Forte Capital LLC ADV Makes New $3.14 Million Investment in Insight Enterprises, Inc. (NASDAQ:NSIT)

Forte Capital LLC ADV acquired a new position in shares of Insight Enterprises, Inc. (NASDAQ:NSIT - Free Report) during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm acquired 14,583 shares of the software maker's stock, valued at approximately $3,141,000.

Several other hedge funds have also made changes to their positions in the business. Opal Wealth Advisors LLC acquired a new position in Insight Enterprises during the second quarter worth approximately $38,000. EntryPoint Capital LLC acquired a new stake in shares of Insight Enterprises during the 1st quarter worth $89,000. GAMMA Investing LLC raised its position in shares of Insight Enterprises by 56.9% in the 2nd quarter. GAMMA Investing LLC now owns 452 shares of the software maker's stock worth $90,000 after buying an additional 164 shares during the period. Blue Trust Inc. boosted its holdings in Insight Enterprises by 40.8% in the second quarter. Blue Trust Inc. now owns 531 shares of the software maker's stock valued at $99,000 after acquiring an additional 154 shares during the last quarter. Finally, First Foundation Advisors purchased a new stake in Insight Enterprises during the first quarter valued at about $195,000.

Analysts Set New Price Targets

NSIT has been the subject of a number of research reports. Stifel Nicolaus boosted their target price on Insight Enterprises from $192.00 to $200.00 and gave the stock a "hold" rating in a report on Wednesday, July 17th. Barrington Research decreased their price objective on shares of Insight Enterprises from $225.00 to $205.00 and set an "outperform" rating for the company in a research note on Monday. Finally, JPMorgan Chase & Co. cut their target price on shares of Insight Enterprises from $233.00 to $225.00 and set a "neutral" rating on the stock in a research note on Friday, August 2nd.

Insight Enterprises Stock Down 1.4 %

Shares of NASDAQ:NSIT traded down $2.42 during mid-day trading on Thursday, hitting $172.08. 755,147 shares of the company traded hands, compared to its average volume of 232,899. The firm's 50 day simple moving average is $208.32 and its 200 day simple moving average is $203.58. The firm has a market cap of $5.47 billion, a P/E ratio of 21.95, a PEG ratio of 1.49 and a beta of 1.48. The company has a debt-to-equity ratio of 0.43, a quick ratio of 1.20 and a current ratio of 1.24. Insight Enterprises, Inc. has a 52-week low of $141.73 and a 52-week high of $228.07.

Insight Enterprises (NASDAQ:NSIT - Get Free Report) last posted its quarterly earnings data 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 for the quarter, compared to analysts' expectations of $2.34 billion. Insight Enterprises had a net margin of 3.42% and a return on equity of 19.71%. The company's revenue for the quarter was down 7.9% on a year-over-year basis. During the same quarter in the prior year, the business earned $2.37 EPS. On average, equities analysts anticipate that Insight Enterprises, Inc. will post 9.54 EPS for the current year.

Insider Buying and Selling at Insight Enterprises

In related news, insider Jennifer M. Vasin sold 739 shares of the business's 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 transaction, the insider now owns 5,460 shares in the company, valued at approximately $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 can be accessed through this link. 1.23% of the stock is currently owned by corporate insiders.

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.