Parametric Portfolio Associates LLC Buys 14,136 Shares of Insight Enterprises, Inc. (NASDAQ:NSIT)

Parametric Portfolio Associates LLC grew its stake in Insight Enterprises, Inc. (NASDAQ:NSIT) by 8.7% in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 176,108 shares of the software maker’s stock after purchasing an additional 14,136 shares during the period. Parametric Portfolio Associates LLC owned approximately 0.51% of Insight Enterprises worth $17,613,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of NSIT. First Trust Advisors LP lifted its stake in shares of Insight Enterprises by 15.3% in the 1st quarter. First Trust Advisors LP now owns 32,106 shares of the software maker’s stock valued at $1,768,000 after purchasing an additional 4,250 shares during the last quarter. Ameriprise Financial Inc. lifted its stake in shares of Insight Enterprises by 2.0% during the 1st quarter. Ameriprise Financial Inc. now owns 168,575 shares of the software maker’s stock worth $16,086,000 after acquiring an additional 3,380 shares during the last quarter. Eaton Vance Management bought a new stake in shares of Insight Enterprises during the 1st quarter worth approximately $28,000. Virtu Financial LLC bought a new stake in shares of Insight Enterprises during the 1st quarter worth approximately $471,000. Finally, State of Alaska Department of Revenue lifted its stake in shares of Insight Enterprises by 2.9% during the 2nd quarter. State of Alaska Department of Revenue now owns 24,445 shares of the software maker’s stock worth $2,444,000 after acquiring an additional 680 shares during the last quarter.

In other news, insider Rachael Ann Bertrandt Crump sold 600 shares of Insight Enterprises stock in a transaction on Friday, August 27th. The stock was sold at an average price of $100.91, for a total value of $60,546.00. Following the transaction, the insider now directly owns 1,781 shares in the company, valued at approximately $179,720.71. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Kenneth T. Lamneck sold 1,000 shares of Insight Enterprises stock in a transaction on Monday, November 1st. The shares were sold at an average price of $97.00, for a total value of $97,000.00. The disclosure for this sale can be found here. Insiders have sold a total of 27,832 shares of company stock worth $2,889,407 over the last 90 days. 2.10% of the stock is currently owned by company insiders.

NSIT opened at $104.43 on Thursday. The stock’s fifty day moving average is $96.32 and its two-hundred day moving average is $98.58. The company has a market capitalization of $3.64 billion, a P/E ratio of 18.10, a PEG ratio of 1.25 and a beta of 1.81. Insight Enterprises, Inc. has a 52 week low of $71.00 and a 52 week high of $107.86. The company has a quick ratio of 1.42, a current ratio of 1.55 and a debt-to-equity ratio of 0.36.

Insight Enterprises (NASDAQ:NSIT) last released its quarterly earnings data on Thursday, November 4th. The software maker reported $1.87 EPS for the quarter, topping the consensus estimate of $1.68 by $0.19. The company had revenue of $2.45 billion for the quarter, compared to the consensus estimate of $2.16 billion. Insight Enterprises had a return on equity of 17.39% and a net margin of 2.30%. Insight Enterprises’s quarterly revenue was up 26.4% on a year-over-year basis. During the same period last year, the business posted $1.38 EPS. Equities analysts anticipate that Insight Enterprises, Inc. will post 7.06 earnings per share for the current year.

A number of brokerages recently issued reports on NSIT. Zacks Investment Research raised Insight Enterprises from a “hold” rating to a “buy” rating and set a $116.00 price target for the company in a research note on Wednesday. Barrington Research raised their price target on Insight Enterprises from $116.00 to $122.00 and gave the stock an “outperform” rating in a research note on Thursday, November 11th.

About Insight Enterprises

Insight Enterprises, Inc is a global provider of information technology, services, and cloud solutions to worldwide enterprises, governments, schools, and healthcare organizations. It helps businesses define, architect, implement, and manage Intelligent Technology Solutions in North America; Europe, the Middle East and Africa; and Asia-Pacific.

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

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