Livforsakringsbolaget Skandia Omsesidigt Acquires Shares of 1,000 Insight Enterprises, Inc. (NASDAQ:NSIT)

Livforsakringsbolaget Skandia Omsesidigt acquired a new stake in shares of Insight Enterprises, Inc. (NASDAQ:NSIT) in the 4th quarter, HoldingsChannel reports. The institutional investor acquired 1,000 shares of the software maker’s stock, valued at approximately $177,000.

Other institutional investors and hedge funds have also bought and sold shares of the company. Federated Hermes Inc. boosted its holdings in shares of Insight Enterprises by 40.2% in the third quarter. Federated Hermes Inc. now owns 366 shares of the software maker’s stock worth $30,000 after acquiring an additional 105 shares during the period. Ronald Blue Trust Inc. boosted its holdings in shares of Insight Enterprises by 182.6% in the third quarter. Ronald Blue Trust Inc. now owns 486 shares of the software maker’s stock worth $71,000 after acquiring an additional 314 shares during the period. Anchor Investment Management LLC bought a new position in shares of Insight Enterprises in the fourth quarter worth $89,000. International Assets Investment Management LLC bought a new position in shares of Insight Enterprises in the fourth quarter worth $94,000. Finally, Blue Trust Inc. boosted its holdings in shares of Insight Enterprises by 13.2% in the fourth quarter. Blue Trust Inc. now owns 550 shares of the software maker’s stock worth $97,000 after acquiring an additional 64 shares during the period.

Insight Enterprises Trading Up 0.1 %

NASDAQ NSIT opened at $181.00 on Friday. The stock’s 50-day simple moving average is $185.17 and its two-hundred day simple moving average is $171.52. Insight Enterprises, Inc. has a twelve month low of $117.99 and a twelve month high of $194.57. 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 company has a market capitalization of $5.89 billion, a price-to-earnings ratio of 23.97, a PEG ratio of 1.31 and a beta of 1.51.

Insight Enterprises (NASDAQ:NSIT) last released its quarterly earnings results on Thursday, February 15th. The software maker reported $2.98 earnings per share 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 firm had revenue of $2.24 billion for the quarter, compared to analysts’ expectations of $2.41 billion. During the same quarter in the previous year, the business earned $2.53 EPS. The company’s revenue for the quarter was down 10.7% on a year-over-year basis. Research analysts forecast that Insight Enterprises, Inc. will post 10.59 EPS for the current fiscal year.

Insider Transactions at Insight Enterprises

In other news, insider Samuel C. Cowley sold 7,278 shares of Insight Enterprises stock in a transaction dated Tuesday, February 27th. The stock was 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 $4,316,948.58. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. In other Insight Enterprises news, CAO Rachael Ann Bertrandt Crump sold 1,850 shares of the business’s stock in a transaction on 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 sale, the chief accounting officer now directly 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 is available through this link. Also, insider Samuel C. Cowley sold 7,278 shares of the company’s stock in a transaction 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 completion of the transaction, the insider now directly owns 23,009 shares of the company’s stock, valued at approximately $4,316,948.58. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 20,918 shares of company stock worth $3,888,203. Company insiders own 1.23% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts recently issued reports on NSIT shares. Stifel Nicolaus lifted their price objective on Insight Enterprises from $170.00 to $192.00 and gave the company a “hold” rating in a research note on Monday. StockNews.com lowered Insight Enterprises from a “buy” rating to a “hold” rating in a research note on Friday, January 26th. Barrington Research reissued an “outperform” rating and set a $211.00 price objective on shares of Insight Enterprises in a research note on Tuesday, March 5th. Finally, JPMorgan Chase & Co. lifted their price objective on Insight Enterprises from $188.00 to $193.00 and gave the company a “neutral” rating in a research note on Thursday, April 11th.

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.