Entropy Technologies LP Buys Shares of 1,174 Insight Enterprises, Inc. (NASDAQ:NSIT)

Entropy Technologies LP purchased a new position in shares of Insight Enterprises, Inc. (NASDAQ:NSIT) in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund purchased 1,174 shares of the software maker’s stock, valued at approximately $253,000.

Several other institutional investors and hedge funds have also made changes to their positions in NSIT. Opal Wealth Advisors LLC acquired a new position in Insight Enterprises during the second quarter worth about $38,000. GAMMA Investing LLC lifted its stake in Insight Enterprises by 56.9% in the 2nd quarter. GAMMA Investing LLC now owns 452 shares of the software maker’s stock valued at $90,000 after buying an additional 164 shares in the last quarter. EntryPoint Capital LLC acquired a new stake in Insight Enterprises during the 1st quarter valued at $89,000. Blue Trust Inc. increased its position in Insight Enterprises by 40.8% during the second quarter. Blue Trust Inc. now owns 531 shares of the software maker’s stock worth $99,000 after buying an additional 154 shares in the last quarter. Finally, Ausbil Investment Management Ltd acquired a new position in shares of Insight Enterprises in the second quarter worth $195,000.

Analyst Ratings Changes

A number of analysts recently commented on the company. JPMorgan Chase & Co. dropped their price objective on Insight Enterprises from $233.00 to $225.00 and set a “neutral” rating for the company in a research report on Friday, August 2nd. Redburn Atlantic began coverage on shares of Insight Enterprises in a research report on Friday. They issued a “buy” rating and a $220.00 price objective for the company. Finally, Barrington Research decreased their target price on shares of Insight Enterprises from $225.00 to $205.00 and set an “outperform” rating on the stock in a research report on Monday, November 4th. Three research analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. According to MarketBeat, Insight Enterprises presently has a consensus rating of “Hold” and an average price target of $212.50.

Insight Enterprises Trading Down 0.7 %

Shares of NSIT stock opened at $151.50 on Friday. The firm’s 50-day simple moving average is $201.83 and its 200-day simple moving average is $202.52. The company has a debt-to-equity ratio of 0.43, a current ratio of 1.24 and a quick ratio of 1.20. Insight Enterprises, Inc. has a 1-year low of $147.28 and a 1-year high of $228.07. The firm has a market cap of $4.81 billion, a P/E ratio of 19.06, a PEG ratio of 1.38 and a beta of 1.48.

Insight Enterprises (NASDAQ:NSIT) last announced its quarterly earnings results on Thursday, October 31st. The software maker reported $2.19 earnings per share for the quarter, missing analysts’ consensus estimates of $2.37 by ($0.18). The company had revenue of $2.09 billion during the quarter, compared to analyst estimates of $2.34 billion. Insight Enterprises had a net margin of 3.42% and a return on equity of 19.71%. The firm’s revenue for the quarter was down 7.9% compared to the same quarter last year. During the same quarter last year, the business earned $2.37 EPS. As a group, equities analysts forecast that Insight Enterprises, Inc. will post 9.55 EPS for the current year.

Insiders Place Their Bets

In other news, insider Jennifer M. Vasin sold 739 shares of the business’s stock in a transaction dated Monday, August 19th. The stock was sold at an average price of $206.03, for a total transaction of $152,256.17. Following the completion of the sale, the insider now owns 5,460 shares in the company, valued at approximately $1,124,923.80. The trade was a 11.92 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 1.23% of the stock is currently owned by insiders.

Insight Enterprises Company 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.