Wellington Management Group LLP Has $41.19 Million Stock Holdings in Insight Enterprises, Inc. (NASDAQ:NSIT)

Wellington Management Group LLP raised its stake in shares of Insight Enterprises, Inc. (NASDAQ:NSIT) by 65.7% during the fourth quarter, Holdings Channel reports. The firm owned 270,797 shares of the software maker’s stock after buying an additional 107,397 shares during the period. Wellington Management Group LLP’s holdings in Insight Enterprises were worth $41,188,000 at the end of the most recent reporting period.

Other large investors also recently modified their holdings of the company. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its holdings in shares of Insight Enterprises by 0.8% in the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 60,091 shares of the software maker’s stock worth $12,943,000 after purchasing an additional 472 shares during the last quarter. Quantinno Capital Management LP grew its stake in Insight Enterprises by 2.0% during the third quarter. Quantinno Capital Management LP now owns 3,456 shares of the software maker’s stock worth $744,000 after buying an additional 68 shares during the last quarter. Wolverine Trading LLC acquired a new stake in shares of Insight Enterprises during the third quarter worth approximately $479,000. Barclays PLC raised its stake in shares of Insight Enterprises by 178.3% in the third quarter. Barclays PLC now owns 56,402 shares of the software maker’s stock valued at $12,150,000 after acquiring an additional 36,132 shares during the last quarter. Finally, Geode Capital Management LLC boosted its holdings in shares of Insight Enterprises by 1.7% in the 3rd quarter. Geode Capital Management LLC now owns 659,483 shares of the software maker’s stock worth $142,073,000 after acquiring an additional 10,711 shares in the last quarter.

Analyst Ratings Changes

Separately, Barrington Research dropped their price target on Insight Enterprises from $205.00 to $164.00 and set an “outperform” rating for the company in a report on Friday. Three investment analysts have rated the stock with a hold rating and two have issued a buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $202.25.

Insight Enterprises Price Performance

Shares of NSIT stock opened at $132.04 on Monday. The company has a current ratio of 1.18, a quick ratio of 1.15 and a debt-to-equity ratio of 0.30. The firm has a market capitalization of $4.20 billion, a price-to-earnings ratio of 20.25, a PEG ratio of 1.40 and a beta of 1.31. The firm’s 50 day moving average is $159.06 and its 200-day moving average is $171.18. Insight Enterprises, Inc. has a 1 year low of $128.01 and a 1 year high of $228.07.

Insight Enterprises (NASDAQ:NSIT) last announced its quarterly earnings data on Thursday, February 6th. The software maker reported $2.66 EPS for the quarter, beating 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 last year, the business posted $2.98 EPS. Sell-side analysts forecast that Insight Enterprises, Inc. will post 9.89 EPS for the current fiscal year.

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.