5,000 Shares in Insight Enterprises, Inc. (NASDAQ:NSIT) Bought by Needham Investment Management LLC

Needham Investment Management LLC acquired a new stake in Insight Enterprises, Inc. (NASDAQ:NSIT - Free Report) during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor acquired 5,000 shares of the software maker's stock, valued at approximately $1,077,000.

A number of other large investors have also recently added to or reduced their stakes in NSIT. EULAV Asset Management lifted its holdings in Insight Enterprises by 7.2% in the 3rd quarter. EULAV Asset Management now owns 49,879 shares of the software maker's stock valued at $10,743,000 after purchasing an additional 3,359 shares in the last quarter. Point72 DIFC Ltd purchased a new position in shares of Insight Enterprises during the 2nd quarter worth about $682,000. Harbor Capital Advisors Inc. lifted its holdings in shares of Insight Enterprises by 65.0% during the 3rd quarter. Harbor Capital Advisors Inc. now owns 23,578 shares of the software maker's stock worth $5,078,000 after acquiring an additional 9,289 shares during the period. Silver Lake Advisory LLC purchased a new position in shares of Insight Enterprises during the 2nd quarter worth about $6,343,000. Finally, BOKF NA purchased a new position in shares of Insight Enterprises during the 2nd quarter worth about $622,000.

Insight Enterprises Stock Up 0.6 %

NASDAQ:NSIT traded up $0.92 during trading hours on Wednesday, hitting $160.93. The stock had a trading volume of 165,981 shares, compared to its average volume of 247,815. The company has a current ratio of 1.24, a quick ratio of 1.20 and a debt-to-equity ratio of 0.43. Insight Enterprises, Inc. has a 1-year low of $146.56 and a 1-year high of $228.07. The business has a 50 day simple moving average of $188.97 and a two-hundred day simple moving average of $198.73. The company has a market cap of $5.11 billion, a PE ratio of 20.13, a price-to-earnings-growth ratio of 1.40 and a beta of 1.42.

Insight Enterprises (NASDAQ:NSIT - Get Free Report) last issued its quarterly earnings data on Thursday, October 31st. The software maker reported $2.19 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.37 by ($0.18). Insight Enterprises had a net margin of 3.42% and a return on equity of 19.71%. The firm had revenue of $2.09 billion during the quarter, compared to analyst estimates of $2.34 billion. During the same period last year, the business earned $2.37 EPS. The firm's revenue was down 7.9% compared to the same quarter last year. Analysts predict that Insight Enterprises, Inc. will post 9.55 EPS for the current year.

Analysts Set New Price Targets

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

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.