209 Shares in Insight Enterprises, Inc. (NASDAQ:NSIT) Bought by Golden State Wealth Management LLC

Golden State Wealth Management LLC bought a new position in Insight Enterprises, Inc. (NASDAQ:NSIT) in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund bought 209 shares of the software maker’s stock, valued at approximately $32,000.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in NSIT. Baron Wealth Management LLC lifted its stake 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 worth $239,000 after purchasing an additional 58 shares during the last quarter. One Wealth Advisors LLC lifted its stake in Insight Enterprises by 4.7% in the third quarter. One Wealth Advisors LLC now owns 1,379 shares of the software maker’s stock worth $297,000 after purchasing an additional 62 shares during the last quarter. Huntington National Bank lifted its stake in Insight Enterprises by 7.3% in the third 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 last quarter. Quantinno Capital Management LP lifted its stake in Insight Enterprises by 2.0% in the third quarter. Quantinno Capital Management LP now owns 3,456 shares of the software maker’s stock worth $744,000 after purchasing an additional 68 shares during the last quarter. Finally, Romano Brothers AND Company lifted its stake in Insight Enterprises by 2.7% in the fourth 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 last quarter.

Insight Enterprises Price Performance

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

Insight Enterprises (NASDAQ:NSIT) last posted its earnings results on Thursday, February 6th. The software maker reported $2.66 EPS for the quarter, topping analysts’ consensus estimates 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 period in the prior year, the firm posted $2.98 earnings per share. As a group, equities research analysts anticipate that Insight Enterprises, Inc. will post 9.9 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several research firms have weighed in on NSIT. Redburn Atlantic started coverage on shares of Insight Enterprises in a research note on Friday, November 15th. They issued a “buy” rating and a $220.00 price target for the company. Barrington Research dropped their target price on shares of Insight Enterprises from $225.00 to $205.00 and set an “outperform” rating for the company in a report on Monday, November 4th. Three equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price 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.