Insight Enterprises, Inc. (NSIT) Sets 52-Week High; Strong Momentum for Holders

June 17, 2018 - By Marguerite Chambers

Insight Enterprises, Inc. (NASDAQ:NSIT) Logo

Investors sentiment decreased to 0.95 in 2018 Q1. Its down 0.11, from 1.06 in 2017Q4. It fall, as 21 investors sold Insight Enterprises, Inc. shares while 63 reduced holdings. 25 funds opened positions while 55 raised stakes. 32.03 million shares or 1.29% less from 32.45 million shares in 2017Q4 were reported.
Victory Cap Management invested in 0% or 6,974 shares. Ameriprise owns 210,374 shares. Grp Inc holds 0% or 22,776 shares. Aristotle Fund L P owns 1.63% invested in Insight Enterprises, Inc. (NASDAQ:NSIT) for 42,000 shares. Manufacturers Life Insur The owns 26,452 shares for 0% of their portfolio. Renaissance Techs Ltd holds 280,873 shares. Principal Fincl Group Inc has 282,784 shares. Teachers Retirement Sys Of The State Of Kentucky invested in 0% or 11,717 shares. Parkside Bancorp & Tru holds 0.01% or 733 shares in its portfolio. 11,539 are owned by Bnp Paribas Arbitrage Sa. 62,400 are held by Swiss National Bank. Fny Managed Accounts Ltd Liability Com stated it has 96 shares or 0% of all its holdings. Cna Finance Corp holds 0.19% or 26,146 shares. Pdt Prtn Limited accumulated 0.05% or 44,100 shares. Voya Inv Mgmt Limited stated it has 15,790 shares.

Since May 7, 2018, it had 0 insider purchases, and 8 insider sales for $3.81 million activity. PUSHOR KATHLEEN S sold $299,672 worth of stock or 6,500 shares. EBERMANN WOLFGANG had sold 22,686 shares worth $1.06 million on Tuesday, May 22. LAMNECK KENNETH T also sold $477,794 worth of Insight Enterprises, Inc. (NASDAQ:NSIT) shares. On Monday, May 7 BRYAN GLYNIS sold $339,228 worth of Insight Enterprises, Inc. (NASDAQ:NSIT) or 7,500 shares. 9,678 Insight Enterprises, Inc. (NASDAQ:NSIT) shares with value of $438,273 were sold by Dodenhoff Steven W.. Guggemos Michael sold $499,258 worth of stock or 11,520 shares.

The stock of Insight Enterprises, Inc. (NASDAQ:NSIT) hit a new 52-week high and has $53.87 target or 6.00 % above today’s $50.82 share price. The 9 months bullish chart indicates low risk for the $1.80 billion company. The 1-year high was reported on Jun, 17 by Barchart.com. If the $53.87 price target is reached, the company will be worth $108.06M more.
The 52-week high event is an important milestone for every stock because it shows very positive momentum and is time when buyers come in. During such notable technical setup, fundamental investors usually stay away and are careful shorting or selling the stock.

The stock increased 0.77% or $0.39 during the last trading session, reaching $50.82. About 200,638 shares traded. Insight Enterprises, Inc. (NASDAQ:NSIT) has risen 12.24% since June 17, 2017 and is uptrending. It has underperformed by 0.33% the S&P500.

Analysts await Insight Enterprises, Inc. (NASDAQ:NSIT) to report earnings on August, 1. They expect $1.23 earnings per share, up 7.89 % or $0.09 from last year’s $1.14 per share. NSIT’s profit will be $43.59M for 10.33 P/E if the $1.23 EPS becomes a reality. After $0.94 actual earnings per share reported by Insight Enterprises, Inc. for the previous quarter, Wall Street now forecasts 30.85 % EPS growth.

More recent Insight Enterprises, Inc. (NASDAQ:NSIT) news were published by: Globenewswire.com which released: “Insight Jumps 56 Spots on 2018 Fortune 500 List” on May 22, 2018. Also Investorplace.com published the news titled: “5 Top Stocks to Buy With Solid Earnings Acceleration” on June 07, 2018. Globenewswire.com‘s news article titled: “Insight Enterprises to Present at Investor Conference” with publication date: May 31, 2018 was also an interesting one.

Insight Enterprises, Inc. provides information technology hardware, software, cloud, and service solutions for business, government, healthcare, and educational clients in the United States, Canada, Europe, the Middle East, Africa, and the Asia-Pacific. The company has market cap of $1.80 billion. The Company’s customer engagement solutions include digital signage, kiosk, tablet, and smartphone endpoints integrated with off-the-shelf software applications; and cloud and mobile-centric custom-developed applications. It has a 16.83 P/E ratio. The companyÂ’s workforce enablement solutions include desktop, notebook, tablet, and smartphone devices coupled with calendar, email, messaging, and collaboration software; and mobile, cloud, and Internet-of-things applications for healthcare, financial services, and retail markets.

Insight Enterprises, Inc. (NASDAQ:NSIT) Institutional Positions Chart

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