Chatham Capital Group Inc. Has $4.22 Million Position in Insight Enterprises, Inc. (NASDAQ:NSIT)

Chatham Capital Group Inc. cut its position in Insight Enterprises, Inc. (NASDAQ:NSIT) by 0.5% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 27,738 shares of the software maker’s stock after selling 145 shares during the quarter. Chatham Capital Group Inc. owned 0.09% of Insight Enterprises worth $4,219,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently made changes to their positions in NSIT. Golden State Wealth Management LLC acquired a new position in shares of Insight Enterprises in the 4th quarter valued at approximately $32,000. R Squared Ltd acquired a new position in shares of Insight Enterprises in the 4th quarter valued at approximately $33,000. J.Safra Asset Management Corp raised its position in shares of Insight Enterprises by 40.8% in the 4th quarter. J.Safra Asset Management Corp now owns 245 shares of the software maker’s stock valued at $37,000 after buying an additional 71 shares in the last quarter. Smartleaf Asset Management LLC raised its position in shares of Insight Enterprises by 287.7% in the 4th quarter. Smartleaf Asset Management LLC now owns 504 shares of the software maker’s stock valued at $76,000 after buying an additional 374 shares in the last quarter. Finally, Blue Trust Inc. raised its position in shares of Insight Enterprises by 25.8% in the 4th quarter. Blue Trust Inc. now owns 677 shares of the software maker’s stock valued at $103,000 after buying an additional 139 shares in the last quarter.

Insight Enterprises Price Performance

NSIT stock opened at $152.83 on Friday. The company has a 50 day simple moving average of $162.53 and a 200 day simple moving average of $180.04. The stock has a market cap of $4.86 billion, a price-to-earnings ratio of 23.44, a P/E/G ratio of 1.40 and a beta of 1.42. Insight Enterprises, Inc. has a 1 year low of $146.56 and a 1 year high of $228.07. The company has a debt-to-equity ratio of 0.30, a current ratio of 1.18 and a quick ratio of 1.15.

Insight Enterprises (NASDAQ:NSIT) last released its quarterly earnings data on Thursday, February 6th. The software maker reported $2.66 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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 quarter in the previous year, the business posted $2.98 earnings per share. Research analysts anticipate that Insight Enterprises, Inc. will post 9.89 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Separately, Redburn Atlantic initiated coverage on shares of Insight Enterprises in a research report on Friday, November 15th. They issued a “buy” rating and a $220.00 target price for the company. Three 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 currently has a consensus 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.