Assenagon Asset Management S.A. Purchases 32,502 Shares of Insight Enterprises, Inc. $NSIT

Assenagon Asset Management S.A. lifted its position in Insight Enterprises, Inc. (NASDAQ:NSIT) by 257.5% in the first quarter, Holdings Channel.com reports. The institutional investor owned 45,123 shares of the software maker’s stock after purchasing an additional 32,502 shares during the period. Assenagon Asset Management S.A.’s holdings in Insight Enterprises were worth $3,024,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also modified their holdings of the company. Kennedy Capital Management LLC boosted its holdings in Insight Enterprises by 14.2% during the third quarter. Kennedy Capital Management LLC now owns 177,075 shares of the software maker’s stock valued at $20,082,000 after acquiring an additional 22,072 shares during the period. Allspring Global Investments Holdings LLC boosted its stake in Insight Enterprises by 31.5% during the 4th quarter. Allspring Global Investments Holdings LLC now owns 250,509 shares of the software maker’s stock valued at $21,033,000 after purchasing an additional 59,987 shares during the period. Country Trust Bank grew its holdings in Insight Enterprises by 45.6% in the 4th quarter. Country Trust Bank now owns 279,375 shares of the software maker’s stock valued at $22,761,000 after buying an additional 87,538 shares during the last quarter. JPMorgan Chase & Co. lifted its holdings in shares of Insight Enterprises by 64.2% during the third quarter. JPMorgan Chase & Co. now owns 196,950 shares of the software maker’s stock worth $22,336,000 after buying an additional 76,992 shares during the last quarter. Finally, WINTON GROUP Ltd bought a new stake in shares of Insight Enterprises in the fourth quarter valued at approximately $4,400,000.

Insider Activity at Insight Enterprises

In other Insight Enterprises news, CFO James A. Morgado bought 2,290 shares of Insight Enterprises stock in a transaction dated Monday, May 11th. The shares were acquired at an average cost of $87.25 per share, with a total value of $199,802.50. Following the acquisition, the chief financial officer directly owned 17,246 shares of the company’s stock, valued at $1,504,713.50. The trade was a 15.31% increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 1.21% of the stock is owned by insiders.

Insight Enterprises Stock Up 1.2%

Shares of NASDAQ NSIT opened at $121.80 on Wednesday. Insight Enterprises, Inc. has a 52-week low of $63.62 and a 52-week high of $148.58. The company has a debt-to-equity ratio of 0.92, a quick ratio of 1.17 and a current ratio of 1.22. The business has a fifty day moving average of $97.24 and a two-hundred day moving average of $86.22. The stock has a market cap of $3.68 billion, a PE ratio of 21.29, a PEG ratio of 1.05 and a beta of 1.10.

Insight Enterprises (NASDAQ:NSIT) last posted its earnings results on Thursday, May 7th. The software maker reported $2.88 earnings per share for the quarter, topping the consensus estimate of $2.45 by $0.43. Insight Enterprises had a net margin of 2.17% and a return on equity of 20.89%. The business had revenue of $2.13 billion for the quarter, compared to analyst estimates of $2.12 billion. During the same quarter in the prior year, the firm earned $2.06 EPS. The firm’s quarterly revenue was up 1.2% compared to the same quarter last year. Insight Enterprises has set its FY 2026 guidance at 11.000-11.500 EPS. As a group, equities research analysts expect that Insight Enterprises, Inc. will post 11.43 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several equities research analysts have recently issued reports on the stock. Raymond James Financial upgraded shares of Insight Enterprises from a “market perform” rating to an “outperform” rating and set a $100.00 price objective on the stock in a research note on Thursday, May 7th. Wall Street Zen raised shares of Insight Enterprises from a “hold” rating to a “buy” rating in a report on Sunday, May 10th. Canaccord Genuity Group set a $75.00 price target on shares of Insight Enterprises in a research report on Friday, May 8th. Needham & Company LLC upgraded Insight Enterprises to an “overweight” rating in a research note on Wednesday, May 27th. Finally, JPMorgan Chase & Co. raised Insight Enterprises from an “underweight” rating to a “neutral” rating and set a $105.00 target price for the company in a research report on Wednesday, May 27th. Three analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, Insight Enterprises currently has an average rating of “Moderate Buy” and an average price target of $100.00.

Insight Enterprises Company Profile

Insight Enterprises, Inc is a global technology provider headquartered in Tempe, Arizona. Founded in 1988, the company specializes in helping organizations harness the power of digital transformation by offering a comprehensive portfolio of IT hardware, software, cloud and licensing management solutions. Insight’s expertise spans across the full technology lifecycle, from initial strategy and consulting to implementation, integration and ongoing managed services.

At the core of Insight’s business are its consulting and professional services, which guide clients through complex technology environments and ensure optimal deployment of solutions.