Quantessence Capital LLC Acquires Shares of 1,482 Insight Enterprises, Inc. (NASDAQ:NSIT)

Quantessence Capital LLC acquired a new stake in Insight Enterprises, Inc. (NASDAQ:NSIT) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 1,482 shares of the software maker’s stock, valued at approximately $225,000.

A number of other hedge funds have also recently modified their holdings of the stock. Golden State Wealth Management LLC acquired a new position in Insight Enterprises in the fourth quarter valued at approximately $32,000. R Squared Ltd acquired a new position in shares of Insight Enterprises in the 4th quarter valued at $33,000. J.Safra Asset Management Corp boosted its holdings in Insight Enterprises by 40.8% during the fourth quarter. J.Safra Asset Management Corp now owns 245 shares of the software maker’s stock worth $37,000 after buying an additional 71 shares in the last quarter. NewEdge Advisors LLC grew its position in Insight Enterprises by 32.8% during the fourth quarter. NewEdge Advisors LLC now owns 255 shares of the software maker’s stock valued at $39,000 after buying an additional 63 shares during the period. Finally, Smartleaf Asset Management LLC increased its holdings in 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 buying an additional 374 shares in the last quarter.

Insight Enterprises Trading Up 0.4 %

Shares of Insight Enterprises stock opened at $132.60 on Wednesday. Insight Enterprises, Inc. has a twelve month low of $126.10 and a twelve month high of $228.07. The firm’s 50-day moving average price is $148.73 and its 200 day moving average price is $164.02. The company has a current ratio of 1.18, a quick ratio of 1.15 and a debt-to-equity ratio of 0.30. The firm has a market capitalization of $4.21 billion, a PE ratio of 20.34, a P/E/G ratio of 1.40 and a beta of 1.31.

Insight Enterprises (NASDAQ:NSIT) last issued its quarterly earnings results on Thursday, February 6th. The software maker reported $2.66 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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 period last year, the firm earned $2.98 EPS. On average, sell-side analysts predict that Insight Enterprises, Inc. will post 9.89 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several equities analysts recently weighed in on NSIT shares. 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 research note on Friday, April 4th. JPMorgan Chase & Co. cut their price objective on Insight Enterprises from $193.00 to $156.00 and set a “neutral” rating for the company in a research report on Thursday, April 17th. Three investment analysts have rated the stock with a hold rating and two have issued a buy rating to the company. According to data from MarketBeat.com, the company has an average rating of “Hold” and an average price target of $185.00.

Insight Enterprises 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.