Insight Enterprises, Inc. (NSIT) Shares Bought by Boston Partners

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Boston Partners lifted its holdings in shares of Insight Enterprises, Inc. (NASDAQ:NSIT) by 3.4% during the 4th quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 1,036,280 shares of the software maker’s stock after acquiring an additional 34,254 shares during the period. Boston Partners’ holdings in Insight Enterprises were worth $42,229,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also modified their holdings of the company. Comerica Bank raised its position in shares of Insight Enterprises by 0.3% during the 4th quarter. Comerica Bank now owns 78,696 shares of the software maker’s stock worth $3,532,000 after acquiring an additional 221 shares in the last quarter. Piedmont Investment Advisors Inc. raised its position in shares of Insight Enterprises by 3.3% during the 4th quarter. Piedmont Investment Advisors Inc. now owns 8,525 shares of the software maker’s stock worth $347,000 after acquiring an additional 273 shares in the last quarter. Victory Capital Management Inc. raised its position in shares of Insight Enterprises by 4.0% during the 4th quarter. Victory Capital Management Inc. now owns 7,943 shares of the software maker’s stock worth $324,000 after acquiring an additional 309 shares in the last quarter. Strs Ohio raised its position in shares of Insight Enterprises by 3.8% during the 4th quarter. Strs Ohio now owns 21,600 shares of the software maker’s stock worth $880,000 after acquiring an additional 800 shares in the last quarter. Finally, Cambridge Investment Research Advisors Inc. raised its position in shares of Insight Enterprises by 7.8% during the 4th quarter. Cambridge Investment Research Advisors Inc. now owns 16,498 shares of the software maker’s stock worth $672,000 after acquiring an additional 1,198 shares in the last quarter. 97.31% of the stock is currently owned by institutional investors and hedge funds.

Several research analysts have commented on the company. Zacks Investment Research raised Insight Enterprises from a “hold” rating to a “strong-buy” rating and set a $62.00 price target on the stock in a research report on Tuesday. BidaskClub raised Insight Enterprises from a “buy” rating to a “strong-buy” rating in a research report on Tuesday, February 12th. ValuEngine raised Insight Enterprises from a “sell” rating to a “hold” rating in a research report on Wednesday, January 2nd. Finally, B. Riley cut their price target on Insight Enterprises from $61.00 to $59.00 and set a “buy” rating on the stock in a research report on Thursday, November 8th.

NSIT opened at $57.04 on Friday. The company has a market cap of $1.99 billion, a price-to-earnings ratio of 12.32 and a beta of 1.13. Insight Enterprises, Inc. has a 52 week low of $33.10 and a 52 week high of $57.88. The company has a current ratio of 1.52, a quick ratio of 1.43 and a debt-to-equity ratio of 0.20.

Insight Enterprises (NASDAQ:NSIT) last released its quarterly earnings results on Thursday, February 14th. The software maker reported $1.32 EPS for the quarter, topping the consensus estimate of $1.12 by $0.20. The company had revenue of $1.75 billion for the quarter, compared to analyst estimates of $1.76 billion. Insight Enterprises had a return on equity of 17.90% and a net margin of 2.30%. The firm’s revenue was down 2.0% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.81 earnings per share. Equities analysts predict that Insight Enterprises, Inc. will post 4.79 earnings per share for the current fiscal year.

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Insight Enterprises Profile

Insight Enterprises, Inc provides information technology (IT) hardware, software, and service solutions for small and medium sized firms, enterprises, governments, schools, and health care organizations in the United States, Canada, Europe, the Middle East, Africa, and the Asia-Pacific. It sources, stages, configures, integrates, tests, deploys, and maintains its products spanning endpoints to infrastructure; and provides infrastructure management solutions.

See Also: What impact do institutional investors have on markets?

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Institutional Ownership by Quarter for Insight Enterprises (NASDAQ:NSIT)

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