CX Institutional Buys New Stake in Insight Enterprises, Inc. $NSIT

CX Institutional purchased a new stake in Insight Enterprises, Inc. (NASDAQ:NSIT) during the third quarter, according to its most recent filing with the SEC. The fund purchased 46,001 shares of the software maker’s stock, valued at approximately $5,217,000.

Several other hedge funds and other institutional investors have also made changes to their positions in the stock. KLP Kapitalforvaltning AS grew its position in shares of Insight Enterprises by 13.8% during the third quarter. KLP Kapitalforvaltning AS now owns 6,600 shares of the software maker’s stock valued at $749,000 after purchasing an additional 800 shares in the last quarter. Louisiana State Employees Retirement System grew its holdings in Insight Enterprises by 13.3% during the 3rd quarter. Louisiana State Employees Retirement System now owns 14,500 shares of the software maker’s stock valued at $1,644,000 after buying an additional 1,700 shares in the last quarter. Allspring Global Investments Holdings LLC increased its stake in Insight Enterprises by 32.3% in the 3rd quarter. Allspring Global Investments Holdings LLC now owns 190,522 shares of the software maker’s stock worth $21,417,000 after acquiring an additional 46,485 shares during the last quarter. Delphi Management Inc. MA purchased a new stake in shares of Insight Enterprises during the 3rd quarter worth approximately $1,274,000. Finally, Chatham Capital Group Inc. boosted its position in shares of Insight Enterprises by 3.8% during the 3rd quarter. Chatham Capital Group Inc. now owns 29,896 shares of the software maker’s stock valued at $3,391,000 after acquiring an additional 1,083 shares during the last quarter.

Analyst Ratings Changes

Several equities research analysts recently weighed in on the stock. Barrington Research restated an “outperform” rating and issued a $120.00 price target on shares of Insight Enterprises in a research report on Monday. Wall Street Zen downgraded shares of Insight Enterprises from a “buy” rating to a “hold” rating in a report on Saturday, December 20th. Weiss Ratings cut shares of Insight Enterprises from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Monday. JPMorgan Chase & Co. reiterated an “underweight” rating and issued a $90.00 price target (down previously from $117.00) on shares of Insight Enterprises in a research report on Monday, December 15th. Finally, Canaccord Genuity Group assumed coverage on Insight Enterprises in a research report on Wednesday, November 19th. They set a “hold” rating and a $100.00 price objective on the stock. One research analyst has rated the stock with a Buy rating, one has issued a Hold rating and two have given a Sell rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Reduce” and an average target price of $103.33.

Insight Enterprises Price Performance

Insight Enterprises stock opened at $85.65 on Thursday. Insight Enterprises, Inc. has a 12-month low of $77.10 and a 12-month high of $181.92. The company has a current ratio of 1.30, a quick ratio of 1.27 and a debt-to-equity ratio of 0.88. The firm has a 50-day moving average price of $86.28 and a 200-day moving average price of $111.95. The firm has a market capitalization of $2.65 billion, a PE ratio of 19.97, a price-to-earnings-growth ratio of 0.42 and a beta of 0.93.

Insight Enterprises (NASDAQ:NSIT) last posted its quarterly earnings data on Thursday, October 30th. The software maker reported $2.43 earnings per share for the quarter, missing analysts’ consensus estimates of $2.49 by ($0.06). The firm had revenue of $2 billion during the quarter, compared to analysts’ expectations of $2.15 billion. Insight Enterprises had a return on equity of 19.20% and a net margin of 1.72%.The business’s revenue for the quarter was down 4.0% compared to the same quarter last year. During the same period last year, the company earned $2.19 earnings per share. Insight Enterprises has set its FY 2025 guidance at 9.600-9.900 EPS. As a group, equities research analysts forecast that Insight Enterprises, Inc. will post 9.89 EPS for the current year.

About Insight Enterprises

Insight Enterprises, Inc is a global technology provider headquartered in Tempe, Arizona. Founded in 1988, the company specializes in helping organizations harness the power of digital transformation by offering a comprehensive portfolio of IT hardware, software, cloud and licensing management solutions. Insight’s expertise spans across the full technology lifecycle, from initial strategy and consulting to implementation, integration and ongoing managed services.

At the core of Insight’s business are its consulting and professional services, which guide clients through complex technology environments and ensure optimal deployment of solutions.