Insight Enterprises, Inc. (NASDAQ:NSIT) Sees Significant Decrease in Short Interest

Insight Enterprises, Inc. (NASDAQ:NSIT) was the target of a large drop in short interest during the month of February. As of February 28th, there was short interest totalling 1,220,000 shares, a drop of 31.1% from the February 13th total of 1,770,000 shares. Currently, 3.9% of the company’s shares are short sold. Based on an average daily volume of 395,600 shares, the short-interest ratio is presently 3.1 days.

Insight Enterprises Stock Up 2.3 %

Shares of NASDAQ:NSIT opened at $154.87 on Tuesday. The firm has a market cap of $4.92 billion, a P/E ratio of 23.75, a P/E/G ratio of 1.40 and a beta of 1.40. The company has a quick ratio of 1.15, a current ratio of 1.18 and a debt-to-equity ratio of 0.30. Insight Enterprises has a 12-month low of $146.56 and a 12-month high of $228.07. The business has a fifty day simple moving average of $162.93 and a 200 day simple moving average of $176.63.

Insight Enterprises (NASDAQ:NSIT) last issued its quarterly earnings results on Thursday, February 6th. The software maker reported $2.66 earnings per share for the quarter, topping analysts’ consensus estimates of $2.53 by $0.13. Insight Enterprises had a return on equity of 18.95% and a net margin of 2.87%. During the same quarter in the prior year, the company posted $2.98 earnings per share. Analysts predict that Insight Enterprises will post 9.89 earnings per share for the current year.

Institutional Trading of Insight Enterprises

Large investors have recently bought and sold shares of the business. Golden State Wealth Management LLC acquired a new stake in Insight Enterprises during the 4th quarter worth about $32,000. R Squared Ltd acquired a new stake in shares of Insight Enterprises in the 4th quarter valued at about $33,000. J.Safra Asset Management Corp grew its stake in shares of Insight Enterprises by 40.8% in the 4th quarter. J.Safra Asset Management Corp now owns 245 shares of the software maker’s stock valued at $37,000 after buying an additional 71 shares during the period. NewEdge Advisors LLC grew its stake in shares of Insight Enterprises by 32.8% in the 4th quarter. NewEdge Advisors LLC now owns 255 shares of the software maker’s stock valued at $39,000 after buying an additional 63 shares during the period. Finally, Smartleaf Asset Management LLC grew its stake in shares of Insight Enterprises by 287.7% in the 4th quarter. Smartleaf Asset Management LLC now owns 504 shares of the software maker’s stock valued at $76,000 after buying an additional 374 shares during the period.

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.