J.Safra Asset Management Corp Acquires 71 Shares of Insight Enterprises, Inc. (NASDAQ:NSIT)

J.Safra Asset Management Corp boosted its holdings in Insight Enterprises, Inc. (NASDAQ:NSIT) by 40.8% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 245 shares of the software maker’s stock after purchasing an additional 71 shares during the quarter. J.Safra Asset Management Corp’s holdings in Insight Enterprises were worth $37,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Geode Capital Management LLC boosted its stake in Insight Enterprises by 1.7% in the 3rd quarter. Geode Capital Management LLC now owns 659,483 shares of the software maker’s stock worth $142,073,000 after purchasing an additional 10,711 shares during the period. EULAV Asset Management boosted its stake in Insight Enterprises by 7.2% in the 3rd quarter. EULAV Asset Management now owns 49,879 shares of the software maker’s stock worth $10,743,000 after purchasing an additional 3,359 shares during the period. Alberta Investment Management Corp bought a new position in shares of Insight Enterprises during the 4th quarter valued at approximately $2,494,000. Principal Financial Group Inc. boosted its position in shares of Insight Enterprises by 1.2% during the 4th quarter. Principal Financial Group Inc. now owns 143,544 shares of the software maker’s stock valued at $21,833,000 after acquiring an additional 1,653 shares during the last quarter. Finally, Barclays PLC boosted its position in shares of Insight Enterprises by 178.3% during the 3rd quarter. Barclays PLC now owns 56,402 shares of the software maker’s stock valued at $12,150,000 after acquiring an additional 36,132 shares during the last quarter.

Wall Street Analysts Forecast Growth

Separately, Redburn Atlantic initiated coverage on Insight Enterprises in a research report on Friday, November 15th. They set a “buy” rating and a $220.00 target price for the company. Three investment analysts have rated the stock with a hold rating and two have issued a buy rating to the company. Based on data from MarketBeat, Insight Enterprises presently has an average rating of “Hold” and an average price target of $212.50.

Insight Enterprises Stock Performance

NASDAQ:NSIT opened at $154.72 on Thursday. The stock’s fifty day moving average is $162.52 and its 200 day moving average is $180.22. Insight Enterprises, Inc. has a fifty-two week low of $146.56 and a fifty-two week high of $228.07. The firm has a market capitalization of $4.92 billion, a PE ratio of 23.73, a PEG ratio of 1.40 and a beta of 1.42. The company has a debt-to-equity ratio of 0.30, a quick ratio of 1.15 and a current ratio of 1.18.

Insight Enterprises (NASDAQ:NSIT) last released its quarterly earnings results on Thursday, February 6th. The software maker reported $2.66 earnings per share for the quarter, beating the consensus estimate 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 firm posted $2.98 EPS. On average, sell-side analysts anticipate that Insight Enterprises, Inc. will post 9.89 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.