Summit Trail Advisors LLC Has $859,000 Holdings in Insight Enterprises, Inc. (NASDAQ:NSIT)

Summit Trail Advisors LLC increased its holdings in shares of Insight Enterprises, Inc. (NASDAQ:NSIT) by 51.8% during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 4,333 shares of the software maker’s stock after acquiring an additional 1,479 shares during the period. Summit Trail Advisors LLC’s holdings in Insight Enterprises were worth $859,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Norges Bank bought a new stake in shares of Insight Enterprises during the fourth quarter worth $58,687,000. PNC Financial Services Group Inc. grew its holdings in Insight Enterprises by 119.3% during the 4th quarter. PNC Financial Services Group Inc. now owns 4,882 shares of the software maker’s stock worth $865,000 after acquiring an additional 2,656 shares during the last quarter. Assetmark Inc. increased its position in Insight Enterprises by 6.3% in the 4th quarter. Assetmark Inc. now owns 11,860 shares of the software maker’s stock valued at $2,101,000 after acquiring an additional 700 shares in the last quarter. TFO Wealth Partners LLC raised its stake in shares of Insight Enterprises by 86,050.0% in the fourth quarter. TFO Wealth Partners LLC now owns 1,723 shares of the software maker’s stock worth $305,000 after acquiring an additional 1,721 shares during the last quarter. Finally, Paulson Wealth Management Inc. acquired a new position in shares of Insight Enterprises during the fourth quarter worth approximately $204,000.

Insiders Place Their Bets

In other news, insider Jennifer M. Vasin sold 739 shares of the company’s stock in a transaction dated Monday, August 19th. The stock was sold at an average price of $206.03, for a total value of $152,256.17. Following the completion of the sale, the insider now directly owns 5,460 shares of the company’s stock, valued at approximately $1,124,923.80. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Company insiders own 1.23% of the company’s stock.

Analyst Upgrades and Downgrades

NSIT has been the subject of a number of research reports. JPMorgan Chase & Co. lowered their price target on shares of Insight Enterprises from $233.00 to $225.00 and set a “neutral” rating for the company in a report on Friday, August 2nd. Stifel Nicolaus boosted their target price on Insight Enterprises from $192.00 to $200.00 and gave the stock a “hold” rating in a research report on Wednesday, July 17th. StockNews.com lowered Insight Enterprises from a “buy” rating to a “hold” rating in a research note on Friday, July 5th. Finally, Barrington Research reiterated an “outperform” rating and issued a $225.00 price objective on shares of Insight Enterprises in a research report on Friday.

Insight Enterprises Price Performance

Shares of NSIT stock opened at $213.84 on Monday. The firm’s 50 day moving average price is $206.68 and its two-hundred day moving average price is $198.09. The company has a debt-to-equity ratio of 0.36, a quick ratio of 1.19 and a current ratio of 1.22. Insight Enterprises, Inc. has a 52-week low of $139.34 and a 52-week high of $228.07. The stock has a market cap of $6.96 billion, a PE ratio of 26.90, a PEG ratio of 1.54 and a beta of 1.46.

Insight Enterprises (NASDAQ:NSIT) last posted its quarterly 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). Insight Enterprises had a return on equity of 20.38% and a net margin of 3.38%. The company had revenue of $2.16 billion during the quarter, compared to the consensus estimate of $2.47 billion. During the same quarter in the prior year, the business earned $2.56 earnings per share. The firm’s revenue for the quarter was down 8.0% on a year-over-year basis. As a group, analysts forecast that Insight Enterprises, Inc. will post 10.68 EPS for the current year.

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.