Frontier Capital Management Co. LLC Has $28.66 Million Stock Position in Insight Enterprises, Inc. (NASDAQ:NSIT)

Frontier Capital Management Co. LLC lessened its holdings in shares of Insight Enterprises, Inc. (NASDAQ:NSIT - Free Report) by 7.6% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 188,393 shares of the software maker's stock after selling 15,486 shares during the period. Frontier Capital Management Co. LLC owned approximately 0.59% of Insight Enterprises worth $28,655,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Golden State Wealth Management LLC acquired a new stake in shares of Insight Enterprises in the 4th quarter valued at about $32,000. R Squared Ltd acquired a new stake in shares of Insight Enterprises in the fourth quarter valued at approximately $33,000. J.Safra Asset Management Corp boosted its holdings in Insight Enterprises by 40.8% during the fourth quarter. J.Safra Asset Management Corp now owns 245 shares of the software maker's stock worth $37,000 after purchasing an additional 71 shares during the last quarter. NewEdge Advisors LLC lifted its position in Insight Enterprises by 32.8% during the 4th quarter. NewEdge Advisors LLC now owns 255 shares of the software maker's stock worth $39,000 after buying an additional 63 shares in the last quarter. Finally, Smartleaf Asset Management LLC increased 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 acquiring an additional 374 shares during the last quarter.

Wall Street Analysts Forecast Growth

A number of equities analysts recently weighed in on NSIT shares. Barrington Research lowered their target price on shares of Insight Enterprises from $205.00 to $164.00 and set an "outperform" rating on the stock in a report on Friday, April 4th. JPMorgan Chase & Co. reduced their target price on shares of Insight Enterprises from $193.00 to $156.00 and set a "neutral" rating for the company in a report 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 company's stock. According to data from MarketBeat, Insight Enterprises currently has a consensus rating of "Hold" and a consensus target price of $185.00.

Insight Enterprises Price Performance

NASDAQ NSIT traded down $1.60 on Wednesday, hitting $136.85. 157,543 shares of the company's stock were exchanged, compared to its average volume of 317,235. The company has a current ratio of 1.18, a quick ratio of 1.15 and a debt-to-equity ratio of 0.30. Insight Enterprises, Inc. has a 52 week low of $126.10 and a 52 week high of $228.07. The stock has a market cap of $4.37 billion, a price-to-earnings ratio of 20.99, a P/E/G ratio of 1.40 and a beta of 1.22. The stock has a 50-day moving average of $141.95 and a 200-day moving average of $155.42.

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

Insight Enterprises 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.