Guggenheim Capital LLC increased its position in Insight Enterprises, Inc. (NASDAQ:NSIT) by 15.7% during the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor owned 92,187 shares of the company’s stock after buying an additional 12,493 shares during the period. Guggenheim Capital LLC’s holdings in Insight Enterprises were worth $3,728,000 as of its most recent SEC filing.
Several other hedge funds also recently made changes to their positions in the company. BlackRock Fund Advisors boosted its stake in shares of Insight Enterprises by 6.0% in the third quarter. BlackRock Fund Advisors now owns 2,528,265 shares of the company’s stock worth $82,295,000 after buying an additional 142,528 shares in the last quarter. Northern Trust Corp boosted its stake in shares of Insight Enterprises by 0.4% in the third quarter. Northern Trust Corp now owns 1,492,118 shares of the company’s stock worth $48,569,000 after buying an additional 5,385 shares in the last quarter. JPMorgan Chase & Co. boosted its stake in shares of Insight Enterprises by 1.6% in the third quarter. JPMorgan Chase & Co. now owns 1,461,546 shares of the company’s stock worth $47,574,000 after buying an additional 22,374 shares in the last quarter. BlackRock Institutional Trust Company N.A. boosted its stake in shares of Insight Enterprises by 32.3% in the third quarter. BlackRock Institutional Trust Company N.A. now owns 1,234,545 shares of the company’s stock worth $40,184,000 after buying an additional 301,247 shares in the last quarter. Finally, State Street Corp boosted its stake in shares of Insight Enterprises by 8.3% in the fourth quarter. State Street Corp now owns 962,152 shares of the company’s stock worth $38,906,000 after buying an additional 73,705 shares in the last quarter. 96.64% of the stock is owned by institutional investors.
Shares of Insight Enterprises, Inc. (NASDAQ:NSIT) opened at 40.77 on Wednesday. The firm has a market cap of $1.45 billion, a PE ratio of 17.57 and a beta of 1.91. Insight Enterprises, Inc. has a 12 month low of $23.31 and a 12 month high of $46.00. The firm has a 50 day moving average price of $42.14 and a 200-day moving average price of $36.47.
Insight Enterprises (NASDAQ:NSIT) last released its earnings results on Wednesday, February 8th. The company reported $0.72 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.68 by $0.04. The firm earned $1.50 billion during the quarter, compared to analysts’ expectations of $1.50 billion. Insight Enterprises had a return on equity of 13.13% and a net margin of 1.54%. The company’s revenue was up 5.8% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.57 EPS. On average, analysts predict that Insight Enterprises, Inc. will post $2.85 EPS for the current fiscal year.
A number of analysts have weighed in on NSIT shares. Zacks Investment Research cut Insight Enterprises from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, March 15th. Raymond James Financial, Inc. reaffirmed an “underperform” rating on shares of Insight Enterprises in a research report on Thursday, January 12th.
In other Insight Enterprises news, CEO Kenneth T. Lamneck sold 15,000 shares of the stock in a transaction dated Monday, February 13th. The stock was sold at an average price of $45.54, for a total transaction of $683,100.00. Following the completion of the transaction, the chief executive officer now owns 140,543 shares in the company, valued at approximately $6,400,328.22. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, VP Dana A. Leighty sold 4,649 shares of the stock in a transaction dated Tuesday, February 28th. The stock was sold at an average price of $42.45, for a total value of $197,350.05. Following the transaction, the vice president now owns 5,404 shares of the company’s stock, valued at approximately $229,399.80. The disclosure for this sale can be found here. In the last quarter, insiders have sold 44,769 shares of company stock valued at $2,004,931. Corporate insiders own 1.23% of the company’s stock.
About Insight Enterprises
Insight Enterprises, Inc is engaged in providing information technology (IT) hardware, software, and cloud and service solutions to business, government, healthcare and educational clients. The Company operates through three segments: North America, EMEA and APAC. North America comprises the United States and Canada; EMEA comprises Europe, the Middle East and Africa, and APAC comprises Asia Pacific.
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