Crestline Management LP Takes $969,000 Position in Insight Enterprises, Inc. (NASDAQ:NSIT)

Crestline Management LP purchased a new position in shares of Insight Enterprises, Inc. (NASDAQ:NSIT) in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 6,373 shares of the software maker’s stock, valued at approximately $969,000.

Several other hedge funds and other institutional investors also recently bought and sold shares of NSIT. Golden State Wealth Management LLC acquired a new stake in shares of Insight Enterprises during the fourth quarter worth about $32,000. R Squared Ltd purchased a new stake in Insight Enterprises during the 4th quarter valued at approximately $33,000. J.Safra Asset Management Corp lifted its position in Insight Enterprises by 40.8% during the 4th quarter. J.Safra Asset Management Corp now owns 245 shares of the software maker’s stock worth $37,000 after acquiring an additional 71 shares during the period. NewEdge Advisors LLC grew its stake in shares of Insight Enterprises by 32.8% in the 4th quarter. NewEdge Advisors LLC now owns 255 shares of the software maker’s stock valued at $39,000 after purchasing an additional 63 shares during the last quarter. Finally, Smartleaf Asset Management LLC increased its holdings in shares of Insight Enterprises by 287.7% in 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 during the period.

Analyst Ratings Changes

NSIT has been the topic of a number of analyst reports. Barrington Research lowered their price objective on shares of Insight Enterprises from $205.00 to $164.00 and set an “outperform” rating on the stock in a research report on Friday, April 4th. JPMorgan Chase & Co. dropped their price target on shares of 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 research analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. Based on data from MarketBeat.com, Insight Enterprises currently has a consensus rating of “Hold” and an average price target of $185.00.

Insight Enterprises Price Performance

Insight Enterprises stock opened at $133.22 on Friday. The company has a market cap of $4.25 billion, a P/E ratio of 20.43, a price-to-earnings-growth ratio of 1.40 and a beta of 1.22. Insight Enterprises, Inc. has a one year low of $126.10 and a one year high of $228.07. The business has a fifty day moving average of $142.60 and a two-hundred day moving average of $156.81. The company has a debt-to-equity ratio of 0.30, a quick ratio of 1.15 and a current ratio of 1.18.

Insight Enterprises (NASDAQ:NSIT) last announced its quarterly earnings data on Thursday, May 1st. The software maker reported $2.06 EPS for the quarter, beating the consensus estimate of $2.03 by $0.03. Insight Enterprises had a net margin of 2.87% and a return on equity of 18.95%. The firm had revenue of $2.10 billion during the quarter, compared to analysts’ expectations of $2.19 billion. During the same quarter last year, the business earned $2.37 earnings per share. The business’s revenue for the quarter was down 11.6% compared to the same quarter last year. As a group, analysts predict that Insight Enterprises, Inc. will post 9.89 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.