Insight Enterprises, Inc. (NSIT) Stake Held by Barings LLC
Barings LLC held its position in shares of Insight Enterprises, Inc. (NASDAQ:NSIT) during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 6,400 shares of the software maker’s stock at the end of the second quarter. Barings LLC’s holdings in Insight Enterprises were worth $263,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
A number of other large investors have also bought and sold shares of the stock. PDT Partners LLC raised its position in Insight Enterprises by 31.0% in the second quarter. PDT Partners LLC now owns 89,309 shares of the software maker’s stock worth $3,571,000 after purchasing an additional 21,109 shares in the last quarter. Bayesian Capital Management LP raised its position in Insight Enterprises by 21.6% in the second quarter. Bayesian Capital Management LP now owns 6,423 shares of the software maker’s stock worth $257,000 after purchasing an additional 1,143 shares in the last quarter. Voya Investment Management LLC raised its position in Insight Enterprises by 139.4% in the second quarter. Voya Investment Management LLC now owns 37,575 shares of the software maker’s stock worth $1,503,000 after purchasing an additional 21,877 shares in the last quarter. OxFORD Asset Management LLP raised its position in Insight Enterprises by 54.6% in the second quarter. OxFORD Asset Management LLP now owns 50,404 shares of the software maker’s stock worth $2,016,000 after purchasing an additional 17,791 shares in the last quarter. Finally, Citadel Advisors LLC raised its position in Insight Enterprises by 100.6% in the second quarter. Citadel Advisors LLC now owns 57,263 shares of the software maker’s stock worth $2,290,000 after purchasing an additional 28,717 shares in the last quarter. 97.02% of the stock is owned by hedge funds and other institutional investors.
In other Insight Enterprises news, CFO Glynis Bryan sold 5,000 shares of the business’s stock in a transaction dated Monday, August 14th. The shares were sold at an average price of $41.90, for a total value of $209,500.00. Following the completion of the sale, the chief financial officer now owns 30,797 shares of the company’s stock, valued at approximately $1,290,394.30. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 1.38% of the company’s stock.
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Several research analysts recently issued reports on the stock. Zacks Investment Research lowered shares of Insight Enterprises from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, October 4th. Stifel Nicolaus reissued a “hold” rating and issued a $45.00 price target (up previously from $42.00) on shares of Insight Enterprises in a research report on Thursday, August 3rd. B. Riley raised shares of Insight Enterprises to a “buy” rating and set a $54.50 price target for the company in a research report on Tuesday, August 8th. Finally, BidaskClub lowered shares of Insight Enterprises from a “hold” rating to a “sell” rating in a research report on Wednesday, August 9th. Two research analysts have rated the stock with a sell rating, two have given a hold rating and one has given a buy rating to the company. The stock currently has a consensus rating of “Hold” and a consensus target price of $50.50.
Insight Enterprises, Inc. (NASDAQ NSIT) opened at 44.63 on Friday. The firm has a market cap of $1.60 billion, a price-to-earnings ratio of 16.58 and a beta of 1.67. Insight Enterprises, Inc. has a 52-week low of $28.15 and a 52-week high of $53.19. The company has a 50-day moving average of $43.08 and a 200 day moving average of $42.05.
Insight Enterprises (NASDAQ:NSIT) last posted its quarterly earnings data on Wednesday, August 2nd. The software maker reported $1.14 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.95 by $0.19. The firm had revenue of $1.68 billion during the quarter, compared to the consensus estimate of $1.68 billion. Insight Enterprises had a net margin of 1.61% and a return on equity of 14.93%. The business’s revenue for the quarter was up 15.4% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.97 EPS. On average, equities research analysts anticipate that Insight Enterprises, Inc. will post $3.23 EPS for the current year.
About Insight Enterprises
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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