Bokf Na Invests $622,000 in Insight Enterprises, Inc. (NASDAQ:NSIT)

Bokf Na acquired a new position in Insight Enterprises, Inc. (NASDAQ:NSIT) during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 3,135 shares of the software maker’s stock, valued at approximately $622,000.

Other institutional investors have also made changes to their positions in the company. Opal Wealth Advisors LLC bought a new stake in shares of Insight Enterprises in the second quarter worth $38,000. GAMMA Investing LLC grew its position in shares of Insight Enterprises by 32.7% in the 1st quarter. GAMMA Investing LLC now owns 288 shares of the software maker’s stock valued at $53,000 after acquiring an additional 71 shares during the period. EntryPoint Capital LLC acquired a new position in shares of Insight Enterprises during the 1st quarter worth about $89,000. Blue Trust Inc. raised its holdings in shares of Insight Enterprises by 40.8% in the 2nd quarter. Blue Trust Inc. now owns 531 shares of the software maker’s stock valued at $99,000 after purchasing an additional 154 shares during the period. Finally, Ausbil Investment Management Ltd acquired a new stake in Insight Enterprises in the 2nd quarter valued at about $195,000.

Insiders Place Their Bets

In other Insight Enterprises news, insider Jennifer M. Vasin sold 739 shares of the firm’s stock in a transaction on Monday, August 19th. The stock was sold at an average price of $206.03, for a total transaction of $152,256.17. Following the transaction, the insider now owns 5,460 shares in the company, valued at approximately $1,124,923.80. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Corporate insiders own 1.23% of the company’s stock.

Insight Enterprises Price Performance

Shares of NASDAQ NSIT opened at $208.71 on Monday. The firm has a market cap of $6.80 billion, a P/E ratio of 26.25, a price-to-earnings-growth ratio of 1.54 and a beta of 1.46. The company has a current ratio of 1.22, a quick ratio of 1.19 and a debt-to-equity ratio of 0.36. Insight Enterprises, Inc. has a 1-year low of $139.34 and a 1-year high of $228.07. The business’s 50 day moving average is $205.34 and its 200-day moving average is $197.15.

Insight Enterprises (NASDAQ:NSIT) last announced its earnings results on Thursday, August 1st. The software maker reported $2.46 earnings per share for the quarter, missing analysts’ consensus estimates of $2.82 by ($0.36). Insight Enterprises had a return on equity of 20.38% and a net margin of 3.38%. The firm had revenue of $2.16 billion for the quarter, compared to the consensus estimate of $2.47 billion. During the same quarter last year, the business posted $2.56 EPS. Insight Enterprises’s revenue for the quarter was down 8.0% on a year-over-year basis. Equities research analysts predict that Insight Enterprises, Inc. will post 10.68 earnings per share for the current year.

Wall Street Analyst Weigh In

Several analysts have issued reports on NSIT shares. JPMorgan Chase & Co. dropped their price objective on Insight Enterprises from $233.00 to $225.00 and set a “neutral” rating on the stock in a research note on Friday, August 2nd. Stifel Nicolaus increased their price target on Insight Enterprises from $192.00 to $200.00 and gave the company a “hold” rating in a research note on Wednesday, July 17th. StockNews.com cut shares of Insight Enterprises from a “buy” rating to a “hold” rating in a research report on Friday, July 5th. Finally, Barrington Research reissued an “outperform” rating and issued a $225.00 price objective on shares of Insight Enterprises in a research report on Monday, August 5th.

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.