Summit Trail Advisors LLC Increases Stake in Insight Enterprises, Inc. (NASDAQ:NSIT)

Summit Trail Advisors LLC increased its stake in Insight Enterprises, Inc. (NASDAQ:NSIT) by 4.7% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 4,298 shares of the software maker’s stock after buying an additional 192 shares during the period. Summit Trail Advisors LLC’s holdings in Insight Enterprises were worth $654,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. Golden State Wealth Management LLC purchased a new position in shares of Insight Enterprises during the 4th quarter worth approximately $32,000. R Squared Ltd purchased a new stake in Insight Enterprises in the fourth quarter worth $33,000. Blue Trust Inc. raised its holdings in Insight Enterprises by 25.8% in the fourth quarter. Blue Trust Inc. now owns 677 shares of the software maker’s stock worth $103,000 after purchasing an additional 139 shares in the last quarter. KBC Group NV lifted its position in Insight Enterprises by 71.6% during the fourth quarter. KBC Group NV now owns 1,177 shares of the software maker’s stock valued at $179,000 after buying an additional 491 shares during the period. Finally, Coldstream Capital Management Inc. bought a new stake in shares of Insight Enterprises during the 3rd quarter valued at $203,000.

Insight Enterprises Trading Down 0.1 %

Insight Enterprises stock opened at $167.51 on Wednesday. Insight Enterprises, Inc. has a 12 month low of $146.56 and a 12 month high of $228.07. The company has a current ratio of 1.18, a quick ratio of 1.20 and a debt-to-equity ratio of 0.30. The business’s fifty day simple moving average is $162.13 and its two-hundred day simple moving average is $184.05. The company has a market capitalization of $5.32 billion, a price-to-earnings ratio of 25.69, a price-to-earnings-growth ratio of 1.43 and a beta of 1.42.

Insight Enterprises (NASDAQ:NSIT) last announced its quarterly earnings results on Thursday, February 6th. The software maker reported $2.66 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.53 by $0.13. Insight Enterprises had a net margin of 2.87% and a return on equity of 18.95%. During the same period in the previous year, the business posted $2.98 EPS. As a group, equities analysts predict that Insight Enterprises, Inc. will post 9.9 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several research analysts recently issued reports on the stock. Barrington Research decreased their price target on shares of Insight Enterprises from $225.00 to $205.00 and set an “outperform” rating for the company in a research note on Monday, November 4th. Redburn Atlantic initiated coverage on shares of Insight Enterprises in a report on Friday, November 15th. They issued a “buy” rating and a $220.00 price objective on the stock. Three equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the company. Based on data from MarketBeat, Insight Enterprises presently has a consensus rating of “Hold” and a consensus target price of $212.50.

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.