Insight Enterprises, Inc. (NASDAQ:NSIT) Stock Position Raised by Assetmark Inc.

Assetmark Inc. lifted its position in Insight Enterprises, Inc. (NASDAQ:NSIT) by 6.3% in the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 11,860 shares of the software maker’s stock after acquiring an additional 700 shares during the quarter. Assetmark Inc.’s holdings in Insight Enterprises were worth $2,101,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Vanguard Personalized Indexing Management LLC lifted its position in Insight Enterprises by 22.7% in the 3rd quarter. Vanguard Personalized Indexing Management LLC now owns 5,902 shares of the software maker’s stock worth $859,000 after buying an additional 1,093 shares in the last quarter. Vanguard Group Inc. lifted its position in Insight Enterprises by 6.4% in the 3rd quarter. Vanguard Group Inc. now owns 4,111,475 shares of the software maker’s stock worth $598,220,000 after buying an additional 245,814 shares in the last quarter. Vaughan Nelson Investment Management L.P. lifted its position in Insight Enterprises by 3.8% in the 4th quarter. Vaughan Nelson Investment Management L.P. now owns 635,345 shares of the software maker’s stock worth $112,577,000 after buying an additional 23,085 shares in the last quarter. 13D Management LLC lifted its position in Insight Enterprises by 11.6% in the 3rd quarter. 13D Management LLC now owns 83,953 shares of the software maker’s stock worth $12,215,000 after buying an additional 8,721 shares in the last quarter. Finally, Pacer Advisors Inc. lifted its position in Insight Enterprises by 53.1% in the 4th quarter. Pacer Advisors Inc. now owns 712,197 shares of the software maker’s stock worth $126,194,000 after buying an additional 247,049 shares in the last quarter.

Insight Enterprises Stock Up 0.2 %

Insight Enterprises stock opened at $208.35 on Friday. The company has a market capitalization of $6.78 billion, a P/E ratio of 26.21, a P/E/G ratio of 1.61 and a beta of 1.50. The firm’s fifty day simple moving average is $190.41 and its 200-day simple moving average is $180.75. The company has a current ratio of 1.27, a quick ratio of 1.22 and a debt-to-equity ratio of 0.31. Insight Enterprises, Inc. has a 1-year low of $131.49 and a 1-year high of $212.44.

Insight Enterprises (NASDAQ:NSIT) last posted its earnings results on Thursday, May 2nd. The software maker reported $2.37 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.82 by $0.55. Insight Enterprises had a net margin of 3.23% and a return on equity of 21.34%. The business had revenue of $2.38 billion for the quarter, compared to analyst estimates of $2.30 billion. During the same period last year, the business posted $1.78 EPS. Insight Enterprises’s revenue was up 2.4% compared to the same quarter last year. Sell-side analysts forecast that Insight Enterprises, Inc. will post 10.78 earnings per share for the current fiscal year.

Insider Activity at Insight Enterprises

In related news, CEO Joyce A. Mullen sold 10,000 shares of the firm’s stock in a transaction on Thursday, May 9th. The shares were sold at an average price of $201.08, for a total value of $2,010,800.00. Following the transaction, the chief executive officer now directly owns 40,807 shares in the company, valued at approximately $8,205,471.56. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In other Insight Enterprises news, insider Samuel C. Cowley sold 7,278 shares of the firm’s stock in a transaction on Tuesday, February 27th. The shares were sold at an average price of $187.62, for a total value of $1,365,498.36. Following the sale, the insider now directly owns 23,009 shares in the company, valued at approximately $4,316,948.58. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Joyce A. Mullen sold 10,000 shares of Insight Enterprises stock in a transaction dated Thursday, May 9th. The shares were sold at an average price of $201.08, for a total transaction of $2,010,800.00. Following the sale, the chief executive officer now owns 40,807 shares in the company, valued at $8,205,471.56. The disclosure for this sale can be found here. In the last three months, insiders have sold 27,278 shares of company stock worth $5,229,698. 1.23% of the stock is owned by insiders.

Analyst Ratings Changes

A number of equities research analysts have issued reports on NSIT shares. Stifel Nicolaus increased their target price on shares of Insight Enterprises from $170.00 to $192.00 and gave the stock a “hold” rating in a research report on Monday, April 15th. StockNews.com downgraded shares of Insight Enterprises from a “buy” rating to a “hold” rating in a report on Saturday, May 11th. Barrington Research raised their price target on shares of Insight Enterprises from $211.00 to $225.00 and gave the company an “outperform” rating in a report on Thursday, May 9th. Finally, JPMorgan Chase & Co. raised their price target on shares of Insight Enterprises from $193.00 to $195.00 and gave the company a “neutral” rating in a report on Friday, May 3rd.

Insight Enterprises 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.