Insight Enterprises, Inc. (NASDAQ:NSIT) Shares Bought by EULAV Asset Management

EULAV Asset Management raised its position in Insight Enterprises, Inc. (NASDAQ:NSIT) by 7.2% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 49,879 shares of the software maker’s stock after purchasing an additional 3,359 shares during the quarter. EULAV Asset Management owned about 0.16% of Insight Enterprises worth $10,743,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Opal Wealth Advisors LLC acquired a new position in shares of Insight Enterprises in the 2nd quarter worth approximately $38,000. EntryPoint Capital LLC purchased a new stake in Insight Enterprises during the 1st quarter worth approximately $89,000. GAMMA Investing LLC increased its stake in Insight Enterprises by 56.9% during the 2nd quarter. GAMMA Investing LLC now owns 452 shares of the software maker’s stock worth $90,000 after buying an additional 164 shares during the period. Blue Trust Inc. increased its stake in Insight Enterprises by 40.8% during the 2nd quarter. Blue Trust Inc. now owns 531 shares of the software maker’s stock worth $99,000 after buying an additional 154 shares during the period. Finally, Ausbil Investment Management Ltd purchased a new stake in Insight Enterprises during the 2nd quarter worth approximately $195,000.

Insight Enterprises Trading Down 0.3 %

Shares of NASDAQ:NSIT opened at $149.61 on Wednesday. Insight Enterprises, Inc. has a 52 week low of $147.28 and a 52 week high of $228.07. The company’s 50 day moving average is $199.82 and its two-hundred day moving average is $202.22. 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 company has a market cap of $4.75 billion, a PE ratio of 18.82, a P/E/G ratio of 1.32 and a beta of 1.48.

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

Analyst Upgrades and Downgrades

Several equities research analysts recently weighed in on the stock. JPMorgan Chase & Co. cut their target price 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. Redburn Atlantic assumed coverage on shares of Insight Enterprises in a research note on Friday, November 15th. They set a “buy” rating and a $220.00 target price on the stock. Finally, Barrington Research cut their target price on shares of Insight Enterprises from $225.00 to $205.00 and set an “outperform” rating on the stock in a research note on Monday, November 4th. Three research analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price 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.