Smartleaf Asset Management LLC Purchases 374 Shares of Insight Enterprises, Inc. (NASDAQ:NSIT)

Smartleaf Asset Management LLC increased its position in Insight Enterprises, Inc. (NASDAQ:NSIT) by 287.7% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 504 shares of the software maker’s stock after buying an additional 374 shares during the quarter. Smartleaf Asset Management LLC’s holdings in Insight Enterprises were worth $76,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Geode Capital Management LLC lifted its holdings in Insight Enterprises by 1.7% in the 3rd quarter. Geode Capital Management LLC now owns 659,483 shares of the software maker’s stock worth $142,073,000 after buying an additional 10,711 shares during the period. EULAV Asset Management raised its holdings in shares of Insight Enterprises by 7.2% during the third quarter. EULAV Asset Management now owns 49,879 shares of the software maker’s stock valued at $10,743,000 after acquiring an additional 3,359 shares in the last quarter. Alberta Investment Management Corp purchased a new stake in Insight Enterprises in the fourth quarter worth $2,494,000. Principal Financial Group Inc. boosted its holdings in Insight Enterprises by 1.2% in the fourth quarter. Principal Financial Group Inc. now owns 143,544 shares of the software maker’s stock valued at $21,833,000 after acquiring an additional 1,653 shares in the last quarter. Finally, Barclays PLC increased its position in Insight Enterprises by 178.3% during the 3rd quarter. Barclays PLC now owns 56,402 shares of the software maker’s stock valued at $12,150,000 after purchasing an additional 36,132 shares during the period.

Insight Enterprises Trading Up 2.3 %

NSIT opened at $156.31 on Monday. The stock has a market cap of $4.97 billion, a PE ratio of 23.97, a PEG ratio of 1.40 and a beta of 1.40. The business has a 50 day moving average of $162.58 and a 200-day moving average of $179.13. 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 1.15, a current ratio of 1.18 and a debt-to-equity ratio of 0.30.

Insight Enterprises (NASDAQ:NSIT) last announced its quarterly earnings data on Thursday, February 6th. The software maker reported $2.66 EPS for the quarter, beating the consensus estimate of $2.53 by $0.13. Insight Enterprises had a return on equity of 18.95% and a net margin of 2.87%. During the same quarter last year, the company earned $2.98 earnings per share. Equities research analysts predict that Insight Enterprises, Inc. will post 9.89 earnings per share for the current fiscal year.

Analyst Ratings Changes

Separately, Redburn Atlantic initiated coverage on shares of Insight Enterprises in a research report on Friday, November 15th. They issued a “buy” rating and a $220.00 target price for the company. Three equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average 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.