Barclays PLC raised its position in Insight Enterprises, Inc. (NASDAQ:NSIT - Free Report) by 178.3% in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 56,402 shares of the software maker's stock after acquiring an additional 36,132 shares during the period. Barclays PLC owned approximately 0.18% of Insight Enterprises worth $12,150,000 as of its most recent filing with the Securities & Exchange Commission.
Other institutional investors and hedge funds have also bought and sold shares of the company. Blue Trust Inc. boosted its position in shares of Insight Enterprises by 40.8% in the 2nd quarter. Blue Trust Inc. now owns 531 shares of the software maker's stock worth $99,000 after purchasing an additional 154 shares in the last quarter. GAMMA Investing LLC boosted its holdings in Insight Enterprises by 72.6% in the third quarter. GAMMA Investing LLC now owns 780 shares of the software maker's stock worth $168,000 after acquiring an additional 328 shares in the last quarter. Ausbil Investment Management Ltd purchased a new stake in shares of Insight Enterprises during the second quarter worth about $195,000. Fifth Third Wealth Advisors LLC purchased a new stake in shares of Insight Enterprises during the second quarter worth about $200,000. Finally, Huntington National Bank increased its holdings in shares of Insight Enterprises by 7.3% during the third quarter. Huntington National Bank now owns 995 shares of the software maker's stock valued at $214,000 after acquiring an additional 68 shares in the last quarter.
NSIT has been the subject of a number of recent analyst reports. Barrington Research lowered 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. Redburn Atlantic initiated coverage on shares of Insight Enterprises in a report on Friday, November 15th. They issued a "buy" rating and a $220.00 price target for the company. Three equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. Based on data from MarketBeat, Insight Enterprises presently has an average rating of "Hold" and an average price target of $212.50.
Get Our Latest Stock Analysis on NSIT
Shares of NSIT stock opened at $158.94 on Monday. The company has a debt-to-equity ratio of 0.43, a quick ratio of 1.20 and a current ratio of 1.24. Insight Enterprises, Inc. has a fifty-two week low of $146.56 and a fifty-two week high of $228.07. The firm has a market capitalization of $5.05 billion, a PE ratio of 19.99, a P/E/G ratio of 1.42 and a beta of 1.42. The stock's 50-day simple moving average is $180.70 and its 200-day simple moving average is $196.22.
Insight Enterprises (NASDAQ:NSIT - Get Free Report) last issued its quarterly earnings results on Thursday, October 31st. The software maker reported $2.19 earnings per share for the quarter, missing the consensus estimate of $2.37 by ($0.18). Insight Enterprises had a return on equity of 19.71% and a net margin of 3.42%. The business had revenue of $2.09 billion during the quarter, compared to analyst estimates of $2.34 billion. During the same quarter last year, the company posted $2.37 EPS. Insight Enterprises's quarterly revenue was down 7.9% compared to the same quarter last year. Equities analysts expect that Insight Enterprises, Inc. will post 9.55 earnings per share for the current year.
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.
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