Kennedy Capital Management LLC Has $13.97 Million Stock Position in Insight Enterprises, Inc. (NASDAQ:NSIT)

Kennedy Capital Management LLC lessened its stake in Insight Enterprises, Inc. (NASDAQ:NSIT) by 22.8% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 91,823 shares of the software maker’s stock after selling 27,187 shares during the quarter. Kennedy Capital Management LLC owned about 0.29% of Insight Enterprises worth $13,966,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors also recently modified their holdings of NSIT. Baron Wealth Management LLC increased its stake in shares of Insight Enterprises by 3.8% in the fourth quarter. Baron Wealth Management LLC now owns 1,570 shares of the software maker’s stock valued at $239,000 after buying an additional 58 shares during the period. Quantinno Capital Management LP increased its position in Insight Enterprises by 2.0% during the 3rd quarter. Quantinno Capital Management LP now owns 3,456 shares of the software maker’s stock valued at $744,000 after purchasing an additional 68 shares during the period. J.Safra Asset Management Corp increased its position in Insight Enterprises by 40.8% during the 4th quarter. J.Safra Asset Management Corp now owns 245 shares of the software maker’s stock valued at $37,000 after purchasing an additional 71 shares during the period. Cornerstone Investment Partners LLC increased its position in Insight Enterprises by 5.8% during the 4th quarter. Cornerstone Investment Partners LLC now owns 1,371 shares of the software maker’s stock valued at $209,000 after purchasing an additional 75 shares during the period. Finally, Romano Brothers AND Company grew its position in shares of Insight Enterprises by 2.7% during the 4th quarter. Romano Brothers AND Company now owns 3,850 shares of the software maker’s stock worth $586,000 after buying an additional 100 shares during the period.

Insight Enterprises Price Performance

Shares of NSIT opened at $138.88 on Thursday. Insight Enterprises, Inc. has a 12-month low of $126.10 and a 12-month high of $228.07. The business’s fifty day moving average is $155.14 and its 200 day moving average is $168.99. The company has a quick ratio of 1.15, a current ratio of 1.18 and a debt-to-equity ratio of 0.30. The stock has a market cap of $4.41 billion, a P/E ratio of 21.30, a P/E/G ratio of 1.40 and a beta of 1.31.

Insight Enterprises (NASDAQ:NSIT) last issued its earnings results on Thursday, February 6th. The software maker reported $2.66 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.53 by $0.13. Insight Enterprises had a return on equity of 18.95% and a net margin of 2.87%. During the same period in the previous year, the company posted $2.98 EPS. Sell-side analysts anticipate that Insight Enterprises, Inc. will post 9.89 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Separately, Barrington Research reduced their price objective on shares of Insight Enterprises from $205.00 to $164.00 and set an “outperform” rating for the company in a research report on Friday, April 4th. Three investment 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 currently has a consensus rating of “Hold” and an average target price of $202.25.

Insight Enterprises Company 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.