Insight Enterprises, Inc. $NSIT Stock Holdings Increased by KLP Kapitalforvaltning AS

KLP Kapitalforvaltning AS raised its holdings in shares of Insight Enterprises, Inc. (NASDAQ:NSIT) by 7.4% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 5,800 shares of the software maker’s stock after acquiring an additional 400 shares during the period. KLP Kapitalforvaltning AS’s holdings in Insight Enterprises were worth $801,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Bessemer Group Inc. raised its stake in shares of Insight Enterprises by 79.2% in the 1st quarter. Bessemer Group Inc. now owns 190 shares of the software maker’s stock worth $29,000 after buying an additional 84 shares in the last quarter. Janney Montgomery Scott LLC acquired a new stake in Insight Enterprises during the 1st quarter worth about $952,000. WCM Investment Management LLC boosted its position in Insight Enterprises by 60.9% during the 1st quarter. WCM Investment Management LLC now owns 114,047 shares of the software maker’s stock worth $17,406,000 after acquiring an additional 43,186 shares during the period. Penobscot Investment Management Company Inc. grew its stake in Insight Enterprises by 241.8% in the first quarter. Penobscot Investment Management Company Inc. now owns 13,127 shares of the software maker’s stock valued at $1,969,000 after purchasing an additional 9,287 shares in the last quarter. Finally, TT International Asset Management LTD purchased a new position in Insight Enterprises in the first quarter valued at about $3,705,000.

Analysts Set New Price Targets

NSIT has been the topic of a number of recent research reports. JPMorgan Chase & Co. boosted their target price on Insight Enterprises from $152.00 to $165.00 and gave the company a “neutral” rating in a research note on Thursday, July 17th. Weiss Ratings restated a “hold (c-)” rating on shares of Insight Enterprises in a research note on Wednesday, October 8th. Finally, Barrington Research reaffirmed an “outperform” rating and issued a $164.00 price target on shares of Insight Enterprises in a research report on Monday, September 15th. Two analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $183.00.

Insight Enterprises Price Performance

Shares of NASDAQ:NSIT opened at $108.76 on Friday. Insight Enterprises, Inc. has a fifty-two week low of $105.78 and a fifty-two week high of $224.51. The company has a debt-to-equity ratio of 0.83, a current ratio of 1.29 and a quick ratio of 1.26. The stock has a market capitalization of $3.42 billion, a P/E ratio of 25.96, a P/E/G ratio of 0.99 and a beta of 1.13. The business has a 50-day moving average of $121.20 and a two-hundred day moving average of $130.54.

Insight Enterprises (NASDAQ:NSIT) last posted its quarterly earnings data on Thursday, July 31st. The software maker reported $2.45 earnings per share for the quarter, missing the consensus estimate of $2.49 by ($0.04). Insight Enterprises had a return on equity of 18.68% and a net margin of 1.79%.The business had revenue of $2.09 billion for the quarter, compared to analyst estimates of $2.15 billion. During the same period in the prior year, the firm posted $2.46 EPS. Insight Enterprises’s revenue for the quarter was down 3.3% on a year-over-year basis. Insight Enterprises has set its FY 2025 guidance at 9.700-10.10 EPS. On average, equities research analysts predict that Insight Enterprises, Inc. will post 9.89 EPS for the current fiscal year.

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.