CIBC Asset Management Inc Purchases New Holdings in Insight Enterprises, Inc. (NSIT)

CIBC Asset Management Inc purchased a new stake in Insight Enterprises, Inc. (NASDAQ:NSIT) in the third quarter, according to the company in its most recent filing with the SEC. The firm purchased 4,472 shares of the software maker’s stock, valued at approximately $205,000.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. BlackRock Inc. increased its holdings in shares of Insight Enterprises by 3.2% in the 2nd quarter. BlackRock Inc. now owns 4,667,177 shares of the software maker’s stock valued at $186,642,000 after purchasing an additional 143,348 shares in the last quarter. Vanguard Group Inc. increased its holdings in shares of Insight Enterprises by 2.9% in the 2nd quarter. Vanguard Group Inc. now owns 3,335,703 shares of the software maker’s stock valued at $133,395,000 after purchasing an additional 92,987 shares in the last quarter. Northern Trust Corp increased its holdings in shares of Insight Enterprises by 1.7% in the 2nd quarter. Northern Trust Corp now owns 1,543,613 shares of the software maker’s stock valued at $61,730,000 after purchasing an additional 25,161 shares in the last quarter. LSV Asset Management increased its holdings in shares of Insight Enterprises by 2.8% in the 2nd quarter. LSV Asset Management now owns 1,222,100 shares of the software maker’s stock valued at $48,871,000 after purchasing an additional 33,823 shares in the last quarter. Finally, Aberdeen Asset Management PLC UK increased its holdings in shares of Insight Enterprises by 14.2% in the 2nd quarter. Aberdeen Asset Management PLC UK now owns 1,079,731 shares of the software maker’s stock valued at $43,179,000 after purchasing an additional 134,029 shares in the last quarter. Institutional investors and hedge funds own 95.67% of the company’s stock.

A number of equities analysts have recently issued reports on NSIT shares. Zacks Investment Research upgraded shares of Insight Enterprises from a “hold” rating to a “buy” rating and set a $52.00 price target for the company in a report on Saturday, August 5th. BidaskClub cut shares of Insight Enterprises from a “sell” rating to a “strong sell” rating in a research note on Tuesday, August 22nd. Stifel Nicolaus reissued a “hold” rating and issued a $45.00 price objective (up from $42.00) on shares of Insight Enterprises in a research note on Thursday, August 3rd. B. Riley reissued a “buy” rating and issued a $56.00 price objective (up from $54.50) on shares of Insight Enterprises in a research note on Wednesday, November 8th. Finally, ValuEngine cut shares of Insight Enterprises from a “buy” rating to a “hold” rating in a research note on Wednesday, November 15th. Two equities research analysts have rated the stock with a sell rating, three have given a hold rating and one has given a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and an average target price of $51.00.

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Shares of Insight Enterprises, Inc. (NASDAQ:NSIT) opened at $36.91 on Wednesday. The company has a market cap of $1,301.76, a PE ratio of 11.55 and a beta of 1.63. Insight Enterprises, Inc. has a 12 month low of $32.97 and a 12 month high of $53.19. The company has a quick ratio of 1.59, a current ratio of 1.84 and a debt-to-equity ratio of 0.65.

Insight Enterprises (NASDAQ:NSIT) last issued its quarterly earnings data on Tuesday, November 7th. The software maker reported $0.73 EPS for the quarter, beating the Zacks’ consensus estimate of $0.68 by $0.05. The firm had revenue of $1.76 billion for the quarter, compared to analysts’ expectations of $1.59 billion. Insight Enterprises had a net margin of 1.53% and a return on equity of 14.90%. The firm’s revenue was up 26.2% on a year-over-year basis. During the same period in the prior year, the company earned $0.62 EPS. equities analysts anticipate that Insight Enterprises, Inc. will post 3.22 earnings per share for the current year.

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

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