Hsbc Holdings PLC grew its holdings in Insight Enterprises, Inc. (NASDAQ:NSIT – Free Report) by 1,591.3% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 75,771 shares of the software maker’s stock after buying an additional 71,291 shares during the period. Hsbc Holdings PLC’s holdings in Insight Enterprises were worth $6,263,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors also recently made changes to their positions in the company. Morgan Stanley increased its holdings in shares of Insight Enterprises by 15.6% during the 4th quarter. Morgan Stanley now owns 2,681,920 shares of the software maker’s stock worth $218,496,000 after acquiring an additional 362,258 shares during the last quarter. State Street Corp lifted its holdings in Insight Enterprises by 3.2% during the 4th quarter. State Street Corp now owns 1,183,203 shares of the software maker’s stock valued at $96,396,000 after purchasing an additional 36,566 shares during the last quarter. Dimensional Fund Advisors LP boosted its position in Insight Enterprises by 11.7% during the fourth quarter. Dimensional Fund Advisors LP now owns 906,400 shares of the software maker’s stock worth $73,847,000 after purchasing an additional 94,877 shares during the period. Paradigm Capital Management Inc. NY boosted its position in Insight Enterprises by 35.9% during the fourth quarter. Paradigm Capital Management Inc. NY now owns 810,764 shares of the software maker’s stock worth $66,053,000 after purchasing an additional 214,064 shares during the period. Finally, Geode Capital Management LLC increased its holdings in shares of Insight Enterprises by 1.2% in the fourth quarter. Geode Capital Management LLC now owns 741,948 shares of the software maker’s stock valued at $60,457,000 after purchasing an additional 8,919 shares during the last quarter.
Insight Enterprises Stock Up 4.9%
NSIT stock opened at $119.49 on Friday. The company has a debt-to-equity ratio of 0.92, a current ratio of 1.22 and a quick ratio of 1.17. The stock has a market capitalization of $3.61 billion, a price-to-earnings ratio of 20.89, a PEG ratio of 1.00 and a beta of 1.10. The business’s fifty day moving average price is $95.44 and its two-hundred day moving average price is $85.70. Insight Enterprises, Inc. has a fifty-two week low of $63.62 and a fifty-two week high of $148.58.
Insiders Place Their Bets
In other Insight Enterprises news, CFO James A. Morgado acquired 2,290 shares of the company’s stock in a transaction on Monday, May 11th. The stock was acquired at an average price of $87.25 per share, for a total transaction of $199,802.50. Following the purchase, the chief financial officer directly owned 17,246 shares of the company’s stock, valued at $1,504,713.50. This trade represents a 15.31% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. 1.21% of the stock is owned by company insiders.
Analyst Ratings Changes
Several equities analysts have recently weighed in on NSIT shares. Canaccord Genuity Group set a $75.00 price objective on shares of Insight Enterprises in a research report on Friday, May 8th. Wall Street Zen upgraded shares of Insight Enterprises from a “hold” rating to a “buy” rating in a research note on Sunday, May 10th. Weiss Ratings raised shares of Insight Enterprises from a “sell (d+)” rating to a “hold (c-)” rating in a report on Wednesday, June 17th. Raymond James Financial upgraded shares of Insight Enterprises from a “market perform” rating to an “outperform” rating and set a $100.00 price objective for the company in a research report on Thursday, May 7th. Finally, JPMorgan Chase & Co. upgraded Insight Enterprises from an “underweight” rating to a “neutral” rating and set a $105.00 price objective for the company in a report on Wednesday, May 27th. Three analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $100.00.
Get Our Latest Analysis on Insight Enterprises
Insight Enterprises Company Profile
Insight Enterprises, Inc is a global technology provider headquartered in Tempe, Arizona. Founded in 1988, the company specializes in helping organizations harness the power of digital transformation by offering a comprehensive portfolio of IT hardware, software, cloud and licensing management solutions. Insight’s expertise spans across the full technology lifecycle, from initial strategy and consulting to implementation, integration and ongoing managed services.
At the core of Insight’s business are its consulting and professional services, which guide clients through complex technology environments and ensure optimal deployment of solutions.
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