GAMMA Investing LLC Increases Stake in Insight Enterprises, Inc. (NASDAQ:NSIT)

GAMMA Investing LLC grew its position in Insight Enterprises, Inc. (NASDAQ:NSIT) by 32.7% in the 1st quarter, according to its most recent disclosure with the SEC. The fund owned 288 shares of the software maker’s stock after buying an additional 71 shares during the period. GAMMA Investing LLC’s holdings in Insight Enterprises were worth $53,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Norges Bank bought a new position in Insight Enterprises in the 4th quarter valued at approximately $58,687,000. Westfield Capital Management Co. LP bought a new position in shares of Insight Enterprises during the fourth quarter valued at $56,128,000. Pacer Advisors Inc. boosted its position in shares of Insight Enterprises by 53.1% during the fourth quarter. Pacer Advisors Inc. now owns 712,197 shares of the software maker’s stock valued at $126,194,000 after buying an additional 247,049 shares during the last quarter. Vanguard Group Inc. increased its holdings in Insight Enterprises by 6.4% in the 3rd quarter. Vanguard Group Inc. now owns 4,111,475 shares of the software maker’s stock worth $598,220,000 after buying an additional 245,814 shares in the last quarter. Finally, Capital Research Global Investors lifted its stake in Insight Enterprises by 43.6% during the 4th quarter. Capital Research Global Investors now owns 585,929 shares of the software maker’s stock valued at $103,821,000 after acquiring an additional 177,943 shares during the period.

Analyst Upgrades and Downgrades

A number of analysts have recently commented on the stock. Stifel Nicolaus lifted their price target on shares of Insight Enterprises from $170.00 to $192.00 and gave the stock a “hold” rating in a research note on Monday, April 15th. StockNews.com lowered shares of Insight Enterprises from a “buy” rating to a “hold” rating in a research note on Monday, June 17th. Barrington Research raised their price target on Insight Enterprises from $211.00 to $225.00 and gave the stock an “outperform” rating in a research note on Thursday, May 9th. Finally, JPMorgan Chase & Co. upped their price objective on Insight Enterprises from $193.00 to $195.00 and gave the company a “neutral” rating in a research report on Friday, May 3rd.

Insiders Place Their Bets

In other news, Director Holdings L.P. Valueact sold 450,000 shares of the stock in a transaction on Wednesday, May 29th. The shares were sold at an average price of $192.49, for a total value of $86,620,500.00. Following the completion of the sale, the director now directly owns 4,061,739 shares of the company’s stock, valued at $781,844,140.11. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. In related news, CEO Joyce A. Mullen sold 10,000 shares of the business’s stock in a transaction that occurred on Thursday, May 9th. The stock was sold at an average price of $201.08, for a total value of $2,010,800.00. Following the transaction, the chief executive officer now directly owns 40,807 shares of the company’s stock, valued at approximately $8,205,471.56. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, Director Holdings L.P. Valueact sold 450,000 shares of the company’s stock in a transaction that occurred on Wednesday, May 29th. The stock was sold at an average price of $192.49, for a total value of $86,620,500.00. Following the completion of the transaction, the director now owns 4,061,739 shares of the company’s stock, valued at $781,844,140.11. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 462,750 shares of company stock worth $89,169,833. Company insiders own 1.23% of the company’s stock.

Insight Enterprises Trading Up 0.5 %

Shares of Insight Enterprises stock opened at $202.72 on Tuesday. Insight Enterprises, Inc. has a 1-year low of $131.59 and a 1-year high of $212.44. The company’s fifty day simple moving average is $196.72 and its 200-day simple moving average is $188.15. The company has a debt-to-equity ratio of 0.31, a current ratio of 1.27 and a quick ratio of 1.22. The stock has a market capitalization of $6.60 billion, a PE ratio of 25.50, a P/E/G ratio of 1.57 and a beta of 1.50.

Insight Enterprises (NASDAQ:NSIT) last released its earnings results on Thursday, May 2nd. The software maker reported $2.37 earnings per share for the quarter, beating the consensus estimate of $1.82 by $0.55. Insight Enterprises had a return on equity of 21.34% and a net margin of 3.23%. The company had revenue of $2.38 billion for the quarter, compared to the consensus estimate of $2.30 billion. During the same period in the previous year, the business earned $1.78 earnings per share. Insight Enterprises’s quarterly revenue was up 2.4% compared to the same quarter last year. As a group, equities analysts anticipate that Insight Enterprises, Inc. will post 10.78 earnings per share for the current year.

About Insight Enterprises

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.