Lazard Asset Management LLC Grows Position in Insight Enterprises, Inc. (NASDAQ:NSIT)

Lazard Asset Management LLC lifted its position in Insight Enterprises, Inc. (NASDAQ:NSIT - Free Report) by 128.9% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 12,463 shares of the software maker's stock after acquiring an additional 7,018 shares during the quarter. Lazard Asset Management LLC's holdings in Insight Enterprises were worth $1,894,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in the company. Ethic Inc. grew its stake in shares of Insight Enterprises by 18.2% in the 4th quarter. Ethic Inc. now owns 4,176 shares of the software maker's stock worth $635,000 after acquiring an additional 642 shares in the last quarter. FORA Capital LLC bought a new stake in shares of Insight Enterprises in the 4th quarter worth $229,000. Deutsche Bank AG grew its stake in shares of Insight Enterprises by 54.5% in the 4th quarter. Deutsche Bank AG now owns 25,376 shares of the software maker's stock worth $3,860,000 after acquiring an additional 8,948 shares in the last quarter. Corton Capital Inc. bought a new stake in shares of Insight Enterprises in the 4th quarter worth $258,000. Finally, Crestline Management LP bought a new stake in shares of Insight Enterprises in the 4th quarter worth $969,000.

Analysts Set New Price Targets

Several equities analysts recently weighed in on the stock. Barrington Research restated an "outperform" rating and set a $164.00 price target on shares of Insight Enterprises in a research report on Tuesday. JPMorgan Chase & Co. reduced their price target on shares of Insight Enterprises from $193.00 to $156.00 and set a "neutral" rating for the company in a research report on Thursday, April 17th. Three analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. According to MarketBeat.com, the company has an average rating of "Hold" and an average target price of $185.00.

Insight Enterprises Stock Performance

NSIT traded down $2.90 during trading on Wednesday, hitting $133.44. 247,457 shares of the company traded hands, compared to its average volume of 322,019. The firm has a market cap of $4.26 billion, a P/E ratio of 20.47, a price-to-earnings-growth ratio of 1.40 and a beta of 1.22. The stock's fifty day moving average is $140.07 and its 200 day moving average is $153.42. The company has a quick ratio of 1.15, a current ratio of 1.18 and a debt-to-equity ratio of 0.30. Insight Enterprises, Inc. has a one year low of $126.10 and a one year high of $228.07.

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