Rhumbline Advisers boosted its stake in Insight Enterprises, Inc. (NASDAQ:NSIT) by 3.9% during the third quarter, Holdings Channel reports. The institutional investor owned 60,155 shares of the company’s stock after buying an additional 2,270 shares during the period. Rhumbline Advisers owned 0.17% of Insight Enterprises worth $1,958,000 at the end of the most recent reporting period.
A number of other large investors have also recently bought and sold shares of NSIT. CNA Financial Corp boosted its stake in Insight Enterprises by 0.4% in the second quarter. CNA Financial Corp now owns 50,128 shares of the company’s stock valued at $1,303,000 after buying an additional 210 shares in the last quarter. BlackRock Group LTD boosted its stake in Insight Enterprises by 8.2% in the second quarter. BlackRock Group LTD now owns 59,248 shares of the company’s stock valued at $1,541,000 after buying an additional 4,513 shares in the last quarter. BlackRock Fund Advisors boosted its stake in Insight Enterprises by 1.0% in the second quarter. BlackRock Fund Advisors now owns 2,385,737 shares of the company’s stock valued at $62,029,000 after buying an additional 22,987 shares in the last quarter. BlackRock Inc. boosted its stake in Insight Enterprises by 236.3% in the second quarter. BlackRock Inc. now owns 9,439 shares of the company’s stock valued at $245,000 after buying an additional 6,632 shares in the last quarter. Finally, BlackRock Investment Management LLC boosted its stake in Insight Enterprises by 3.3% in the second quarter. BlackRock Investment Management LLC now owns 168,803 shares of the company’s stock valued at $4,389,000 after buying an additional 5,402 shares in the last quarter. 96.68% of the stock is owned by institutional investors and hedge funds.
Insight Enterprises, Inc. (NASDAQ:NSIT) traded down 0.73% on Friday, hitting $36.67. 62,429 shares of the stock were exchanged. The company has a 50-day moving average price of $39.27 and a 200-day moving average price of $32.88. The firm has a market cap of $1.30 billion, a PE ratio of 16.46 and a beta of 2.01. Insight Enterprises, Inc. has a 52-week low of $18.26 and a 52-week high of $41.81.
Insight Enterprises (NASDAQ:NSIT) last announced its quarterly earnings data on Thursday, October 27th. The company reported $0.62 earnings per share for the quarter, topping the consensus estimate of $0.53 by $0.09. Insight Enterprises had a return on equity of 12.59% and a net margin of 1.52%. The company earned $1.39 billion during the quarter, compared to analyst estimates of $1.36 billion. During the same quarter last year, the firm posted $0.59 EPS. The firm’s revenue for the quarter was up 3.6% on a year-over-year basis. On average, equities research analysts anticipate that Insight Enterprises, Inc. will post $2.48 EPS for the current fiscal year.
Several equities research analysts recently weighed in on the stock. Zacks Investment Research cut shares of Insight Enterprises from a “buy” rating to a “hold” rating in a research report on Thursday, December 29th. Raymond James Financial, Inc. reissued an “underperform” rating on shares of Insight Enterprises in a report on Thursday, January 12th.
About Insight Enterprises
Insight Enterprises, Inc is a provider of hardware, software, Cloud and service solutions to business, government, healthcare and educational clients. The Company consults, designs, implements and manages integrated information technology (IT) solutions for its clients. These solutions include services and products designed to support networking, collaboration, storage, security, Cloud, mobility, converged infrastructure and other advanced technologies.
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