Insight Enterprises, Inc. (NASDAQ:NSIT) Shares Bought by State of New Jersey Common Pension Fund D

State of New Jersey Common Pension Fund D raised its position in Insight Enterprises, Inc. (NASDAQ:NSIT - Free Report) by 42.1% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 14,031 shares of the software maker's stock after purchasing an additional 4,155 shares during the quarter. State of New Jersey Common Pension Fund D's holdings in Insight Enterprises were worth $2,134,000 as of its most recent SEC filing.

Other hedge funds have also recently modified their holdings of the company. Geode Capital Management LLC grew its position in shares of Insight Enterprises by 1.7% during the 3rd quarter. Geode Capital Management LLC now owns 659,483 shares of the software maker's stock worth $142,073,000 after buying an additional 10,711 shares in the last quarter. EULAV Asset Management grew its stake in Insight Enterprises by 7.2% in the third 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 during the last quarter. Harbor Capital Advisors Inc. raised its holdings in Insight Enterprises by 65.0% in the third quarter. Harbor Capital Advisors Inc. now owns 23,578 shares of the software maker's stock worth $5,078,000 after purchasing an additional 9,289 shares in the last quarter. Barclays PLC lifted its position in shares of Insight Enterprises by 178.3% during the third quarter. Barclays PLC now owns 56,402 shares of the software maker's stock valued at $12,150,000 after buying an additional 36,132 shares during the last quarter. Finally, World Investment Advisors LLC bought a new stake in shares of Insight Enterprises in the 3rd quarter valued at about $2,609,000.

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Insight Enterprises Stock Performance

NSIT stock traded up $2.21 during trading on Wednesday, hitting $156.16. 128,780 shares of the company traded hands, compared to its average volume of 372,472. The company has a market cap of $4.96 billion, a PE ratio of 23.96, a P/E/G ratio of 1.40 and a beta of 1.42. Insight Enterprises, Inc. has a 1 year low of $146.56 and a 1 year high of $228.07. The stock's 50-day simple moving average is $162.63 and its 200 day simple moving average is $181.72. 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 (NASDAQ:NSIT - Get Free Report) last released its quarterly earnings results on Thursday, February 6th. The software maker reported $2.66 earnings per share for the quarter, topping 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 quarter in the prior year, the firm posted $2.98 earnings per share. On average, equities analysts expect that Insight Enterprises, Inc. will post 9.89 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of analysts have recently weighed in on the company. Redburn Atlantic started coverage on Insight Enterprises in a research report on Friday, November 15th. They issued a "buy" rating and a $220.00 price objective for the company. Barrington Research dropped their price objective on shares of Insight Enterprises from $225.00 to $205.00 and set an "outperform" rating on the stock in a report on Monday, November 4th. Three equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the company. Based on data from MarketBeat.com, Insight Enterprises 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.