EULAV Asset Management Boosts Holdings in Insight Enterprises, Inc. (NASDAQ:NSIT)

EULAV Asset Management lifted its stake in Insight Enterprises, Inc. (NASDAQ:NSIT) by 7.2% during the third quarter, HoldingsChannel reports. The institutional investor owned 49,879 shares of the software maker’s stock after acquiring an additional 3,359 shares during the period. EULAV Asset Management’s holdings in Insight Enterprises were worth $10,743,000 as of its most recent SEC filing.

A number of other large investors have also recently bought and sold shares of the business. Jennison Associates LLC acquired a new stake in Insight Enterprises during the 3rd quarter worth $637,000. Thrivent Financial for Lutherans boosted its stake in Insight Enterprises by 0.4% during the 3rd quarter. Thrivent Financial for Lutherans now owns 192,551 shares of the software maker’s stock worth $41,474,000 after purchasing an additional 709 shares during the period. Huntington National Bank boosted its stake in Insight Enterprises by 7.3% during the 3rd quarter. Huntington National Bank now owns 995 shares of the software maker’s stock worth $214,000 after purchasing an additional 68 shares during the period. Oppenheimer Asset Management Inc. acquired a new stake in Insight Enterprises during the 3rd quarter worth $227,000. Finally, Aigen Investment Management LP acquired a new stake in Insight Enterprises during the 3rd quarter worth $671,000.

Insight Enterprises Stock Performance

Shares of NSIT opened at $149.61 on Wednesday. The company has a 50-day simple moving average of $199.82 and a 200-day simple moving average of $202.22. The company has a quick ratio of 1.20, a current ratio of 1.24 and a debt-to-equity ratio of 0.43. The company has a market capitalization of $4.75 billion, a PE ratio of 18.82, a P/E/G ratio of 1.32 and a beta of 1.48. Insight Enterprises, Inc. has a 52-week low of $147.28 and a 52-week high of $228.07.

Insight Enterprises (NASDAQ:NSIT) last announced its quarterly earnings results on Thursday, October 31st. The software maker reported $2.19 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.37 by ($0.18). The company had revenue of $2.09 billion during the quarter, compared to analysts’ expectations of $2.34 billion. Insight Enterprises had a net margin of 3.42% and a return on equity of 19.71%. The business’s revenue for the quarter was down 7.9% compared to the same quarter last year. During the same quarter in the prior year, the business earned $2.37 EPS. Equities research analysts predict that Insight Enterprises, Inc. will post 9.55 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several analysts have recently commented on NSIT shares. Barrington Research reduced their target price on shares of Insight Enterprises from $225.00 to $205.00 and set an “outperform” rating for the company in a research note on Monday, November 4th. JPMorgan Chase & Co. reduced their target price on shares of Insight Enterprises from $233.00 to $225.00 and set a “neutral” rating for the company in a research note on Friday, August 2nd. Finally, Redburn Atlantic started coverage on shares of Insight Enterprises in a research note on Friday, November 15th. They issued a “buy” rating and a $220.00 target price for the company. Three analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $212.50.

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.