1,700 Shares in Insight Enterprises, Inc. (NASDAQ:NSIT) Purchased by Point72 Asset Management L.P.

Point72 Asset Management L.P. acquired a new position in shares of Insight Enterprises, Inc. (NASDAQ:NSIT) during the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 1,700 shares of the software maker’s stock, valued at approximately $337,000.

Several other institutional investors and hedge funds have also recently bought and sold shares of the business. Opal Wealth Advisors LLC bought a new position in Insight Enterprises in the 2nd quarter worth about $38,000. GAMMA Investing LLC grew its position in Insight Enterprises by 32.7% in the 1st quarter. GAMMA Investing LLC now owns 288 shares of the software maker’s stock worth $53,000 after purchasing an additional 71 shares during the last quarter. EntryPoint Capital LLC bought a new position in Insight Enterprises in the 1st quarter worth about $89,000. Blue Trust Inc. grew its position in Insight Enterprises by 40.8% in the 2nd quarter. Blue Trust Inc. now owns 531 shares of the software maker’s stock worth $99,000 after purchasing an additional 154 shares during the last quarter. Finally, First Foundation Advisors bought a new position in shares of Insight Enterprises in the first quarter valued at approximately $195,000.

Insiders Place Their Bets

In related news, insider Jennifer M. Vasin sold 739 shares of the firm’s stock in a transaction that occurred on Monday, August 19th. The shares were sold at an average price of $206.03, for a total value of $152,256.17. Following the completion of the transaction, the insider now owns 5,460 shares of the company’s stock, valued at approximately $1,124,923.80. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 1.23% of the stock is currently owned by company insiders.

Insight Enterprises Trading Up 2.6 %

Insight Enterprises stock opened at $219.68 on Friday. The company has a debt-to-equity ratio of 0.36, a quick ratio of 1.19 and a current ratio of 1.22. The firm has a market cap of $7.15 billion, a price-to-earnings ratio of 27.63, a price-to-earnings-growth ratio of 1.65 and a beta of 1.45. Insight Enterprises, Inc. has a 1 year low of $139.34 and a 1 year high of $228.07. The firm’s 50 day moving average price is $205.74 and its two-hundred day moving average price is $199.93.

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). The business had revenue of $2.16 billion during 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 company’s quarterly revenue was down 8.0% compared to the same quarter last year. During the same quarter last year, the firm posted $2.56 EPS. On average, research analysts predict that Insight Enterprises, Inc. will post 10.68 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several research analysts have recently issued reports on the stock. Stifel Nicolaus increased their price objective on shares of Insight Enterprises from $192.00 to $200.00 and gave the company a “hold” rating in a report on Wednesday, July 17th. StockNews.com cut shares of Insight Enterprises from a “buy” rating to a “hold” rating in a report on Friday, July 5th. Barrington Research reiterated an “outperform” rating and issued a $225.00 price objective on shares of Insight Enterprises in a report on Friday, September 20th. Finally, JPMorgan Chase & Co. decreased their price objective 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.

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.