Aristotle Capital Boston LLC Has $17.28 Million Position in Insight Enterprises, Inc. (NASDAQ:NSIT)

Aristotle Capital Boston LLC grew its stake in Insight Enterprises, Inc. (NASDAQ:NSIT - Free Report) by 11.4% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 113,607 shares of the software maker's stock after acquiring an additional 11,627 shares during the period. Aristotle Capital Boston LLC owned 0.36% of Insight Enterprises worth $17,280,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also recently bought and sold shares of the company. Alberta Investment Management Corp bought a new position in Insight Enterprises during the 4th quarter worth approximately $2,494,000. Raymond James Financial Inc. bought a new position in Insight Enterprises in the fourth quarter valued at $532,000. Principal Financial Group Inc. raised its holdings in Insight Enterprises by 1.2% during the fourth quarter. Principal Financial Group Inc. now owns 143,544 shares of the software maker's stock worth $21,833,000 after acquiring an additional 1,653 shares in the last quarter. Rhumbline Advisers raised its position in Insight Enterprises by 2.4% during the fourth quarter. Rhumbline Advisers now owns 82,198 shares of the software maker's stock worth $12,502,000 after acquiring an additional 1,925 shares in the last quarter. Finally, New York Life Investment Management LLC bought a new stake in Insight Enterprises in the fourth quarter valued at approximately $449,000.

Wall Street Analysts Forecast Growth

NSIT has been the topic of a number of recent research reports. JPMorgan Chase & Co. lowered their target price on Insight Enterprises from $193.00 to $156.00 and set a "neutral" rating on the stock in a research note on Thursday, April 17th. Barrington Research cut their target price on shares of Insight Enterprises from $205.00 to $164.00 and set an "outperform" rating on the stock in a research report on Friday, April 4th. Three research analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. According to MarketBeat.com, Insight Enterprises has a consensus rating of "Hold" and an average target price of $185.00.

Insight Enterprises Trading Down 1.6 %

Insight Enterprises stock traded down $2.08 during mid-day trading on Tuesday, hitting $131.60. 456,543 shares of the stock were exchanged, compared to its average volume of 311,921. The company has a quick ratio of 1.15, a current ratio of 1.18 and a debt-to-equity ratio of 0.30. The firm's fifty day simple moving average is $143.67 and its two-hundred day simple moving average is $158.14. Insight Enterprises, Inc. has a 12 month low of $126.10 and a 12 month high of $228.07. The stock has a market capitalization of $4.20 billion, a price-to-earnings ratio of 20.18, a PEG ratio of 1.40 and a beta of 1.22.

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 (EPS) for the quarter, topping analysts' consensus estimates of $2.03 by $0.03. The firm had revenue of $2.10 billion for the quarter, compared to analysts' expectations of $2.19 billion. Insight Enterprises had a return on equity of 18.95% and a net margin of 2.87%. The company's revenue for the quarter was down 11.6% compared to the same quarter last year. During the same period in the prior year, the business earned $2.37 EPS. Analysts forecast that Insight Enterprises, Inc. will post 9.89 EPS 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.