7,067 shares during the period. Janney Montgomery Scott LLC acquired a new position in shares of Insight Enterprises in the 1st quarter valued at about $431,000. Texas Permanent School Fund Corp increased its holdings in shares of Insight Enterprises by 1.3% in the 1st quarter. Texas Permanent School Fund Corp now owns 24,234 shares of the software maker's stock valued at $4,496,000 after purchasing an additional 314 shares during the period. Finally, SG Americas Securities LLC increased its holdings in shares of Insight Enterprises by 249.8% in the 1st quarter. SG Americas Securities LLC now owns 6,544 shares of the software maker's stock valued at $1,214,000 after purchasing an additional 4,673 shares during the period.

Analysts Set New Price Targets

NSIT has been the topic of a number of research reports. StockNews.com downgraded Insight Enterprises from a "buy" rating to a "hold" rating in a report on Friday, July 5th. Barrington Research reiterated an "outperform" rating and issued a $225.00 target price on shares of Insight Enterprises in a report on Friday, September 20th. Stifel Nicolaus upped their target price on Insight Enterprises from $192.00 to $200.00 and gave the company a "hold" rating in a report on Wednesday, July 17th. Finally, JPMorgan Chase & Co. dropped their target price on Insight Enterprises from $233.00 to $225.00 and set a "neutral" rating on the stock in a report on Friday, August 2nd.

Insight Enterprises Stock Down 3.1 %

Shares of NASDAQ NSIT traded down $6.45 during trading hours on Wednesday, hitting $203.89. The stock had a trading volume of 490,054 shares, compared to its average volume of 223,004. The company has a market capitalization of $6.64 billion, a P/E ratio of 26.13, a P/E/G ratio of 1.63 and a beta of 1.45. The firm's 50-day moving average price is $212.44 and its two-hundred day moving average price is $203.91. Insight Enterprises, Inc. has a 52 week low of $139.34 and a 52 week high of $228.07. The company has a debt-to-equity ratio of 0.36, a quick ratio of 1.19 and a current ratio of 1.22.

Insight Enterprises (NASDAQ:NSIT - Get Free Report) last announced its quarterly earnings results 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 firm had revenue of $2.16 billion during the quarter, compared to the consensus estimate 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 firm posted $2.56 EPS. Analysts anticipate that Insight Enterprises, Inc. will post 10.68 EPS for the current fiscal year.

Insiders Place Their Bets

In other Insight Enterprises news, insider Jennifer M. Vasin sold 739 shares of the company's stock in a transaction that occurred on Monday, August 19th. The stock was sold at an average price of $206.03, for a total transaction of $152,256.17. Following the completion of the sale, the insider now owns 5,460 shares of the company's stock, valued at $1,124,923.80. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 1.23% of the company's stock.

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.