22,065 Shares in Insight Enterprises, Inc. (NASDAQ:NSIT) Purchased by Assenagon Asset Management S.A.

Assenagon Asset Management S.A. bought a new position in shares of Insight Enterprises, Inc. (NASDAQ:NSIT) in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund bought 22,065 shares of the software maker’s stock, valued at approximately $4,753,000. Assenagon Asset Management S.A. owned 0.07% of Insight Enterprises as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently modified their holdings of the company. Opal Wealth Advisors LLC acquired a new position in Insight Enterprises in the second quarter valued at approximately $38,000. EntryPoint Capital LLC acquired a new position in Insight Enterprises in the first quarter valued at approximately $89,000. GAMMA Investing LLC lifted its holdings in Insight Enterprises by 56.9% in the second quarter. GAMMA Investing LLC now owns 452 shares of the software maker’s stock valued at $90,000 after acquiring an additional 164 shares during the period. Blue Trust Inc. lifted its holdings in Insight Enterprises by 40.8% in the second quarter. Blue Trust Inc. now owns 531 shares of the software maker’s stock valued at $99,000 after acquiring an additional 154 shares during the period. Finally, First Foundation Advisors acquired a new position in Insight Enterprises in the first quarter valued at approximately $195,000.

Insight Enterprises Trading Up 1.7 %

Shares of NASDAQ:NSIT opened at $210.34 on Wednesday. Insight Enterprises, Inc. has a 52 week low of $139.34 and a 52 week high of $228.07. The company’s 50 day moving average is $212.32 and its two-hundred day moving average is $203.71. The company has a current ratio of 1.22, a quick ratio of 1.19 and a debt-to-equity ratio of 0.36. The company has a market cap of $6.85 billion, a PE ratio of 26.17, a P/E/G ratio of 1.63 and a beta of 1.45.

Insight Enterprises (NASDAQ:NSIT) last posted its earnings results on Thursday, August 1st. The software maker reported $2.46 EPS for the quarter, missing analysts’ consensus estimates of $2.82 by ($0.36). The company had revenue of $2.16 billion during the quarter, compared to analysts’ expectations of $2.47 billion. Insight Enterprises had a net margin of 3.38% and a return on equity of 20.38%. The company’s quarterly revenue was down 8.0% on a year-over-year basis. During the same period last year, the business earned $2.56 earnings per share. Equities analysts predict that Insight Enterprises, Inc. will post 10.68 earnings per share for the current fiscal year.

Insider Transactions at Insight Enterprises

In other news, insider Jennifer M. Vasin sold 739 shares of the stock in a transaction dated Monday, August 19th. The shares were sold at an average price of $206.03, for a total value of $152,256.17. Following the completion of the transaction, the insider now owns 5,460 shares in the company, valued at $1,124,923.80. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Company insiders own 1.23% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts have issued reports on NSIT shares. Barrington Research reissued an “outperform” rating and issued a $225.00 price target on shares of Insight Enterprises in a report on Friday, September 20th. JPMorgan Chase & Co. lowered their price target on shares of Insight Enterprises from $233.00 to $225.00 and set a “neutral” rating on the stock in a research report on Friday, August 2nd. StockNews.com lowered shares of Insight Enterprises from a “buy” rating to a “hold” rating in a report on Friday, July 5th. Finally, Stifel Nicolaus boosted their target price on shares of Insight Enterprises from $192.00 to $200.00 and gave the company a “hold” rating in a report on Wednesday, July 17th.

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.