Renaissance Technologies LLC purchased a new stake in shares of Insight Enterprises, Inc. (NASDAQ:NSIT) during the first quarter, Holdings Channel reports. The fund purchased 46,973 shares of the software maker’s stock, valued at approximately $1,930,000.

Several other hedge funds and other institutional investors have also recently made changes to their positions in the stock. Vanguard Group Inc. boosted its position in shares of Insight Enterprises by 4.6% in the first quarter. Vanguard Group Inc. now owns 3,242,716 shares of the software maker’s stock valued at $133,243,000 after buying an additional 144,077 shares during the last quarter. Acadian Asset Management LLC boosted its position in shares of Insight Enterprises by 5.8% in the first quarter. Acadian Asset Management LLC now owns 1,308,316 shares of the software maker’s stock valued at $53,758,000 after buying an additional 72,041 shares during the last quarter. Aberdeen Asset Management PLC UK boosted its position in shares of Insight Enterprises by 23.5% in the first quarter. Aberdeen Asset Management PLC UK now owns 945,702 shares of the software maker’s stock valued at $38,859,000 after buying an additional 180,256 shares during the last quarter. Bank of New York Mellon Corp boosted its position in shares of Insight Enterprises by 32.1% in the first quarter. Bank of New York Mellon Corp now owns 592,543 shares of the software maker’s stock valued at $24,348,000 after buying an additional 144,059 shares during the last quarter. Finally, Frontier Capital Management Co. LLC boosted its position in shares of Insight Enterprises by 3.1% in the first quarter. Frontier Capital Management Co. LLC now owns 547,002 shares of the software maker’s stock valued at $22,476,000 after buying an additional 16,519 shares during the last quarter. 98.38% of the stock is currently owned by hedge funds and other institutional investors.

Shares of Insight Enterprises, Inc. (NASDAQ NSIT) traded down 2.13% on Friday, hitting $39.02. 118,033 shares of the stock traded hands. The company has a market cap of $1.40 billion, a PE ratio of 14.49 and a beta of 1.63. The firm’s 50 day moving average is $41.39 and its 200-day moving average is $42.00. Insight Enterprises, Inc. has a 12 month low of $28.15 and a 12 month high of $53.19.

Insight Enterprises (NASDAQ:NSIT) last posted its quarterly earnings data on Wednesday, August 2nd. The software maker reported $1.14 EPS for the quarter, topping analysts’ consensus estimates of $0.95 by $0.19. The firm had revenue of $1.68 billion during the quarter, compared to analysts’ expectations of $1.68 billion. Insight Enterprises had a return on equity of 14.93% and a net margin of 1.61%. The firm’s quarterly revenue was up 15.4% compared to the same quarter last year. During the same quarter last year, the business posted $0.97 EPS. Equities analysts predict that Insight Enterprises, Inc. will post $3.23 earnings per share for the current year.

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Several research analysts have recently weighed in on NSIT shares. B. Riley raised shares of Insight Enterprises to a “buy” rating and set a $54.50 price target on the stock in a research report on Tuesday, August 8th. Zacks Investment Research cut shares of Insight Enterprises from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, July 5th. Stifel Nicolaus boosted their price target on shares of Insight Enterprises from $36.00 to $42.00 and gave the company a “hold” rating in a research report on Thursday, May 4th. Finally, BidaskClub cut shares of Insight Enterprises from a “buy” rating to a “hold” rating in a research report on Saturday, June 17th. Two analysts have rated the stock with a sell rating, one has given a hold rating and two have issued a buy rating to the stock. The stock currently has an average rating of “Hold” and an average target price of $50.50.

In related news, CFO Glynis Bryan sold 5,000 shares of Insight Enterprises stock in a transaction dated Monday, August 14th. The stock was sold at an average price of $41.90, for a total transaction of $209,500.00. Following the completion of the sale, the chief financial officer now owns 30,797 shares in the company, valued at approximately $1,290,394.30. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Company insiders own 1.23% of the company’s stock.

Insight Enterprises Company Profile

Insight Enterprises, Inc is engaged in providing information technology (IT) hardware, software, and cloud and service solutions to business, government, healthcare and educational clients. The Company operates through three segments: North America, EMEA and APAC. North America comprises the United States and Canada; EMEA comprises Europe, the Middle East and Africa, and APAC comprises Asia Pacific.

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Institutional Ownership by Quarter for Insight Enterprises (NASDAQ:NSIT)

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