Summit Trail Advisors LLC Purchases 192 Shares of Insight Enterprises, Inc. (NASDAQ:NSIT)

Summit Trail Advisors LLC grew its position in shares of Insight Enterprises, Inc. (NASDAQ:NSIT) by 4.7% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 4,298 shares of the software maker’s stock after purchasing an additional 192 shares during the quarter. Summit Trail Advisors LLC’s holdings in Insight Enterprises were worth $654,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of the company. Baron Wealth Management LLC grew its position in Insight Enterprises by 3.8% during the fourth quarter. Baron Wealth Management LLC now owns 1,570 shares of the software maker’s stock valued at $239,000 after acquiring an additional 58 shares during the last quarter. One Wealth Advisors LLC boosted its stake in shares of Insight Enterprises by 4.7% in the 3rd quarter. One Wealth Advisors LLC now owns 1,379 shares of the software maker’s stock valued at $297,000 after purchasing an additional 62 shares in the last quarter. Huntington National Bank grew its holdings in shares of Insight Enterprises by 7.3% during the 3rd quarter. Huntington National Bank now owns 995 shares of the software maker’s stock valued at $214,000 after purchasing an additional 68 shares during the last quarter. Quantinno Capital Management LP grew its holdings in shares of Insight Enterprises by 2.0% during 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 during the last quarter. Finally, Romano Brothers AND Company raised its position in Insight Enterprises by 2.7% in the 4th quarter. Romano Brothers AND Company now owns 3,850 shares of the software maker’s stock worth $586,000 after purchasing an additional 100 shares during the period.

Analysts Set New Price Targets

NSIT has been the topic of a number of recent research reports. Redburn Atlantic assumed coverage on Insight Enterprises in a research note on Friday, November 15th. They set a “buy” rating and a $220.00 price objective on the stock. Barrington Research reduced their price target on 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 investment analysts have rated the stock with a hold rating and two have given a buy rating to the company. According to MarketBeat.com, Insight Enterprises presently has a consensus rating of “Hold” and a consensus price target of $212.50.

Insight Enterprises Stock Performance

Shares of NASDAQ:NSIT opened at $167.51 on Wednesday. The company has a current ratio of 1.18, a quick ratio of 1.20 and a debt-to-equity ratio of 0.30. The company has a 50-day moving average price of $162.13 and a 200-day moving average price of $184.05. The company has a market cap of $5.32 billion, a price-to-earnings ratio of 25.69, a price-to-earnings-growth ratio of 1.43 and a beta of 1.42. Insight Enterprises, Inc. has a 12 month low of $146.56 and a 12 month high of $228.07.

Insight Enterprises (NASDAQ:NSIT) last released its quarterly earnings results on Thursday, February 6th. The software maker reported $2.66 EPS 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 business posted $2.98 earnings per share. As a group, equities 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.