Blue Trust Inc. lifted its stake in shares of Insight Enterprises, Inc. (NASDAQ:NSIT – Free Report) by 25.8% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 677 shares of the software maker’s stock after buying an additional 139 shares during the quarter. Blue Trust Inc.’s holdings in Insight Enterprises were worth $103,000 at the end of the most recent reporting period.
A number of other large investors have also recently made changes to their positions in NSIT. GAMMA Investing LLC raised its position in shares of Insight Enterprises by 72.6% during the 3rd quarter. GAMMA Investing LLC now owns 780 shares of the software maker’s stock worth $168,000 after acquiring an additional 328 shares in the last quarter. Coldstream Capital Management Inc. purchased a new position in Insight Enterprises in the third quarter valued at approximately $203,000. Huntington National Bank raised its holdings in 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 in the last quarter. Iowa State Bank purchased a new stake in shares of Insight Enterprises during the 3rd quarter worth approximately $215,000. Finally, Atria Investments Inc purchased a new stake in shares of Insight Enterprises during the 3rd quarter worth approximately $215,000.
Insight Enterprises Stock Down 2.7 %
NSIT opened at $169.30 on Friday. The firm has a market cap of $5.38 billion, a P/E ratio of 21.30, a PEG ratio of 1.37 and a beta of 1.42. The business’s fifty day simple moving average is $161.62 and its 200 day simple moving average is $185.65. 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.
Analyst Upgrades and Downgrades
A number of analysts have recently commented on the company. Redburn Atlantic started coverage on Insight Enterprises in a research report on Friday, November 15th. They set a “buy” rating and a $220.00 target price on the stock. Barrington Research dropped their price target 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. Three analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $212.50.
Read Our Latest Analysis on NSIT
About Insight Enterprises
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.
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