Swiss National Bank Increases Stock Position in Insight Enterprises, Inc. (NASDAQ:NSIT)

Swiss National Bank boosted its stake in shares of Insight Enterprises, Inc. (NASDAQ:NSIT) by 0.9% in the 4th quarter, HoldingsChannel reports. The institutional investor owned 54,500 shares of the software maker’s stock after acquiring an additional 500 shares during the quarter. Swiss National Bank’s holdings in Insight Enterprises were worth $8,289,000 at the end of the most recent quarter.

Other hedge funds also recently bought and sold shares of the company. Golden State Wealth Management LLC purchased a new position in Insight Enterprises during the fourth quarter worth about $32,000. R Squared Ltd purchased a new position in Insight Enterprises during the fourth quarter worth about $33,000. J.Safra Asset Management Corp boosted its stake in Insight Enterprises by 40.8% during the fourth quarter. J.Safra Asset Management Corp now owns 245 shares of the software maker’s stock worth $37,000 after buying an additional 71 shares during the period. Smartleaf Asset Management LLC boosted its stake in Insight Enterprises by 287.7% during the fourth quarter. Smartleaf Asset Management LLC now owns 504 shares of the software maker’s stock worth $76,000 after buying an additional 374 shares during the period. Finally, Blue Trust Inc. boosted its stake in Insight Enterprises by 25.8% during the fourth quarter. Blue Trust Inc. now owns 677 shares of the software maker’s stock worth $103,000 after buying an additional 139 shares during the period.

Insight Enterprises Trading Down 0.3 %

Shares of NSIT stock opened at $154.18 on Friday. The company has a 50-day moving average of $162.77 and a two-hundred day moving average of $175.47. The company has a debt-to-equity ratio of 0.30, a current ratio of 1.18 and a quick ratio of 1.15. Insight Enterprises, Inc. has a 1-year low of $146.56 and a 1-year high of $228.07. The firm has a market cap of $4.90 billion, a PE ratio of 23.65, a price-to-earnings-growth ratio of 1.40 and a beta of 1.40.

Insight Enterprises (NASDAQ:NSIT) last posted its quarterly earnings data on Thursday, February 6th. The software maker reported $2.66 EPS for the quarter, beating the consensus estimate of $2.53 by $0.13. Insight Enterprises had a net margin of 2.87% and a return on equity of 18.95%. During the same period last year, the business earned $2.98 earnings per share. On average, analysts predict that Insight Enterprises, Inc. will post 9.89 EPS for the current year.

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.