Forte Capital LLC ADV Grows Holdings in Insight Enterprises, Inc. (NASDAQ:NSIT)

Forte Capital LLC ADV raised its position in Insight Enterprises, Inc. (NASDAQ:NSIT - Free Report) by 46.0% during the 1st quarter, according to its most recent filing with the SEC. The firm owned 20,122 shares of the software maker's stock after buying an additional 6,342 shares during the quarter. Forte Capital LLC ADV owned about 0.06% of Insight Enterprises worth $3,018,000 as of its most recent filing with the SEC.

Other institutional investors also recently bought and sold shares of the company. Raymond James Financial Inc. purchased a new stake in shares of Insight Enterprises during the 4th quarter worth $532,000. Zurcher Kantonalbank Zurich Cantonalbank boosted its position in shares of Insight Enterprises by 11.3% during the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 7,264 shares of the software maker's stock worth $1,105,000 after purchasing an additional 738 shares in the last quarter. HighTower Advisors LLC boosted its position in shares of Insight Enterprises by 7.0% during the 4th quarter. HighTower Advisors LLC now owns 5,838 shares of the software maker's stock worth $888,000 after purchasing an additional 383 shares in the last quarter. Swiss National Bank boosted its position in shares of Insight Enterprises by 0.9% during the 4th quarter. Swiss National Bank now owns 54,500 shares of the software maker's stock worth $8,289,000 after purchasing an additional 500 shares in the last quarter. Finally, Skandinaviska Enskilda Banken AB publ purchased a new stake in shares of Insight Enterprises during the 4th quarter worth $135,000.

Analyst Ratings Changes

NSIT has been the topic of several research analyst reports. Barrington Research restated an "outperform" rating and set a $164.00 target price on shares of Insight Enterprises in a research report on Tuesday, May 20th. JPMorgan Chase & Co. boosted their target price on shares of Insight Enterprises from $152.00 to $165.00 and gave the stock a "neutral" rating in a research report on Thursday.

Insight Enterprises Price Performance

Shares of Insight Enterprises stock traded down $1.86 on Friday, hitting $139.39. The company's stock had a trading volume of 230,396 shares, compared to its average volume of 336,966. Insight Enterprises, Inc. has a 52-week low of $126.10 and a 52-week high of $228.07. The company has a quick ratio of 1.19, a current ratio of 1.23 and a debt-to-equity ratio of 0.60. The firm has a fifty day moving average price of $136.04 and a 200-day moving average price of $146.99. The company has a market capitalization of $4.45 billion, a P/E ratio of 27.88, a price-to-earnings-growth ratio of 1.28 and a beta of 1.20.

Insight Enterprises (NASDAQ:NSIT - Get Free Report) last released its quarterly earnings data on Thursday, May 1st. The software maker reported $2.06 EPS for the quarter, topping the consensus estimate of $2.03 by $0.03. Insight Enterprises had a net margin of 2.26% and a return on equity of 18.50%. The business had revenue of $2.10 billion for the quarter, compared to analyst estimates of $2.19 billion. During the same period in the previous year, the firm earned $2.37 EPS. The business's revenue for the quarter was down 11.6% compared to the same quarter last year. On average, equities research analysts expect that Insight Enterprises, Inc. will post 9.89 earnings per share for the current fiscal year.

About Insight Enterprises

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.