Wells Fargo & Company MN Purchases 10,827 Shares of Insight Enterprises, Inc. (NASDAQ:NSIT)

Wells Fargo & Company MN raised its position in Insight Enterprises, Inc. (NASDAQ:NSIT) by 26.1% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 52,362 shares of the software maker’s stock after purchasing an additional 10,827 shares during the quarter. Wells Fargo & Company MN owned 0.16% of Insight Enterprises worth $7,964,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in the company. Alberta Investment Management Corp purchased a new stake in shares of Insight Enterprises in the fourth quarter worth approximately $2,494,000. Raymond James Financial Inc. bought a new position in Insight Enterprises in the 4th quarter valued at $532,000. Principal Financial Group Inc. increased its stake in Insight Enterprises by 1.2% in the fourth quarter. Principal Financial Group Inc. now owns 143,544 shares of the software maker’s stock worth $21,833,000 after purchasing an additional 1,653 shares during the period. Rhumbline Advisers lifted its position in shares of Insight Enterprises by 2.4% during the fourth quarter. Rhumbline Advisers now owns 82,198 shares of the software maker’s stock worth $12,502,000 after purchasing an additional 1,925 shares during the last quarter. Finally, New York Life Investment Management LLC purchased a new stake in shares of Insight Enterprises during the fourth quarter valued at $449,000.

Analysts Set New Price Targets

Several research analysts recently commented on the stock. JPMorgan Chase & Co. reduced their price target on shares of Insight Enterprises from $193.00 to $156.00 and set a “neutral” rating on the stock in a research note on Thursday. Barrington Research reduced their target price on shares of Insight Enterprises from $205.00 to $164.00 and set an “outperform” rating on the stock in a research report on Friday, April 4th. Three equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $185.00.

Insight Enterprises Stock Performance

Shares of Insight Enterprises stock opened at $133.35 on Friday. Insight Enterprises, Inc. has a 12 month low of $126.10 and a 12 month high of $228.07. The stock’s fifty day moving average price is $151.48 and its 200-day moving average price is $166.63. The firm has a market cap of $4.24 billion, a P/E ratio of 20.45, a P/E/G ratio of 1.40 and a beta of 1.31. The company has a current ratio of 1.18, a quick ratio of 1.15 and a debt-to-equity ratio of 0.30.

Insight Enterprises (NASDAQ:NSIT) last posted its quarterly earnings results 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 company posted $2.98 earnings per share. On average, equities research analysts expect that Insight Enterprises, Inc. will post 9.89 earnings per share for the current fiscal year.

Insight Enterprises Profile

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.