Insight Enterprises, Inc. (NASDAQ:NSIT) Short Interest Update

Insight Enterprises, Inc. (NASDAQ:NSIT) saw a large growth in short interest in the month of March. As of March 15th, there was short interest totalling 1,670,000 shares, a growth of 36.9% from the February 28th total of 1,220,000 shares. Based on an average daily volume of 410,300 shares, the days-to-cover ratio is currently 4.1 days. Currently, 5.3% of the company’s shares are sold short.

Institutional Trading of Insight Enterprises

Hedge funds have recently bought and sold shares of the stock. Baron Wealth Management LLC boosted its position in Insight Enterprises by 3.8% during the fourth quarter. Baron Wealth Management LLC now owns 1,570 shares of the software maker’s stock valued at $239,000 after purchasing an additional 58 shares in the last quarter. NewEdge Advisors LLC boosted its holdings in shares of Insight Enterprises by 32.8% in the 4th quarter. NewEdge Advisors LLC now owns 255 shares of the software maker’s stock valued at $39,000 after buying an additional 63 shares in the last quarter. Quantinno Capital Management LP grew its position in shares of Insight Enterprises by 2.0% in the 3rd quarter. Quantinno Capital Management LP now owns 3,456 shares of the software maker’s stock worth $744,000 after buying an additional 68 shares during the last quarter. J.Safra Asset Management Corp raised its stake in shares of Insight Enterprises by 40.8% during the 4th quarter. J.Safra Asset Management Corp now owns 245 shares of the software maker’s stock worth $37,000 after acquiring an additional 71 shares in the last quarter. Finally, Cornerstone Investment Partners LLC lifted its position in Insight Enterprises by 5.8% during the fourth quarter. Cornerstone Investment Partners LLC now owns 1,371 shares of the software maker’s stock valued at $209,000 after acquiring an additional 75 shares during the last quarter.

Insight Enterprises Price Performance

Shares of NSIT stock opened at $147.00 on Wednesday. Insight Enterprises has a twelve month low of $145.16 and a twelve month high of $228.07. The company has a current ratio of 1.18, a quick ratio of 1.15 and a debt-to-equity ratio of 0.30. The stock has a fifty day simple moving average of $161.14 and a two-hundred day simple moving average of $172.71. The stock has a market capitalization of $4.67 billion, a price-to-earnings ratio of 22.55, a P/E/G ratio of 1.40 and a beta of 1.40.

Insight Enterprises (NASDAQ:NSIT) last issued its earnings results on Thursday, February 6th. The software maker reported $2.66 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.53 by $0.13. Insight Enterprises had a net margin of 2.87% and a return on equity of 18.95%. During the same quarter in the previous year, the business posted $2.98 EPS. On average, analysts predict that Insight Enterprises will post 9.89 EPS for the current fiscal 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.