Harbor Capital Advisors Inc. Purchases 9,289 Shares of Insight Enterprises, Inc. (NASDAQ:NSIT)

Harbor Capital Advisors Inc. increased its position in Insight Enterprises, Inc. (NASDAQ:NSIT) by 65.0% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 23,578 shares of the software maker’s stock after buying an additional 9,289 shares during the quarter. Harbor Capital Advisors Inc.’s holdings in Insight Enterprises were worth $5,078,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also bought and sold shares of the company. Opal Wealth Advisors LLC bought a new stake in shares of Insight Enterprises in the 2nd quarter worth approximately $38,000. EntryPoint Capital LLC purchased a new stake in Insight Enterprises during the first quarter valued at about $89,000. GAMMA Investing LLC grew its stake in shares of Insight Enterprises by 56.9% during the second quarter. GAMMA Investing LLC now owns 452 shares of the software maker’s stock valued at $90,000 after buying an additional 164 shares during the last quarter. Blue Trust Inc. increased its holdings in shares of Insight Enterprises by 40.8% in the second quarter. Blue Trust Inc. now owns 531 shares of the software maker’s stock worth $99,000 after buying an additional 154 shares during the period. Finally, First Foundation Advisors bought a new stake in shares of Insight Enterprises in the 1st quarter valued at about $195,000.

Insight Enterprises Price Performance

Shares of NSIT stock opened at $172.21 on Monday. The company has a debt-to-equity ratio of 0.43, a quick ratio of 1.19 and a current ratio of 1.24. Insight Enterprises, Inc. has a fifty-two week low of $139.34 and a fifty-two week high of $228.07. The firm has a market cap of $5.61 billion, a P/E ratio of 21.66, a P/E/G ratio of 1.37 and a beta of 1.48. The business’s 50 day moving average price is $210.88 and its 200-day moving average price is $203.79.

Insight Enterprises (NASDAQ:NSIT) last released 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). Insight Enterprises had a net margin of 3.42% and a return on equity of 19.71%. The company had revenue of $2.09 billion during the quarter, compared to the consensus estimate of $2.34 billion. During the same quarter last year, the firm earned $2.37 EPS. The business’s revenue was down 7.9% on a year-over-year basis. On average, equities research analysts anticipate that Insight Enterprises, Inc. will post 10.67 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several equities analysts recently issued reports on the company. JPMorgan Chase & Co. reduced their price target 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. Stifel Nicolaus upped their price target on shares of Insight Enterprises from $192.00 to $200.00 and gave the company a “hold” rating in a report on Wednesday, July 17th. Finally, Barrington Research reissued an “outperform” rating and issued a $225.00 price target on shares of Insight Enterprises in a report on Friday, September 20th.

Insider Activity at Insight Enterprises

In other Insight Enterprises news, insider Jennifer M. Vasin sold 739 shares of Insight Enterprises 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 sale, the insider now directly owns 5,460 shares of the company’s stock, valued at approximately $1,124,923.80. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. 1.23% of the stock is owned by corporate insiders.

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.