Wellington Management Group LLP Grows Stake in Insight Enterprises, Inc. (NASDAQ:NSIT)

Wellington Management Group LLP boosted its stake in Insight Enterprises, Inc. (NASDAQ:NSIT - Free Report) by 65.7% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 270,797 shares of the software maker's stock after purchasing an additional 107,397 shares during the period. Wellington Management Group LLP owned approximately 0.85% of Insight Enterprises worth $41,188,000 at the end of the most recent quarter.

A number of other large investors have also added to or reduced their stakes in the stock. Baron Wealth Management LLC increased its position in shares of Insight Enterprises by 3.8% during the 4th quarter. Baron Wealth Management LLC now owns 1,570 shares of the software maker's stock valued at $239,000 after purchasing an additional 58 shares during the last quarter. Quantinno Capital Management LP raised its position in Insight Enterprises by 2.0% in the third quarter. Quantinno Capital Management LP now owns 3,456 shares of the software maker's stock worth $744,000 after acquiring an additional 68 shares during the period. J.Safra Asset Management Corp boosted its stake in shares of Insight Enterprises by 40.8% during the 4th 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 during the last quarter. Cornerstone Investment Partners LLC increased its stake in shares of Insight Enterprises by 5.8% in the 4th quarter. Cornerstone Investment Partners LLC now owns 1,371 shares of the software maker's stock worth $209,000 after purchasing an additional 75 shares in the last quarter. Finally, Romano Brothers AND Company grew its holdings in Insight Enterprises by 2.7% during the fourth quarter. Romano Brothers AND Company now owns 3,850 shares of the software maker's stock valued at $586,000 after purchasing an additional 100 shares during the period.

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Analyst Ratings Changes

Separately, Barrington Research lowered 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 research analysts have rated the stock with a hold rating and two have given a buy rating to the company's stock. According to data from MarketBeat.com, the stock currently has an average rating of "Hold" and an average price target of $202.25.

Insight Enterprises Trading Down 0.2 %

NSIT stock traded down $0.29 during trading on Friday, hitting $134.39. The company had a trading volume of 206,233 shares, compared to its average volume of 307,380. The firm has a market capitalization of $4.27 billion, a P/E ratio of 20.61, a PEG ratio of 1.40 and a beta of 1.31. The company has a quick ratio of 1.15, a current ratio of 1.18 and a debt-to-equity ratio of 0.30. Insight Enterprises, Inc. has a 52-week low of $126.10 and a 52-week high of $228.07. The company has a 50 day simple moving average of $153.65 and a 200-day simple moving average of $167.94.

Insight Enterprises (NASDAQ:NSIT - Get Free Report) last announced its quarterly earnings results on Thursday, February 6th. The software maker reported $2.66 earnings per share (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 last year, the business earned $2.98 earnings per share. As a group, research analysts forecast that Insight Enterprises, Inc. will post 9.89 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.