Amundi Raises Position in Insight Enterprises, Inc. (NASDAQ:NSIT)

Amundi lifted its stake in shares of Insight Enterprises, Inc. (NASDAQ:NSIT) by 183.3% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 14,176 shares of the software maker’s stock after buying an additional 9,172 shares during the quarter. Amundi’s holdings in Insight Enterprises were worth $2,233,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Bank Julius Baer & Co. Ltd Zurich purchased a new stake in Insight Enterprises during the 4th quarter worth $117,000. Raymond James Financial Inc. acquired a new stake in shares of Insight Enterprises during the fourth quarter valued at about $532,000. Assetmark Inc. increased its position in shares of Insight Enterprises by 27.7% during the fourth quarter. Assetmark Inc. now owns 18,144 shares of the software maker’s stock worth $2,760,000 after acquiring an additional 3,940 shares during the last quarter. J.Safra Asset Management Corp lifted its stake in shares of Insight Enterprises by 40.8% in the fourth quarter. J.Safra Asset Management Corp now owns 245 shares of the software maker’s stock worth $37,000 after acquiring an additional 71 shares in the last quarter. Finally, Cornerstone Investment Partners LLC boosted its holdings in Insight Enterprises by 5.8% in the fourth quarter. Cornerstone Investment Partners LLC now owns 1,371 shares of the software maker’s stock valued at $209,000 after purchasing an additional 75 shares during the last quarter.

Insight Enterprises Price Performance

NSIT stock opened at $154.87 on Tuesday. The stock’s 50 day moving average is $162.93 and its two-hundred day moving average is $176.63. Insight Enterprises, Inc. has a 52-week low of $146.56 and a 52-week high of $228.07. The company has a market capitalization of $4.92 billion, a PE ratio of 23.75, a P/E/G ratio of 1.40 and a beta of 1.40. The company has a quick ratio of 1.15, a current ratio of 1.18 and a debt-to-equity ratio of 0.30.

Insight Enterprises (NASDAQ:NSIT) last released its quarterly earnings results on Thursday, February 6th. The software maker reported $2.66 earnings per share for the quarter, topping analysts’ consensus estimates of $2.53 by $0.13. Insight Enterprises had a net margin of 2.87% and a return on equity of 18.95%. During the same quarter in the prior year, the company earned $2.98 earnings per share. Analysts predict that Insight Enterprises, Inc. will post 9.89 earnings per share for the current fiscal 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.