Zurcher Kantonalbank Zurich Cantonalbank Boosts Stake in Insight Enterprises, Inc. (NASDAQ:NSIT)

Zurcher Kantonalbank Zurich Cantonalbank raised its position in Insight Enterprises, Inc. (NASDAQ:NSIT) by 11.4% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 7,522 shares of the software maker’s stock after buying an additional 769 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank’s holdings in Insight Enterprises were worth $1,333,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in NSIT. Pacer Advisors Inc. boosted its position in Insight Enterprises by 53.1% in the 4th 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. lifted its position in shares of Insight Enterprises by 6.4% during the third quarter. Vanguard Group Inc. now owns 4,111,475 shares of the software maker’s stock worth $598,220,000 after purchasing an additional 245,814 shares during the last quarter. Assenagon Asset Management S.A. bought a new position in shares of Insight Enterprises during the third quarter worth about $12,131,000. Kennedy Capital Management LLC lifted its position in shares of Insight Enterprises by 83.1% during the third quarter. Kennedy Capital Management LLC now owns 164,489 shares of the software maker’s stock worth $23,933,000 after purchasing an additional 74,655 shares during the last quarter. Finally, Tudor Investment Corp Et Al lifted its position in shares of Insight Enterprises by 169.4% during the third quarter. Tudor Investment Corp Et Al now owns 72,503 shares of the software maker’s stock worth $10,549,000 after purchasing an additional 45,588 shares during the last quarter.

Wall Street Analysts Forecast Growth

Several equities analysts have recently commented on the stock. Stifel Nicolaus increased their price target 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. JPMorgan Chase & Co. increased their price target on shares of Insight Enterprises from $188.00 to $193.00 and gave the stock a “neutral” rating in a research report on Thursday, April 11th. Barrington Research reaffirmed an “outperform” rating and set a $211.00 price target on shares of Insight Enterprises in a research report on Tuesday. Finally, StockNews.com cut shares of Insight Enterprises from a “buy” rating to a “hold” rating in a research report on Friday, January 26th.

Insight Enterprises Stock Performance

Shares of NSIT stock opened at $182.75 on Friday. The company has a quick ratio of 1.23, a current ratio of 1.28 and a debt-to-equity ratio of 0.34. The business has a 50 day moving average of $184.55 and a two-hundred day moving average of $172.92. Insight Enterprises, Inc. has a 52 week low of $117.99 and a 52 week high of $194.57. The company has a market cap of $5.95 billion, a P/E ratio of 24.21, a PEG ratio of 1.34 and a beta of 1.51.

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

Insider Activity

In other news, insider Samuel C. Cowley sold 7,278 shares of Insight Enterprises stock in a transaction that occurred 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 of the company’s stock, valued at $4,316,948.58. The transaction was disclosed in a filing with the SEC, which is accessible through this link. In other news, insider Samuel C. Cowley sold 7,278 shares of Insight Enterprises stock in a transaction that occurred 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 of the company’s stock, valued at $4,316,948.58. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, Director Richard E. Allen sold 10,000 shares of Insight Enterprises stock in a transaction that occurred on Tuesday, February 27th. The shares were sold at an average price of $185.34, for a total value of $1,853,400.00. Following the sale, the director now directly owns 30,647 shares in the company, valued at approximately $5,680,114.98. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 20,918 shares of company stock valued at $3,888,203. Insiders own 1.23% of the company’s stock.

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.