Short Interest in Insight Enterprises, Inc. (NASDAQ:NSIT) Drops By 31.1%

Insight Enterprises, Inc. (NASDAQ:NSIT) saw a significant decrease in short interest in February. As of February 28th, there was short interest totalling 1,220,000 shares, a decrease of 31.1% from the February 13th total of 1,770,000 shares. Based on an average daily volume of 395,600 shares, the short-interest ratio is presently 3.1 days. Approximately 3.9% of the shares of the stock are sold short.

Insight Enterprises Trading Up 0.3 %

Shares of Insight Enterprises stock opened at $151.43 on Friday. Insight Enterprises has a 1 year low of $146.56 and a 1 year high of $228.07. The company has a debt-to-equity ratio of 0.30, a current ratio of 1.18 and a quick ratio of 1.15. The business has a 50 day moving average price of $162.88 and a 200 day moving average price of $177.31. The company has a market capitalization of $4.81 billion, a P/E ratio of 23.23, a P/E/G ratio of 1.40 and a beta of 1.40.

Insight Enterprises (NASDAQ:NSIT) last released its quarterly earnings results on Thursday, February 6th. The software maker reported $2.66 earnings per share for the quarter, topping analysts’ consensus estimates of $2.53 by $0.13. Insight Enterprises had a return on equity of 18.95% and a net margin of 2.87%. During the same period in the previous year, the business earned $2.98 earnings per share. Sell-side analysts anticipate that Insight Enterprises will post 9.89 EPS for the current fiscal year.

Institutional Investors Weigh In On Insight Enterprises

Hedge funds have recently modified their holdings of the company. Atria Investments Inc purchased a new stake in Insight Enterprises in the 3rd quarter worth approximately $215,000. Crossmark Global Holdings Inc. increased its stake in Insight Enterprises by 18.1% in the third quarter. Crossmark Global Holdings Inc. now owns 2,265 shares of the software maker’s stock valued at $488,000 after purchasing an additional 347 shares during the last quarter. Entropy Technologies LP acquired a new position in Insight Enterprises in the third quarter valued at $253,000. Oppenheimer Asset Management Inc. acquired a new stake in Insight Enterprises in the 3rd quarter worth about $227,000. Finally, Huntington National Bank grew its holdings in Insight Enterprises by 7.3% in the 3rd quarter. Huntington National Bank now owns 995 shares of the software maker’s stock valued at $214,000 after buying an additional 68 shares during the period.

About Insight Enterprises

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.