Trading Report: Today, Algert Global LLC Invests $229,000 in Insight Enterprises Inc. (NSIT)

Today, Algert Global LLC Invests $229,000 in Insight Enterprises Inc. (NSIT)

Algert Global LLC acquired a new stake in shares of Insight Enterprises Inc. (NASDAQ:NSIT) during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 7,023 shares of the company’s stock, valued at approximately $229,000.

A number of other large investors also recently bought and sold shares of the stock. Vanguard Group Inc. boosted its stake in Insight Enterprises by 2.4% in the second quarter. Vanguard Group Inc. now owns 2,987,608 shares of the company’s stock valued at $77,677,000 after buying an additional 68,622 shares in the last quarter. BlackRock Fund Advisors boosted its stake in Insight Enterprises by 1.0% in the second quarter. BlackRock Fund Advisors now owns 2,385,737 shares of the company’s stock valued at $62,029,000 after buying an additional 22,987 shares in the last quarter. Pzena Investment Management LLC boosted its stake in Insight Enterprises by 7.6% in the second quarter. Pzena Investment Management LLC now owns 1,317,814 shares of the company’s stock valued at $34,263,000 after buying an additional 93,541 shares in the last quarter. State Street Corp boosted its stake in Insight Enterprises by 6.5% in the first quarter. State Street Corp now owns 884,273 shares of the company’s stock valued at $25,329,000 after buying an additional 53,726 shares in the last quarter. Finally, Schwab Charles Investment Management Inc. boosted its stake in Insight Enterprises by 8.6% in the second quarter. Schwab Charles Investment Management Inc. now owns 629,026 shares of the company’s stock valued at $16,355,000 after buying an additional 50,014 shares in the last quarter. 98.61% of the stock is currently owned by institutional investors and hedge funds.

Shares of Insight Enterprises Inc. (NASDAQ:NSIT) traded up 1.15% during midday trading on Friday, reaching $34.42. 58,861 shares of the company’s stock traded hands. The firm has a market cap of $1.22 billion, a PE ratio of 15.45 and a beta of 1.95. Insight Enterprises Inc. has a 52-week low of $18.26 and a 52-week high of $34.52. The company has a 50 day moving average of $31.93 and a 200 day moving average of $29.31.

Insight Enterprises (NASDAQ:NSIT) last posted its earnings results on Thursday, October 27th. The company reported $0.62 earnings per share for the quarter, topping the consensus estimate of $0.53 by $0.09. The firm earned $1.39 billion during the quarter, compared to the consensus estimate of $1.36 billion. Insight Enterprises had a net margin of 1.52% and a return on equity of 12.59%. The company’s revenue was up 3.6% on a year-over-year basis. During the same quarter last year, the company earned $0.59 earnings per share. On average, equities analysts predict that Insight Enterprises Inc. will post $2.48 EPS for the current fiscal year.

Separately, Zacks Investment Research upgraded shares of Insight Enterprises from a “sell” rating to a “buy” rating and set a $35.00 price target on the stock in a research note on Tuesday, August 9th.

About Insight Enterprises

Insight Enterprises, Inc is a provider of hardware, software, Cloud and service solutions to business, government, healthcare and educational clients. The Company consults, designs, implements and manages integrated information technology (IT) solutions for its clients. These solutions include services and products designed to support networking, collaboration, storage, security, Cloud, mobility, converged infrastructure and other advanced technologies.

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