Golden State Wealth Management LLC Makes New $32,000 Investment in Insight Enterprises, Inc. (NASDAQ:NSIT)

Golden State Wealth Management LLC bought a new position in shares of Insight Enterprises, Inc. (NASDAQ:NSIT) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm bought 209 shares of the software maker’s stock, valued at approximately $32,000.

A number of other hedge funds also recently modified their holdings of the stock. Jennison Associates LLC raised its holdings in shares of Insight Enterprises by 39.7% in the 4th quarter. Jennison Associates LLC now owns 4,133 shares of the software maker’s stock worth $629,000 after purchasing an additional 1,175 shares during the period. Country Trust Bank raised its holdings in shares of Insight Enterprises by 11.4% in the 4th quarter. Country Trust Bank now owns 173,566 shares of the software maker’s stock worth $26,399,000 after purchasing an additional 17,713 shares during the period. Baron Wealth Management LLC raised its holdings in shares of Insight Enterprises by 3.8% in the 4th quarter. Baron Wealth Management LLC now owns 1,570 shares of the software maker’s stock worth $239,000 after purchasing an additional 58 shares during the period. R Squared Ltd bought a new stake in shares of Insight Enterprises in the 4th quarter worth approximately $33,000. Finally, Pacer Advisors Inc. grew its stake in Insight Enterprises by 26.6% in the 4th quarter. Pacer Advisors Inc. now owns 1,073,262 shares of the software maker’s stock valued at $163,243,000 after buying an additional 225,283 shares in the last quarter.

Analysts Set New Price Targets

A number of research analysts recently weighed in on the stock. Redburn Atlantic assumed coverage on shares of Insight Enterprises in a research note on Friday, November 15th. They issued a “buy” rating and a $220.00 price objective for the company. Barrington Research reduced their price target on shares of Insight Enterprises from $225.00 to $205.00 and set an “outperform” rating for the company in a research report on Monday, November 4th. Three investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Hold” and an average target price of $212.50.

Insight Enterprises Stock Down 0.1 %

NSIT opened at $167.51 on Wednesday. The company has a fifty day moving average price of $162.13 and a 200-day moving average price of $184.05. The firm has a market capitalization of $5.32 billion, a P/E ratio of 25.69, a price-to-earnings-growth ratio of 1.43 and a beta of 1.42. The company has a debt-to-equity ratio of 0.30, a current ratio of 1.18 and a quick ratio of 1.20. Insight Enterprises, Inc. has a one year low of $146.56 and a one year high of $228.07.

Insight Enterprises (NASDAQ:NSIT) last announced its earnings results on Thursday, February 6th. The software maker reported $2.66 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.53 by $0.13. Insight Enterprises had a net margin of 2.87% and a return on equity of 18.95%. During the same period last year, the firm earned $2.98 earnings per share. Equities research analysts expect that Insight Enterprises, Inc. will post 9.9 earnings per share for the current fiscal year.

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.