Cynosure Group LLC Sells 147 Shares of Insight Enterprises, Inc. (NASDAQ:NSIT)

Cynosure Group LLC trimmed its stake in Insight Enterprises, Inc. (NASDAQ:NSIT) by 7.9% during the third quarter, Holdings Channel reports. The fund owned 1,717 shares of the software maker’s stock after selling 147 shares during the period. Cynosure Group LLC’s holdings in Insight Enterprises were worth $370,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors also recently modified their holdings of NSIT. Harbor Capital Advisors Inc. lifted its stake in Insight Enterprises by 288.2% in the second quarter. Harbor Capital Advisors Inc. now owns 14,289 shares of the software maker’s stock valued at $2,834,000 after purchasing an additional 10,608 shares during the last quarter. EULAV Asset Management lifted its position in shares of Insight Enterprises by 7.2% during the 3rd quarter. EULAV Asset Management now owns 49,879 shares of the software maker’s stock valued at $10,743,000 after buying an additional 3,359 shares during the last quarter. Point72 DIFC Ltd bought a new position in shares of Insight Enterprises during the 2nd quarter worth $682,000. Silver Lake Advisory LLC purchased a new stake in Insight Enterprises in the 2nd quarter worth about $6,343,000. Finally, BOKF NA bought a new stake in Insight Enterprises in the 2nd quarter valued at about $622,000.

Analyst Upgrades and Downgrades

A number of brokerages have weighed in on NSIT. JPMorgan Chase & Co. cut their target price on shares of Insight Enterprises from $233.00 to $225.00 and set a “neutral” rating for the company in a research report on Friday, August 2nd. Barrington Research reduced their price objective on shares of Insight Enterprises from $225.00 to $205.00 and set an “outperform” rating for the company in a research note on Monday, November 4th. Finally, Redburn Atlantic assumed coverage on Insight Enterprises in a research report on Friday, November 15th. They set a “buy” rating and a $220.00 target price on the stock. Three analysts have rated the stock with a hold rating and two have given a buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $212.50.

Insight Enterprises Price Performance

Shares of NASDAQ:NSIT opened at $156.28 on Friday. The company has a 50 day moving average of $193.31 and a 200 day moving average of $200.16. The company has a current ratio of 1.24, a quick ratio of 1.20 and a debt-to-equity ratio of 0.43. The stock has a market cap of $4.96 billion, a P/E ratio of 19.66, a P/E/G ratio of 1.35 and a beta of 1.48. Insight Enterprises, Inc. has a 12 month low of $146.56 and a 12 month high of $228.07.

Insight Enterprises (NASDAQ:NSIT) last announced its quarterly earnings results on Thursday, October 31st. The software maker reported $2.19 EPS for the quarter, missing the consensus estimate of $2.37 by ($0.18). The firm had revenue of $2.09 billion during the quarter, compared to the consensus estimate of $2.34 billion. Insight Enterprises had a net margin of 3.42% and a return on equity of 19.71%. The firm’s revenue for the quarter was down 7.9% on a year-over-year basis. During the same period in the previous year, the business earned $2.37 earnings per share. As a group, sell-side analysts forecast that Insight Enterprises, Inc. will post 9.55 EPS for the current fiscal year.

About Insight Enterprises

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.