Insight Enterprises, Inc. (NASDAQ:NSIT) Shares Acquired by Entropy Technologies LP

Entropy Technologies LP increased its holdings in shares of Insight Enterprises, Inc. (NASDAQ:NSIT) by 511.1% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 7,174 shares of the software maker’s stock after purchasing an additional 6,000 shares during the quarter. Entropy Technologies LP’s holdings in Insight Enterprises were worth $1,091,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Golden State Wealth Management LLC purchased a new stake in shares of Insight Enterprises during the 4th quarter worth approximately $32,000. R Squared Ltd acquired a new position in Insight Enterprises in the fourth quarter valued at $33,000. Blue Trust Inc. grew its holdings in shares of Insight Enterprises by 25.8% during the fourth quarter. Blue Trust Inc. now owns 677 shares of the software maker’s stock worth $103,000 after purchasing an additional 139 shares during the last quarter. KBC Group NV increased its position in shares of Insight Enterprises by 71.6% during the fourth quarter. KBC Group NV now owns 1,177 shares of the software maker’s stock worth $179,000 after purchasing an additional 491 shares in the last quarter. Finally, Coldstream Capital Management Inc. purchased a new stake in shares of Insight Enterprises in the 3rd quarter valued at about $203,000.

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on the company. Redburn Atlantic initiated coverage on Insight Enterprises in a research note on Friday, November 15th. They set a “buy” rating and a $220.00 price target on the stock. Barrington Research lowered their target price 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 company’s stock. Based on data from MarketBeat, Insight Enterprises has a consensus rating of “Hold” and a consensus target price of $212.50.

Insight Enterprises Stock Up 0.1 %

NSIT opened at $167.60 on Tuesday. Insight Enterprises, Inc. has a 52 week low of $146.56 and a 52 week high of $228.07. The business has a 50 day moving average price of $161.98 and a two-hundred day moving average price of $184.46. The company has a quick ratio of 1.20, a current ratio of 1.18 and a debt-to-equity ratio of 0.30. The company has a market cap of $5.32 billion, a PE ratio of 25.71, a P/E/G ratio of 1.43 and a beta of 1.42.

Insight Enterprises (NASDAQ:NSIT) last posted its quarterly earnings data on Thursday, February 6th. The software maker reported $2.66 earnings per share for the quarter, beating analysts’ consensus estimates of $2.53 by $0.13. Insight Enterprises had a net margin of 2.87% and a return on equity of 18.95%. During the same period last year, the business posted $2.98 EPS. As a group, research analysts anticipate that Insight Enterprises, Inc. will post 9.9 EPS for the current year.

About Insight Enterprises

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.