Westfield Capital Management Co. LP Takes Position in Insight Enterprises, Inc. (NASDAQ:NSIT)

Westfield Capital Management Co. LP acquired a new stake in Insight Enterprises, Inc. (NASDAQ:NSIT) in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 316,766 shares of the software maker’s stock, valued at approximately $56,128,000.

Other institutional investors have also modified their holdings of the company. Vanguard Personalized Indexing Management LLC lifted its holdings in shares of Insight Enterprises by 22.7% in the third quarter. Vanguard Personalized Indexing Management LLC now owns 5,902 shares of the software maker’s stock valued at $859,000 after buying an additional 1,093 shares during the period. Vanguard Group Inc. lifted its holdings in shares of Insight Enterprises by 6.4% in the third quarter. Vanguard Group Inc. now owns 4,111,475 shares of the software maker’s stock valued at $598,220,000 after buying an additional 245,814 shares during the period. Vaughan Nelson Investment Management L.P. lifted its holdings in shares of Insight Enterprises by 3.8% in the fourth quarter. Vaughan Nelson Investment Management L.P. now owns 635,345 shares of the software maker’s stock valued at $112,577,000 after buying an additional 23,085 shares during the period. 13D Management LLC lifted its holdings in shares of Insight Enterprises by 11.6% in the third quarter. 13D Management LLC now owns 83,953 shares of the software maker’s stock valued at $12,215,000 after buying an additional 8,721 shares during the period. Finally, Pacer Advisors Inc. lifted its holdings in shares of Insight Enterprises by 53.1% in the fourth quarter. Pacer Advisors Inc. now owns 712,197 shares of the software maker’s stock valued at $126,194,000 after buying an additional 247,049 shares during the period.

Insight Enterprises Trading Up 0.2 %

Shares of NASDAQ NSIT traded up $0.32 during mid-day trading on Friday, hitting $208.35. 117,219 shares of the company traded hands, compared to its average volume of 213,788. Insight Enterprises, Inc. has a 1 year low of $131.49 and a 1 year high of $212.44. The stock has a market capitalization of $6.78 billion, a price-to-earnings ratio of 26.21, a PEG ratio of 1.61 and a beta of 1.50. The company has a quick ratio of 1.22, a current ratio of 1.27 and a debt-to-equity ratio of 0.31. The business has a 50 day moving average of $190.41 and a two-hundred day moving average of $180.75.

Insight Enterprises (NASDAQ:NSIT) last posted its quarterly earnings results on Thursday, May 2nd. The software maker reported $2.37 earnings per share for the quarter, beating the consensus estimate of $1.82 by $0.55. The firm had revenue of $2.38 billion for the quarter, compared to analyst estimates of $2.30 billion. Insight Enterprises had a return on equity of 21.34% and a net margin of 3.23%. Insight Enterprises’s quarterly revenue was up 2.4% on a year-over-year basis. During the same period in the previous year, the firm earned $1.78 earnings per share. On average, sell-side analysts anticipate that Insight Enterprises, Inc. will post 10.78 earnings per share for the current fiscal year.

Insider Activity at Insight Enterprises

In related news, CEO Joyce A. Mullen sold 10,000 shares of the company’s stock in a transaction on Thursday, May 9th. The stock was sold at an average price of $201.08, for a total transaction of $2,010,800.00. Following the transaction, the chief executive officer now directly owns 40,807 shares of the company’s stock, valued at $8,205,471.56. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. In related news, CEO Joyce A. Mullen sold 10,000 shares of the company’s stock in a transaction on Thursday, May 9th. The stock was sold at an average price of $201.08, for a total transaction of $2,010,800.00. Following the transaction, the chief executive officer now directly owns 40,807 shares of the company’s stock, valued at $8,205,471.56. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Samuel C. Cowley sold 7,278 shares of the company’s stock in a transaction dated Tuesday, February 27th. The stock was sold at an average price of $187.62, for a total value of $1,365,498.36. Following the completion of the transaction, the insider now directly owns 23,009 shares in the company, valued at $4,316,948.58. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 27,278 shares of company stock valued at $5,229,698. Company insiders own 1.23% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages have recently weighed in on NSIT. JPMorgan Chase & Co. upped their price objective on Insight Enterprises from $193.00 to $195.00 and gave the company a “neutral” rating in a report on Friday, May 3rd. Barrington Research upped their target price on Insight Enterprises from $211.00 to $225.00 and gave the company an “outperform” rating in a report on Thursday, May 9th. StockNews.com downgraded Insight Enterprises from a “buy” rating to a “hold” rating in a report on Saturday, May 11th. Finally, Stifel Nicolaus upped their target price on Insight Enterprises from $170.00 to $192.00 and gave the company a “hold” rating in a report on Monday, April 15th.

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.