Forte Capital LLC ADV Cuts Position in Insight Enterprises, Inc. (NASDAQ:NSIT)

Forte Capital LLC ADV cut its holdings in Insight Enterprises, Inc. (NASDAQ:NSIT) by 5.5% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 13,780 shares of the software maker’s stock after selling 803 shares during the period. Forte Capital LLC ADV’s holdings in Insight Enterprises were worth $2,096,000 at the end of the most recent reporting period.

Several other hedge funds have also added to or reduced their stakes in NSIT. Creative Planning lifted its stake in Insight Enterprises by 38.1% in the third quarter. Creative Planning now owns 9,567 shares of the software maker’s stock worth $2,061,000 after purchasing an additional 2,637 shares during the last quarter. Romano Brothers AND Company lifted its stake in Insight Enterprises by 15.4% in the third quarter. Romano Brothers AND Company now owns 3,750 shares of the software maker’s stock worth $808,000 after purchasing an additional 500 shares during the last quarter. Assenagon Asset Management S.A. bought a new position in shares of Insight Enterprises during the third quarter valued at about $4,753,000. Wealth Enhancement Advisory Services LLC raised its stake in shares of Insight Enterprises by 10.0% during the third quarter. Wealth Enhancement Advisory Services LLC now owns 1,182 shares of the software maker’s stock valued at $255,000 after acquiring an additional 107 shares during the last quarter. Finally, Tevis Investment Management raised its stake in shares of Insight Enterprises by 13.6% during the third quarter. Tevis Investment Management now owns 2,015 shares of the software maker’s stock valued at $434,000 after acquiring an additional 241 shares during the last quarter.

Analyst Ratings Changes

Several equities analysts have recently commented on the stock. Redburn Atlantic assumed coverage on shares of Insight Enterprises in a research note on Friday, November 15th. They set a “buy” rating and a $220.00 price objective for the company. Barrington Research lowered their price objective on shares of Insight Enterprises from $225.00 to $205.00 and set an “outperform” rating for the company in a research note on Monday, November 4th. Three investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $212.50.

Insight Enterprises Price Performance

Shares of NASDAQ NSIT opened at $166.00 on Friday. Insight Enterprises, Inc. has a 1 year low of $146.56 and a 1 year high of $228.07. The company has a debt-to-equity ratio of 0.30, a current ratio of 1.18 and a quick ratio of 1.15. The company’s 50-day moving average is $162.78 and its 200 day moving average is $182.30. The stock has a market capitalization of $5.28 billion, a P/E ratio of 25.46, a P/E/G ratio of 1.42 and a beta of 1.42.

Insight Enterprises (NASDAQ:NSIT) last announced its quarterly earnings results on Thursday, February 6th. The software maker reported $2.66 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.53 by $0.13. Insight Enterprises had a net margin of 2.87% and a return on equity of 18.95%. During the same quarter in the previous year, the company earned $2.98 EPS. On average, sell-side analysts expect that Insight Enterprises, Inc. will post 9.89 earnings per share for the current year.

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.