Quantinno Capital Management LP Acquires 68 Shares of Insight Enterprises, Inc. (NASDAQ:NSIT)

Quantinno Capital Management LP grew its holdings in shares of Insight Enterprises, Inc. (NASDAQ:NSIT) by 2.0% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 3,456 shares of the software maker’s stock after acquiring an additional 68 shares during the quarter. Quantinno Capital Management LP’s holdings in Insight Enterprises were worth $744,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently modified their holdings of NSIT. Blue Trust Inc. lifted its position in Insight Enterprises by 40.8% during the second quarter. Blue Trust Inc. now owns 531 shares of the software maker’s stock valued at $99,000 after purchasing an additional 154 shares during the last quarter. Fifth Third Wealth Advisors LLC bought a new stake in shares of Insight Enterprises during the 2nd quarter worth $200,000. Tevis Investment Management grew its position in Insight Enterprises by 3.5% in the second quarter. Tevis Investment Management now owns 1,774 shares of the software maker’s stock worth $352,000 after acquiring an additional 60 shares in the last quarter. SummerHaven Investment Management LLC increased its stake in Insight Enterprises by 1.6% in the second quarter. SummerHaven Investment Management LLC now owns 5,020 shares of the software maker’s stock valued at $996,000 after acquiring an additional 77 shares during the last quarter. Finally, Louisiana State Employees Retirement System raised its position in Insight Enterprises by 1.5% during the second quarter. Louisiana State Employees Retirement System now owns 13,900 shares of the software maker’s stock valued at $2,757,000 after purchasing an additional 200 shares in the last quarter.

Analyst Upgrades and Downgrades

NSIT has been the topic of several recent research reports. Redburn Atlantic started coverage on Insight Enterprises in a research report on Friday, November 15th. They set a “buy” rating and a $220.00 price objective on the stock. Barrington Research reduced their price target on shares of Insight Enterprises from $225.00 to $205.00 and set an “outperform” rating on the stock in a research report on Monday, November 4th. Three research analysts have rated the stock with a hold rating and two have given a buy rating to the stock. According to MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $212.50.

Insight Enterprises Stock Down 2.5 %

NSIT opened at $158.94 on Friday. Insight Enterprises, Inc. has a 12 month low of $146.56 and a 12 month high of $228.07. The company has a current ratio of 1.24, a quick ratio of 1.20 and a debt-to-equity ratio of 0.43. The business’s 50-day moving average price is $180.70 and its 200-day moving average price is $196.28. The company has a market cap of $5.05 billion, a P/E ratio of 19.99, a P/E/G ratio of 1.42 and a beta of 1.42.

Insight Enterprises (NASDAQ:NSIT) last announced its quarterly earnings results on Thursday, October 31st. The software maker reported $2.19 EPS for the quarter, missing analysts’ consensus estimates of $2.37 by ($0.18). Insight Enterprises had a return on equity of 19.71% and a net margin of 3.42%. The company had revenue of $2.09 billion during the quarter, compared to analysts’ expectations of $2.34 billion. During the same period last year, the firm earned $2.37 earnings per share. Insight Enterprises’s revenue for the quarter was down 7.9% on a year-over-year basis. On average, equities analysts expect that Insight Enterprises, Inc. will post 9.55 EPS for the current 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.