Anchor Capital Advisors LLC Buys 464 Shares of Insight Enterprises, Inc. (NASDAQ:NSIT)

Anchor Capital Advisors LLC increased its stake in shares of Insight Enterprises, Inc. (NASDAQ:NSIT) by 13.7% in the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 3,858 shares of the software maker’s stock after buying an additional 464 shares during the period. Anchor Capital Advisors LLC’s holdings in Insight Enterprises were worth $684,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also modified their holdings of NSIT. SummerHaven Investment Management LLC increased its position in Insight Enterprises by 1.2% during the 4th quarter. SummerHaven Investment Management LLC now owns 4,892 shares of the software maker’s stock worth $867,000 after buying an additional 60 shares during the period. Blue Trust Inc. grew its stake in shares of Insight Enterprises by 13.2% in the fourth quarter. Blue Trust Inc. now owns 550 shares of the software maker’s stock valued at $97,000 after acquiring an additional 64 shares in the last quarter. Amalgamated Bank grew its stake in shares of Insight Enterprises by 0.6% in the third quarter. Amalgamated Bank now owns 13,219 shares of the software maker’s stock valued at $1,923,000 after acquiring an additional 73 shares in the last quarter. Exchange Traded Concepts LLC increased its position in Insight Enterprises by 0.8% during the fourth quarter. Exchange Traded Concepts LLC now owns 9,598 shares of the software maker’s stock worth $1,701,000 after acquiring an additional 77 shares during the period. Finally, Signaturefd LLC raised its stake in Insight Enterprises by 26.9% in the 4th quarter. Signaturefd LLC now owns 392 shares of the software maker’s stock worth $69,000 after purchasing an additional 83 shares in the last quarter.

Insight Enterprises Stock Performance

Shares of NASDAQ:NSIT opened at $182.57 on Wednesday. Insight Enterprises, Inc. has a 1 year low of $117.99 and a 1 year high of $194.57. The stock has a market capitalization of $5.94 billion, a price-to-earnings ratio of 24.18, a price-to-earnings-growth ratio of 1.33 and a beta of 1.51. The company has a debt-to-equity ratio of 0.34, a current ratio of 1.28 and a quick ratio of 1.23. The company’s 50 day simple moving average is $184.69 and its 200 day simple moving average is $174.02.

Insight Enterprises (NASDAQ:NSIT) last issued its earnings results on Thursday, February 15th. The software maker reported $2.98 earnings per share for the quarter, missing analysts’ consensus estimates of $3.04 by ($0.06). The business had revenue of $2.24 billion during the quarter, compared to analyst estimates of $2.41 billion. Insight Enterprises had a net margin of 3.07% and a return on equity of 20.64%. The company’s revenue for the quarter was down 10.7% compared to the same quarter last year. During the same period in the prior year, the business posted $2.53 EPS. As a group, research analysts predict that Insight Enterprises, Inc. will post 10.59 EPS for the current fiscal year.

Insider Transactions at Insight Enterprises

In related news, insider Samuel C. Cowley sold 7,278 shares of the stock in a transaction that occurred on Tuesday, February 27th. The shares were sold at an average price of $187.62, for a total value of $1,365,498.36. Following the completion of the transaction, the insider now owns 23,009 shares of the company’s stock, valued at approximately $4,316,948.58. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. In related news, insider Samuel C. Cowley sold 7,278 shares of the business’s stock in a transaction on Tuesday, February 27th. The stock was sold at an average price of $187.62, for a total transaction of $1,365,498.36. Following the sale, the insider now owns 23,009 shares in the company, valued at approximately $4,316,948.58. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Richard E. Allen sold 10,000 shares of the company’s stock in a transaction dated Tuesday, February 27th. The stock was sold at an average price of $185.34, for a total value of $1,853,400.00. Following the completion of the transaction, the director now directly owns 30,647 shares of the company’s stock, valued at approximately $5,680,114.98. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 20,918 shares of company stock valued at $3,888,203. 1.23% of the stock is currently owned by insiders.

Analysts Set New Price Targets

A number of research analysts have issued reports on the stock. Stifel Nicolaus increased their target price on shares of Insight Enterprises from $170.00 to $192.00 and gave the stock a “hold” rating in a research report on Monday, April 15th. StockNews.com lowered Insight Enterprises from a “buy” rating to a “hold” rating in a research note on Friday, January 26th. JPMorgan Chase & Co. lifted their price objective on Insight Enterprises from $188.00 to $193.00 and gave the company a “neutral” rating in a report on Thursday, April 11th. Finally, Barrington Research reissued an “outperform” rating and set a $211.00 target price on shares of Insight Enterprises in a report on Tuesday, April 23rd.

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.