Holdings L.P. Valueact Acquires 27,096 Shares of Insight Enterprises, Inc. (NASDAQ:NSIT) Stock

Insight Enterprises, Inc. (NASDAQ:NSITGet Rating) Director Holdings L.P. Valueact purchased 27,096 shares of the company’s stock in a transaction that occurred on Wednesday, August 17th. The stock was acquired at an average cost of $93.98 per share, with a total value of $2,546,482.08. Following the purchase, the director now directly owns 4,150,827 shares of the company’s stock, valued at $390,094,721.46. The purchase was disclosed in a legal filing with the SEC, which is available through this link.

Holdings L.P. Valueact also recently made the following trade(s):

  • On Monday, August 15th, Holdings L.P. Valueact purchased 18,185 shares of Insight Enterprises stock. The stock was acquired at an average cost of $93.92 per share, with a total value of $1,707,935.20.
  • On Friday, May 27th, Holdings L.P. Valueact purchased 40,000 shares of Insight Enterprises stock. The stock was acquired at an average cost of $99.07 per share, with a total value of $3,962,800.00.
  • On Wednesday, May 25th, Holdings L.P. Valueact purchased 40,000 shares of Insight Enterprises stock. The stock was acquired at an average cost of $94.89 per share, with a total value of $3,795,600.00.
  • On Monday, May 23rd, Holdings L.P. Valueact purchased 40,000 shares of Insight Enterprises stock. The stock was acquired at an average cost of $97.32 per share, with a total value of $3,892,800.00.
  • On Friday, May 20th, Holdings L.P. Valueact purchased 40,000 shares of Insight Enterprises stock. The stock was acquired at an average cost of $97.01 per share, with a total value of $3,880,400.00.

Insight Enterprises Stock Down 1.0 %

Insight Enterprises stock traded down $0.97 on Wednesday, hitting $94.13. 156,952 shares of the stock traded hands, compared to its average volume of 252,639. The business’s fifty day simple moving average is $89.92 and its 200 day simple moving average is $97.19. The company has a current ratio of 1.48, a quick ratio of 1.36 and a debt-to-equity ratio of 0.45. The firm has a market cap of $3.30 billion, a P/E ratio of 13.17, a price-to-earnings-growth ratio of 0.91 and a beta of 1.60. Insight Enterprises, Inc. has a 1 year low of $82.50 and a 1 year high of $111.02.

Insight Enterprises (NASDAQ:NSITGet Rating) last posted its quarterly earnings results on Thursday, August 4th. The software maker reported $2.78 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.02 by $0.76. The firm had revenue of $2.74 billion during the quarter, compared to analyst estimates of $2.61 billion. Insight Enterprises had a return on equity of 19.60% and a net margin of 2.53%. Insight Enterprises’s quarterly revenue was up 23.0% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.91 EPS. As a group, sell-side analysts forecast that Insight Enterprises, Inc. will post 8.68 earnings per share for the current year.

Hedge Funds Weigh In On Insight Enterprises

Large investors have recently modified their holdings of the stock. Elequin Capital LP purchased a new position in shares of Insight Enterprises in the 1st quarter worth about $25,000. Lazard Asset Management LLC purchased a new position in shares of Insight Enterprises in the 4th quarter worth about $28,000. EverSource Wealth Advisors LLC purchased a new position in shares of Insight Enterprises in the 4th quarter worth about $31,000. Prospera Financial Services Inc bought a new stake in Insight Enterprises in the 1st quarter worth about $38,000. Finally, Cassady Schiller Wealth Management LLC bought a new stake in Insight Enterprises in the 4th quarter worth about $53,000.

Analyst Ratings Changes

NSIT has been the subject of several recent research reports. StockNews.com lowered Insight Enterprises from a “buy” rating to a “hold” rating in a research report on Wednesday, May 11th. JPMorgan Chase & Co. initiated coverage on Insight Enterprises in a research report on Thursday, July 14th. They set a “neutral” rating and a $98.00 price objective for the company. Finally, Barrington Research lowered their price objective on Insight Enterprises from $122.00 to $110.00 and set an “outperform” rating for the company in a research report on Monday, August 8th.

Insight Enterprises Company Profile

(Get Rating)

IInsight Enterprises, Inc, together with its subsidiaries, provides information technology (IT) hardware, software, and services solutions in the United States, Canada, Europe, the Middle East, Africa, and the Asia-Pacific. The company's solution portfolio includes cloud enablement, data and AI, DevOps, digital strategy, intelligent applications and edge, and IoT solutions, as well as transformation services.

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Insider Buying and Selling by Quarter for Insight Enterprises (NASDAQ:NSIT)

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