Intech Investment Management LLC Increases Position in Insight Enterprises, Inc. (NASDAQ:NSIT)

Intech Investment Management LLC boosted its holdings in Insight Enterprises, Inc. (NASDAQ:NSIT) by 28.2% in the third quarter, according to its most recent Form 13F filing with the SEC. The fund owned 18,080 shares of the software maker’s stock after purchasing an additional 3,982 shares during the period. Intech Investment Management LLC owned about 0.06% of Insight Enterprises worth $3,894,000 at the end of the most recent reporting period.

Other hedge funds have also recently bought and sold shares of the company. Xponance Inc. boosted its stake in shares of Insight Enterprises by 2.5% during the 2nd quarter. Xponance Inc. now owns 2,114 shares of the software maker’s stock valued at $419,000 after buying an additional 52 shares during the last quarter. Tevis Investment Management raised its holdings in Insight Enterprises by 3.5% in the second quarter. Tevis Investment Management now owns 1,774 shares of the software maker’s stock valued at $352,000 after acquiring an additional 60 shares in the last quarter. One Wealth Advisors LLC raised its stake in shares of Insight Enterprises by 4.7% in the 3rd quarter. One Wealth Advisors LLC now owns 1,379 shares of the software maker’s stock valued at $297,000 after purchasing an additional 62 shares in the last quarter. Huntington National Bank lifted its position in shares of Insight Enterprises by 7.3% during the third quarter. Huntington National Bank now owns 995 shares of the software maker’s stock worth $214,000 after purchasing an additional 68 shares during the last quarter. Finally, Hanseatic Management Services Inc. grew its stake in Insight Enterprises by 1.8% in the second quarter. Hanseatic Management Services Inc. now owns 3,854 shares of the software maker’s stock worth $764,000 after purchasing an additional 69 shares in the last quarter.

Wall Street Analyst Weigh In

Several analysts have issued reports on NSIT shares. Barrington Research cut their price objective on Insight Enterprises from $225.00 to $205.00 and set an “outperform” rating on the stock in a research note on Monday, November 4th. Redburn Atlantic assumed coverage on Insight Enterprises in a research report on Friday, November 15th. They set a “buy” rating and a $220.00 price target on the stock. Finally, JPMorgan Chase & Co. decreased their price objective on shares of Insight Enterprises from $233.00 to $225.00 and set a “neutral” rating for the company in a report on Friday, August 2nd. Three investment analysts have rated the stock with a hold rating and two have issued a buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $212.50.

Insight Enterprises Stock Performance

Shares of NSIT stock opened at $151.11 on Friday. The company has a market cap of $4.80 billion, a P/E ratio of 19.01, a PEG ratio of 1.31 and a beta of 1.48. The business has a 50 day moving average of $196.66 and a two-hundred day moving average of $201.15. Insight Enterprises, Inc. has a 52 week low of $146.56 and a 52 week high of $228.07. The company has a quick ratio of 1.20, a current ratio of 1.24 and a debt-to-equity ratio of 0.43.

Insight Enterprises (NASDAQ:NSIT) last announced its quarterly earnings results on Thursday, October 31st. The software maker reported $2.19 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.37 by ($0.18). The company had revenue of $2.09 billion during the quarter, compared to the consensus estimate of $2.34 billion. Insight Enterprises had a return on equity of 19.71% and a net margin of 3.42%. The company’s revenue for the quarter was down 7.9% on a year-over-year basis. During the same period last year, the business posted $2.37 EPS. As a group, analysts anticipate that Insight Enterprises, Inc. will post 9.55 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.