Jupiter Topco LLC Acquires Shares of 12,274 Insight Enterprises, Inc. $NSIT

Jupiter Topco LLC bought a new position in shares of Insight Enterprises, Inc. (NASDAQ:NSIT) in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund bought 12,274 shares of the software maker’s stock, valued at approximately $1,497,000.

Other institutional investors and hedge funds also recently made changes to their positions in the company. BlackRock Inc. bought a new stake in Insight Enterprises in the second quarter valued at about $587,162,000. Morgan Stanley boosted its holdings in Insight Enterprises by 15.6% during the fourth quarter. Morgan Stanley now owns 2,681,920 shares of the software maker’s stock worth $218,496,000 after buying an additional 362,258 shares during the last quarter. State Street Corp boosted its holdings in Insight Enterprises by 3.2% during the fourth quarter. State Street Corp now owns 1,183,203 shares of the software maker’s stock worth $96,396,000 after buying an additional 36,566 shares during the last quarter. Paradigm Capital Management Inc. NY acquired a new position in shares of Insight Enterprises during the 2nd quarter worth about $116,563,000. Finally, Dimensional Fund Advisors LP increased its stake in shares of Insight Enterprises by 11.7% in the 4th quarter. Dimensional Fund Advisors LP now owns 906,400 shares of the software maker’s stock valued at $73,847,000 after acquiring an additional 94,877 shares during the last quarter.

Wall Street Analysts Forecast Growth

Several research analysts recently weighed in on the stock. Canaccord Genuity Group set a $75.00 price objective on shares of Insight Enterprises in a research note on Friday, May 8th. JPMorgan Chase & Co. upped their target price on shares of Insight Enterprises from $135.00 to $160.00 and gave the company a “neutral” rating in a research note on Friday, August 7th. Weiss Ratings upgraded shares of Insight Enterprises from a “hold (c-)” rating to a “hold (c)” rating in a report on Monday, August 3rd. Zacks Research raised shares of Insight Enterprises from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, July 7th. Finally, Needham & Company LLC raised shares of Insight Enterprises to an “overweight” rating in a report on Wednesday, May 27th. One equities research analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and three have issued a Hold rating to the company’s stock. Based on data from MarketBeat, Insight Enterprises has an average rating of “Moderate Buy” and a consensus price target of $147.50.

Insight Enterprises Trading Up 1.1%

NASDAQ NSIT opened at $160.98 on Friday. The stock has a market capitalization of $4.72 billion, a price-to-earnings ratio of 23.57, a PEG ratio of 1.15 and a beta of 1.10. Insight Enterprises, Inc. has a 52 week low of $63.62 and a 52 week high of $161.76. The stock’s 50 day moving average price is $134.49 and its two-hundred day moving average price is $103.47. The company has a debt-to-equity ratio of 0.92, a quick ratio of 1.15 and a current ratio of 1.18.

Insight Enterprises (NASDAQ:NSIT) last released its earnings results on Thursday, August 6th. The software maker reported $3.86 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.93 by $0.93. Insight Enterprises had a return on equity of 22.70% and a net margin of 2.45%.The business had revenue of $2.40 billion for the quarter, compared to analyst estimates of $2.18 billion. During the same quarter in the prior year, the company posted $2.45 earnings per share. Insight Enterprises’s revenue was up 14.7% on a year-over-year basis. Insight Enterprises has set its FY 2026 guidance at 12.200-12.700 EPS. As a group, analysts anticipate that Insight Enterprises, Inc. will post 11.5 earnings per share for the current fiscal year.

Insider Buying and Selling at Insight Enterprises

In other Insight Enterprises news, General Counsel Karim Adatia sold 248 shares of the stock in a transaction on Friday, August 28th. The shares were sold at an average price of $157.40, for a total value of $39,035.20. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Corporate insiders own 1.21% of the company’s stock.

Insight Enterprises 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.