Tudor Investment Corp ET AL Buys 24,136 Shares of Insight Enterprises, Inc. (NASDAQ:NSIT)

Tudor Investment Corp ET AL lifted its stake in Insight Enterprises, Inc. (NASDAQ:NSIT) by 65.2% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 61,136 shares of the software maker’s stock after buying an additional 24,136 shares during the period. Tudor Investment Corp ET AL’s holdings in Insight Enterprises were worth $9,299,000 at the end of the most recent reporting period.

A number of other institutional investors have also added to or reduced their stakes in NSIT. Golden State Wealth Management LLC acquired a new stake in shares of Insight Enterprises during the 4th quarter worth approximately $32,000. R Squared Ltd bought a new stake in Insight Enterprises in the 4th quarter valued at $33,000. J.Safra Asset Management Corp raised its stake in shares of Insight Enterprises by 40.8% in the 4th quarter. J.Safra Asset Management Corp now owns 245 shares of the software maker’s stock valued at $37,000 after buying an additional 71 shares in the last quarter. NewEdge Advisors LLC lifted its holdings in shares of Insight Enterprises by 32.8% during the 4th quarter. NewEdge Advisors LLC now owns 255 shares of the software maker’s stock worth $39,000 after acquiring an additional 63 shares during the period. Finally, Smartleaf Asset Management LLC boosted its position in shares of Insight Enterprises by 287.7% during the 4th quarter. Smartleaf Asset Management LLC now owns 504 shares of the software maker’s stock valued at $76,000 after acquiring an additional 374 shares in the last quarter.

Insight Enterprises Stock Performance

Insight Enterprises stock opened at $139.32 on Wednesday. Insight Enterprises, Inc. has a 12-month low of $126.10 and a 12-month high of $228.07. The stock has a 50-day simple moving average of $145.82 and a 200 day simple moving average of $161.17. 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 stock has a market capitalization of $4.45 billion, a price-to-earnings ratio of 21.37, a P/E/G ratio of 1.40 and a beta of 1.31.

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

Wall Street Analysts Forecast Growth

A number of research analysts have commented on NSIT shares. Barrington Research cut their price target on shares of Insight Enterprises from $205.00 to $164.00 and set an “outperform” rating for the company in a research note on Friday, April 4th. JPMorgan Chase & Co. decreased their price target on Insight Enterprises from $193.00 to $156.00 and set a “neutral” rating on the stock in a research note on Thursday, April 17th. Three equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. Based on data from MarketBeat.com, Insight Enterprises presently has a consensus rating of “Hold” and an average target price of $185.00.

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.