2,856 Shares in Insight Enterprises, Inc. (NASDAQ:NSIT) Bought by Point72 Asia Singapore Pte. Ltd.

Point72 Asia Singapore Pte. Ltd. acquired a new stake in Insight Enterprises, Inc. (NASDAQ:NSIT) during the fourth quarter, HoldingsChannel reports. The fund acquired 2,856 shares of the software maker’s stock, valued at approximately $434,000.

Several other institutional investors also recently bought and sold shares of NSIT. Golden State Wealth Management LLC purchased a new stake in shares of Insight Enterprises in the fourth quarter valued at about $32,000. R Squared Ltd acquired a new stake in Insight Enterprises in the fourth quarter valued at about $33,000. J.Safra Asset Management Corp boosted its holdings in 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 purchasing an additional 71 shares in 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 during the period. Finally, Smartleaf Asset Management LLC raised its stake in shares of Insight Enterprises by 287.7% during the 4th quarter. Smartleaf Asset Management LLC now owns 504 shares of the software maker’s stock worth $76,000 after buying an additional 374 shares in the last quarter.

Insight Enterprises Stock Performance

NSIT opened at $134.60 on Friday. Insight Enterprises, Inc. has a 1-year low of $126.10 and a 1-year high of $228.07. The stock has a market cap of $4.30 billion, a P/E ratio of 20.64, a P/E/G ratio of 1.40 and a beta of 1.22. The stock’s 50 day simple moving average is $141.04 and its 200 day simple moving average is $154.79. 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 (NASDAQ:NSIT) last posted its earnings results on Thursday, May 1st. The software maker reported $2.06 earnings per share for the quarter, beating the consensus estimate of $2.03 by $0.03. The company had revenue of $2.10 billion for the quarter, compared to analyst estimates of $2.19 billion. Insight Enterprises had a return on equity of 18.95% and a net margin of 2.87%. Insight Enterprises’s revenue was down 11.6% compared to the same quarter last year. During the same quarter in the prior year, the company earned $2.37 earnings per share. As a group, equities analysts anticipate that Insight Enterprises, Inc. will post 9.89 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of research firms recently weighed in on NSIT. JPMorgan Chase & Co. decreased their price target on Insight Enterprises from $193.00 to $156.00 and set a “neutral” rating on the stock in a research note on Thursday, April 17th. Barrington Research decreased their target price on shares of Insight Enterprises from $205.00 to $164.00 and set an “outperform” rating on the stock in a research report on Friday, April 4th. Three equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. According to MarketBeat, the company has an average rating of “Hold” and an average price target of $185.00.

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.