Insight Enterprises, Inc. (NASDAQ:NSIT) Shares Bought by Truvestments Capital LLC

Truvestments Capital LLC grew its stake in Insight Enterprises, Inc. (NASDAQ:NSITFree Report) by 11.5% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 3,013 shares of the software maker’s stock after purchasing an additional 310 shares during the period. Truvestments Capital LLC’s holdings in Insight Enterprises were worth $649,000 at the end of the most recent reporting period.

Other large investors have also modified their holdings of the company. CANADA LIFE ASSURANCE Co increased its position in Insight Enterprises by 17.0% during the 1st quarter. CANADA LIFE ASSURANCE Co now owns 27,251 shares of the software maker’s stock worth $5,050,000 after purchasing an additional 3,956 shares during the period. Caxton Associates LP purchased a new position in Insight Enterprises in the first quarter worth $939,000. Comerica Bank lifted its holdings in Insight Enterprises by 2.7% in the first quarter. Comerica Bank now owns 43,859 shares of the software maker’s stock valued at $8,137,000 after acquiring an additional 1,143 shares during the period. Untitled Investments LP purchased a new stake in shares of Insight Enterprises during the 1st quarter worth $1,129,000. Finally, EULAV Asset Management grew its stake in shares of Insight Enterprises by 39.8% during the 1st quarter. EULAV Asset Management now owns 40,821 shares of the software maker’s stock worth $7,573,000 after purchasing an additional 11,621 shares during the period.

Analyst Ratings Changes

NSIT has been the subject of several recent analyst reports. 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 note on Monday, November 4th. JPMorgan Chase & Co. reduced their price target on shares of Insight Enterprises from $233.00 to $225.00 and set a “neutral” rating for the company in a research report on Friday, August 2nd. Finally, Redburn Atlantic initiated coverage on Insight Enterprises in a report on Friday, November 15th. They issued a “buy” rating and a $220.00 price target on the stock. Three investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. According to MarketBeat.com, Insight Enterprises presently has an average rating of “Hold” and a consensus target price of $212.50.

View Our Latest Report on NSIT

Insight Enterprises Price Performance

Insight Enterprises stock opened at $151.30 on Monday. 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 firm’s 50-day simple moving average is $196.66 and its 200 day simple moving average is $201.17. Insight Enterprises, Inc. has a 52 week low of $146.56 and a 52 week high of $228.07. The firm has a market capitalization of $4.81 billion, a PE ratio of 19.01, a P/E/G ratio of 1.32 and a beta of 1.48.

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

About Insight Enterprises

(Free Report)

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.

See Also

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Institutional Ownership by Quarter for Insight Enterprises (NASDAQ:NSIT)

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