800 Shares in Insight Enterprises, Inc. (NASDAQ:NSIT) Bought by Canada Pension Plan Investment Board

Canada Pension Plan Investment Board purchased a new stake in shares of Insight Enterprises, Inc. (NASDAQ:NSIT) in the fourth quarter, Holdings Channel.com reports. The institutional investor purchased 800 shares of the software maker’s stock, valued at approximately $122,000.

Several other hedge funds and other institutional investors also recently made changes to their positions in NSIT. Alberta Investment Management Corp acquired a new position in Insight Enterprises during the 4th quarter valued at $2,494,000. Raymond James Financial Inc. acquired a new position in shares of Insight Enterprises during the fourth quarter valued at about $532,000. Principal Financial Group Inc. lifted its stake in shares of Insight Enterprises by 1.2% in the fourth quarter. Principal Financial Group Inc. now owns 143,544 shares of the software maker’s stock valued at $21,833,000 after buying an additional 1,653 shares during the period. Rhumbline Advisers lifted its stake in shares of Insight Enterprises by 2.4% in the fourth quarter. Rhumbline Advisers now owns 82,198 shares of the software maker’s stock valued at $12,502,000 after buying an additional 1,925 shares during the period. Finally, New York Life Investment Management LLC acquired a new stake in Insight Enterprises during the fourth quarter worth about $449,000.

Analysts Set New Price Targets

A number of analysts have commented on NSIT shares. JPMorgan Chase & Co. reduced their price objective on Insight Enterprises from $193.00 to $156.00 and set a “neutral” rating for the company in a research report on Thursday, April 17th. Barrington Research cut their target price on Insight Enterprises from $205.00 to $164.00 and set an “outperform” rating for the company in a research note on Friday, April 4th. Three investment analysts have rated the stock with a hold rating and two have given a buy rating to the company. According to MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $185.00.

Insight Enterprises Stock Up 0.7 %

NASDAQ NSIT opened at $138.61 on Friday. Insight Enterprises, Inc. has a 1-year low of $126.10 and a 1-year high of $228.07. The company has a market capitalization of $4.42 billion, a price-to-earnings ratio of 21.26, a PEG ratio of 1.40 and a beta of 1.31. The stock’s 50 day moving average is $146.93 and its two-hundred day moving average is $162.23. The company has a current ratio of 1.18, a quick ratio of 1.15 and a debt-to-equity ratio of 0.30.

Insight Enterprises (NASDAQ:NSIT) last announced its quarterly earnings results on Thursday, February 6th. The software maker reported $2.66 EPS for the quarter, beating the consensus estimate of $2.53 by $0.13. Insight Enterprises had a return on equity of 18.95% and a net margin of 2.87%. During the same period last year, the business posted $2.98 EPS. Equities analysts forecast that Insight Enterprises, Inc. will post 9.89 earnings per share for the current fiscal year.

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.