Choreo LLC Makes New Investment in Insight Enterprises, Inc. (NASDAQ:NSIT)

Choreo LLC acquired a new stake in Insight Enterprises, Inc. (NASDAQ:NSIT) in the second quarter, according to the company in its most recent Form 13F filing with the SEC. The firm acquired 1,965 shares of the software maker’s stock, valued at approximately $389,000.

Several other institutional investors also recently modified their holdings of NSIT. Opal Wealth Advisors LLC acquired a new stake in Insight Enterprises during the 2nd quarter valued at $38,000. GAMMA Investing LLC boosted its holdings in shares of Insight Enterprises by 32.7% during the 1st quarter. GAMMA Investing LLC now owns 288 shares of the software maker’s stock worth $53,000 after buying an additional 71 shares during the period. EntryPoint Capital LLC acquired a new position in Insight Enterprises in the 1st quarter valued at about $89,000. Blue Trust Inc. grew its stake in 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 buying an additional 154 shares during the last quarter. Finally, First Foundation Advisors bought a new position in Insight Enterprises in the 1st quarter valued at about $195,000.

Insider Buying and Selling at Insight Enterprises

In related news, insider Jennifer M. Vasin sold 739 shares of the stock in a transaction that occurred on Monday, August 19th. The shares were sold at an average price of $206.03, for a total transaction of $152,256.17. Following the sale, the insider now owns 5,460 shares in the company, valued at approximately $1,124,923.80. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 1.23% of the company’s stock.

Insight Enterprises Trading Up 1.7 %

Shares of NASDAQ:NSIT opened at $212.17 on Tuesday. The company has a market capitalization of $6.91 billion, a P/E ratio of 26.69, a P/E/G ratio of 1.54 and a beta of 1.46. The company has a debt-to-equity ratio of 0.36, a current ratio of 1.22 and a quick ratio of 1.19. The business’s 50 day simple moving average is $205.34 and its 200 day simple moving average is $197.23. Insight Enterprises, Inc. has a 1 year low of $139.34 and a 1 year high of $228.07.

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

Wall Street Analysts Forecast Growth

Several equities analysts have recently commented on NSIT shares. StockNews.com downgraded Insight Enterprises from a “buy” rating to a “hold” rating in a research report on Friday, July 5th. Stifel Nicolaus upped their price objective on Insight Enterprises from $192.00 to $200.00 and gave the company a “hold” rating in a report on Wednesday, July 17th. Barrington Research reissued an “outperform” rating and set a $225.00 target price on shares of Insight Enterprises in a report on Monday, August 5th. Finally, JPMorgan Chase & Co. decreased 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.

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.