Insight Enterprises, Inc. (NASDAQ:NSIT) Shares Acquired by SummerHaven Investment Management LLC

SummerHaven Investment Management LLC grew its holdings in Insight Enterprises, Inc. (NASDAQ:NSIT) by 1.2% in the 4th quarter, Holdings Channel reports. The institutional investor owned 4,892 shares of the software maker’s stock after buying an additional 60 shares during the quarter. SummerHaven Investment Management LLC’s holdings in Insight Enterprises were worth $867,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. Handelsbanken Fonder AB raised its stake in Insight Enterprises by 34.2% during the 3rd quarter. Handelsbanken Fonder AB now owns 3,530 shares of the software maker’s stock valued at $514,000 after purchasing an additional 900 shares during the period. Raymond James & Associates increased its stake in shares of Insight Enterprises by 3.7% in the third quarter. Raymond James & Associates now owns 5,602 shares of the software maker’s stock worth $815,000 after acquiring an additional 199 shares during the last quarter. Raymond James Financial Services Advisors Inc. increased its stake in shares of Insight Enterprises by 6.1% in the third quarter. Raymond James Financial Services Advisors Inc. now owns 2,510 shares of the software maker’s stock worth $365,000 after acquiring an additional 145 shares during the last quarter. GW Henssler & Associates Ltd. acquired a new position in Insight Enterprises during the third quarter worth $246,000. Finally, Bank of New York Mellon Corp increased its position in Insight Enterprises by 7.6% during the third quarter. Bank of New York Mellon Corp now owns 309,407 shares of the software maker’s stock worth $45,019,000 after buying an additional 21,953 shares during the last quarter.

Insider Buying and Selling

In related news, CAO Rachael Ann Bertrandt Crump sold 1,850 shares of the company’s stock in a transaction on Thursday, February 22nd. The shares were sold at an average price of $182.67, for a total value of $337,939.50. Following the completion of the transaction, the chief accounting officer now directly owns 4,436 shares of the company’s stock, valued at approximately $810,324.12. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. In other news, insider Samuel C. Cowley sold 7,278 shares of the stock in a transaction dated Tuesday, February 27th. The shares were sold at an average price of $187.62, for a total transaction of $1,365,498.36. Following the completion of the transaction, 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 SEC, which is available at this link. Also, CAO Rachael Ann Bertrandt Crump sold 1,850 shares of the company’s stock in a transaction dated Thursday, February 22nd. The shares were sold at an average price of $182.67, for a total transaction of $337,939.50. Following the completion of the sale, the chief accounting officer now directly owns 4,436 shares in the company, valued at $810,324.12. The disclosure for this sale can be found here. In the last ninety days, insiders sold 20,918 shares of company stock valued at $3,888,203. Company insiders own 1.23% of the company’s stock.

Insight Enterprises Trading Up 0.2 %

Shares of Insight Enterprises stock traded up $0.40 on Monday, hitting $183.15. 12,611 shares of the company’s stock traded hands, compared to its average volume of 233,727. The firm’s 50-day moving average price is $184.61 and its two-hundred day moving average price is $173.53. The stock has a market capitalization of $5.96 billion, a PE ratio of 24.21, a price-to-earnings-growth ratio of 1.33 and a beta of 1.51. Insight Enterprises, Inc. has a one year low of $117.99 and a one year high of $194.57. The company has a debt-to-equity ratio of 0.34, a current ratio of 1.28 and a quick ratio of 1.23.

Insight Enterprises (NASDAQ:NSIT) last announced its quarterly earnings results on Thursday, February 15th. The software maker reported $2.98 earnings per share (EPS) for the quarter, missing the consensus estimate of $3.04 by ($0.06). Insight Enterprises had a net margin of 3.07% and a return on equity of 20.64%. The firm had revenue of $2.24 billion during the quarter, compared to analyst estimates of $2.41 billion. During the same period last year, the firm earned $2.53 EPS. Insight Enterprises’s quarterly revenue was down 10.7% on a year-over-year basis. On average, research analysts expect that Insight Enterprises, Inc. will post 10.59 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of equities research analysts have issued reports on NSIT shares. Stifel Nicolaus upped their price target on shares of Insight Enterprises from $170.00 to $192.00 and gave the company a “hold” rating in a report on Monday, April 15th. Barrington Research reiterated an “outperform” rating and issued a $211.00 target price on shares of Insight Enterprises in a research note on Tuesday, April 23rd. StockNews.com cut shares of Insight Enterprises from a “buy” rating to a “hold” rating in a research note on Friday, January 26th. Finally, JPMorgan Chase & Co. raised their price target on shares of Insight Enterprises from $188.00 to $193.00 and gave the stock a “neutral” rating in a research note on Thursday, April 11th.

About Insight Enterprises

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.