Cornerstone Investment Partners LLC Grows Stock Holdings in Insight Enterprises, Inc. (NASDAQ:NSIT)

Cornerstone Investment Partners LLC increased its stake in shares of Insight Enterprises, Inc. (NASDAQ:NSIT) by 5.8% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 1,371 shares of the software maker’s stock after acquiring an additional 75 shares during the period. Cornerstone Investment Partners LLC’s holdings in Insight Enterprises were worth $209,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also made changes to their positions in NSIT. Baron Wealth Management LLC grew its holdings in shares of Insight Enterprises by 3.8% during the 4th quarter. Baron Wealth Management LLC now owns 1,570 shares of the software maker’s stock worth $239,000 after purchasing an additional 58 shares during the period. Huntington National Bank increased its stake in Insight Enterprises by 7.3% during the 3rd quarter. Huntington National Bank now owns 995 shares of the software maker’s stock worth $214,000 after buying an additional 68 shares during the period. Quantinno Capital Management LP increased its position in shares of Insight Enterprises by 2.0% during the third quarter. Quantinno Capital Management LP now owns 3,456 shares of the software maker’s stock worth $744,000 after acquiring an additional 68 shares during the period. Romano Brothers AND Company grew its stake in Insight Enterprises by 2.7% during the 4th quarter. Romano Brothers AND Company now owns 3,850 shares of the software maker’s stock worth $586,000 after purchasing an additional 100 shares in the last quarter. Finally, Wealth Enhancement Advisory Services LLC increased its stake in shares of Insight Enterprises by 10.0% during the third quarter. Wealth Enhancement Advisory Services LLC now owns 1,182 shares of the software maker’s stock worth $255,000 after buying an additional 107 shares during the period.

Insight Enterprises Price Performance

Insight Enterprises stock opened at $152.90 on Wednesday. Insight Enterprises, Inc. has a 1 year low of $146.56 and a 1 year high of $228.07. The company has a debt-to-equity ratio of 0.30, a quick ratio of 1.15 and a current ratio of 1.18. The firm has a 50 day moving average price of $162.54 and a 200 day moving average price of $180.58. The company has a market cap of $4.86 billion, a price-to-earnings ratio of 23.45, a PEG ratio of 1.40 and a beta of 1.42.

Insight Enterprises (NASDAQ:NSIT) last released its quarterly earnings data on Thursday, February 6th. The software maker reported $2.66 EPS for the quarter, topping analysts’ consensus estimates of $2.53 by $0.13. Insight Enterprises had a return on equity of 18.95% and a net margin of 2.87%. During the same quarter in the prior year, the business posted $2.98 earnings per share. Sell-side analysts predict that Insight Enterprises, Inc. will post 9.89 earnings per share for the current year.

Analyst Upgrades and Downgrades

Separately, Redburn Atlantic started coverage on Insight Enterprises in a research report on Friday, November 15th. They set a “buy” rating and a $220.00 target price on the stock. Three research analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. According to MarketBeat, Insight Enterprises currently has a consensus rating of “Hold” and a consensus target price of $212.50.

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.