Barclays PLC raised its stake in shares of Insight Enterprises, Inc. (NASDAQ:NSIT) by 145.8% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 25,126 shares of the software maker’s stock after acquiring an additional 14,905 shares during the period. Barclays PLC owned approximately 0.07% of Insight Enterprises worth $877,000 as of its most recent SEC filing.
Other institutional investors and hedge funds also recently made changes to their positions in the company. BlackRock Inc. increased its position in shares of Insight Enterprises by 0.9% during the fourth quarter. BlackRock Inc. now owns 5,209,461 shares of the software maker’s stock valued at $199,472,000 after acquiring an additional 48,391 shares during the last quarter. Goldman Sachs Group Inc. boosted its stake in shares of Insight Enterprises by 13.8% in the fourth quarter. Goldman Sachs Group Inc. now owns 132,832 shares of the software maker’s stock valued at $5,086,000 after purchasing an additional 16,118 shares during the period. Aperio Group LLC boosted its stake in shares of Insight Enterprises by 115.1% in the fourth quarter. Aperio Group LLC now owns 27,862 shares of the software maker’s stock valued at $1,067,000 after purchasing an additional 14,910 shares during the period. Gratia Capital LLC boosted its stake in shares of Insight Enterprises by 991.8% in the fourth quarter. Gratia Capital LLC now owns 361,300 shares of the software maker’s stock valued at $13,834,000 after purchasing an additional 328,207 shares during the period. Finally, MetLife Investment Advisors LLC purchased a new position in shares of Insight Enterprises in the fourth quarter valued at approximately $673,000. Institutional investors and hedge funds own 96.97% of the company’s stock.
In related news, insider Steven W. Dodenhoff sold 9,678 shares of Insight Enterprises stock in a transaction that occurred on Tuesday, May 8th. The shares were sold at an average price of $45.29, for a total value of $438,316.62. Following the completion of the transaction, the insider now owns 34,043 shares in the company, valued at $1,541,807.47. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CFO Glynis Bryan sold 7,500 shares of Insight Enterprises stock in a transaction that occurred on Wednesday, May 9th. The stock was sold at an average price of $45.23, for a total transaction of $339,225.00. Following the completion of the transaction, the chief financial officer now owns 45,183 shares of the company’s stock, valued at approximately $2,043,627.09. The disclosure for this sale can be found here. In the last three months, insiders sold 70,231 shares of company stock valued at $3,249,128. Insiders own 1.77% of the company’s stock.
NASDAQ NSIT opened at $49.20 on Tuesday. The company has a quick ratio of 1.44, a current ratio of 1.58 and a debt-to-equity ratio of 0.28. Insight Enterprises, Inc. has a one year low of $32.10 and a one year high of $51.28. The company has a market capitalization of $1.78 billion, a PE ratio of 15.19 and a beta of 1.46.
Insight Enterprises (NASDAQ:NSIT) last posted its quarterly earnings data on Wednesday, May 2nd. The software maker reported $0.94 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.60 by $0.34. Insight Enterprises had a net margin of 1.57% and a return on equity of 15.75%. The business had revenue of $1.76 billion during the quarter, compared to analyst estimates of $1.53 billion. During the same quarter last year, the firm posted $0.38 earnings per share. The business’s revenue for the quarter was up 19.3% compared to the same quarter last year. equities research analysts anticipate that Insight Enterprises, Inc. will post 4.38 earnings per share for the current year.
NSIT has been the subject of several recent research reports. BidaskClub raised shares of Insight Enterprises from a “sell” rating to a “hold” rating in a research note on Friday, April 20th. Zacks Investment Research lowered shares of Insight Enterprises from a “buy” rating to a “hold” rating in a research note on Wednesday, April 18th. Finally, ValuEngine lowered shares of Insight Enterprises from a “hold” rating to a “sell” rating in a research note on Wednesday, May 2nd. One research analyst has rated the stock with a sell rating, one has issued a hold rating, one has given a buy rating and two have given a strong buy rating to the stock. Insight Enterprises currently has a consensus rating of “Buy” and a consensus price target of $48.00.
About Insight Enterprises
Insight Enterprises, Inc provides information technology (IT) hardware, software, and service solutions for small and medium sized firms, enterprises, governments, schools, and health care organizations in the United States, Canada, Europe, the Middle East, Africa, and the Asia-Pacific. It sources, stages, configures, integrates, tests, deploys, and maintains its products spanning endpoints to infrastructure; and provides infrastructure management solutions.
Want to see what other hedge funds are holding NSIT? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Insight Enterprises, Inc. (NASDAQ:NSIT).
Receive News & Ratings for Insight Enterprises Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Insight Enterprises and related companies with MarketBeat.com's FREE daily email newsletter.