Insight Enterprises, Inc. (NASDAQ:NSIT) Sees Significant Decrease in Short Interest

Insight Enterprises, Inc. (NASDAQ:NSIT) saw a large drop in short interest in the month of February. As of February 28th, there was short interest totalling 1,220,000 shares, a drop of 31.1% from the February 13th total of 1,770,000 shares. Approximately 3.9% of the company’s stock are sold short. Based on an average daily trading volume, of 395,600 shares, the short-interest ratio is presently 3.1 days.

Insight Enterprises Stock Performance

Shares of NSIT opened at $154.87 on Tuesday. Insight Enterprises has a one year low of $146.56 and a one year high of $228.07. The company has a market cap of $4.92 billion, a PE ratio of 23.75, a P/E/G ratio of 1.40 and a beta of 1.40. The company has a debt-to-equity ratio of 0.30, a current ratio of 1.18 and a quick ratio of 1.15. The stock has a 50-day moving average of $162.93 and a 200-day moving average of $176.63.

Insight Enterprises (NASDAQ:NSIT) last announced its quarterly earnings results on Thursday, February 6th. The software maker reported $2.66 earnings per share 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 previous year, the business posted $2.98 EPS. On average, equities research analysts predict that Insight Enterprises will post 9.89 EPS for the current fiscal year.

Hedge Funds Weigh In On Insight Enterprises

Several large investors have recently added to or reduced their stakes in the business. Public Employees Retirement System of Ohio lifted its position in Insight Enterprises by 23.4% in the 4th quarter. Public Employees Retirement System of Ohio now owns 54,760 shares of the software maker’s stock valued at $8,329,000 after acquiring an additional 10,384 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its position in shares of Insight Enterprises by 17.4% during the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 70,537 shares of the software maker’s stock worth $10,729,000 after buying an additional 10,446 shares in the last quarter. Voloridge Investment Management LLC bought a new position in shares of Insight Enterprises during the 4th quarter worth approximately $9,545,000. Two Sigma Advisers LP lifted its position in shares of Insight Enterprises by 28.6% during the 4th quarter. Two Sigma Advisers LP now owns 1,800 shares of the software maker’s stock worth $274,000 after buying an additional 400 shares in the last quarter. Finally, Two Sigma Investments LP bought a new position in shares of Insight Enterprises during the 4th quarter worth approximately $387,000.

Insight Enterprises Company 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.