XTX Topco Ltd Invests $382,000 in Insight Enterprises, Inc. (NASDAQ:NSIT)

XTX Topco Ltd acquired a new stake in shares of Insight Enterprises, Inc. (NASDAQ:NSIT - Free Report) during the 4th quarter, according to its most recent 13F filing with the SEC. The firm acquired 2,511 shares of the software maker's stock, valued at approximately $382,000.

A number of other large investors also recently modified their holdings of NSIT. Mariner LLC raised its holdings in Insight Enterprises by 12.9% during the fourth quarter. Mariner LLC now owns 3,970 shares of the software maker's stock valued at $604,000 after acquiring an additional 454 shares during the period. Barclays PLC lifted its holdings in Insight Enterprises by 8.5% in the 4th quarter. Barclays PLC now owns 61,183 shares of the software maker's stock worth $9,307,000 after purchasing an additional 4,781 shares in the last quarter. Paralel Advisors LLC boosted its stake in Insight Enterprises by 10.0% in the 4th quarter. Paralel Advisors LLC now owns 13,536 shares of the software maker's stock worth $2,059,000 after purchasing an additional 1,232 shares during the period. Capital Fund Management S.A. purchased a new stake in Insight Enterprises during the 4th quarter valued at approximately $2,531,000. Finally, Raymond James Financial Inc. bought a new stake in shares of Insight Enterprises during the fourth quarter valued at approximately $532,000.

Analyst Upgrades and Downgrades

A number of analysts have issued reports on NSIT shares. Barrington Research reduced their price target on shares of Insight Enterprises from $205.00 to $164.00 and set an "outperform" rating on the stock in a report on Friday, April 4th. JPMorgan Chase & Co. dropped 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 given a buy rating to the stock. According to MarketBeat.com, Insight Enterprises presently has a consensus rating of "Hold" and a consensus target price of $185.00.

Insight Enterprises Price Performance

NASDAQ:NSIT opened at $132.60 on Wednesday. The firm has a market capitalization of $4.21 billion, a price-to-earnings ratio of 20.34, a PEG ratio of 1.40 and a beta of 1.31. 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 business has a 50 day simple moving average of $148.73 and a 200-day simple moving average of $164.02. Insight Enterprises, Inc. has a 1 year low of $126.10 and a 1 year high of $228.07.

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 net margin of 2.87% and a return on equity of 18.95%. During the same quarter last year, the business earned $2.98 earnings per share. Equities analysts forecast that Insight Enterprises, Inc. will post 9.89 EPS for the current year.

Insight Enterprises 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.

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