Silver Lake Advisory LLC Purchases New Shares in Insight Enterprises, Inc. (NASDAQ:NSIT)

Silver Lake Advisory LLC acquired a new position in Insight Enterprises, Inc. (NASDAQ:NSIT) in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund acquired 31,976 shares of the software maker’s stock, valued at approximately $6,343,000. Insight Enterprises makes up approximately 0.9% of Silver Lake Advisory LLC’s investment portfolio, making the stock its 22nd biggest position. Silver Lake Advisory LLC owned 0.10% of Insight Enterprises at the end of the most recent reporting period.

Other institutional investors have also recently bought and sold shares of the company. Opal Wealth Advisors LLC bought a new stake in shares of Insight Enterprises in the second quarter valued at approximately $38,000. GAMMA Investing LLC lifted its position in shares of Insight Enterprises by 32.7% during the 1st quarter. GAMMA Investing LLC now owns 288 shares of the software maker’s stock valued at $53,000 after acquiring an additional 71 shares during the period. EntryPoint Capital LLC bought a new stake in shares of Insight Enterprises during the 1st quarter valued at $89,000. Blue Trust Inc. grew its holdings in shares of Insight Enterprises by 40.8% during the 2nd quarter. Blue Trust Inc. now owns 531 shares of the software maker’s stock worth $99,000 after purchasing an additional 154 shares in the last quarter. Finally, First Foundation Advisors acquired a new stake in shares of Insight Enterprises during the 1st quarter worth $195,000.

Analyst Ratings Changes

Several equities research analysts recently weighed in on the stock. JPMorgan Chase & Co. cut their price objective on shares of Insight Enterprises from $233.00 to $225.00 and set a “neutral” rating for the company in a research report on Friday, August 2nd. StockNews.com downgraded shares of Insight Enterprises from a “buy” rating to a “hold” rating in a report on Friday, July 5th. Barrington Research reissued an “outperform” rating and issued a $225.00 price objective on shares of Insight Enterprises in a research note on Friday, September 20th. Finally, Stifel Nicolaus upped their target price on Insight Enterprises from $192.00 to $200.00 and gave the stock a “hold” rating in a research note on Wednesday, July 17th.

Insight Enterprises Stock Up 0.6 %

Shares of NASDAQ NSIT opened at $213.06 on Friday. The company has a current ratio of 1.22, a quick ratio of 1.19 and a debt-to-equity ratio of 0.36. The company has a market cap of $6.94 billion, a price-to-earnings ratio of 26.80, a PEG ratio of 1.65 and a beta of 1.46. Insight Enterprises, Inc. has a 12 month low of $139.34 and a 12 month high of $228.07. The stock has a 50-day moving average price of $206.29 and a two-hundred day moving average price of $198.79.

Insight Enterprises (NASDAQ:NSIT) last issued its quarterly earnings data on Thursday, August 1st. The software maker reported $2.46 EPS for the quarter, missing the consensus estimate of $2.82 by ($0.36). The company had revenue of $2.16 billion during the quarter, compared to the consensus estimate of $2.47 billion. Insight Enterprises had a net margin of 3.38% and a return on equity of 20.38%. Insight Enterprises’s revenue for the quarter was down 8.0% on a year-over-year basis. During the same period in the previous year, the company earned $2.56 EPS. As a group, analysts forecast that Insight Enterprises, Inc. will post 10.68 earnings per share for the current fiscal year.

Insider Activity

In related news, insider Jennifer M. Vasin sold 739 shares of the business’s stock in a transaction on Monday, August 19th. The stock was sold at an average price of $206.03, for a total transaction of $152,256.17. Following the sale, the insider now owns 5,460 shares in the company, valued at approximately $1,124,923.80. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 1.23% of the stock is owned by corporate insiders.

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.