Eagle Boston Investment Management Inc. cut its stake in shares of Insight Enterprises, Inc. (NASDAQ:NSIT) by 39.4% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 97,769 shares of the software maker’s stock after selling 63,641 shares during the quarter. Eagle Boston Investment Management Inc. owned about 0.28% of Insight Enterprises worth $5,288,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in NSIT. Paradigm Capital Management Inc. NY purchased a new stake in shares of Insight Enterprises during the second quarter valued at $32,989,000. Acadian Asset Management LLC purchased a new stake in shares of Insight Enterprises during the second quarter valued at $15,412,000. Chicago Equity Partners LLC grew its holdings in shares of Insight Enterprises by 1,343.4% during the third quarter. Chicago Equity Partners LLC now owns 95,335 shares of the software maker’s stock valued at $5,157,000 after buying an additional 88,730 shares during the last quarter. FMR LLC grew its holdings in shares of Insight Enterprises by 29.3% during the second quarter. FMR LLC now owns 362,831 shares of the software maker’s stock valued at $17,753,000 after buying an additional 82,184 shares during the last quarter. Finally, Bank of Montreal Can grew its holdings in shares of Insight Enterprises by 10,286.8% during the third quarter. Bank of Montreal Can now owns 79,251 shares of the software maker’s stock valued at $4,287,000 after buying an additional 78,488 shares during the last quarter. 97.23% of the stock is currently owned by hedge funds and other institutional investors.

In other Insight Enterprises news, insider Steven W. Dodenhoff sold 4,827 shares of the company’s stock in a transaction on Monday, August 27th. The shares were sold at an average price of $56.57, for a total value of $273,063.39. Following the sale, the insider now directly owns 29,216 shares of the company’s stock, valued at $1,652,749.12. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. 1.77% of the stock is currently owned by corporate insiders.

NASDAQ:NSIT opened at $45.68 on Monday. Insight Enterprises, Inc. has a one year low of $32.10 and a one year high of $56.86. The company has a debt-to-equity ratio of 0.27, a quick ratio of 1.51 and a current ratio of 1.65. The firm has a market capitalization of $1.62 billion, a price-to-earnings ratio of 14.10 and a beta of 1.19.

Insight Enterprises (NASDAQ:NSIT) last posted its quarterly earnings results on Wednesday, November 7th. The software maker reported $0.91 EPS for the quarter, missing the consensus estimate of $1.00 by ($0.09). Insight Enterprises had a net margin of 1.83% and a return on equity of 16.60%. The business had revenue of $1.75 billion during the quarter, compared to analysts’ expectations of $1.84 billion. During the same period in the previous year, the company posted $0.73 earnings per share. Insight Enterprises’s revenue for the quarter was down .6% compared to the same quarter last year. Sell-side analysts anticipate that Insight Enterprises, Inc. will post 4.42 earnings per share for the current year.

NSIT has been the topic of a number of research analyst reports. Zacks Investment Research raised shares of Insight Enterprises from a “hold” rating to a “buy” rating and set a $58.00 price objective on the stock in a report on Wednesday, July 25th. B. Riley boosted their price objective on shares of Insight Enterprises from $58.00 to $61.00 and gave the company a “buy” rating in a report on Thursday, August 2nd. BidaskClub raised shares of Insight Enterprises from a “buy” rating to a “strong-buy” rating in a report on Wednesday, August 8th. Finally, ValuEngine lowered shares of Insight Enterprises from a “hold” rating to a “sell” rating in a report on Wednesday, November 7th.

COPYRIGHT VIOLATION WARNING: “Insight Enterprises, Inc. (NSIT) Shares Sold by Eagle Boston Investment Management Inc.” was reported by Daily Political and is the sole property of of Daily Political. If you are viewing this story on another site, it was copied illegally and reposted in violation of U.S. and international trademark & copyright laws. The legal version of this story can be read at https://www.dailypolitical.com/2018/11/19/insight-enterprises-inc-nsit-shares-sold-by-eagle-boston-investment-management-inc.html.

Insight Enterprises Profile

Insight Enterprises, Inc provides information technology (IT) hardware, software, and service solutions for small and medium sized firms, enterprises, governments, schools, and health care organizations in the United States, Canada, Europe, the Middle East, Africa, and the Asia-Pacific. It sources, stages, configures, integrates, tests, deploys, and maintains its products spanning endpoints to infrastructure; and provides infrastructure management solutions.

See Also: Balance Sheet

Institutional Ownership by Quarter for Insight Enterprises (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.