Blueshift Asset Management LLC Acquires New Shares in Insight Enterprises, Inc. (NASDAQ:NSIT)

Blueshift Asset Management LLC bought a new position in shares of Insight Enterprises, Inc. (NASDAQ:NSIT) during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 1,545 shares of the software maker’s stock, valued at approximately $333,000.

Other large investors also recently bought and sold shares of the company. Opal Wealth Advisors LLC acquired a new position in shares of Insight Enterprises during the 2nd quarter worth $38,000. GAMMA Investing LLC raised its position in Insight Enterprises by 56.9% during the second quarter. GAMMA Investing LLC now owns 452 shares of the software maker’s stock worth $90,000 after acquiring an additional 164 shares during the last quarter. Blue Trust Inc. lifted its holdings in shares of Insight Enterprises by 40.8% in the second quarter. Blue Trust Inc. now owns 531 shares of the software maker’s stock valued at $99,000 after purchasing an additional 154 shares in the last quarter. Ausbil Investment Management Ltd acquired a new stake in shares of Insight Enterprises in the second quarter valued at approximately $195,000. Finally, Huntington National Bank grew its position in shares of Insight Enterprises by 7.3% in the third quarter. Huntington National Bank now owns 995 shares of the software maker’s stock valued at $214,000 after purchasing an additional 68 shares during the last quarter.

Insight Enterprises Stock Performance

NASDAQ:NSIT opened at $156.28 on Friday. Insight Enterprises, Inc. has a twelve month low of $146.56 and a twelve month high of $228.07. The firm has a market capitalization of $4.96 billion, a price-to-earnings ratio of 19.66, a PEG ratio of 1.36 and a beta of 1.48. The company has a current ratio of 1.24, a quick ratio of 1.20 and a debt-to-equity ratio of 0.43. The firm’s fifty day simple moving average is $193.31 and its 200 day simple moving average is $200.16.

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

Wall Street Analyst Weigh In

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

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.