Insight Enterprises, Inc. (NSIT) Shares Bought by Martingale Asset Management L P
Martingale Asset Management L P increased its stake in Insight Enterprises, Inc. (NASDAQ:NSIT) by 17.7% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 67,319 shares of the software maker’s stock after buying an additional 10,111 shares during the period. Martingale Asset Management L P owned about 0.19% of Insight Enterprises worth $2,693,000 at the end of the most recent reporting period.
Other large investors also recently modified their holdings of the company. Victory Capital Management Inc. increased its stake in shares of Insight Enterprises by 17.6% in the second quarter. Victory Capital Management Inc. now owns 2,567 shares of the software maker’s stock worth $103,000 after buying an additional 385 shares during the last quarter. Ameritas Investment Partners Inc. bought a new stake in shares of Insight Enterprises in the first quarter worth $123,000. Invictus RG bought a new stake in shares of Insight Enterprises in the first quarter worth $199,000. State of Alaska Department of Revenue increased its stake in shares of Insight Enterprises by 80.0% in the second quarter. State of Alaska Department of Revenue now owns 7,057 shares of the software maker’s stock worth $282,000 after buying an additional 3,137 shares during the last quarter. Finally, Pacad Investment Ltd. increased its stake in shares of Insight Enterprises by 16.9% in the second quarter. Pacad Investment Ltd. now owns 7,600 shares of the software maker’s stock worth $304,000 after buying an additional 1,100 shares during the last quarter. Institutional investors and hedge funds own 97.01% of the company’s stock.
Insight Enterprises, Inc. (NASDAQ:NSIT) opened at 41.29 on Monday. The firm has a market cap of $1.48 billion, a P/E ratio of 15.34 and a beta of 1.63. The firm has a 50-day moving average of $40.55 and a 200-day moving average of $41.66. Insight Enterprises, Inc. has a 12-month low of $28.15 and a 12-month high of $53.19.
Insight Enterprises (NASDAQ:NSIT) last issued its earnings results on Wednesday, August 2nd. The software maker reported $1.14 EPS for the quarter, beating analysts’ consensus estimates of $0.95 by $0.19. The business had revenue of $1.68 billion during the quarter, compared to analyst estimates of $1.68 billion. Insight Enterprises had a return on equity of 14.93% and a net margin of 1.61%. Insight Enterprises’s revenue was up 15.4% on a year-over-year basis. During the same period in the prior year, the company posted $0.97 earnings per share. On average, analysts expect that Insight Enterprises, Inc. will post $3.23 EPS for the current year.
In related news, CFO Glynis Bryan sold 5,000 shares of the company’s stock in a transaction on Monday, August 14th. The stock was sold at an average price of $41.90, for a total value of $209,500.00. Following the completion of the transaction, the chief financial officer now directly owns 30,797 shares in the company, valued at $1,290,394.30. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 1.38% of the company’s stock.
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A number of analysts recently issued reports on NSIT shares. BidaskClub lowered shares of Insight Enterprises from a “buy” rating to a “hold” rating in a research note on Saturday, June 17th. Zacks Investment Research downgraded shares of Insight Enterprises from a “strong-buy” rating to a “hold” rating in a report on Wednesday, July 5th. B. Riley reaffirmed a “neutral” rating and issued a $48.00 price objective on shares of Insight Enterprises in a report on Tuesday, August 1st. Finally, Stifel Nicolaus reaffirmed a “hold” rating and issued a $45.00 price objective (up previously from $42.00) on shares of Insight Enterprises in a report on Thursday, August 3rd. Two research analysts have rated the stock with a sell rating, one has issued a hold rating and two have issued a buy rating to the stock. The company has a consensus rating of “Hold” and an average price target of $50.50.
Insight Enterprises Company Profile
Insight Enterprises, Inc is engaged in providing information technology (IT) hardware, software, and cloud and service solutions to business, government, healthcare and educational clients. The Company operates through three segments: North America, EMEA and APAC. North America comprises the United States and Canada; EMEA comprises Europe, the Middle East and Africa, and APAC comprises Asia Pacific.
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