16,400 Shares in Insight Enterprises, Inc. (NASDAQ:NSIT) Acquired by Alberta Investment Management Corp

Alberta Investment Management Corp purchased a new stake in Insight Enterprises, Inc. (NASDAQ:NSIT) in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm purchased 16,400 shares of the software maker’s stock, valued at approximately $2,494,000. Alberta Investment Management Corp owned 0.05% of Insight Enterprises as of its most recent SEC filing.

Several other institutional investors have also modified their holdings of the business. Baron Wealth Management LLC boosted its holdings in Insight Enterprises by 3.8% in the fourth quarter. Baron Wealth Management LLC now owns 1,570 shares of the software maker’s stock valued at $239,000 after purchasing an additional 58 shares during the period. Huntington National Bank increased its holdings in Insight Enterprises by 7.3% during the 3rd quarter. Huntington National Bank now owns 995 shares of the software maker’s stock worth $214,000 after purchasing an additional 68 shares during the period. Quantinno Capital Management LP raised its position in Insight Enterprises by 2.0% in the 3rd quarter. Quantinno Capital Management LP now owns 3,456 shares of the software maker’s stock valued at $744,000 after purchasing an additional 68 shares in the last quarter. Romano Brothers AND Company boosted its stake in shares of Insight Enterprises by 2.7% in the 4th quarter. Romano Brothers AND Company now owns 3,850 shares of the software maker’s stock valued at $586,000 after buying an additional 100 shares during the period. Finally, Wealth Enhancement Advisory Services LLC grew its position in shares of Insight Enterprises by 10.0% during the third quarter. Wealth Enhancement Advisory Services LLC now owns 1,182 shares of the software maker’s stock worth $255,000 after buying an additional 107 shares in the last quarter.

Insight Enterprises Stock Down 0.9 %

Insight Enterprises stock opened at $166.00 on Friday. The stock’s 50 day moving average price is $162.78 and its 200 day moving average price is $182.30. Insight Enterprises, Inc. has a 1-year low of $146.56 and a 1-year high of $228.07. The company has a market cap of $5.28 billion, a PE ratio of 25.46, a price-to-earnings-growth ratio of 1.42 and a beta of 1.42. The company has a debt-to-equity ratio of 0.30, a current ratio of 1.18 and a quick ratio of 1.15.

Insight Enterprises (NASDAQ:NSIT) last issued its earnings results on Thursday, February 6th. The software maker reported $2.66 EPS for the quarter, topping the consensus estimate 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 quarter last year, the company posted $2.98 EPS. On average, sell-side analysts predict that Insight Enterprises, Inc. will post 9.89 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several research firms have recently issued reports on NSIT. Barrington Research decreased their price objective on shares of Insight Enterprises from $225.00 to $205.00 and set an “outperform” rating for the company in a research report on Monday, November 4th. Redburn Atlantic began coverage on Insight Enterprises in a report on Friday, November 15th. They set a “buy” rating and a $220.00 price target for the company. Three investment analysts have rated the stock with a hold rating and two have given a buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $212.50.

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.