Charles Schwab Investment Management Inc. Has $55.46 Million Stock Position in Insight Enterprises, Inc. (NASDAQ:NSIT)

Charles Schwab Investment Management Inc. cut its position in Insight Enterprises, Inc. (NASDAQ:NSIT) by 1.2% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 364,636 shares of the software maker’s stock after selling 4,315 shares during the quarter. Charles Schwab Investment Management Inc.’s holdings in Insight Enterprises were worth $55,461,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of NSIT. Baron Wealth Management LLC boosted its position in shares of Insight Enterprises by 3.8% during the 4th quarter. Baron Wealth Management LLC now owns 1,570 shares of the software maker’s stock valued at $239,000 after acquiring an additional 58 shares in the last quarter. Huntington National Bank boosted its holdings in shares of Insight Enterprises by 7.3% in the third 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. Quantinno Capital Management LP boosted its holdings in shares of Insight Enterprises by 2.0% in the third quarter. Quantinno Capital Management LP now owns 3,456 shares of the software maker’s stock valued at $744,000 after buying an additional 68 shares during the period. Romano Brothers AND Company boosted its holdings in Insight Enterprises by 2.7% during the fourth quarter. Romano Brothers AND Company now owns 3,850 shares of the software maker’s stock worth $586,000 after purchasing an additional 100 shares during the last quarter. Finally, Glenmede Trust Co. NA boosted its holdings in Insight Enterprises by 5.0% during the third quarter. Glenmede Trust Co. NA now owns 2,513 shares of the software maker’s stock worth $541,000 after purchasing an additional 119 shares during the last quarter.

Insight Enterprises Stock Down 0.6 %

Insight Enterprises stock opened at $151.01 on Friday. The company has a debt-to-equity ratio of 0.30, a quick ratio of 1.15 and a current ratio of 1.18. Insight Enterprises, Inc. has a 52-week low of $146.56 and a 52-week high of $228.07. The firm has a 50 day moving average price of $162.81 and a two-hundred day moving average price of $178.19. The firm has a market cap of $4.80 billion, a price-to-earnings ratio of 23.16, a PEG ratio of 1.40 and a beta of 1.40.

Insight Enterprises (NASDAQ:NSIT) last posted its quarterly earnings results on Thursday, February 6th. The software maker reported $2.66 earnings per share (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 in the prior year, the company posted $2.98 earnings per share. Equities analysts predict that Insight Enterprises, Inc. will post 9.89 EPS for the current year.

Wall Street Analyst Weigh In

Separately, Redburn Atlantic started coverage on shares of Insight Enterprises in a research report on Friday, November 15th. They set a “buy” rating and a $220.00 price target on the stock. Three equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company. According to MarketBeat.com, Insight Enterprises currently has an average rating of “Hold” and a consensus price target of $212.50.

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.