Insight Enterprises, Inc. (NASDAQ:NSIT) Position Cut by Kennedy Capital Management LLC

Kennedy Capital Management LLC cut its stake in shares of Insight Enterprises, Inc. (NASDAQ:NSIT - Free Report) by 22.8% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 91,823 shares of the software maker's stock after selling 27,187 shares during the period. Kennedy Capital Management LLC owned 0.29% of Insight Enterprises worth $13,966,000 as of its most recent SEC filing.

Several other large investors have also made changes to their positions in the company. Golden State Wealth Management LLC purchased a new position in shares of Insight Enterprises in the 4th quarter worth about $32,000. R Squared Ltd acquired a new stake in shares of Insight Enterprises in the fourth quarter worth $33,000. J.Safra Asset Management Corp increased its position in shares of Insight Enterprises by 40.8% in the fourth quarter. J.Safra Asset Management Corp now owns 245 shares of the software maker's stock worth $37,000 after acquiring an additional 71 shares in the last quarter. Smartleaf Asset Management LLC lifted its holdings in shares of Insight Enterprises by 287.7% during the 4th quarter. Smartleaf Asset Management LLC now owns 504 shares of the software maker's stock valued at $76,000 after acquiring an additional 374 shares in the last quarter. Finally, Blue Trust Inc. lifted its holdings in shares of Insight Enterprises by 25.8% during the 4th quarter. Blue Trust Inc. now owns 677 shares of the software maker's stock valued at $103,000 after acquiring an additional 139 shares in the last quarter.

Analyst Upgrades and Downgrades

Separately, Barrington Research cut their price objective on 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 equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the company's stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Hold" and an average price target of $202.25.

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Insight Enterprises Stock Down 2.3 %

NSIT traded down $3.11 during trading hours on Tuesday, reaching $132.85. 175,982 shares of the stock traded hands, compared to its average volume of 307,246. The company has a debt-to-equity ratio of 0.30, a current ratio of 1.18 and a quick ratio of 1.15. The firm's fifty day simple moving average is $152.88 and its two-hundred day simple moving average is $167.09. The company has a market cap of $4.22 billion, a price-to-earnings ratio of 20.38, a PEG ratio of 1.40 and a beta of 1.31. Insight Enterprises, Inc. has a fifty-two week low of $126.10 and a fifty-two week high of $228.07.

Insight Enterprises (NASDAQ:NSIT - Get Free Report) last issued its quarterly earnings results on Thursday, February 6th. The software maker reported $2.66 EPS for the quarter, beating analysts' consensus estimates of $2.53 by $0.13. Insight Enterprises had a return on equity of 18.95% and a net margin of 2.87%. During the same period in the prior year, the company earned $2.98 earnings per share. As a group, analysts forecast that Insight Enterprises, Inc. will post 9.89 earnings per share for the current fiscal 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.