Renaissance Technologies LLC Grows Stock Position in Insight Enterprises, Inc. $NSIT

Renaissance Technologies LLC boosted its holdings in Insight Enterprises, Inc. (NASDAQ:NSIT) by 31.9% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 180,573 shares of the software maker’s stock after acquiring an additional 43,700 shares during the period. Renaissance Technologies LLC’s holdings in Insight Enterprises were worth $12,100,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also recently added to or reduced their stakes in the business. Allspring Global Investments Holdings LLC lifted its holdings in shares of Insight Enterprises by 31.5% in the fourth quarter. Allspring Global Investments Holdings LLC now owns 250,509 shares of the software maker’s stock valued at $21,033,000 after purchasing an additional 59,987 shares in the last quarter. Country Trust Bank increased its stake in shares of Insight Enterprises by 45.6% during the 4th quarter. Country Trust Bank now owns 279,375 shares of the software maker’s stock worth $22,761,000 after purchasing an additional 87,538 shares in the last quarter. WINTON GROUP Ltd purchased a new position in shares of Insight Enterprises during the 4th quarter worth approximately $4,400,000. BNP Paribas Financial Markets raised its position in shares of Insight Enterprises by 21.9% during the 4th quarter. BNP Paribas Financial Markets now owns 188,444 shares of the software maker’s stock worth $15,353,000 after purchasing an additional 33,880 shares during the last quarter. Finally, SG Americas Securities LLC raised its position in shares of Insight Enterprises by 264.5% during the 4th quarter. SG Americas Securities LLC now owns 18,904 shares of the software maker’s stock worth $1,540,000 after purchasing an additional 13,718 shares during the last quarter.

Insider Activity at Insight Enterprises

In other news, CFO James A. Morgado acquired 2,290 shares of the company’s stock in a transaction dated Monday, May 11th. The stock was acquired at an average cost of $87.25 per share, for a total transaction of $199,802.50. Following the acquisition, the chief financial officer directly owned 17,246 shares in the company, valued at approximately $1,504,713.50. This represents a 15.31% increase in their position. The purchase was disclosed in a legal filing with the SEC, which is available at this link. 1.21% of the stock is currently owned by insiders.

Insight Enterprises Price Performance

Insight Enterprises stock opened at $128.93 on Friday. Insight Enterprises, Inc. has a 1 year low of $63.62 and a 1 year high of $142.43. The firm has a 50 day moving average price of $114.29 and a 200 day moving average price of $91.94. The company has a market cap of $3.89 billion, a price-to-earnings ratio of 22.54, a PEG ratio of 1.18 and a beta of 1.08. The company has a debt-to-equity ratio of 0.92, a quick ratio of 1.17 and a current ratio of 1.22.

Insight Enterprises (NASDAQ:NSIT) last posted its quarterly earnings results on Thursday, May 7th. The software maker reported $2.88 earnings per share for the quarter, topping analysts’ consensus estimates of $2.45 by $0.43. The company had revenue of $2.13 billion for the quarter, compared to the consensus estimate of $2.12 billion. Insight Enterprises had a net margin of 2.17% and a return on equity of 20.89%. Insight Enterprises’s revenue was up 1.2% on a year-over-year basis. During the same quarter last year, the firm posted $2.06 earnings per share. Insight Enterprises has set its FY 2026 guidance at 11.000-11.500 EPS. Sell-side analysts predict that Insight Enterprises, Inc. will post 10.89 earnings per share for the current year.

Analyst Ratings Changes

A number of equities research analysts have commented on the company. JPMorgan Chase & Co. upgraded Insight Enterprises from an “underweight” rating to a “neutral” rating and set a $105.00 target price on the stock in a report on Wednesday, May 27th. Raymond James Financial raised Insight Enterprises from a “market perform” rating to an “outperform” rating and set a $100.00 price target for the company in a report on Thursday, May 7th. Canaccord Genuity Group set a $75.00 price objective on Insight Enterprises in a research report on Friday, May 8th. Weiss Ratings raised Insight Enterprises from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Wednesday, June 17th. Finally, Zacks Research upgraded Insight Enterprises from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, July 7th. One equities research analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating and three have issued a Hold rating to the company’s stock. According to MarketBeat, Insight Enterprises has a consensus rating of “Moderate Buy” and an average price target of $100.00.

About Insight Enterprises

Insight Enterprises, Inc is a global technology provider headquartered in Tempe, Arizona. Founded in 1988, the company specializes in helping organizations harness the power of digital transformation by offering a comprehensive portfolio of IT hardware, software, cloud and licensing management solutions. Insight’s expertise spans across the full technology lifecycle, from initial strategy and consulting to implementation, integration and ongoing managed services.

At the core of Insight’s business are its consulting and professional services, which guide clients through complex technology environments and ensure optimal deployment of solutions.