Pinnbrook Capital Management LP Buys New Shares in Insight Enterprises, Inc. $NSIT

Pinnbrook Capital Management LP bought a new position in shares of Insight Enterprises, Inc. (NASDAQ:NSIT) in the 2nd quarter, according to its most recent Form 13F filing with the SEC. The fund bought 20,800 shares of the software maker’s stock, valued at approximately $2,533,000.

Several other large investors also recently bought and sold shares of NSIT. BlackRock Inc. purchased a new position in shares of Insight Enterprises in the 2nd quarter valued at about $587,162,000. Norges Bank purchased a new stake in shares of Insight Enterprises during the fourth quarter worth approximately $36,209,000. Morgan Stanley increased its stake in shares of Insight Enterprises by 15.6% during the fourth quarter. Morgan Stanley now owns 2,681,920 shares of the software maker’s stock worth $218,496,000 after buying an additional 362,258 shares during the period. Paradigm Capital Management Inc. NY raised its holdings in Insight Enterprises by 35.9% in the fourth quarter. Paradigm Capital Management Inc. NY now owns 810,764 shares of the software maker’s stock valued at $66,053,000 after acquiring an additional 214,064 shares in the last quarter. Finally, Qube Research & Technologies Ltd lifted its stake in Insight Enterprises by 321.0% in the second quarter. Qube Research & Technologies Ltd now owns 237,201 shares of the software maker’s stock worth $32,754,000 after acquiring an additional 180,860 shares during the last quarter.

Insight Enterprises Price Performance

NSIT stock opened at $147.38 on Friday. The company has a market capitalization of $4.33 billion, a P/E ratio of 21.58, a PEG ratio of 1.07 and a beta of 1.07. Insight Enterprises, Inc. has a twelve month low of $63.62 and a twelve month high of $157.35. The business has a 50 day simple moving average of $125.77 and a 200-day simple moving average of $98.72. The company has a current ratio of 1.18, a quick ratio of 1.15 and a debt-to-equity ratio of 0.92.

Insight Enterprises (NASDAQ:NSIT) last announced its earnings results on Thursday, August 6th. The software maker reported $3.86 EPS for the quarter, beating analysts’ consensus estimates of $2.93 by $0.93. The business had revenue of $2.40 billion for the quarter, compared to analysts’ expectations of $2.18 billion. Insight Enterprises had a net margin of 2.45% and a return on equity of 22.70%. The company’s quarterly revenue was up 14.7% on a year-over-year basis. During the same period in the previous year, the company posted $2.45 EPS. Insight Enterprises has set its FY 2026 guidance at 12.200-12.700 EPS. As a group, equities analysts anticipate that Insight Enterprises, Inc. will post 11.5 EPS for the current year.

Wall Street Analysts Forecast Growth

NSIT has been the subject of several analyst reports. Barrington Research set a $180.00 price target on shares of Insight Enterprises in a report on Monday, August 10th. Zacks Research raised Insight Enterprises from a “hold” rating to a “strong-buy” rating in a report on Tuesday, July 7th. Weiss Ratings raised Insight Enterprises from a “hold (c-)” rating to a “hold (c)” rating in a report on Monday, August 3rd. Needham & Company LLC raised Insight Enterprises to an “overweight” rating in a research report on Wednesday, May 27th. Finally, Canaccord Genuity Group set a $75.00 price objective on Insight Enterprises in a report on Friday, May 8th. One equities research analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating and three have issued a Hold rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $147.50.

Insight Enterprises Company Profile

Insight Enterprises, Inc is a global technology provider headquartered in Tempe, Arizona. Founded in 1988, the company specializes in helping organizations harness the power of digital transformation by offering a comprehensive portfolio of IT hardware, software, cloud and licensing management solutions. Insight’s expertise spans across the full technology lifecycle, from initial strategy and consulting to implementation, integration and ongoing managed services.

At the core of Insight’s business are its consulting and professional services, which guide clients through complex technology environments and ensure optimal deployment of solutions.