Blueshift Asset Management LLC Invests $333,000 in Insight Enterprises, Inc. (NASDAQ:NSIT)

Blueshift Asset Management LLC acquired a new stake in Insight Enterprises, Inc. (NASDAQ:NSIT) in the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 1,545 shares of the software maker’s stock, valued at approximately $333,000.

Several other large investors have also recently added to or reduced their stakes in NSIT. Xponance Inc. lifted its stake in Insight Enterprises by 2.5% in the second quarter. Xponance Inc. now owns 2,114 shares of the software maker’s stock valued at $419,000 after buying an additional 52 shares during the last quarter. Tevis Investment Management boosted its stake in Insight Enterprises by 3.5% during the 2nd quarter. Tevis Investment Management now owns 1,774 shares of the software maker’s stock worth $352,000 after purchasing an additional 60 shares during the period. One Wealth Advisors LLC grew its position in Insight Enterprises by 4.7% during the 3rd quarter. One Wealth Advisors LLC now owns 1,379 shares of the software maker’s stock worth $297,000 after purchasing an additional 62 shares during the last quarter. Huntington National Bank increased its stake in Insight Enterprises by 7.3% in the third quarter. Huntington National Bank now owns 995 shares of the software maker’s stock valued at $214,000 after purchasing an additional 68 shares during the period. Finally, Hanseatic Management Services Inc. boosted its stake in shares of Insight Enterprises by 1.8% during the second quarter. Hanseatic Management Services Inc. now owns 3,854 shares of the software maker’s stock worth $764,000 after buying an additional 69 shares during the period.

Insight Enterprises Stock Performance

NASDAQ NSIT opened at $156.28 on Friday. The stock has a market capitalization of $4.96 billion, a price-to-earnings ratio of 19.66, a PEG ratio of 1.36 and a beta of 1.48. The business’s 50 day moving average is $193.31 and its two-hundred day moving average is $200.16. 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 1.24, a quick ratio of 1.20 and a debt-to-equity ratio of 0.43.

Insight Enterprises (NASDAQ:NSIT) last announced its quarterly earnings data on Thursday, October 31st. The software maker reported $2.19 earnings per share for the quarter, missing analysts’ consensus estimates of $2.37 by ($0.18). The business had revenue of $2.09 billion for the quarter, compared to analyst estimates of $2.34 billion. Insight Enterprises had a return on equity of 19.71% and a net margin of 3.42%. The company’s revenue was down 7.9% on a year-over-year basis. During the same period in the prior year, the company earned $2.37 EPS. Research analysts expect that Insight Enterprises, Inc. will post 9.55 EPS for the current year.

Wall Street Analysts Forecast Growth

Several equities analysts recently issued reports on NSIT shares. Barrington Research dropped their price target on Insight Enterprises from $225.00 to $205.00 and set an “outperform” rating on the stock in a research report on Monday, November 4th. JPMorgan Chase & Co. cut their price target on Insight Enterprises from $233.00 to $225.00 and set a “neutral” rating for the company in a research note on Friday, August 2nd. Finally, Redburn Atlantic assumed coverage on shares of Insight Enterprises in a research report on Friday, November 15th. They issued a “buy” rating and a $220.00 price objective on the stock. Three analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $212.50.

Insight Enterprises Company 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.