Insight Enterprises, Inc. (NASDAQ:NSIT) Shares Acquired by Harbor Capital Advisors Inc.

Harbor Capital Advisors Inc. grew its holdings in Insight Enterprises, Inc. (NASDAQ:NSIT - Free Report) by 65.0% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 23,578 shares of the software maker's stock after purchasing an additional 9,289 shares during the period. Harbor Capital Advisors Inc. owned about 0.07% of Insight Enterprises worth $5,078,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also bought and sold shares of NSIT. Van ECK Associates Corp increased its stake in shares of Insight Enterprises by 36.5% during the first quarter. Van ECK Associates Corp now owns 11,658 shares of the software maker's stock valued at $2,163,000 after buying an additional 3,118 shares during the period. BNP Paribas Financial Markets increased its stake 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 buying an additional 7,067 shares during the period. Janney Montgomery Scott LLC purchased a new position in shares of Insight Enterprises during the first quarter valued at $431,000. Texas Permanent School Fund Corp increased its stake in shares of Insight Enterprises by 1.3% during the first quarter. Texas Permanent School Fund Corp now owns 24,234 shares of the software maker's stock valued at $4,496,000 after buying an additional 314 shares during the period. Finally, SG Americas Securities LLC increased its stake in shares of Insight Enterprises by 249.8% during the first 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 during the period.

Insider Buying and Selling

In related news, insider Jennifer M. Vasin sold 739 shares of the business's stock in a transaction that occurred on 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 directly 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 sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 1.23% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

A number of equities research analysts recently weighed in on the company. Barrington Research dropped 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. dropped their price objective on Insight Enterprises from $233.00 to $225.00 and set a "neutral" rating on the stock in a research report on Friday, August 2nd. Finally, Stifel Nicolaus raised their price objective on Insight Enterprises from $192.00 to $200.00 and gave the company a "hold" rating in a research report on Wednesday, July 17th.

Insight Enterprises Stock Performance

Shares of Insight Enterprises stock traded down $1.71 on Monday, reaching $170.50. 460,519 shares of the stock were exchanged, compared to its average volume of 227,968. The company has a quick ratio of 1.19, a current ratio of 1.24 and a debt-to-equity ratio of 0.43. Insight Enterprises, Inc. has a twelve month low of $141.73 and a twelve month high of $228.07. The firm has a market capitalization of $5.56 billion, a price-to-earnings ratio of 21.63, a PEG ratio of 1.37 and a beta of 1.48. The business has a 50 day moving average price of $210.88 and a two-hundred day moving average price of $203.95.

Insight Enterprises (NASDAQ:NSIT - Get Free Report) last announced 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 analysts' expectations of $2.34 billion. Insight Enterprises had a net margin of 3.42% and a return on equity of 19.71%. The firm's revenue was down 7.9% compared to the same quarter last year. During the same quarter in the prior year, the business posted $2.37 earnings per share. Analysts anticipate that Insight Enterprises, Inc. will post 10.67 earnings per share for the current fiscal year.

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.