Crestline Management LP Acquires New Holdings in Insight Enterprises, Inc. (NASDAQ:NSIT)

Crestline Management LP purchased a new stake in Insight Enterprises, Inc. (NASDAQ:NSIT) during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor purchased 6,373 shares of the software maker’s stock, valued at approximately $969,000.

Other large investors have also modified their holdings of the company. Golden State Wealth Management LLC purchased a new stake in Insight Enterprises in the 4th quarter valued at approximately $32,000. R Squared Ltd acquired a new position in shares of Insight Enterprises in the fourth quarter worth $33,000. J.Safra Asset Management Corp boosted its stake in shares of Insight Enterprises by 40.8% during the fourth quarter. J.Safra Asset Management Corp now owns 245 shares of the software maker’s stock valued at $37,000 after acquiring an additional 71 shares during the last quarter. NewEdge Advisors LLC increased its position in Insight Enterprises by 32.8% during the 4th quarter. NewEdge Advisors LLC now owns 255 shares of the software maker’s stock worth $39,000 after purchasing an additional 63 shares in the last quarter. Finally, Smartleaf Asset Management LLC raised its stake in 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 purchasing an additional 374 shares during the last quarter.

Analyst Ratings Changes

NSIT has been the topic of several analyst reports. Barrington Research decreased their price target on shares of Insight Enterprises from $205.00 to $164.00 and set an “outperform” rating on the stock in a research note on Friday, April 4th. JPMorgan Chase & Co. lowered their target price on shares of Insight Enterprises from $193.00 to $156.00 and set a “neutral” rating for the company in a research note on Thursday, April 17th. Three analysts have rated the stock with a hold rating and two have given a buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $185.00.

Insight Enterprises Trading Down 2.3 %

Shares of NSIT stock opened at $133.22 on Friday. The firm’s 50-day simple moving average is $142.60 and its 200-day simple moving average is $156.81. The company has a debt-to-equity ratio of 0.30, a current ratio of 1.18 and a quick ratio of 1.15. Insight Enterprises, Inc. has a 1-year low of $126.10 and a 1-year high of $228.07. The firm has a market cap of $4.25 billion, a P/E ratio of 20.43, a PEG ratio of 1.40 and a beta of 1.22.

Insight Enterprises (NASDAQ:NSIT) last announced its quarterly earnings results on Thursday, May 1st. The software maker reported $2.06 earnings per share for the quarter, beating analysts’ consensus estimates of $2.03 by $0.03. Insight Enterprises had a net margin of 2.87% and a return on equity of 18.95%. The company had revenue of $2.10 billion for the quarter, compared to analyst estimates of $2.19 billion. Insight Enterprises’s revenue for the quarter was down 11.6% on a year-over-year basis. During the same quarter last year, the business earned $2.37 EPS. As a group, equities analysts forecast that Insight Enterprises, Inc. will post 9.89 EPS for the current year.

Insight Enterprises Profile

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.