Geode Capital Management LLC Buys 10,711 Shares of Insight Enterprises, Inc. (NASDAQ:NSIT)

Geode Capital Management LLC grew its stake in Insight Enterprises, Inc. (NASDAQ:NSIT - Free Report) by 1.7% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 659,483 shares of the software maker's stock after buying an additional 10,711 shares during the period. Geode Capital Management LLC owned approximately 2.08% of Insight Enterprises worth $142,073,000 as of its most recent SEC filing.

Other hedge funds have also made changes to their positions in the company. Blue Trust Inc. lifted its position in Insight Enterprises by 40.8% during the 2nd quarter. Blue Trust Inc. now owns 531 shares of the software maker's stock worth $99,000 after acquiring an additional 154 shares during the last quarter. GAMMA Investing LLC increased its stake in shares of Insight Enterprises by 72.6% in the third quarter. GAMMA Investing LLC now owns 780 shares of the software maker's stock worth $168,000 after purchasing an additional 328 shares during the period. Ausbil Investment Management Ltd acquired a new position in shares of Insight Enterprises during the 2nd quarter worth about $195,000. Huntington National Bank lifted its holdings in shares of Insight Enterprises by 7.3% during the third quarter. Huntington National Bank now owns 995 shares of the software maker's stock worth $214,000 after buying an additional 68 shares during the last quarter. Finally, Atria Investments Inc bought a new stake in shares of Insight Enterprises in the third quarter valued at approximately $215,000.

Analyst Upgrades and Downgrades

NSIT has been the topic of several recent research reports. 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 report on Monday, November 4th. Redburn Atlantic started coverage on Insight Enterprises in a research report on Friday, November 15th. They set a "buy" rating and a $220.00 price target on the stock. Three research analysts have rated the stock with a hold rating and two have given a buy rating to the company. According to data from MarketBeat, Insight Enterprises has a consensus rating of "Hold" and a consensus price target of $212.50.

Insight Enterprises Trading Down 3.5 %

Shares of NASDAQ:NSIT traded down $5.73 during trading on Tuesday, hitting $155.75. 361,557 shares of the company's stock were exchanged, compared to its average volume of 253,275. The firm has a 50-day moving average price of $179.53 and a two-hundred day moving average price of $195.98. Insight Enterprises, Inc. has a 1-year low of $146.56 and a 1-year high of $228.07. The firm has a market cap of $4.95 billion, a P/E ratio of 19.61, a PEG ratio of 1.39 and a beta of 1.42. 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 - Get Free Report) last posted its quarterly earnings results on Thursday, October 31st. The software maker reported $2.19 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.37 by ($0.18). Insight Enterprises had a return on equity of 19.71% and a net margin of 3.42%. The company had revenue of $2.09 billion during the quarter, compared to the consensus estimate of $2.34 billion. During the same quarter in the prior year, the business earned $2.37 earnings per share. The firm's revenue for the quarter was down 7.9% on a year-over-year basis. Equities analysts predict that Insight Enterprises, Inc. will post 9.55 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.