Insight Enterprises, Inc. (NASDAQ:NSIT) Shares Sold by Westfield Capital Management Co. LP

Westfield Capital Management Co. LP trimmed its position in shares of Insight Enterprises, Inc. (NASDAQ:NSIT - Free Report) by 9.6% in the 3rd quarter, according to the company in its most recent disclosure with the SEC. The fund owned 338,325 shares of the software maker's stock after selling 36,014 shares during the quarter. Westfield Capital Management Co. LP owned about 1.07% of Insight Enterprises worth $72,872,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of the company. Charles Schwab Investment Management Inc. raised its stake in Insight Enterprises by 30.1% in the third quarter. Charles Schwab Investment Management Inc. now owns 368,951 shares of the software maker's stock valued at $79,468,000 after buying an additional 85,428 shares during the last quarter. Bank of New York Mellon Corp raised its position in shares of Insight Enterprises by 14.7% in the 2nd quarter. Bank of New York Mellon Corp now owns 286,297 shares of the software maker's stock valued at $56,790,000 after purchasing an additional 36,790 shares during the last quarter. Thrivent Financial for Lutherans boosted its stake in Insight Enterprises by 0.4% in the 3rd quarter. Thrivent Financial for Lutherans now owns 192,551 shares of the software maker's stock worth $41,474,000 after purchasing an additional 709 shares in the last quarter. Country Trust Bank boosted its stake in Insight Enterprises by 0.5% in the 2nd quarter. Country Trust Bank now owns 160,057 shares of the software maker's stock worth $31,749,000 after purchasing an additional 830 shares in the last quarter. Finally, F M Investments LLC purchased a new stake in Insight Enterprises during the 2nd quarter worth approximately $17,258,000.

Insight Enterprises Trading Up 0.8 %

Shares of NSIT stock traded up $1.16 during trading on Friday, hitting $151.11. 491,529 shares of the stock traded hands, compared to its average volume of 482,174. The firm's fifty day moving average price is $196.66 and its 200-day moving average price is $201.17. The company has a debt-to-equity ratio of 0.43, a current ratio of 1.24 and a quick ratio of 1.20. The firm has a market capitalization of $4.80 billion, a P/E ratio of 19.01, a price-to-earnings-growth ratio of 1.31 and a beta of 1.48. Insight Enterprises, Inc. has a 52-week low of $146.56 and a 52-week high of $228.07.

Insight Enterprises (NASDAQ:NSIT - Get Free Report) last issued 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 business had revenue of $2.09 billion for the quarter, compared to analyst estimates of $2.34 billion. During the same period in the prior year, the company posted $2.37 EPS. The firm's revenue for the quarter was down 7.9% compared to the same quarter last year. As a group, research analysts forecast that Insight Enterprises, Inc. will post 9.55 earnings per share for the current fiscal year.

Analysts Set New Price Targets

NSIT has been the subject of a number of research reports. Redburn Atlantic started coverage on shares of Insight Enterprises in a report on Friday, November 15th. They issued a "buy" rating and a $220.00 price target on the stock. JPMorgan Chase & Co. reduced their price target on Insight Enterprises from $233.00 to $225.00 and set a "neutral" rating for the company in a research report on Friday, August 2nd. Finally, Barrington Research lowered 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, November 4th. Three analysts have rated the stock with a hold rating and two have issued a buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of "Hold" and a consensus target price of $212.50.

About Insight Enterprises

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.