Do Hedge Funds and Insiders Love Insight Enterprises, Inc. (NSIT)?

Page 1 of 2

What’s a smart Insight Enterprises, Inc. (NASDAQ:NSIT) investor to do?

In the eyes of many traders, hedge funds are assumed to be overrated, old financial vehicles of a period lost to current times. Although there are over 8,000 hedge funds trading today, this site aim at the top tier of this club, close to 525 funds. It is assumed that this group has its hands on the lion’s share of the smart money’s total capital, and by tracking their best picks, we’ve unsheathed a few investment strategies that have historically outperformed the broader indices. Our small-cap hedge fund strategy outperformed the S&P 500 index by 18 percentage points per annum for a decade in our back tests, and since we’ve started sharing our picks with our subscribers at the end of August 2012, we have outpaced the S&P 500 index by 33 percentage points in 11 months (find a sample of our picks).

Equally as key, positive insider trading sentiment is a second way to analyze the marketplace. There are lots of stimuli for a bullish insider to get rid of shares of his or her company, but only one, very simple reason why they would behave bullishly. Plenty of empirical studies have demonstrated the impressive potential of this strategy if piggybackers understand what to do (learn more here).

Insight Enterprises, Inc. (NASDAQ:NSIT)

What’s more, we’re going to study the latest info for Insight Enterprises, Inc. (NASDAQ:NSIT).

What have hedge funds been doing with Insight Enterprises, Inc. (NASDAQ:NSIT)?

In preparation for the third quarter, a total of 13 of the hedge funds we track were bullish in this stock, a change of 30% from one quarter earlier. With the smart money’s sentiment swirling, there exists an “upper tier” of notable hedge fund managers who were upping their stakes considerably.

When using filings from the hedgies we track, Pzena Investment Management, managed by Richard S. Pzena, holds the most valuable position in Insight Enterprises, Inc. (NASDAQ:NSIT). Pzena Investment Management has a $27.9 million position in the stock, comprising 0.2% of its 13F portfolio. Coming in second is AQR Capital Management, managed by Cliff Asness, which held a $12.5 million position; less than 0.1%% of its 13F portfolio is allocated to the stock. Other peers with similar optimism include Joel Greenblatt’s Gotham Asset Management, Ken Griffin’s Citadel Investment Group and Neil Chriss’s Hutchin Hill Capital.

As aggregate interest spiked, certain bigger names were breaking ground themselves. Pzena Investment Management, managed by Richard S. Pzena, created the most valuable position in Insight Enterprises, Inc. (NASDAQ:NSIT). Pzena Investment Management had 27.9 million invested in the company at the end of the quarter. Cliff Asness’s AQR Capital Management also initiated a $12.5 million position during the quarter. The other funds with brand new NSIT positions are Joel Greenblatt’s Gotham Asset Management, Ken Griffin’s Citadel Investment Group, and Neil Chriss’s Hutchin Hill Capital.

What have insiders been doing with Insight Enterprises, Inc. (NASDAQ:NSIT)?

Bullish insider trading is most useful when the company we’re looking at has experienced transactions within the past 180 days. Over the last half-year time period, Insight Enterprises, Inc. (NASDAQ:NSIT) has experienced zero unique insiders purchasing, and zero insider sales (see the details of insider trades here).

We’ll check out the relationship between both of these indicators in other stocks similar to Insight Enterprises, Inc. (NASDAQ:NSIT). These stocks are Lifelock Inc (NYSE:LOCK), FleetMatics Group PLC (NYSE:FLTX), Jive Software Inc (NASDAQ:JIVE), Monotype Imaging Holdings Inc. (NASDAQ:TYPE), and Imperva Inc (NYSE:IMPV). This group of stocks are the members of the application software industry and their market caps match NSIT’s market cap.

Page 1 of 2
blog comments powered by Disqus
Insider Monkey Headlines
Insider Monkey Small Cap Strategy
Insider Monkey Small Cap Strategy

Insider Monkey beat the market by 52 percentage points in 24 months Click to see monthly returns in table format!

Lists

10 Most Influential Papers In Economics

Top 8 Biggest Charities in the US

10 Worst Celebrity Career Moves Ever

Top 10 Best Paid Tennis Stars in the World

10 Cities with High Demand for Nurses

6 of the Worst Greeting Card Messages Ever Crafted

6 Ways to Make Money in ArcheAge and Build Your Empire

10 Foods To Eat To Lower Cholesterol Levels

The 10 Most Hated Television Characters of All Time

The 30 Worst Halloween Costume Ideas Ever Brought to Horrible Life

10 Vocational Skills in Demand Today with Jobs Waiting to be Filled

10 Best Places to Visit in Central and South America

The 10 Greatest Empires in History Which Nearly Conquered the World

The 6 Cheapest Boarding Schools In America 2015

5 Clear Reasons LoL is Better than DotA, Continues to Rule MOBAs

The Only 9 Teams with a Chance to Win the Super Bowl

The 15 Most Common Phobias in America that Induce Fits of Panic

Top 6 Least Expensive Tourist Destinations in 2014

Jim Goetz, Peter Fenton, Jim Breyer: Top 6 Venture Investors for 2014

Top 15 Billionaires in 2014

5 Pitfalls To Avoid When Buying a Franchise

Top 20 Medical Schools in the US – 2014 Rankings

4 Business Strategies that Turned Jamie Oliver into the World’s Richest Chef

6 Qualities That Make You A Good Team Player

10 High Paying Seasonal Jobs in America this Holiday Season

The 10 Busiest Shipping Lanes in the World

5 Most Valuable Brands in China

The 10 States with Highest Substance Abuse Rates Crippling Their Populace

The Top 10 Things to Do Before You Die That Will Echo for Eternity

The 10 Best Selling Items on Etsy

Top 10 Things to Do in Tokyo, the Greatest City in the World

10 Mistakes on Social Media that Can Harm You and Will Probably Get You Canned

The 10 Best Cities to Find Jobs in 2014

The 10 Most Controversial Songs Of All Time to Hit (and get Banned from) the Airwaves

The 20 Biggest IPOs in US History

The 10 Best Places to Visit in Mexico that Are Beautiful and Safe

7 Bad Habits that Age You Beyond Your Years

The 40 Best Fortune Cookie Sayings That Will Leave You Bemused, Befuddled, or Beguiled

10 Foods to Eat Before a Workout to Make Every Drop of Sweat Count

The 5 Best Documentaries On Netflix You Must See

The Most Heartwarming and Inspirational Story Of This Halloween Season, It Will Make You Cry and Jump For Joy

10 Best Party Songs of All Time to Bring the House Down With

5 New World Order Conspiracy Theories that Will Strangle the World

The 10 Highest Rated Movies of 2014

The 10 Largest Container Shipping Companies in the World

The 10 Largest Armies in the World: Who Should We Be Afraid Of?

Best Warren Buffett Quotes on Money You Need to Hear

The 10 Highest Suicide Rates by Profession

The 20 Most Underrated Movies of All Time

The 10 Fastest Growing Companies in America

Subscribe

Enter your email:

Delivered by FeedBurner

X

Thanks! An email with instructions is sent to !

Your email already exists in our database. Click here to go to your subscriptions

Insider Monkey returned 47.6% in its first year! Wondering How?

Download a complete edition of our newsletter for free!