Natixis Advisors L.P. Acquires 7,190 Shares of Insight Enterprises, Inc. (NASDAQ:NSIT)

Natixis Advisors L.P. increased its stake in Insight Enterprises, Inc. (NASDAQ:NSIT) by 7.0% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 110,097 shares of the software maker’s stock after buying an additional 7,190 shares during the period. Natixis Advisors L.P. owned 0.34% of Insight Enterprises worth $19,508,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Vanguard Personalized Indexing Management LLC raised its stake in shares of Insight Enterprises by 22.7% during the third quarter. Vanguard Personalized Indexing Management LLC now owns 5,902 shares of the software maker’s stock valued at $859,000 after acquiring an additional 1,093 shares in the last quarter. Vanguard Group Inc. raised its stake in Insight Enterprises by 6.4% in the third quarter. Vanguard Group Inc. now owns 4,111,475 shares of the software maker’s stock worth $598,220,000 after buying an additional 245,814 shares in the last quarter. Vaughan Nelson Investment Management L.P. lifted its position in Insight Enterprises by 3.8% during the fourth quarter. Vaughan Nelson Investment Management L.P. now owns 635,345 shares of the software maker’s stock valued at $112,577,000 after acquiring an additional 23,085 shares during the last quarter. 13D Management LLC boosted its stake in Insight Enterprises by 11.6% in the third quarter. 13D Management LLC now owns 83,953 shares of the software maker’s stock valued at $12,215,000 after acquiring an additional 8,721 shares in the last quarter. Finally, Pacer Advisors Inc. grew its holdings in Insight Enterprises by 53.1% in the fourth quarter. Pacer Advisors Inc. now owns 712,197 shares of the software maker’s stock worth $126,194,000 after purchasing an additional 247,049 shares during the last quarter.

Insiders Place Their Bets

In related news, Director Richard E. Allen sold 10,000 shares of the business’s stock in a transaction on Tuesday, February 27th. The shares were sold at an average price of $185.34, for a total value of $1,853,400.00. Following the completion of the transaction, the director now directly owns 30,647 shares in the company, valued at approximately $5,680,114.98. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. In other Insight Enterprises news, CAO Rachael Ann Bertrandt Crump sold 1,850 shares of the company’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 transaction, the chief accounting officer now directly owns 4,436 shares in the company, valued at $810,324.12. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Richard E. Allen sold 10,000 shares of Insight Enterprises stock in a transaction dated Tuesday, February 27th. The shares were sold at an average price of $185.34, for a total transaction of $1,853,400.00. Following the completion of the sale, the director now owns 30,647 shares in the company, valued at approximately $5,680,114.98. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 20,918 shares of company stock worth $3,888,203. Corporate insiders own 1.23% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms have recently weighed in on NSIT. StockNews.com raised Insight Enterprises from a “hold” rating to a “buy” rating in a research report on Friday. Barrington Research restated an “outperform” rating and set a $211.00 price target on shares of Insight Enterprises in a research note on Tuesday, April 23rd. Stifel Nicolaus lifted their target price on shares of Insight Enterprises from $170.00 to $192.00 and gave the stock a “hold” rating in a research note on Monday, April 15th. Finally, JPMorgan Chase & Co. raised their price target on shares of Insight Enterprises from $193.00 to $195.00 and gave the stock a “neutral” rating in a report on Friday.

Insight Enterprises Stock Performance

NSIT opened at $193.74 on Monday. The firm has a 50 day moving average of $184.54 and a two-hundred day moving average of $174.69. The firm has a market capitalization of $6.31 billion, a PE ratio of 24.37, a P/E/G ratio of 1.40 and a beta of 1.50. The company has a current ratio of 1.27, a quick ratio of 1.22 and a debt-to-equity ratio of 0.31. Insight Enterprises, Inc. has a 12-month low of $121.91 and a 12-month high of $194.57.

Insight Enterprises (NASDAQ:NSIT) last posted its quarterly earnings results on Thursday, May 2nd. The software maker reported $2.37 EPS for the quarter, beating the consensus estimate of $1.82 by $0.55. The company had revenue of $2.38 billion for the quarter, compared to analyst estimates of $2.30 billion. Insight Enterprises had a net margin of 3.23% and a return on equity of 21.34%. The firm’s revenue was up 2.4% on a year-over-year basis. During the same period in the prior year, the company earned $1.78 earnings per share. On average, analysts anticipate that Insight Enterprises, Inc. will post 10.68 EPS for the current year.

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.