Rhumbline Advisers Raises Stock Holdings in Insight Enterprises, Inc. (NASDAQ:NSIT)

Rhumbline Advisers lifted its position in shares of Insight Enterprises, Inc. (NASDAQ:NSIT - Free Report) by 2.4% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 82,198 shares of the software maker's stock after acquiring an additional 1,925 shares during the period. Rhumbline Advisers owned approximately 0.26% of Insight Enterprises worth $12,502,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds also recently made changes to their positions in the company. Allspring Global Investments Holdings LLC boosted its holdings in Insight Enterprises by 207.5% during the fourth quarter. Allspring Global Investments Holdings LLC now owns 103,926 shares of the software maker's stock worth $15,522,000 after purchasing an additional 70,134 shares during the last quarter. Summit Trail Advisors LLC lifted its position in shares of Insight Enterprises by 4.7% in the 4th quarter. Summit Trail Advisors LLC now owns 4,298 shares of the software maker's stock worth $654,000 after purchasing an additional 192 shares during the period. Equitable Trust Co. bought a new position in shares of Insight Enterprises in the 4th quarter worth about $797,000. WCM Investment Management LLC bought a new stake in shares of Insight Enterprises in the fourth quarter worth approximately $10,643,000. Finally, Entropy Technologies LP boosted its holdings in shares of Insight Enterprises by 511.1% in the fourth quarter. Entropy Technologies LP now owns 7,174 shares of the software maker's stock worth $1,091,000 after buying an additional 6,000 shares during the last quarter.

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Insight Enterprises Stock Performance

Shares of NASDAQ:NSIT traded down $2.75 during trading on Thursday, reaching $153.37. The company had a trading volume of 361,436 shares, compared to its average volume of 381,017. The stock's fifty day moving average price is $162.73 and its 200 day moving average price is $181.54. The firm has a market capitalization of $4.87 billion, a price-to-earnings ratio of 23.52, a price-to-earnings-growth ratio of 1.40 and a beta of 1.42. The company has a debt-to-equity ratio of 0.30, a current ratio of 1.18 and a quick ratio of 1.15. Insight Enterprises, Inc. has a fifty-two week low of $146.56 and a fifty-two week high of $228.07.

Insight Enterprises (NASDAQ:NSIT - Get Free Report) last issued its quarterly earnings results on Thursday, February 6th. The software maker reported $2.66 earnings per share (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 period last year, the business posted $2.98 EPS. As a group, equities research analysts predict that Insight Enterprises, Inc. will post 9.89 EPS for the current year.

Analysts Set New Price Targets

Several equities research analysts recently weighed in on NSIT shares. Barrington Research reduced their price target on shares of Insight Enterprises from $225.00 to $205.00 and set an "outperform" rating on the stock in a research report on Monday, November 4th. Redburn Atlantic initiated coverage on Insight Enterprises in a research report on Friday, November 15th. They issued a "buy" rating and a $220.00 price objective on the stock. Three investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. Based on data from MarketBeat, Insight Enterprises presently has a consensus rating of "Hold" and a consensus price target of $212.50.

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.