Harbor Capital Advisors Inc. Acquires 9,289 Shares of Insight Enterprises, Inc. (NASDAQ:NSIT)

Harbor Capital Advisors Inc. increased its holdings in shares of Insight Enterprises, Inc. (NASDAQ:NSIT) by 65.0% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 23,578 shares of the software maker’s stock after acquiring an additional 9,289 shares during the quarter. Harbor Capital Advisors Inc. owned approximately 0.07% of Insight Enterprises worth $5,078,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also bought and sold shares of the company. CANADA LIFE ASSURANCE Co raised its stake in shares of Insight Enterprises by 17.0% during the 1st quarter. CANADA LIFE ASSURANCE Co now owns 27,251 shares of the software maker’s stock worth $5,050,000 after purchasing an additional 3,956 shares during the period. Point72 DIFC Ltd bought a new position in shares of Insight Enterprises during the 2nd quarter valued at approximately $682,000. Silver Lake Advisory LLC purchased a new stake in shares of Insight Enterprises during the 2nd quarter worth approximately $6,343,000. Capital International Investors bought a new stake in shares of Insight Enterprises in the 1st quarter worth approximately $33,765,000. Finally, BOKF NA purchased a new position in Insight Enterprises in the second quarter valued at approximately $622,000.

Insider Transactions at Insight Enterprises

In other news, insider Jennifer M. Vasin sold 739 shares of Insight Enterprises stock in a transaction dated Monday, August 19th. The stock was sold at an average price of $206.03, for a total transaction of $152,256.17. Following the completion of the sale, the insider now owns 5,460 shares in the company, valued at approximately $1,124,923.80. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Insiders own 1.23% of the company’s stock.

Insight Enterprises Stock Performance

Shares of NSIT opened at $172.21 on Monday. Insight Enterprises, Inc. has a 52-week low of $139.34 and a 52-week high of $228.07. The stock’s 50-day simple moving average is $210.88 and its 200 day simple moving average is $203.79. The company has a debt-to-equity ratio of 0.43, a quick ratio of 1.19 and a current ratio of 1.24. The stock has a market capitalization of $5.61 billion, a price-to-earnings ratio of 21.66, a price-to-earnings-growth ratio of 1.37 and a beta of 1.48.

Insight Enterprises (NASDAQ:NSIT) last announced its quarterly earnings results on Thursday, October 31st. The software maker reported $2.19 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.37 by ($0.18). The firm had revenue of $2.09 billion during the quarter, compared to analysts’ expectations of $2.34 billion. Insight Enterprises had a return on equity of 19.71% and a net margin of 3.42%. The company’s quarterly revenue was down 7.9% compared to the same quarter last year. During the same period in the previous year, the company posted $2.37 earnings per share. Research analysts forecast that Insight Enterprises, Inc. will post 10.67 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several brokerages have issued reports on NSIT. Barrington Research restated an “outperform” rating and issued a $225.00 target price on shares of Insight Enterprises in a research note on Friday, September 20th. Stifel Nicolaus upped their price objective on shares of Insight Enterprises from $192.00 to $200.00 and gave the company a “hold” rating in a report on Wednesday, July 17th. Finally, JPMorgan Chase & Co. reduced their target price on shares of Insight Enterprises from $233.00 to $225.00 and set a “neutral” rating for the company in a research note on Friday, August 2nd.

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.