Insight Enterprises (NASDAQ:NSIT) Price Target Cut to $164.00 by Analysts at Barrington Research

Insight Enterprises (NASDAQ:NSIT) had its target price trimmed by Barrington Research from $205.00 to $164.00 in a report issued on Friday,Benzinga reports. The brokerage currently has an outperform rating on the software maker’s stock.

Insight Enterprises Stock Down 3.6 %

Shares of NASDAQ NSIT opened at $132.04 on Friday. The stock has a market capitalization of $4.20 billion, a PE ratio of 20.25, a P/E/G ratio of 1.40 and a beta of 1.40. The company has a quick ratio of 1.15, a current ratio of 1.18 and a debt-to-equity ratio of 0.30. The firm has a fifty day moving average of $159.06 and a 200-day moving average of $171.73. Insight Enterprises has a 52-week low of $128.01 and a 52-week high of $228.07.

Insight Enterprises (NASDAQ:NSIT) last announced its quarterly earnings results on Thursday, February 6th. The software maker reported $2.66 EPS for the quarter, topping 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 quarter last year, the firm earned $2.98 earnings per share. On average, analysts anticipate that Insight Enterprises will post 9.89 EPS for the current year.

Hedge Funds Weigh In On Insight Enterprises

A number of hedge funds have recently made changes to their positions in NSIT. First Hawaiian Bank purchased a new position in Insight Enterprises in the first quarter valued at about $484,000. Wellington Management Group LLP grew its stake in shares of Insight Enterprises by 65.7% in the fourth quarter. Wellington Management Group LLP now owns 270,797 shares of the software maker’s stock valued at $41,188,000 after buying an additional 107,397 shares in the last quarter. Public Employees Retirement System of Ohio raised its holdings in shares of Insight Enterprises by 23.4% during the 4th quarter. Public Employees Retirement System of Ohio now owns 54,760 shares of the software maker’s stock valued at $8,329,000 after buying an additional 10,384 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its position in Insight Enterprises by 17.4% during the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 70,537 shares of the software maker’s stock worth $10,729,000 after acquiring an additional 10,446 shares in the last quarter. Finally, Voloridge Investment Management LLC purchased a new position in Insight Enterprises in the 4th quarter worth approximately $9,545,000.

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.