Massachusetts Financial Services Co. MA Has $83.75 Million Holdings in Insight Enterprises, Inc. (NASDAQ:NSIT)

Massachusetts Financial Services Co. MA boosted its position in shares of Insight Enterprises, Inc. (NASDAQ:NSIT - Free Report) by 48.0% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 558,356 shares of the software maker's stock after acquiring an additional 181,104 shares during the quarter. Massachusetts Financial Services Co. MA owned 1.75% of Insight Enterprises worth $83,748,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Dimensional Fund Advisors LP raised its position in Insight Enterprises by 0.4% during the fourth quarter. Dimensional Fund Advisors LP now owns 821,409 shares of the software maker's stock worth $124,934,000 after acquiring an additional 2,944 shares in the last quarter. Northern Trust Corp raised its position in Insight Enterprises by 16.5% during the fourth quarter. Northern Trust Corp now owns 446,526 shares of the software maker's stock worth $67,917,000 after acquiring an additional 63,200 shares in the last quarter. Norges Bank bought a new stake in Insight Enterprises during the fourth quarter worth $47,585,000. Wellington Management Group LLP raised its position in Insight Enterprises by 65.7% during the fourth quarter. Wellington Management Group LLP now owns 270,797 shares of the software maker's stock worth $41,188,000 after acquiring an additional 107,397 shares in the last quarter. Finally, GAMMA Investing LLC raised its position in Insight Enterprises by 42,674.8% during the first quarter. GAMMA Investing LLC now owns 173,238 shares of the software maker's stock worth $259,840,000 after acquiring an additional 172,833 shares in the last quarter.

Insight Enterprises Stock Performance

Shares of NSIT traded down $1.86 during trading hours on Friday, hitting $139.39. The company had a trading volume of 230,396 shares, compared to its average volume of 336,966. The firm has a market cap of $4.45 billion, a price-to-earnings ratio of 27.88, a PEG ratio of 1.28 and a beta of 1.20. The business has a fifty day moving average of $136.04 and a 200-day moving average of $146.99. Insight Enterprises, Inc. has a 12 month low of $126.10 and a 12 month 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.

Insight Enterprises (NASDAQ:NSIT - Get Free Report) last issued its quarterly earnings data 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 for the quarter, compared to analyst estimates of $2.19 billion. Insight Enterprises had a net margin of 2.26% and a return on equity of 18.50%. The company's revenue was down 11.6% on a year-over-year basis. During the same period in the prior year, the firm earned $2.37 earnings per share. Equities analysts anticipate that Insight Enterprises, Inc. will post 9.89 EPS for the current fiscal year.

Analysts Set New Price Targets

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

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.