Holdings L.P. Valueact Acquires 40,000 Shares of Insight Enterprises, Inc. (NASDAQ:NSIT) Stock

Insight Enterprises, Inc. (NASDAQ:NSITGet Rating) Director Holdings L.P. Valueact bought 40,000 shares of the business’s stock in a transaction on Thursday, May 12th. The shares were acquired at an average price of $96.31 per share, for a total transaction of $3,852,400.00. Following the completion of the transaction, the director now owns 3,663,143 shares in the company, valued at approximately $352,797,302.33. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink.

Holdings L.P. Valueact also recently made the following trade(s):

  • On Tuesday, May 10th, Holdings L.P. Valueact bought 40,000 shares of Insight Enterprises stock. The shares were acquired at an average cost of $99.30 per share, with a total value of $3,972,000.00.
  • On Monday, February 28th, Holdings L.P. Valueact purchased 49,102 shares of Insight Enterprises stock. The shares were purchased at an average price of $103.66 per share, for a total transaction of $5,089,913.32.
  • On Thursday, February 24th, Holdings L.P. Valueact purchased 17,200 shares of Insight Enterprises stock. The stock was bought at an average cost of $99.29 per share, with a total value of $1,707,788.00.
  • On Tuesday, February 22nd, Holdings L.P. Valueact acquired 80,000 shares of Insight Enterprises stock. The shares were purchased at an average price of $99.46 per share, with a total value of $7,956,800.00.
  • On Thursday, February 17th, Holdings L.P. Valueact acquired 33,750 shares of Insight Enterprises stock. The shares were bought at an average price of $98.81 per share, for a total transaction of $3,334,837.50.

Shares of Insight Enterprises stock traded up $0.57 during trading on Thursday, reaching $97.05. The company’s stock had a trading volume of 287,972 shares, compared to its average volume of 231,189. The company has a debt-to-equity ratio of 0.24, a quick ratio of 1.29 and a current ratio of 1.41. The business’s fifty day moving average price is $103.24 and its 200-day moving average price is $101.55. The firm has a market cap of $3.40 billion, a price-to-earnings ratio of 15.29, a price-to-earnings-growth ratio of 1.06 and a beta of 1.64. Insight Enterprises, Inc. has a one year low of $88.28 and a one year high of $111.02.

Insight Enterprises (NASDAQ:NSITGet Rating) last posted its quarterly earnings data on Thursday, May 5th. The software maker reported $1.81 EPS for the quarter, topping analysts’ consensus estimates of $1.60 by $0.21. The company had revenue of $2.65 billion during the quarter, compared to the consensus estimate of $2.41 billion. Insight Enterprises had a net margin of 2.35% and a return on equity of 18.24%. The company’s quarterly revenue was up 20.9% on a year-over-year basis. During the same period in the prior year, the business posted $1.30 EPS. Sell-side analysts anticipate that Insight Enterprises, Inc. will post 8.07 EPS for the current year.

Several equities research analysts have commented on the company. Zacks Investment Research upgraded Insight Enterprises from a “hold” rating to a “buy” rating and set a $114.00 price objective on the stock in a research report on Tuesday. StockNews.com lowered Insight Enterprises from a “buy” rating to a “hold” rating in a research report on Wednesday.

Institutional investors have recently added to or reduced their stakes in the company. Cassady Schiller Wealth Management LLC bought a new stake in shares of Insight Enterprises in the fourth quarter worth approximately $53,000. Crossmark Global Holdings Inc. raised its position in Insight Enterprises by 31.2% during the 4th quarter. Crossmark Global Holdings Inc. now owns 5,220 shares of the software maker’s stock worth $556,000 after buying an additional 1,240 shares during the last quarter. UBS Asset Management Americas Inc. grew its stake in shares of Insight Enterprises by 6.1% during the 3rd quarter. UBS Asset Management Americas Inc. now owns 51,122 shares of the software maker’s stock worth $4,605,000 after purchasing an additional 2,921 shares during the period. GHP Investment Advisors Inc. grew its stake in Insight Enterprises by 99.6% in the 3rd quarter. GHP Investment Advisors Inc. now owns 14,061 shares of the software maker’s stock valued at $1,267,000 after acquiring an additional 7,015 shares during the period. Finally, Allspring Global Investments Holdings LLC purchased a new position in shares of Insight Enterprises during the 4th quarter worth $12,362,000.

About Insight Enterprises (Get Rating)

IInsight Enterprises, Inc, together with its subsidiaries, provides information technology (IT) hardware, software, and services solutions in the United States, Canada, Europe, the Middle East, Africa, and the Asia-Pacific. The company's solution portfolio includes cloud enablement, data and AI, DevOps, digital strategy, intelligent applications and edge, and IoT solutions, as well as transformation services.

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