First Hawaiian Bank Makes New $484,000 Investment in Insight Enterprises, Inc. (NASDAQ:NSIT)

First Hawaiian Bank acquired a new position in shares of Insight Enterprises, Inc. (NASDAQ:NSIT - Free Report) during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor acquired 3,227 shares of the software maker's stock, valued at approximately $484,000.

A number of other large investors have also modified their holdings of the stock. Golden State Wealth Management LLC purchased a new position in shares of Insight Enterprises in the 4th quarter valued at approximately $32,000. R Squared Ltd purchased a new stake in shares of Insight Enterprises in the fourth quarter valued at $33,000. J.Safra Asset Management Corp grew its position in shares of Insight Enterprises by 40.8% in the fourth quarter. J.Safra Asset Management Corp now owns 245 shares of the software maker's stock valued at $37,000 after purchasing an additional 71 shares during the period. NewEdge Advisors LLC grew its position in shares of Insight Enterprises by 32.8% in the fourth quarter. NewEdge Advisors LLC now owns 255 shares of the software maker's stock valued at $39,000 after purchasing an additional 63 shares during the period. Finally, Smartleaf Asset Management LLC grew its position in shares of Insight Enterprises by 287.7% in the fourth quarter. Smartleaf Asset Management LLC now owns 504 shares of the software maker's stock valued at $76,000 after purchasing an additional 374 shares during the period.

Wall Street Analysts Forecast Growth

A number of equities research analysts have issued reports on NSIT shares. Barrington Research reissued an "outperform" rating and set a $164.00 price target on shares of Insight Enterprises in a research report on Tuesday, May 20th. JPMorgan Chase & Co. cut their price objective on Insight Enterprises from $193.00 to $156.00 and set a "neutral" rating on the stock in a research note on Thursday, April 17th. Three equities research analysts have rated the stock with a hold rating and two have given a buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of "Hold" and a consensus price target of $185.00.

Insight Enterprises Stock Down 0.3%

Shares of NASDAQ NSIT traded down $0.38 during mid-day trading on Wednesday, reaching $130.93. The company had a trading volume of 65,700 shares, compared to its average volume of 324,204. Insight Enterprises, Inc. has a twelve month low of $126.10 and a twelve month high of $228.07. The company has a debt-to-equity ratio of 0.30, a quick ratio of 1.15 and a current ratio of 1.18. The stock has a market capitalization of $4.18 billion, a PE ratio of 20.08, a price-to-earnings-growth ratio of 1.40 and a beta of 1.22. The stock's 50 day moving average is $135.48 and its 200-day moving average is $151.16.

Insight Enterprises (NASDAQ:NSIT - Get Free Report) last issued its quarterly earnings results on Thursday, May 1st. The software maker reported $2.06 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.03 by $0.03. The company had revenue of $2.10 billion for the quarter, compared to the consensus estimate of $2.19 billion. Insight Enterprises had a return on equity of 18.95% and a net margin of 2.87%. The firm's revenue was down 11.6% compared to the same quarter last year. During the same period last year, the business posted $2.37 earnings per share. As a group, equities analysts anticipate that Insight Enterprises, Inc. will post 9.89 earnings per share for the current fiscal year.

Insight Enterprises Company Profile

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.