Capital Fund Management S.A. Buys New Holdings in Insight Enterprises, Inc. (NASDAQ:NSIT)

Capital Fund Management S.A. purchased a new position in Insight Enterprises, Inc. (NASDAQ:NSIT) in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 16,643 shares of the software maker’s stock, valued at approximately $2,531,000. Capital Fund Management S.A. owned 0.05% of Insight Enterprises at the end of the most recent reporting period.

A number of other institutional investors have also added to or reduced their stakes in the stock. Golden State Wealth Management LLC bought a new position in shares of Insight Enterprises during the fourth quarter worth $32,000. R Squared Ltd purchased a new stake in Insight Enterprises in the 4th quarter worth $33,000. J.Safra Asset Management Corp boosted its holdings in shares of Insight Enterprises by 40.8% during the 4th quarter. J.Safra Asset Management Corp now owns 245 shares of the software maker’s stock valued at $37,000 after purchasing an additional 71 shares during the last quarter. Smartleaf Asset Management LLC grew its position in shares of Insight Enterprises by 287.7% during the fourth quarter. Smartleaf Asset Management LLC now owns 504 shares of the software maker’s stock valued at $76,000 after purchasing an additional 374 shares in the last quarter. Finally, Blue Trust Inc. lifted its position in shares of Insight Enterprises by 25.8% in the fourth quarter. Blue Trust Inc. now owns 677 shares of the software maker’s stock worth $103,000 after buying an additional 139 shares in the last quarter.

Insight Enterprises Stock Performance

Insight Enterprises stock opened at $135.96 on Tuesday. The company has a quick ratio of 1.15, a current ratio of 1.18 and a debt-to-equity ratio of 0.30. Insight Enterprises, Inc. has a twelve month low of $126.10 and a twelve month high of $228.07. The company’s 50-day moving average price is $152.88 and its 200-day moving average price is $167.09. The company has a market cap of $4.32 billion, a PE ratio of 20.85, a price-to-earnings-growth ratio of 1.40 and a beta of 1.31.

Insight Enterprises (NASDAQ:NSIT) last issued its quarterly earnings data on Thursday, February 6th. The software maker reported $2.66 earnings per share 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 in the previous year, the company earned $2.98 EPS. On average, equities research analysts forecast that Insight Enterprises, Inc. will post 9.89 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Separately, Barrington Research cut their price target on Insight Enterprises from $205.00 to $164.00 and set an “outperform” rating for the company in a report on Friday, April 4th. Three analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $202.25.

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.