Huntington National Bank Purchases 68 Shares of Insight Enterprises, Inc. (NASDAQ:NSIT)

Huntington National Bank boosted its position in Insight Enterprises, Inc. (NASDAQ:NSIT) by 7.3% during the third quarter, HoldingsChannel.com reports. The fund owned 995 shares of the software maker’s stock after buying an additional 68 shares during the quarter. Huntington National Bank’s holdings in Insight Enterprises were worth $214,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in the company. Opal Wealth Advisors LLC bought a new position in Insight Enterprises in the 2nd quarter valued at approximately $38,000. EntryPoint Capital LLC acquired a new position in Insight Enterprises in the 1st quarter worth about $89,000. GAMMA Investing LLC raised its position in Insight Enterprises by 56.9% in the second quarter. GAMMA Investing LLC now owns 452 shares of the software maker’s stock valued at $90,000 after purchasing an additional 164 shares during the last quarter. Blue Trust Inc. grew its holdings in shares of Insight Enterprises by 40.8% during the second quarter. Blue Trust Inc. now owns 531 shares of the software maker’s stock worth $99,000 after purchasing an additional 154 shares during the last quarter. Finally, Ausbil Investment Management Ltd acquired a new position in shares of Insight Enterprises in the second quarter valued at approximately $195,000.

Analyst Ratings Changes

A number of equities research analysts have weighed in on the stock. Barrington Research reduced their target price on shares of Insight Enterprises from $225.00 to $205.00 and set an “outperform” rating on the stock in a report on Monday, November 4th. Redburn Atlantic assumed coverage on shares of Insight Enterprises in a research note on Friday. They issued a “buy” rating and a $220.00 price objective on the stock. Finally, JPMorgan Chase & Co. lowered their target price on Insight Enterprises from $233.00 to $225.00 and set a “neutral” rating for the company in a research report on Friday, August 2nd. Three investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $212.50.

Insight Enterprises Stock Down 0.7 %

Shares of NASDAQ NSIT opened at $151.50 on Monday. The company has a market capitalization of $4.81 billion, a P/E ratio of 19.06, a price-to-earnings-growth ratio of 1.32 and a beta of 1.48. The company has a debt-to-equity ratio of 0.43, a quick ratio of 1.20 and a current ratio of 1.24. Insight Enterprises, Inc. has a 52-week low of $147.28 and a 52-week high of $228.07. The company’s 50 day moving average price is $201.83 and its 200-day moving average price is $202.73.

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