Vaughan Nelson Investment Management L.P. Has $70.01 Million Stock Holdings in Insight Enterprises, Inc. (NASDAQ:NSIT)

Vaughan Nelson Investment Management L.P. cut its holdings in Insight Enterprises, Inc. (NASDAQ:NSIT - Free Report) by 10.5% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 325,053 shares of the software maker's stock after selling 38,135 shares during the quarter. Vaughan Nelson Investment Management L.P. owned about 1.02% of Insight Enterprises worth $70,013,000 at the end of the most recent quarter.

Several other large investors also recently added to or reduced their stakes in NSIT. Huntington National Bank boosted its holdings in Insight Enterprises by 7.3% in the third quarter. Huntington National Bank now owns 995 shares of the software maker's stock worth $214,000 after purchasing an additional 68 shares in the last quarter. Oppenheimer Asset Management Inc. bought a new stake in shares of Insight Enterprises during the 3rd quarter worth about $227,000. Aigen Investment Management LP bought a new stake in shares of Insight Enterprises during the 3rd quarter worth about $671,000. Entropy Technologies LP bought a new position in shares of Insight Enterprises in the 3rd quarter valued at approximately $253,000. Finally, Crossmark Global Holdings Inc. lifted its holdings in Insight Enterprises by 18.1% in the 3rd quarter. Crossmark Global Holdings Inc. now owns 2,265 shares of the software maker's stock worth $488,000 after purchasing an additional 347 shares during the last quarter.

Analyst Upgrades and Downgrades

A number of research firms have recently commented on NSIT. JPMorgan Chase & Co. dropped their price target on shares of Insight Enterprises from $233.00 to $225.00 and set a "neutral" rating on the stock in a research report on Friday, August 2nd. Redburn Atlantic started coverage on shares of Insight Enterprises in a report on Friday. They issued a "buy" rating and a $220.00 target price on the stock. Finally, Barrington Research decreased their price target on shares of Insight Enterprises from $225.00 to $205.00 and set an "outperform" rating for the company in a report on Monday, November 4th. Three analysts have rated the stock with a hold rating and two have issued a buy rating to the company's stock. According to MarketBeat.com, the stock has an average rating of "Hold" and a consensus target price of $212.50.

Insider Buying and Selling at Insight Enterprises

In other Insight Enterprises news, insider Jennifer M. Vasin sold 739 shares of Insight Enterprises stock in a transaction dated Monday, August 19th. The stock was sold at an average price of $206.03, for a total value of $152,256.17. Following the sale, the insider now owns 5,460 shares of the company's stock, valued at $1,124,923.80. This trade represents a 11.92 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Insiders own 1.23% of the company's stock.

Insight Enterprises Trading Down 0.7 %

NASDAQ:NSIT traded down $1.13 during mid-day trading on Friday, hitting $151.50. The company had a trading volume of 467,423 shares, compared to its average volume of 409,418. The firm has a market cap of $4.81 billion, a P/E ratio of 19.06, a P/E/G ratio of 1.32 and a beta of 1.48. Insight Enterprises, Inc. has a fifty-two week low of $147.28 and a fifty-two week high of $228.07. The business's fifty day moving average is $201.83 and its two-hundred day moving average is $202.52. The company has a debt-to-equity ratio of 0.43, a quick ratio of 1.20 and a current ratio of 1.24.

Insight Enterprises (NASDAQ:NSIT - Get Free Report) last issued its quarterly earnings data on Thursday, October 31st. The software maker reported $2.19 EPS for the quarter, missing the consensus estimate of $2.37 by ($0.18). Insight Enterprises had a return on equity of 19.71% and a net margin of 3.42%. The business had revenue of $2.09 billion for the quarter, compared to analyst estimates of $2.34 billion. During the same period in the previous year, the business posted $2.37 EPS. The business's quarterly revenue was down 7.9% compared to the same quarter last year. As a group, research analysts expect that Insight Enterprises, Inc. will post 9.55 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.