KBC Group NV Buys 491 Shares of Insight Enterprises, Inc. (NASDAQ:NSIT)

KBC Group NV lifted its position in Insight Enterprises, Inc. (NASDAQ:NSIT) by 71.6% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,177 shares of the software maker’s stock after buying an additional 491 shares during the quarter. KBC Group NV’s holdings in Insight Enterprises were worth $179,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in the company. Geode Capital Management LLC grew its position in shares of Insight Enterprises by 1.7% in the 3rd quarter. Geode Capital Management LLC now owns 659,483 shares of the software maker’s stock valued at $142,073,000 after acquiring an additional 10,711 shares during the period. Charles Schwab Investment Management Inc. lifted its stake in Insight Enterprises by 30.1% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 368,951 shares of the software maker’s stock valued at $79,468,000 after purchasing an additional 85,428 shares during the last quarter. Hennessy Advisors Inc. bought a new position in Insight Enterprises during the fourth quarter worth about $39,242,000. Thrivent Financial for Lutherans increased its position in Insight Enterprises by 0.4% during the third quarter. Thrivent Financial for Lutherans now owns 192,551 shares of the software maker’s stock worth $41,474,000 after buying an additional 709 shares during the last quarter. Finally, Wellington Management Group LLP raised its stake in Insight Enterprises by 14.6% in the third quarter. Wellington Management Group LLP now owns 163,400 shares of the software maker’s stock valued at $35,195,000 after buying an additional 20,851 shares during the period.

Insight Enterprises Price Performance

Insight Enterprises stock opened at $174.00 on Thursday. The company has a market capitalization of $5.53 billion, a price-to-earnings ratio of 21.89, a PEG ratio of 1.37 and a beta of 1.42. The company has a current ratio of 1.24, a quick ratio of 1.20 and a debt-to-equity ratio of 0.43. Insight Enterprises, Inc. has a 12 month low of $146.56 and a 12 month high of $228.07. The stock’s 50 day moving average is $161.36 and its 200-day moving average is $185.77.

Analyst Ratings Changes

Several research analysts have recently commented on NSIT shares. Redburn Atlantic initiated coverage on Insight Enterprises in a research note on Friday, November 15th. They set a “buy” rating and a $220.00 target price for the company. Barrington Research reduced their price objective on shares of Insight Enterprises from $225.00 to $205.00 and set an “outperform” rating for the company in a research report on Monday, November 4th. Three investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $212.50.

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.