Insight Enterprises, Inc. (NASDAQ:NSIT) Shares Purchased by Tevis Investment Management

Tevis Investment Management grew its position in Insight Enterprises, Inc. (NASDAQ:NSIT) by 13.6% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 2,015 shares of the software maker’s stock after purchasing an additional 241 shares during the period. Tevis Investment Management’s holdings in Insight Enterprises were worth $434,000 as of its most recent SEC filing.

Other large investors also recently made changes to their positions in the company. Opal Wealth Advisors LLC acquired a new stake in Insight Enterprises in the 2nd quarter valued at approximately $38,000. EntryPoint Capital LLC bought a new stake in shares of Insight Enterprises during the first quarter valued at about $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 worth $90,000 after purchasing an additional 164 shares during the period. Blue Trust Inc. grew its position in Insight Enterprises by 40.8% in the 2nd quarter. Blue Trust Inc. now owns 531 shares of the software maker’s stock valued at $99,000 after buying an additional 154 shares in the last quarter. Finally, First Foundation Advisors acquired a new position in Insight Enterprises during the 1st quarter valued at about $195,000.

Insight Enterprises Trading Down 3.1 %

Shares of NASDAQ:NSIT opened at $203.89 on Thursday. The company has a debt-to-equity ratio of 0.36, a quick ratio of 1.19 and a current ratio of 1.22. The stock has a market capitalization of $6.64 billion, a price-to-earnings ratio of 25.33, a PEG ratio of 1.63 and a beta of 1.45. Insight Enterprises, Inc. has a 1-year low of $139.34 and a 1-year high of $228.07. The company has a 50 day moving average price of $212.44 and a 200 day moving average price of $203.91.

Insight Enterprises (NASDAQ:NSIT) last released its quarterly earnings data on Thursday, October 31st. The software maker reported $2.19 earnings per share for the quarter, missing the consensus estimate of $2.37 by ($0.18). The company had revenue of $2.09 billion for the quarter, compared to the consensus estimate of $2.34 billion. Insight Enterprises had a return on equity of 20.38% and a net margin of 3.38%. The business’s revenue was down 7.9% compared to the same quarter last year. During the same period in the prior year, the business earned $2.37 earnings per share. On average, research analysts anticipate that Insight Enterprises, Inc. will post 10.68 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

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

Insider Buying and Selling

In other Insight Enterprises news, insider Jennifer M. Vasin sold 739 shares of the company’s stock in a transaction dated Monday, August 19th. The shares were 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 directly owns 5,460 shares of the company’s stock, valued at approximately $1,124,923.80. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 1.23% of the stock is currently owned by company insiders.

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.