Assetmark Inc. Has $2.76 Million Stake in Insight Enterprises, Inc. (NASDAQ:NSIT)

Assetmark Inc. boosted its holdings in shares of Insight Enterprises, Inc. (NASDAQ:NSIT) by 27.7% in the fourth quarter, HoldingsChannel reports. The firm owned 18,144 shares of the software maker’s stock after acquiring an additional 3,940 shares during the period. Assetmark Inc.’s holdings in Insight Enterprises were worth $2,760,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of NSIT. Golden State Wealth Management LLC acquired a new stake in Insight Enterprises during the 4th quarter valued at $32,000. R Squared Ltd acquired a new stake in shares of Insight Enterprises in the 4th quarter valued at $33,000. J.Safra Asset Management Corp increased its stake in shares of Insight Enterprises by 40.8% in the 4th quarter. J.Safra Asset Management Corp now owns 245 shares of the software maker’s stock valued at $37,000 after buying an additional 71 shares during the period. Smartleaf Asset Management LLC increased its stake in shares of Insight Enterprises by 287.7% in the 4th quarter. Smartleaf Asset Management LLC now owns 504 shares of the software maker’s stock valued at $76,000 after buying an additional 374 shares during the period. Finally, Blue Trust Inc. increased its stake in shares of Insight Enterprises by 25.8% in the 4th quarter. Blue Trust Inc. now owns 677 shares of the software maker’s stock valued at $103,000 after buying an additional 139 shares during the period.

Insight Enterprises Stock Up 2.3 %

NASDAQ NSIT opened at $156.31 on Monday. Insight Enterprises, Inc. has a 52 week low of $146.56 and a 52 week 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 stock has a market capitalization of $4.97 billion, a P/E ratio of 23.97, a price-to-earnings-growth ratio of 1.40 and a beta of 1.40. The stock has a fifty day moving average of $162.58 and a 200-day moving average of $179.13.

Insight Enterprises (NASDAQ:NSIT) last posted its quarterly earnings results on Thursday, February 6th. The software maker reported $2.66 earnings per share (EPS) for the quarter, topping the consensus estimate 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 period last year, the company posted $2.98 EPS. On average, equities research analysts forecast that Insight Enterprises, Inc. will post 9.89 EPS for the current year.

Analysts Set New Price Targets

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

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.