Quantbot Technologies LP Makes New $2.07 Million Investment in Insight Enterprises, Inc. (NASDAQ:NSIT)

Quantbot Technologies LP purchased a new position in Insight Enterprises, Inc. (NASDAQ:NSIT - Free Report) in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 13,610 shares of the software maker's stock, valued at approximately $2,070,000.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. Atria Investments Inc bought a new position in Insight Enterprises during the third quarter valued at approximately $215,000. Jennison Associates LLC bought a new stake in shares of Insight Enterprises in the third quarter worth $637,000. Intech Investment Management LLC increased its position in Insight Enterprises by 28.2% during the third quarter. Intech Investment Management LLC now owns 18,080 shares of the software maker's stock valued at $3,894,000 after acquiring an additional 3,982 shares during the last quarter. Charles Schwab Investment Management Inc. lifted its holdings in Insight Enterprises by 30.1% in the third quarter. Charles Schwab Investment Management Inc. now owns 368,951 shares of the software maker's stock valued at $79,468,000 after acquiring an additional 85,428 shares during the period. Finally, Cerity Partners LLC boosted its position in Insight Enterprises by 54.4% in the third quarter. Cerity Partners LLC now owns 2,813 shares of the software maker's stock worth $606,000 after purchasing an additional 991 shares during the last quarter.

Insight Enterprises Stock Performance

Shares of NASDAQ:NSIT traded down $1.95 during trading on Thursday, hitting $153.95. The company's stock had a trading volume of 300,013 shares, compared to its average volume of 284,493. The company has a debt-to-equity ratio of 0.30, a current ratio of 1.18 and a quick ratio of 1.15. The firm has a market cap of $4.89 billion, a price-to-earnings ratio of 23.61, a P/E/G ratio of 1.40 and a beta of 1.40. The company has a 50-day moving average of $162.47 and a 200-day moving average of $174.34. Insight Enterprises, Inc. has a 12 month low of $146.56 and a 12 month high of $228.07.

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Insight Enterprises (NASDAQ:NSIT - Get Free Report) last posted its quarterly earnings data on Thursday, February 6th. The software maker reported $2.66 EPS for the quarter, topping the consensus estimate 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 period last year, the business posted $2.98 earnings per share. On average, sell-side analysts expect that Insight Enterprises, Inc. will post 9.89 earnings per share for the current year.

Insight Enterprises Company 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.