Norges Bank bought a new position in Insight Enterprises, Inc. (NASDAQ:NSIT - Free Report) in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund bought 312,854 shares of the software maker's stock, valued at approximately $47,585,000. Norges Bank owned 0.99% of Insight Enterprises as of its most recent filing with the Securities and Exchange Commission.
Other institutional investors also recently bought and sold shares of the company. Baron Wealth Management LLC boosted its position in shares of Insight Enterprises by 3.8% in the fourth quarter. Baron Wealth Management LLC now owns 1,570 shares of the software maker's stock worth $239,000 after acquiring an additional 58 shares during the last quarter. Quantinno Capital Management LP raised its stake in Insight Enterprises by 2.0% during the third quarter. Quantinno Capital Management LP now owns 3,456 shares of the software maker's stock worth $744,000 after purchasing an additional 68 shares during the period. J.Safra Asset Management Corp boosted its holdings in shares of Insight Enterprises by 40.8% in the 4th quarter. J.Safra Asset Management Corp now owns 245 shares of the software maker's stock valued at $37,000 after purchasing an additional 71 shares during the last quarter. Cornerstone Investment Partners LLC grew its stake in shares of Insight Enterprises by 5.8% during the 4th quarter. Cornerstone Investment Partners LLC now owns 1,371 shares of the software maker's stock valued at $209,000 after buying an additional 75 shares during the period. Finally, Romano Brothers AND Company increased its holdings in shares of Insight Enterprises by 2.7% during the 4th quarter. Romano Brothers AND Company now owns 3,850 shares of the software maker's stock worth $586,000 after buying an additional 100 shares during the last quarter.
Analysts Set New Price Targets
Separately, Barrington Research lowered their price target on Insight Enterprises from $205.00 to $164.00 and set an "outperform" rating for the company in a research report on Friday, April 4th. Three equities research analysts have rated the stock with a hold rating and two have given a buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Hold" and an average target price of $202.25.
Check Out Our Latest Stock Analysis on NSIT
Insight Enterprises Trading Up 8.4 %
Shares of NSIT stock traded up $10.77 during mid-day trading on Wednesday, reaching $138.88. The company's stock had a trading volume of 515,025 shares, compared to its average volume of 306,540. The company's 50 day simple moving average is $155.14 and its 200-day simple moving average is $168.99. The company has a quick ratio of 1.15, a current ratio of 1.18 and a debt-to-equity ratio of 0.30. Insight Enterprises, Inc. has a 12-month low of $124.32 and a 12-month high of $228.07. The firm has a market capitalization of $4.41 billion, a PE ratio of 21.30, a price-to-earnings-growth ratio of 1.40 and a beta of 1.31.
Insight Enterprises (NASDAQ:NSIT - Get Free Report) last issued its quarterly earnings data on Thursday, February 6th. The software maker reported $2.66 EPS for the quarter, topping analysts' consensus estimates of $2.53 by $0.13. Insight Enterprises had a return on equity of 18.95% and a net margin of 2.87%. During the same quarter in the previous year, the firm earned $2.98 EPS. On average, research analysts predict that Insight Enterprises, Inc. will post 9.89 EPS for the current fiscal year.
About Insight Enterprises
(
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.
Read More
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
Wondering where to start (or end) with AI stocks? These 10 simple stocks can help investors build long-term wealth as artificial intelligence continues to grow into the future.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
