Allianz Asset Management GmbH increased its holdings in Insight Enterprises, Inc. (NASDAQ:NSIT) by 95.4% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 84,125 shares of the software maker’s stock after acquiring an additional 41,082 shares during the quarter. Allianz Asset Management GmbH owned about 0.24% of Insight Enterprises worth $3,863,000 as of its most recent filing with the Securities & Exchange Commission.
A number of other hedge funds have also made changes to their positions in the stock. Royce & Associates LP purchased a new position in Insight Enterprises during the second quarter valued at $20,437,000. Thrivent Financial For Lutherans increased its holdings in shares of Insight Enterprises by 1,112.8% during the second quarter. Thrivent Financial For Lutherans now owns 441,152 shares of the software maker’s stock valued at $17,642,000 after acquiring an additional 404,777 shares in the last quarter. Paradigm Capital Management Inc. NY increased its holdings in shares of Insight Enterprises by 59.3% during the second quarter. Paradigm Capital Management Inc. NY now owns 481,514 shares of the software maker’s stock valued at $19,256,000 after acquiring an additional 179,214 shares in the last quarter. BlackRock Inc. increased its holdings in shares of Insight Enterprises by 3.2% during the second quarter. BlackRock Inc. now owns 4,667,177 shares of the software maker’s stock valued at $186,642,000 after acquiring an additional 143,348 shares in the last quarter. Finally, Aberdeen Asset Management PLC UK increased its holdings in shares of Insight Enterprises by 14.2% during the second quarter. Aberdeen Asset Management PLC UK now owns 1,079,731 shares of the software maker’s stock valued at $43,179,000 after acquiring an additional 134,029 shares in the last quarter. 97.19% of the stock is owned by institutional investors.
Insight Enterprises, Inc. (NASDAQ NSIT) traded up $0.72 during trading on Friday, hitting $38.61. The company’s stock had a trading volume of 200,625 shares, compared to its average volume of 223,742. The company has a market cap of $1,380.00, a P/E ratio of 14.30 and a beta of 1.56. Insight Enterprises, Inc. has a 1-year low of $35.26 and a 1-year high of $53.19. The company has a current ratio of 1.84, a quick ratio of 1.59 and a debt-to-equity ratio of 0.65.
Insight Enterprises (NASDAQ:NSIT) last posted its quarterly earnings data on Tuesday, November 7th. The software maker reported $0.73 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.68 by $0.05. Insight Enterprises had a return on equity of 14.90% and a net margin of 1.53%. The firm had revenue of $1.76 billion for the quarter, compared to analysts’ expectations of $1.59 billion. During the same period in the previous year, the firm earned $0.62 EPS. The business’s quarterly revenue was up 26.2% on a year-over-year basis. equities research analysts forecast that Insight Enterprises, Inc. will post 3.22 EPS for the current fiscal year.
Several equities analysts have recently weighed in on NSIT shares. Zacks Investment Research upgraded Insight Enterprises from a “hold” rating to a “buy” rating and set a $43.00 price target for the company in a report on Wednesday, January 3rd. B. Riley reiterated a “buy” rating and issued a $56.00 price objective (up from $54.50) on shares of Insight Enterprises in a report on Wednesday, November 8th. ValuEngine downgraded Insight Enterprises from a “buy” rating to a “hold” rating in a report on Wednesday, November 15th. Finally, BidaskClub downgraded Insight Enterprises from a “sell” rating to a “strong sell” rating in a report on Tuesday, December 12th. Two analysts have rated the stock with a sell rating, two have given a hold rating and two have assigned a buy rating to the company. Insight Enterprises has an average rating of “Hold” and an average price target of $48.00.
Insight Enterprises Profile
Insight Enterprises, Inc is engaged in providing information technology (IT) hardware, software, and cloud and service solutions to business, government, healthcare and educational clients. The Company operates through three segments: North America, EMEA and APAC. North America comprises the United States and Canada; EMEA comprises Europe, the Middle East and Africa, and APAC comprises Asia Pacific.
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