Forte Capital LLC ADV Takes Position in Insight Enterprises, Inc. (NASDAQ:NSIT)

Forte Capital LLC ADV bought a new position in shares of Insight Enterprises, Inc. (NASDAQ:NSIT) in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 14,583 shares of the software maker’s stock, valued at approximately $3,141,000.

Several other institutional investors also recently bought and sold shares of the stock. BNP Paribas Financial Markets grew its position in shares of Insight Enterprises by 22.9% during the first quarter. BNP Paribas Financial Markets now owns 37,925 shares of the software maker’s stock valued at $7,036,000 after purchasing an additional 7,067 shares in the last quarter. Janney Montgomery Scott LLC bought a new stake in Insight Enterprises in the first quarter worth $431,000. Texas Permanent School Fund Corp increased its holdings in shares of Insight Enterprises by 1.3% in the 1st quarter. Texas Permanent School Fund Corp now owns 24,234 shares of the software maker’s stock worth $4,496,000 after buying an additional 314 shares during the last quarter. SG Americas Securities LLC raised its position in shares of Insight Enterprises by 249.8% during the 1st quarter. SG Americas Securities LLC now owns 6,544 shares of the software maker’s stock valued at $1,214,000 after buying an additional 4,673 shares in the last quarter. Finally, Headlands Technologies LLC bought a new position in shares of Insight Enterprises in the 1st quarter valued at about $209,000.

Insight Enterprises Trading Up 2.6 %

NASDAQ NSIT opened at $174.50 on Thursday. The stock has a market cap of $5.54 billion, a PE ratio of 21.95, a PEG ratio of 1.49 and a beta of 1.48. Insight Enterprises, Inc. has a 12 month low of $141.73 and a 12 month high of $228.07. The company’s 50-day moving average price is $208.32 and its 200-day moving average price is $203.58. The company has a current ratio of 1.24, a quick ratio of 1.20 and a debt-to-equity ratio of 0.43.

Insight Enterprises (NASDAQ:NSIT) last posted its quarterly earnings results on Thursday, October 31st. The software maker reported $2.19 earnings per share for the quarter, missing the consensus estimate of $2.37 by ($0.18). The company had revenue of $2.09 billion for the quarter, compared to the consensus estimate of $2.34 billion. Insight Enterprises had a net margin of 3.42% and a return on equity of 19.71%. The business’s revenue was down 7.9% on a year-over-year basis. During the same period in the prior year, the firm posted $2.37 EPS. Equities research analysts forecast that Insight Enterprises, Inc. will post 9.54 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of equities research analysts have issued reports on the company. Barrington Research decreased their price objective on Insight Enterprises from $225.00 to $205.00 and set an “outperform” rating on the stock in a research report on Monday. JPMorgan Chase & Co. decreased their price target on Insight Enterprises from $233.00 to $225.00 and set a “neutral” rating on the stock in a report on Friday, August 2nd. Finally, Stifel Nicolaus lifted their price objective on shares of Insight Enterprises from $192.00 to $200.00 and gave the stock a “hold” rating in a research note on Wednesday, July 17th.

Insiders Place Their Bets

In related 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 value of $152,256.17. Following the completion of the sale, the insider now directly owns 5,460 shares in the company, valued at $1,124,923.80. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Company insiders own 1.23% of the company’s stock.

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.