Forte Capital LLC ADV Has $3.02 Million Stock Holdings in Insight Enterprises, Inc. (NASDAQ:NSIT)

Forte Capital LLC ADV increased its position in shares of Insight Enterprises, Inc. (NASDAQ:NSIT - Free Report) by 46.0% during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 20,122 shares of the software maker's stock after acquiring an additional 6,342 shares during the period. Forte Capital LLC ADV owned approximately 0.06% of Insight Enterprises worth $3,018,000 at the end of the most recent quarter.

A number of other hedge funds have also recently bought and sold shares of the company. NewEdge Advisors LLC increased its stake in Insight Enterprises by 32.8% in the 4th quarter. NewEdge Advisors LLC now owns 255 shares of the software maker's stock worth $39,000 after purchasing an additional 63 shares in the last quarter. Bessemer Group Inc. increased its stake in Insight Enterprises by 79.2% in the 1st quarter. Bessemer Group Inc. now owns 190 shares of the software maker's stock worth $29,000 after purchasing an additional 84 shares in the last quarter. Xponance Inc. increased its stake in Insight Enterprises by 4.3% in the 1st quarter. Xponance Inc. now owns 2,278 shares of the software maker's stock worth $342,000 after purchasing an additional 94 shares in the last quarter. Parallel Advisors LLC increased its stake in Insight Enterprises by 40.4% in the 1st quarter. Parallel Advisors LLC now owns 330 shares of the software maker's stock worth $49,000 after purchasing an additional 95 shares in the last quarter. Finally, Quantinno Capital Management LP increased its stake in Insight Enterprises by 4.0% in the 4th quarter. Quantinno Capital Management LP now owns 3,594 shares of the software maker's stock worth $547,000 after purchasing an additional 138 shares in the last quarter.

Insight Enterprises Stock Performance

Shares of NSIT traded down $1.86 on Friday, reaching $139.39. 230,396 shares of the stock traded hands, compared to its average volume of 338,375. The firm has a market cap of $4.45 billion, a price-to-earnings ratio of 27.88, a P/E/G ratio of 1.29 and a beta of 1.20. The company has a debt-to-equity ratio of 0.60, a current ratio of 1.23 and a quick ratio of 1.19. Insight Enterprises, Inc. has a 12 month low of $126.10 and a 12 month high of $228.07. The stock's 50-day moving average price is $136.16 and its 200-day moving average price is $146.85.

Insight Enterprises (NASDAQ:NSIT - Get Free Report) last announced its quarterly earnings results on Thursday, May 1st. The software maker reported $2.06 earnings per share for the quarter, beating analysts' consensus estimates of $2.03 by $0.03. Insight Enterprises had a return on equity of 18.50% and a net margin of 2.26%. The firm had revenue of $2.10 billion for the quarter, compared to analysts' expectations of $2.19 billion. During the same period in the prior year, the business posted $2.37 earnings per share. The business's revenue was down 11.6% compared to the same quarter last year. Equities analysts forecast that Insight Enterprises, Inc. will post 9.89 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of brokerages have commented on NSIT. Barrington Research restated an "outperform" rating and set a $164.00 price objective on shares of Insight Enterprises in a research report on Tuesday, May 20th. JPMorgan Chase & Co. raised their price objective on Insight Enterprises from $152.00 to $165.00 and gave the stock a "neutral" rating in a research report on Thursday.

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.