First Trust Advisors LP boosted its stake in shares of Insight Enterprises, Inc. (NASDAQ:NSIT) by 17.8% during the 3rd quarter, according to its most recent 13F filing with the SEC. The firm owned 50,865 shares of the software maker’s stock after buying an additional 7,683 shares during the period. First Trust Advisors LP owned approximately 0.14% of Insight Enterprises worth $2,336,000 at the end of the most recent quarter.
Other large investors also recently added to or reduced their stakes in the company. BlackRock Inc. boosted its position in Insight Enterprises by 3.2% during the second quarter. BlackRock Inc. now owns 4,667,177 shares of the software maker’s stock valued at $186,642,000 after purchasing an additional 143,348 shares in the last quarter. Vanguard Group Inc. raised its stake in shares of Insight Enterprises by 2.9% in the second quarter. Vanguard Group Inc. now owns 3,335,703 shares of the software maker’s stock worth $133,395,000 after purchasing an additional 92,987 shares during the last quarter. Northern Trust Corp raised its stake in shares of Insight Enterprises by 1.7% in the second quarter. Northern Trust Corp now owns 1,543,613 shares of the software maker’s stock worth $61,730,000 after purchasing an additional 25,161 shares during the last quarter. LSV Asset Management raised its stake in shares of Insight Enterprises by 2.8% in the second quarter. LSV Asset Management now owns 1,222,100 shares of the software maker’s stock worth $48,871,000 after purchasing an additional 33,823 shares during the last quarter. Finally, Aberdeen Asset Management PLC UK raised its stake in shares of Insight Enterprises by 14.2% in the second quarter. Aberdeen Asset Management PLC UK now owns 1,079,731 shares of the software maker’s stock worth $43,179,000 after purchasing an additional 134,029 shares during the last quarter. Institutional investors own 97.19% of the company’s stock.
Insight Enterprises, Inc. (NSIT) traded down $0.02 during midday trading on Friday, reaching $36.74. The company’s stock had a trading volume of 168,235 shares, compared to its average volume of 217,620. The company has a debt-to-equity ratio of 0.65, a current ratio of 1.84 and a quick ratio of 1.59. The firm has a market capitalization of $1,315.00, a price-to-earnings ratio of 11.66 and a beta of 1.56. Insight Enterprises, Inc. has a one year low of $35.26 and a one year high of $53.19.
Insight Enterprises (NASDAQ:NSIT) last issued its quarterly earnings results on Tuesday, November 7th. The software maker reported $0.73 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.68 by $0.05. The company had revenue of $1.76 billion for the quarter, compared to the consensus estimate of $1.59 billion. Insight Enterprises had a return on equity of 11.15% and a net margin of 1.27%. Insight Enterprises’s revenue was up 26.2% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.62 EPS. equities research analysts predict that Insight Enterprises, Inc. will post 3.22 earnings per share for the current fiscal year.
Several brokerages have recently issued reports on NSIT. ValuEngine cut Insight Enterprises from a “buy” rating to a “hold” rating in a research note on Wednesday, November 15th. B. Riley reiterated a “buy” rating and set a $56.00 price target (up from $54.50) on shares of Insight Enterprises in a research report on Wednesday, November 8th. Zacks Investment Research cut Insight Enterprises from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, October 4th. Finally, BidaskClub cut Insight Enterprises from a “sell” rating to a “strong sell” rating in a research report on Tuesday, August 22nd. Two research analysts have rated the stock with a sell rating, three have given a hold rating and one has given a buy rating to the company. The company presently has an average rating of “Hold” and an average price target of $51.00.
About Insight Enterprises
Insight Enterprises, Inc is engaged in providing information technology (IT) hardware, software, and cloud and service solutions to business, government, healthcare and educational clients. The Company operates through three segments: North America, EMEA and APAC. North America comprises the United States and Canada; EMEA comprises Europe, the Middle East and Africa, and APAC comprises Asia Pacific.
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