Her Majesty the Queen in Right of the Province of Alberta as represented by Alberta Investment Management Corp Buys 15,900 Shares of Insight Enterprises, Inc. (NSIT)

Her Majesty the Queen in Right of the Province of Alberta as represented by Alberta Investment Management Corp raised its stake in shares of Insight Enterprises, Inc. (NASDAQ:NSIT) by 101.3% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 31,600 shares of the software maker’s stock after buying an additional 15,900 shares during the quarter. Her Majesty the Queen in Right of the Province of Alberta as represented by Alberta Investment Management Corp owned about 0.09% of Insight Enterprises worth $1,288,000 at the end of the most recent quarter.

Other large investors also recently made changes to their positions in the company. D. E. Shaw & Co. Inc. lifted its position in shares of Insight Enterprises by 49.7% in the fourth quarter. D. E. Shaw & Co. Inc. now owns 91,035 shares of the software maker’s stock worth $3,710,000 after buying an additional 30,212 shares in the last quarter. Bank of America Corp DE raised its position in Insight Enterprises by 24.0% during the fourth quarter. Bank of America Corp DE now owns 101,173 shares of the software maker’s stock valued at $4,122,000 after purchasing an additional 19,596 shares during the period. Principal Financial Group Inc. raised its position in Insight Enterprises by 6.3% during the fourth quarter. Principal Financial Group Inc. now owns 312,860 shares of the software maker’s stock valued at $12,749,000 after purchasing an additional 18,514 shares during the period. Stone Ridge Asset Management LLC raised its position in Insight Enterprises by 84.2% during the fourth quarter. Stone Ridge Asset Management LLC now owns 26,646 shares of the software maker’s stock valued at $1,086,000 after purchasing an additional 12,177 shares during the period. Finally, Brandywine Global Investment Management LLC raised its position in Insight Enterprises by 5.6% during the fourth quarter. Brandywine Global Investment Management LLC now owns 121,895 shares of the software maker’s stock valued at $4,968,000 after purchasing an additional 6,410 shares during the period. Institutional investors and hedge funds own 99.68% of the company’s stock.

A number of equities research analysts have issued reports on the company. Zacks Investment Research upgraded Insight Enterprises from a “hold” rating to a “strong-buy” rating and set a $62.00 price objective on the stock in a research report on Tuesday, February 19th. BidaskClub upgraded Insight Enterprises from a “buy” rating to a “strong-buy” rating in a report on Tuesday, February 12th. Finally, ValuEngine upgraded Insight Enterprises from a “sell” rating to a “hold” rating in a report on Wednesday, January 2nd.



Shares of NASDAQ:NSIT opened at $55.34 on Monday. Insight Enterprises, Inc. has a 52-week low of $33.10 and a 52-week high of $58.31. The company has a market capitalization of $1.96 billion, a P/E ratio of 11.95 and a beta of 1.17. The company has a current ratio of 1.52, a quick ratio of 1.43 and a debt-to-equity ratio of 0.20.

Insight Enterprises (NASDAQ:NSIT) last announced its quarterly earnings data on Thursday, February 14th. The software maker reported $1.32 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.12 by $0.20. Insight Enterprises had a return on equity of 17.90% and a net margin of 2.30%. The company had revenue of $1.75 billion for the quarter, compared to analysts’ expectations of $1.76 billion. During the same quarter in the prior year, the firm earned $0.81 earnings per share. Insight Enterprises’s revenue was down 2.0% compared to the same quarter last year. As a group, equities research analysts predict that Insight Enterprises, Inc. will post 4.79 earnings per share for the current fiscal year.

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Insight Enterprises Profile

Insight Enterprises, Inc provides information technology (IT) hardware, software, and service solutions for small and medium sized firms, enterprises, governments, schools, and health care organizations in the United States, Canada, Europe, the Middle East, Africa, and the Asia-Pacific. It sources, stages, configures, integrates, tests, deploys, and maintains its products spanning endpoints to infrastructure; and provides infrastructure management solutions.

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Institutional Ownership by Quarter for Insight Enterprises (NASDAQ:NSIT)

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