949 Shares in Insight Enterprises, Inc. (NASDAQ:NSIT) Purchased by Coldstream Capital Management Inc.

Coldstream Capital Management Inc. acquired a new stake in shares of Insight Enterprises, Inc. (NASDAQ:NSIT) during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor acquired 949 shares of the software maker’s stock, valued at approximately $203,000.

Other large investors also recently bought and sold shares of the company. Blue Trust Inc. lifted its stake in 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. Fifth Third Wealth Advisors LLC bought a new position in shares of Insight Enterprises in the 2nd quarter worth about $200,000. Tevis Investment Management boosted its holdings in shares of Insight Enterprises by 3.5% in the 2nd quarter. Tevis Investment Management now owns 1,774 shares of the software maker’s stock valued at $352,000 after buying an additional 60 shares during the period. SummerHaven Investment Management LLC grew its position in shares of Insight Enterprises by 1.6% during the 2nd quarter. SummerHaven Investment Management LLC now owns 5,020 shares of the software maker’s stock valued at $996,000 after buying an additional 77 shares during the last quarter. Finally, Louisiana State Employees Retirement System raised its stake in Insight Enterprises by 1.5% during the second quarter. Louisiana State Employees Retirement System now owns 13,900 shares of the software maker’s stock worth $2,757,000 after acquiring an additional 200 shares during the period.

Wall Street Analyst Weigh In

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

Insight Enterprises Stock Performance

NSIT opened at $155.75 on Wednesday. The company has a current ratio of 1.24, a quick ratio of 1.20 and a debt-to-equity ratio of 0.43. The business’s 50 day moving average is $179.53 and its 200-day moving average is $195.98. The stock has a market cap of $4.95 billion, a PE ratio of 19.61, a price-to-earnings-growth ratio of 1.39 and a beta of 1.42. Insight Enterprises, Inc. has a twelve month low of $146.56 and a twelve month high of $228.07.

Insight Enterprises (NASDAQ:NSIT) last announced its quarterly earnings results 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). The business had revenue of $2.09 billion for the quarter, compared to analyst estimates of $2.34 billion. Insight Enterprises had a return on equity of 19.71% and a net margin of 3.42%. The company’s revenue was down 7.9% compared to the same quarter last year. During the same quarter last year, the firm posted $2.37 EPS. On average, analysts predict that Insight Enterprises, Inc. will post 9.55 earnings per share for the current year.

Insight Enterprises Company 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.