Insight Enterprises, Inc. (NASDAQ:NSIT) Shares Acquired by Truvestments Capital LLC

Truvestments Capital LLC raised its stake in Insight Enterprises, Inc. (NASDAQ:NSIT) by 11.5% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 3,013 shares of the software maker’s stock after purchasing an additional 310 shares during the period. Truvestments Capital LLC’s holdings in Insight Enterprises were worth $649,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also made changes to their positions in the company. Opal Wealth Advisors LLC acquired a new position in Insight Enterprises during the 2nd quarter worth approximately $38,000. GAMMA Investing LLC grew its stake in shares of 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 purchasing an additional 164 shares in the last quarter. Blue Trust Inc. grew its stake in shares of Insight Enterprises by 40.8% during the second quarter. Blue Trust Inc. now owns 531 shares of the software maker’s stock worth $99,000 after purchasing an additional 154 shares in the last quarter. Ausbil Investment Management Ltd purchased a new position in Insight Enterprises in the second quarter valued at $195,000. Finally, Fifth Third Wealth Advisors LLC acquired a new stake in Insight Enterprises in the second quarter valued at $200,000.

Insight Enterprises Trading Up 0.1 %

NASDAQ:NSIT opened at $151.30 on Monday. 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, Inc. has a 52-week low of $146.56 and a 52-week high of $228.07. The stock’s 50 day moving average price is $196.66 and its 200 day moving average price is $201.17. The company has a market capitalization of $4.81 billion, a PE ratio of 19.01, a P/E/G ratio of 1.32 and a beta of 1.48.

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

Wall Street Analyst Weigh In

A number of research firms have recently commented on NSIT. Barrington Research dropped their price objective on Insight Enterprises from $225.00 to $205.00 and set an “outperform” rating on the stock in a report on Monday, November 4th. JPMorgan Chase & Co. dropped their price target on shares of Insight Enterprises from $233.00 to $225.00 and set a “neutral” rating on the stock in a research note on Friday, August 2nd. Finally, Redburn Atlantic started coverage on shares of Insight Enterprises in a report on Friday, November 15th. They set a “buy” rating and a $220.00 price objective on the stock. Three analysts have rated the stock with a hold rating and two have given a buy rating to the company. Based on data from MarketBeat, Insight Enterprises presently has an average rating of “Hold” and a consensus price target of $212.50.

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.