Catalyst Capital Advisors LLC Sells 251 Shares of Insight Enterprises, Inc. (NASDAQ:NSIT)

Catalyst Capital Advisors LLC cut its stake in shares of Insight Enterprises, Inc. (NASDAQ:NSIT) by 4.6% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 5,162 shares of the software maker’s stock after selling 251 shares during the quarter. Catalyst Capital Advisors LLC’s holdings in Insight Enterprises were worth $785,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Geode Capital Management LLC lifted its holdings in Insight Enterprises by 1.7% during the third quarter. Geode Capital Management LLC now owns 659,483 shares of the software maker’s stock valued at $142,073,000 after purchasing an additional 10,711 shares in the last quarter. EULAV Asset Management lifted its stake 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 in the last quarter. Harbor Capital Advisors Inc. lifted its stake in shares of Insight Enterprises by 65.0% during the 3rd quarter. Harbor Capital Advisors Inc. now owns 23,578 shares of the software maker’s stock valued at $5,078,000 after buying an additional 9,289 shares in the last quarter. Barclays PLC increased its stake in Insight Enterprises by 178.3% in the 3rd quarter. Barclays PLC now owns 56,402 shares of the software maker’s stock worth $12,150,000 after buying an additional 36,132 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. increased its stake in Insight Enterprises by 30.1% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 368,951 shares of the software maker’s stock worth $79,468,000 after buying an additional 85,428 shares in the last quarter.

Analyst Ratings Changes

A number of research firms have recently weighed in on NSIT. Redburn Atlantic began coverage on Insight Enterprises in a research note on Friday, November 15th. They issued a “buy” rating and a $220.00 price objective for the company. Barrington Research dropped their price objective on Insight Enterprises from $225.00 to $205.00 and set an “outperform” rating for the company in a research note on Monday, November 4th. Three equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $212.50.

Insight Enterprises Price Performance

Shares of Insight Enterprises stock opened at $165.58 on Tuesday. The stock has a 50 day moving average of $162.52 and a 200 day moving average of $182.62. Insight Enterprises, Inc. has a 12 month low of $146.56 and a 12 month high of $228.07. The firm has a market cap of $5.26 billion, a PE ratio of 25.40, a PEG ratio of 1.43 and a beta of 1.42. The company has a current ratio of 1.18, a quick ratio of 1.20 and a debt-to-equity ratio of 0.30.

Insight Enterprises (NASDAQ:NSIT) last announced its quarterly earnings results 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 quarter last year, the firm earned $2.98 earnings per share. On average, research analysts expect that Insight Enterprises, Inc. will post 9.9 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.