New York Life Investment Management LLC Invests $449,000 in Insight Enterprises, Inc. (NASDAQ:NSIT)

New York Life Investment Management LLC bought a new position in Insight Enterprises, Inc. (NASDAQ:NSIT - Free Report) during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm bought 2,952 shares of the software maker's stock, valued at approximately $449,000.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in the business. Illinois Municipal Retirement Fund boosted its position in Insight Enterprises by 61.2% in the fourth quarter. Illinois Municipal Retirement Fund now owns 25,410 shares of the software maker's stock valued at $3,865,000 after buying an additional 9,647 shares in the last quarter. Bank of New York Mellon Corp boosted its position in Insight Enterprises by 9.2% in the fourth quarter. Bank of New York Mellon Corp now owns 260,838 shares of the software maker's stock valued at $39,674,000 after buying an additional 21,876 shares in the last quarter. Alberta Investment Management Corp acquired a new position in Insight Enterprises in the fourth quarter valued at about $2,494,000. CIBC Asset Management Inc boosted its position in Insight Enterprises by 78.6% in the fourth quarter. CIBC Asset Management Inc now owns 2,861 shares of the software maker's stock valued at $435,000 after buying an additional 1,259 shares in the last quarter. Finally, Principal Financial Group Inc. boosted its position in Insight Enterprises by 1.2% in the fourth quarter. Principal Financial Group Inc. now owns 143,544 shares of the software maker's stock valued at $21,833,000 after buying an additional 1,653 shares in the last quarter.

Insight Enterprises Trading Up 2.3 %

NASDAQ:NSIT traded up $3.48 during trading hours on Friday, hitting $156.31. The stock had a trading volume of 384,036 shares, compared to its average volume of 277,078. Insight Enterprises, Inc. has a one year low of $146.56 and a one year high of $228.07. The company has a debt-to-equity ratio of 0.30, a quick ratio of 1.15 and a current ratio of 1.18. The company has a market cap of $4.97 billion, a price-to-earnings ratio of 23.97, a P/E/G ratio of 1.40 and a beta of 1.40. The business's 50 day moving average is $162.58 and its 200-day moving average is $179.51.

Remove Ads

Insight Enterprises (NASDAQ:NSIT - Get Free Report) last issued its 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 net margin of 2.87% and a return on equity of 18.95%. During the same period in the prior year, the firm earned $2.98 earnings per share. Sell-side analysts anticipate that Insight Enterprises, Inc. will post 9.89 EPS for the current fiscal year.

Analyst Ratings Changes

Separately, Redburn Atlantic assumed coverage on shares of Insight Enterprises in a research report on Friday, November 15th. They issued a "buy" rating and a $220.00 price target on the stock. Three analysts have rated the stock with a hold rating and two have given a buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of "Hold" and a consensus price target of $212.50.

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.