Paralel Advisors LLC Acquires 1,232 Shares of Insight Enterprises, Inc. (NASDAQ:NSIT)

Paralel Advisors LLC grew its holdings in shares of Insight Enterprises, Inc. (NASDAQ:NSIT) by 10.0% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 13,536 shares of the software maker’s stock after acquiring an additional 1,232 shares during the quarter. Paralel Advisors LLC’s holdings in Insight Enterprises were worth $2,059,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Golden State Wealth Management LLC acquired a new position in shares of Insight Enterprises in the fourth quarter valued at approximately $32,000. R Squared Ltd bought a new position in shares of Insight Enterprises in the 4th quarter worth $33,000. J.Safra Asset Management Corp lifted its holdings 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 worth $37,000 after purchasing an additional 71 shares in the last quarter. Smartleaf Asset Management LLC lifted its holdings 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 worth $76,000 after purchasing an additional 374 shares in the last quarter. Finally, Blue Trust Inc. raised its position in 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 last quarter.

Insight Enterprises Stock Performance

Shares of NASDAQ NSIT traded down $5.22 during trading on Thursday, hitting $133.66. The company had a trading volume of 3,490 shares, compared to its average volume of 305,380. The stock has a 50 day simple moving average of $155.14 and a 200 day simple moving average of $168.99. The firm has a market capitalization of $4.25 billion, a P/E ratio of 20.84, a price-to-earnings-growth ratio of 1.40 and a beta of 1.31. Insight Enterprises, Inc. has a 12 month low of $126.10 and a 12 month 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.

Insight Enterprises (NASDAQ:NSIT) last released its quarterly earnings results on Thursday, February 6th. The software maker reported $2.66 earnings per share for the quarter, beating 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 in the previous year, the firm posted $2.98 earnings per share. As a group, analysts anticipate that Insight Enterprises, Inc. will post 9.89 earnings per share for the current year.

Analysts Set New Price Targets

Separately, Barrington Research cut their price target on Insight Enterprises from $205.00 to $164.00 and set an “outperform” rating for the company in a research note on Friday, April 4th. Three investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $202.25.

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.