Frontier Capital Management Co. LLC increased its position in shares of Insight Enterprises, Inc. (NASDAQ:NSIT) by 0.8% during the 1st quarter, HoldingsChannel reports. The fund owned 981,256 shares of the software maker’s stock after purchasing an additional 7,472 shares during the period. Frontier Capital Management Co. LLC’s holdings in Insight Enterprises were worth $54,028,000 at the end of the most recent reporting period.
Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. BlackRock Inc. boosted its position in Insight Enterprises by 2.3% in the fourth quarter. BlackRock Inc. now owns 5,270,520 shares of the software maker’s stock valued at $214,773,000 after buying an additional 118,003 shares in the last quarter. Vanguard Group Inc. boosted its position in Insight Enterprises by 4.7% in the third quarter. Vanguard Group Inc. now owns 3,761,007 shares of the software maker’s stock valued at $203,432,000 after buying an additional 168,306 shares in the last quarter. Standard Life Aberdeen plc boosted its position in Insight Enterprises by 3.0% in the fourth quarter. Standard Life Aberdeen plc now owns 1,154,133 shares of the software maker’s stock valued at $46,096,000 after buying an additional 34,131 shares in the last quarter. Boston Partners boosted its position in Insight Enterprises by 1.9% in the first quarter. Boston Partners now owns 1,055,955 shares of the software maker’s stock valued at $58,140,000 after buying an additional 19,675 shares in the last quarter. Finally, LSV Asset Management boosted its position in Insight Enterprises by 10.0% in the fourth quarter. LSV Asset Management now owns 769,030 shares of the software maker’s stock valued at $31,337,000 after buying an additional 70,063 shares in the last quarter. Institutional investors and hedge funds own 97.10% of the company’s stock.
A number of analysts have weighed in on NSIT shares. BidaskClub upgraded shares of Insight Enterprises from a “buy” rating to a “strong-buy” rating in a research report on Tuesday, February 12th. B. Riley restated a “buy” rating on shares of Insight Enterprises in a research report on Monday, April 29th. Finally, Zacks Investment Research upgraded shares of Insight Enterprises from a “hold” rating to a “strong-buy” rating and set a $62.00 target price on the stock in a research report on Tuesday, February 19th.
Insight Enterprises (NASDAQ:NSIT) last issued its earnings results on Wednesday, May 1st. The software maker reported $1.10 earnings per share for the quarter, beating analysts’ consensus estimates of $0.90 by $0.20. The firm had revenue of $1.69 billion for the quarter, compared to analyst estimates of $1.66 billion. Insight Enterprises had a net margin of 2.42% and a return on equity of 17.80%. The company’s quarterly revenue was down 3.3% on a year-over-year basis. During the same quarter last year, the business posted $0.90 earnings per share. Equities analysts anticipate that Insight Enterprises, Inc. will post 4.82 EPS for the current fiscal year.
TRADEMARK VIOLATION WARNING: “Frontier Capital Management Co. LLC Has $54.03 Million Position in Insight Enterprises, Inc. (NSIT)” was originally reported by Baseball Daily News and is the property of of Baseball Daily News. If you are reading this story on another site, it was copied illegally and republished in violation of U.S. & international copyright & trademark laws. The correct version of this story can be viewed at https://www.baseballdailydigest.com/news/2019/05/18/frontier-capital-management-co-llc-has-54-03-million-position-in-insight-enterprises-inc-nsit.html.
About Insight Enterprises
Insight Enterprises, Inc provides information technology (IT) hardware, software, and services solutions in the United States, Canada, Europe, the Middle East, Africa, and the Asia-Pacific. It sources, procures, stages, configures, integrates, tests, deploys, and maintains IT products spanning endpoints to infrastructure; and offers software life cycle, and hardware warranty and software maintenance services.
Further Reading: How Important is Technical Analysis of Stocks
Want to see what other hedge funds are holding NSIT? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Insight Enterprises, Inc. (NASDAQ:NSIT).
Receive News & Ratings for Insight Enterprises Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Insight Enterprises and related companies with MarketBeat.com's FREE daily email newsletter.