Chatham Capital Group Inc. Buys 3,035 Shares of Insight Enterprises, Inc. (NASDAQ:NSIT)

Chatham Capital Group Inc. boosted its position in shares of Insight Enterprises, Inc. (NASDAQ:NSIT) by 12.3% in the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 27,771 shares of the software maker’s stock after buying an additional 3,035 shares during the quarter. Chatham Capital Group Inc. owned 0.09% of Insight Enterprises worth $5,152,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also bought and sold shares of NSIT. SummerHaven Investment Management LLC lifted its stake in Insight Enterprises by 1.2% in the fourth quarter. SummerHaven Investment Management LLC now owns 4,892 shares of the software maker’s stock worth $867,000 after purchasing an additional 60 shares during the last quarter. Blue Trust Inc. boosted its holdings in Insight Enterprises by 13.2% during the 4th quarter. Blue Trust Inc. now owns 550 shares of the software maker’s stock valued at $97,000 after acquiring an additional 64 shares during the period. GAMMA Investing LLC boosted its holdings in Insight Enterprises by 32.7% during the 1st quarter. GAMMA Investing LLC now owns 288 shares of the software maker’s stock valued at $53,000 after acquiring an additional 71 shares during the period. Exchange Traded Concepts LLC increased its stake in Insight Enterprises by 0.8% in the fourth quarter. Exchange Traded Concepts LLC now owns 9,598 shares of the software maker’s stock worth $1,701,000 after purchasing an additional 77 shares during the period. Finally, Signaturefd LLC lifted its position in shares of Insight Enterprises by 26.9% during the fourth quarter. Signaturefd LLC now owns 392 shares of the software maker’s stock worth $69,000 after purchasing an additional 83 shares during the last quarter.

Insider Activity

In other Insight Enterprises news, CEO Joyce A. Mullen sold 10,000 shares of Insight Enterprises stock in a transaction on Thursday, May 9th. The shares were sold at an average price of $201.08, for a total value of $2,010,800.00. Following the transaction, the chief executive officer now directly owns 40,807 shares of the company’s stock, valued at $8,205,471.56. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. In other Insight Enterprises news, CEO Joyce A. Mullen sold 10,000 shares of the firm’s stock in a transaction dated Thursday, May 9th. The stock was sold at an average price of $201.08, for a total value of $2,010,800.00. Following the completion of the sale, the chief executive officer now owns 40,807 shares of the company’s stock, valued at $8,205,471.56. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, Director Holdings L.P. Valueact sold 450,000 shares of the company’s stock in a transaction dated Wednesday, May 29th. The shares were sold at an average price of $192.49, for a total transaction of $86,620,500.00. Following the transaction, the director now owns 4,061,739 shares in the company, valued at approximately $781,844,140.11. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 462,750 shares of company stock worth $89,169,833. Corporate insiders own 1.23% of the company’s stock.

Insight Enterprises Stock Up 0.9 %

NSIT stock traded up $1.68 during trading on Friday, hitting $198.36. 408,997 shares of the company’s stock traded hands, compared to its average volume of 187,920. The firm has a market capitalization of $6.46 billion, a P/E ratio of 24.95, a PEG ratio of 1.53 and a beta of 1.50. Insight Enterprises, Inc. has a 1 year low of $131.59 and a 1 year high of $212.44. The company has a quick ratio of 1.22, a current ratio of 1.27 and a debt-to-equity ratio of 0.31. The business has a fifty day simple moving average of $198.04 and a two-hundred day simple moving average of $188.71.

Insight Enterprises (NASDAQ:NSIT) last announced its quarterly earnings results on Thursday, May 2nd. The software maker reported $2.37 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.82 by $0.55. Insight Enterprises had a return on equity of 21.34% and a net margin of 3.23%. The business had revenue of $2.38 billion for the quarter, compared to the consensus estimate of $2.30 billion. During the same period last year, the business posted $1.78 EPS. The business’s revenue was up 2.4% compared to the same quarter last year. Sell-side analysts anticipate that Insight Enterprises, Inc. will post 10.78 EPS for the current year.

Analyst Upgrades and Downgrades

Several research analysts recently commented on NSIT shares. Stifel Nicolaus raised their price target on shares of Insight Enterprises from $170.00 to $192.00 and gave the stock a “hold” rating in a research note on Monday, April 15th. Barrington Research lifted their price target on shares of Insight Enterprises from $211.00 to $225.00 and gave the company an “outperform” rating in a research note on Thursday, May 9th. JPMorgan Chase & Co. increased their price objective on Insight Enterprises from $193.00 to $195.00 and gave the stock a “neutral” rating in a research note on Friday, May 3rd. Finally, StockNews.com upgraded Insight Enterprises from a “hold” rating to a “buy” rating in a report on Thursday.

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.