GAMMA Investing LLC Invests $40,000 in Insight Enterprises, Inc. (NASDAQ:NSIT)

GAMMA Investing LLC purchased a new position in shares of Insight Enterprises, Inc. (NASDAQ:NSIT) during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 217 shares of the software maker’s stock, valued at approximately $40,000.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Vanguard Personalized Indexing Management LLC boosted its position in shares of Insight Enterprises by 22.7% during the third quarter. Vanguard Personalized Indexing Management LLC now owns 5,902 shares of the software maker’s stock worth $859,000 after purchasing an additional 1,093 shares in the last quarter. Vanguard Group Inc. boosted 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 in the last quarter. Vaughan Nelson Investment Management L.P. boosted its position in shares of Insight Enterprises by 3.8% during the fourth quarter. Vaughan Nelson Investment Management L.P. now owns 635,345 shares of the software maker’s stock worth $112,577,000 after purchasing an additional 23,085 shares in the last quarter. 13D Management LLC boosted its position in shares of Insight Enterprises by 11.6% during the third quarter. 13D Management LLC now owns 83,953 shares of the software maker’s stock worth $12,215,000 after purchasing an additional 8,721 shares in the last quarter. Finally, 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 worth $126,194,000 after purchasing an additional 247,049 shares in the last quarter.

Insight Enterprises Stock Up 8.6 %

Insight Enterprises stock opened at $193.74 on Friday. The firm has a market capitalization of $6.30 billion, a PE ratio of 24.37, a P/E/G ratio of 1.30 and a beta of 1.50. The company’s 50-day moving average is $184.54 and its 200-day moving average is $174.51. Insight Enterprises, Inc. has a fifty-two week low of $121.91 and a fifty-two week high of $194.57. The company has a debt-to-equity ratio of 0.31, a current ratio of 1.27 and a quick ratio of 1.23.

Insight Enterprises (NASDAQ:NSIT) last released its quarterly earnings data on Thursday, May 2nd. The software maker reported $2.37 earnings per share for the quarter, topping the consensus estimate of $1.82 by $0.55. The company had revenue of $2.38 billion for the quarter, compared to analyst estimates of $2.30 billion. Insight Enterprises had a net margin of 3.23% and a return on equity of 21.34%. Insight Enterprises’s revenue for the quarter was up 2.4% compared to the same quarter last year. During the same period in the previous year, the business earned $1.78 EPS. Sell-side analysts anticipate that Insight Enterprises, Inc. will post 10.59 earnings per share for the current year.

Analysts Set New Price Targets

Several equities research analysts recently commented on NSIT shares. Barrington Research reaffirmed an “outperform” rating and issued a $211.00 price objective on shares of Insight Enterprises in a research report on Tuesday, April 23rd. StockNews.com raised shares of Insight Enterprises from a “hold” rating to a “buy” rating in a research report on Friday. Stifel Nicolaus boosted their price objective on shares of Insight Enterprises from $170.00 to $192.00 and gave the company a “hold” rating in a research report on Monday, April 15th. Finally, JPMorgan Chase & Co. boosted their price objective on shares of Insight Enterprises from $193.00 to $195.00 and gave the company a “neutral” rating in a research report on Friday.

Insider Activity at Insight Enterprises

In related news, CAO Rachael Ann Bertrandt Crump sold 1,850 shares of the company’s stock in a transaction dated Thursday, February 22nd. The shares were sold at an average price of $182.67, for a total value of $337,939.50. Following the transaction, the chief accounting officer now owns 4,436 shares in the company, valued at approximately $810,324.12. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. In related news, insider Samuel C. Cowley sold 7,278 shares of the company’s stock in a transaction dated Tuesday, February 27th. The shares were sold at an average price of $187.62, for a total value of $1,365,498.36. Following the transaction, the insider now owns 23,009 shares in the company, valued at approximately $4,316,948.58. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Also, CAO Rachael Ann Bertrandt Crump sold 1,850 shares of the company’s stock in a transaction dated Thursday, February 22nd. The shares were sold at an average price of $182.67, for a total transaction of $337,939.50. Following the completion of the transaction, the chief accounting officer now owns 4,436 shares in the company, valued at approximately $810,324.12. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 20,918 shares of company stock worth $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.