Vanguard Group Inc. Has $571.20 Million Position in Insight Enterprises, Inc. (NASDAQ:NSIT)

Vanguard Group Inc. lowered its stake in Insight Enterprises, Inc. (NASDAQ:NSIT) by 1.3% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 3,808,266 shares of the software maker’s stock after selling 51,337 shares during the period. Vanguard Group Inc. owned 0.12% of Insight Enterprises worth $571,202,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also modified their holdings of NSIT. Dimensional Fund Advisors LP grew its holdings in Insight Enterprises by 0.4% during the 4th quarter. Dimensional Fund Advisors LP now owns 821,409 shares of the software maker’s stock worth $124,934,000 after acquiring an additional 2,944 shares during the period. Massachusetts Financial Services Co. MA grew its holdings in Insight Enterprises by 48.0% during the 1st quarter. Massachusetts Financial Services Co. MA now owns 558,356 shares of the software maker’s stock worth $83,748,000 after acquiring an additional 181,104 shares during the period. Northern Trust Corp grew its holdings in Insight Enterprises by 16.5% during the 4th quarter. Northern Trust Corp now owns 446,526 shares of the software maker’s stock worth $67,917,000 after acquiring an additional 63,200 shares during the period. Wellington Management Group LLP grew its holdings in Insight Enterprises by 65.7% during the 4th quarter. Wellington Management Group LLP now owns 270,797 shares of the software maker’s stock worth $41,188,000 after acquiring an additional 107,397 shares during the period. Finally, GAMMA Investing LLC grew its holdings in Insight Enterprises by 42,674.8% during the 1st quarter. GAMMA Investing LLC now owns 173,238 shares of the software maker’s stock worth $259,840,000 after acquiring an additional 172,833 shares during the period.

Analyst Ratings Changes

A number of analysts have commented on NSIT shares. JPMorgan Chase & Co. lifted their target price on shares of Insight Enterprises from $152.00 to $165.00 and gave the stock a “neutral” rating in a report on Thursday, July 17th. Barrington Research reaffirmed an “outperform” rating and set a $164.00 target price on shares of Insight Enterprises in a report on Monday, July 21st.

Insight Enterprises Price Performance

Shares of NSIT stock opened at $134.24 on Thursday. Insight Enterprises, Inc. has a 12-month low of $115.68 and a 12-month high of $225.38. The firm has a market capitalization of $4.22 billion, a price-to-earnings ratio of 32.04, a price-to-earnings-growth ratio of 1.18 and a beta of 1.21. The company has a quick ratio of 1.26, a current ratio of 1.29 and a debt-to-equity ratio of 0.83. The firm has a fifty day moving average of $135.54 and a 200-day moving average of $143.23.

Insight Enterprises (NASDAQ:NSIT) last announced its quarterly earnings results on Thursday, July 31st. The software maker reported $2.45 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.49 by ($0.04). Insight Enterprises had a net margin of 1.79% and a return on equity of 18.68%. The firm had revenue of $2.09 billion during the quarter, compared to analyst estimates of $2.15 billion. During the same period last year, the firm earned $2.46 EPS. Insight Enterprises’s quarterly revenue was down 3.3% on a year-over-year basis. On average, equities research analysts forecast that Insight Enterprises, Inc. will post 9.89 earnings per share for the current year.

Insight Enterprises 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.