Truvestments Capital LLC Purchases 1,383 Shares of Insight Enterprises, Inc. (NASDAQ:NSIT)

Truvestments Capital LLC increased its position in Insight Enterprises, Inc. (NASDAQ:NSIT) by 45.9% during the 4th quarter, Holdings Channel reports. The firm owned 4,396 shares of the software maker’s stock after acquiring an additional 1,383 shares during the quarter. Truvestments Capital LLC’s holdings in Insight Enterprises were worth $669,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also bought and sold shares of the stock. Pacer Advisors Inc. boosted its position in Insight Enterprises by 26.6% during the 4th quarter. Pacer Advisors Inc. now owns 1,073,262 shares of the software maker’s stock valued at $163,243,000 after acquiring an additional 225,283 shares in the last quarter. Geode Capital Management LLC boosted its position in Insight Enterprises by 1.7% during the 3rd quarter. Geode Capital Management LLC now owns 659,483 shares of the software maker’s stock valued at $142,073,000 after acquiring an additional 10,711 shares in the last quarter. Charles Schwab Investment Management Inc. boosted its position in Insight Enterprises by 30.1% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 368,951 shares of the software maker’s stock valued at $79,468,000 after acquiring an additional 85,428 shares in the last quarter. Bank of New York Mellon Corp lifted its holdings in shares of Insight Enterprises by 9.2% during the 4th quarter. Bank of New York Mellon Corp now owns 260,838 shares of the software maker’s stock valued at $39,674,000 after purchasing an additional 21,876 shares during the last quarter. Finally, Hennessy Advisors Inc. purchased a new stake in shares of Insight Enterprises during the 4th quarter valued at $39,242,000.

Insight Enterprises Stock Performance

Shares of NSIT stock opened at $154.54 on Wednesday. The firm has a market capitalization of $4.91 billion, a price-to-earnings ratio of 23.70, a price-to-earnings-growth ratio of 1.40 and a beta of 1.40. The company has a debt-to-equity ratio of 0.30, a current ratio of 1.18 and a quick ratio of 1.15. The business has a fifty day moving average of $162.76 and a 200 day moving average of $178.79. Insight Enterprises, Inc. has a 1 year low of $146.56 and a 1 year high of $228.07.

Insight Enterprises (NASDAQ:NSIT) last released 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 return on equity of 18.95% and a net margin of 2.87%. During the same quarter last year, the company posted $2.98 earnings per share. As a group, research analysts expect that Insight Enterprises, Inc. will post 9.89 earnings per share for the current year.

Analyst Ratings Changes

Separately, Redburn Atlantic assumed coverage on Insight Enterprises in a report on Friday, November 15th. They set a “buy” rating and a $220.00 price objective for the company. Three equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. Based on data from MarketBeat, Insight Enterprises currently has an average 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.