CSat Investment Advisory L.P. Makes New $307,000 Investment in Insight Enterprises, Inc. (NASDAQ:NSIT)

CSat Investment Advisory L.P. bought a new position in shares of Insight Enterprises, Inc. (NASDAQ:NSIT) during the 2nd quarter, Holdings Channel reports. The fund bought 5,275 shares of the software maker’s stock, valued at approximately $307,000.

Several other hedge funds and other institutional investors also recently modified their holdings of the business. Morgan Stanley boosted its position in shares of Insight Enterprises by 16.7% during the 2nd quarter. Morgan Stanley now owns 161,150 shares of the software maker’s stock worth $9,379,000 after purchasing an additional 23,007 shares in the last quarter. Alberta Investment Management Corp boosted its position in shares of Insight Enterprises by 4.8% in the 2nd quarter. Alberta Investment Management Corp now owns 50,700 shares of the software maker’s stock worth $2,951,000 after buying an additional 2,300 shares in the last quarter. AQR Capital Management LLC boosted its position in shares of Insight Enterprises by 9.0% in the 2nd quarter. AQR Capital Management LLC now owns 268,009 shares of the software maker’s stock worth $15,598,000 after buying an additional 22,203 shares in the last quarter. Man Group plc boosted its position in shares of Insight Enterprises by 11.7% in the 2nd quarter. Man Group plc now owns 312,823 shares of the software maker’s stock worth $18,207,000 after buying an additional 32,838 shares in the last quarter. Finally, Bank of America Corp DE boosted its position in shares of Insight Enterprises by 21.2% in the 2nd quarter. Bank of America Corp DE now owns 157,986 shares of the software maker’s stock worth $9,194,000 after buying an additional 27,678 shares in the last quarter. Institutional investors own 98.97% of the company’s stock.

Several equities research analysts recently commented on the stock. Zacks Investment Research upgraded shares of Insight Enterprises from a “hold” rating to a “buy” rating and set a $58.00 price objective on the stock in a research report on Friday, August 9th. BidaskClub upgraded shares of Insight Enterprises from a “sell” rating to a “hold” rating in a research report on Saturday, September 14th. Stifel Nicolaus boosted their price objective on shares of Insight Enterprises from $54.00 to $60.00 and gave the stock a “hold” rating in a research report on Monday, June 24th. ValuEngine lowered shares of Insight Enterprises from a “hold” rating to a “sell” rating in a research report on Friday, August 2nd. Finally, JPMorgan Chase & Co. assumed coverage on shares of Insight Enterprises in a research report on Thursday, September 12th. They issued an “overweight” rating and a $68.00 price objective on the stock. One investment analyst has rated the stock with a sell rating, two have given a hold rating and three have issued a buy rating to the stock. The stock has a consensus rating of “Hold” and a consensus target price of $61.25.

NASDAQ:NSIT traded up $0.11 on Friday, reaching $53.31. The stock had a trading volume of 327,941 shares, compared to its average volume of 325,022. The company has a market cap of $1.90 billion, a price-to-earnings ratio of 11.04 and a beta of 1.21. The company has a debt-to-equity ratio of 0.04, a current ratio of 1.38 and a quick ratio of 1.29. The firm’s fifty day moving average is $50.18 and its two-hundred day moving average is $54.50. Insight Enterprises, Inc. has a 12-month low of $37.77 and a 12-month high of $60.10.

Insight Enterprises (NASDAQ:NSIT) last released its earnings results on Tuesday, August 6th. The software maker reported $1.49 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.39 by $0.10. The company had revenue of $1.84 billion for the quarter, compared to analyst estimates of $1.81 billion. Insight Enterprises had a net margin of 2.40% and a return on equity of 17.22%. The firm’s quarterly revenue was down .3% on a year-over-year basis. During the same period in the prior year, the firm earned $1.45 EPS. As a group, research analysts forecast that Insight Enterprises, Inc. will post 4.92 earnings per share for the current fiscal year.

Insight Enterprises Company Profile

Insight Enterprises, Inc provides information technology (IT) hardware, software, and services solutions in the United States, Canada, Europe, the Middle East, Africa, and the Asia-Pacific. It sources, procures, stages, configures, integrates, tests, deploys, and maintains IT products spanning endpoints to infrastructure; and offers software life cycle, and hardware warranty and software maintenance services.

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Institutional Ownership by Quarter for Insight Enterprises (NASDAQ:NSIT)

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