Truvestments Capital LLC Takes Position in Insight Enterprises, Inc. (NASDAQ:NSIT)

by · The Cerbat Gem

Truvestments Capital LLC purchased a new position in Insight Enterprises, Inc. (NASDAQ:NSIT – Free Report) during the 1st quarter, HoldingsChannel reports. The fund purchased 2,206 shares of the software maker’s stock, valued at approximately $409,000.

Several other large investors also recently added to or reduced their stakes in the business. GAMMA Investing LLC purchased a new position in shares of Insight Enterprises during the fourth quarter worth about $40,000. SRS Capital Advisors Inc. purchased a new position in Insight Enterprises in the fourth quarter worth $46,000. Signaturefd LLC increased its stake in Insight Enterprises by 26.9% in the fourth quarter. Signaturefd LLC now owns 392 shares of the software maker’s stock valued at $69,000 after acquiring an additional 83 shares during the last quarter. EntryPoint Capital LLC bought a new position in Insight Enterprises during the first quarter valued at approximately $89,000. Finally, International Assets Investment Management LLC bought a new position in Insight Enterprises during the fourth quarter valued at approximately $94,000.

Insight Enterprises Trading Up 2.5 %

NSIT traded up $5.49 during trading on Friday, hitting $225.24. 170,179 shares of the stock traded hands, compared to its average volume of 164,617. The firm has a market capitalization of $7.33 billion, a P/E ratio of 28.33, a price-to-earnings-growth ratio of 1.70 and a beta of 1.49. Insight Enterprises, Inc. has a 12-month low of $131.59 and a 12-month high of $226.39. The company has a debt-to-equity ratio of 0.31, a current ratio of 1.27 and a quick ratio of 1.22. The firm has a 50-day moving average of $203.83 and a 200 day moving average of $192.77.

Insight Enterprises (NASDAQ:NSIT – Get Free Report) last issued its quarterly earnings data on Thursday, May 2nd. The software maker reported $2.37 EPS for the quarter, beating the consensus estimate of $1.82 by $0.55. The firm had revenue of $2.38 billion during the quarter, compared to the consensus estimate of $2.30 billion. Insight Enterprises had a net margin of 3.23% and a return on equity of 21.34%. The company’s quarterly revenue was up 2.4% compared to the same quarter last year. During the same period in the prior year, the firm posted $1.78 earnings per share. Equities research analysts anticipate that Insight Enterprises, Inc. will post 10.78 EPS for the current year.

Analyst Ratings Changes

A number of equities research analysts have recently weighed in on the stock. JPMorgan Chase & Co. upped their price objective on shares of Insight Enterprises from $193.00 to $195.00 and gave the company a “neutral” rating in a research note on Friday, May 3rd. Barrington Research lifted their price objective on Insight Enterprises from $211.00 to $225.00 and gave the stock an “outperform” rating in a report on Thursday, May 9th. Stifel Nicolaus increased their target price on Insight Enterprises from $192.00 to $200.00 and gave the company a “hold” rating in a report on Wednesday, July 17th. Finally, StockNews.com lowered Insight Enterprises from a “buy” rating to a “hold” rating in a research report on Friday, July 5th.

View Our Latest Stock Report on Insight Enterprises

Insider Transactions at Insight Enterprises

In related news, insider Adrian P. Gregory sold 2,750 shares of the company’s stock in a transaction that occurred on Wednesday, May 29th. The stock was sold at an average price of $195.83, for a total transaction of $538,532.50. Following the completion of the transaction, the insider now owns 3,447 shares in the company, valued at $675,026.01. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. In related news, Director Holdings L.P. Valueact sold 450,000 shares of the stock in a transaction dated Wednesday, May 29th. The shares were sold at an average price of $192.49, for a total value of $86,620,500.00. Following the completion of the transaction, the director now directly owns 4,061,739 shares of the company’s stock, valued at $781,844,140.11. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, insider Adrian P. Gregory sold 2,750 shares of the firm’s stock in a transaction dated Wednesday, May 29th. The stock was sold at an average price of $195.83, for a total transaction of $538,532.50. Following the completion of the sale, the insider now owns 3,447 shares of the company’s stock, valued at $675,026.01. The disclosure for this sale can be found here. In the last three months, insiders have sold 462,750 shares of company stock worth $89,169,833. 1.23% of the stock is currently owned by insiders.

Insight Enterprises Company Profile

(Free Report)

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.

Further Reading

Want to see what other hedge funds are holding NSIT? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Insight Enterprises, Inc. (NASDAQ:NSIT – Free Report).