Insight Enterprises, Inc. (NASDAQ:NSIT) Short Interest Update

Insight Enterprises, Inc. (NASDAQ:NSIT) was the recipient of a significant increase in short interest in March. As of March 15th, there was short interest totalling 1,670,000 shares, an increase of 36.9% from the February 28th total of 1,220,000 shares. Based on an average daily volume of 410,300 shares, the short-interest ratio is presently 4.1 days. Currently, 5.3% of the company’s stock are short sold.

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of the stock. Cerity Partners LLC raised its stake in Insight Enterprises by 54.4% during the 3rd quarter. Cerity Partners LLC now owns 2,813 shares of the software maker’s stock worth $606,000 after acquiring an additional 991 shares in the last quarter. Glenmede Trust Co. NA grew its holdings in shares of Insight Enterprises by 5.0% during the third quarter. Glenmede Trust Co. NA now owns 2,513 shares of the software maker’s stock worth $541,000 after purchasing an additional 119 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its position in shares of Insight Enterprises by 0.8% during the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 60,091 shares of the software maker’s stock worth $12,943,000 after purchasing an additional 472 shares in the last quarter. Rockefeller Capital Management L.P. lifted its holdings in shares of Insight Enterprises by 6.9% in the 3rd quarter. Rockefeller Capital Management L.P. now owns 62,927 shares of the software maker’s stock valued at $13,554,000 after purchasing an additional 4,055 shares during the last quarter. Finally, Needham Investment Management LLC acquired a new stake in shares of Insight Enterprises in the 3rd quarter valued at about $1,077,000.

Insight Enterprises Stock Down 2.0 %

Insight Enterprises stock traded down $2.99 during midday trading on Tuesday, reaching $147.00. The company’s stock had a trading volume of 533,577 shares, compared to its average volume of 297,226. The company has a market cap of $4.67 billion, a P/E ratio of 22.55, a P/E/G ratio of 1.40 and a beta of 1.40. The company has a quick ratio of 1.15, a current ratio of 1.18 and a debt-to-equity ratio of 0.30. The business has a 50-day simple moving average of $161.14 and a 200-day simple moving average of $172.71. Insight Enterprises has a fifty-two week low of $145.20 and a fifty-two week high of $228.07.

Insight Enterprises (NASDAQ:NSIT) last issued its earnings results on Thursday, February 6th. The software maker reported $2.66 earnings per share 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 quarter last year, the firm posted $2.98 EPS. On average, research analysts expect that Insight Enterprises will post 9.89 earnings per share for the current fiscal year.

Insight Enterprises Company 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.