Wells Fargo & Company MN Buys 10,827 Shares of Insight Enterprises, Inc. (NASDAQ:NSIT)

Wells Fargo & Company MN raised its position in Insight Enterprises, Inc. (NASDAQ:NSIT - Free Report) by 26.1% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 52,362 shares of the software maker's stock after purchasing an additional 10,827 shares during the period. Wells Fargo & Company MN owned approximately 0.16% of Insight Enterprises worth $7,964,000 as of its most recent filing with the SEC.

Several other hedge funds also recently bought and sold shares of NSIT. Golden State Wealth Management LLC bought a new stake in shares of Insight Enterprises in the fourth quarter worth about $32,000. R Squared Ltd bought a new position in Insight Enterprises in the fourth quarter valued at approximately $33,000. J.Safra Asset Management Corp increased its position in shares of Insight Enterprises by 40.8% during the fourth quarter. J.Safra Asset Management Corp now owns 245 shares of the software maker's stock worth $37,000 after acquiring an additional 71 shares in the last quarter. Smartleaf Asset Management LLC raised its holdings in shares of Insight Enterprises by 287.7% during the fourth quarter. Smartleaf Asset Management LLC now owns 504 shares of the software maker's stock worth $76,000 after acquiring an additional 374 shares during the period. Finally, Blue Trust Inc. boosted its position in shares of Insight Enterprises by 25.8% during the fourth quarter. Blue Trust Inc. now owns 677 shares of the software maker's stock worth $103,000 after buying an additional 139 shares during the period.

Analyst Ratings Changes

NSIT has been the subject of a number of recent research reports. Barrington Research reduced their price objective on shares of Insight Enterprises from $205.00 to $164.00 and set an "outperform" rating for the company in a research note on Friday, April 4th. JPMorgan Chase & Co. decreased their price target on Insight Enterprises from $193.00 to $156.00 and set a "neutral" rating for the company in a research note on Thursday, April 17th. Three equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company's stock. According to MarketBeat.com, Insight Enterprises presently has a consensus rating of "Hold" and a consensus target price of $185.00.

Insight Enterprises Stock Performance

Insight Enterprises stock traded up $0.01 during mid-day trading on Tuesday, hitting $132.09. 109,292 shares of the company's stock traded hands, compared to its average volume of 308,492. Insight Enterprises, Inc. has a fifty-two week low of $126.10 and a fifty-two week high of $228.07. The stock has a market cap of $4.20 billion, a price-to-earnings ratio of 20.29, a P/E/G ratio of 1.40 and a beta of 1.31. The firm has a 50 day simple moving average of $149.43 and a two-hundred day simple moving average of $164.24. 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 announced its quarterly earnings results on Thursday, February 6th. The software maker reported $2.66 EPS for the quarter, beating analysts' consensus estimates 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 last year, the company posted $2.98 EPS. On average, research analysts expect that Insight Enterprises, Inc. will post 9.89 EPS for the current fiscal 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.