Janus Henderson Group PLC Sells 120,678 Shares of Insight Enterprises, Inc. (NASDAQ:NSIT)

Janus Henderson Group PLC lowered its stake in Insight Enterprises, Inc. (NASDAQ:NSIT - Free Report) by 38.9% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 189,418 shares of the software maker's stock after selling 120,678 shares during the quarter. Janus Henderson Group PLC owned 0.60% of Insight Enterprises worth $40,800,000 at the end of the most recent quarter.

A number of other hedge funds have also added to or reduced their stakes in NSIT. Xponance Inc. boosted its holdings in shares of Insight Enterprises by 2.5% in the second quarter. Xponance Inc. now owns 2,114 shares of the software maker's stock worth $419,000 after buying an additional 52 shares during the last quarter. Tevis Investment Management grew its position in shares of Insight Enterprises by 3.5% during the 2nd quarter. Tevis Investment Management now owns 1,774 shares of the software maker's stock valued at $352,000 after acquiring an additional 60 shares during the period. One Wealth Advisors LLC increased its stake in shares of Insight Enterprises by 4.7% in the 3rd quarter. One Wealth Advisors LLC now owns 1,379 shares of the software maker's stock worth $297,000 after purchasing an additional 62 shares in the last quarter. Huntington National Bank lifted its position in Insight Enterprises by 7.3% during the third quarter. Huntington National Bank now owns 995 shares of the software maker's stock valued at $214,000 after purchasing an additional 68 shares in the last quarter. Finally, Hanseatic Management Services Inc. grew its holdings in Insight Enterprises by 1.8% during the second quarter. Hanseatic Management Services Inc. now owns 3,854 shares of the software maker's stock valued at $764,000 after purchasing an additional 69 shares during the period.

Insight Enterprises Price Performance

NSIT traded up $2.14 during trading hours on Friday, hitting $162.49. The company's stock had a trading volume of 402,735 shares, compared to its average volume of 430,205. The business's 50-day moving average price is $185.99 and its 200-day moving average price is $197.81. Insight Enterprises, Inc. has a 12 month low of $146.56 and a 12 month high of $228.07. 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 $5.16 billion, a price-to-earnings ratio of 20.44, a P/E/G ratio of 1.41 and a beta of 1.42.

Insight Enterprises (NASDAQ:NSIT - Get Free Report) last released its quarterly earnings results on Thursday, October 31st. The software maker reported $2.19 earnings per share for the quarter, missing the consensus estimate of $2.37 by ($0.18). The company had revenue of $2.09 billion for the quarter, compared to analysts' expectations of $2.34 billion. Insight Enterprises had a net margin of 3.42% and a return on equity of 19.71%. The business's quarterly revenue was down 7.9% on a year-over-year basis. During the same quarter in the previous year, the company posted $2.37 EPS. Sell-side analysts expect that Insight Enterprises, Inc. will post 9.55 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of research analysts have recently weighed in on the company. Redburn Atlantic began coverage on Insight Enterprises in a research report on Friday, November 15th. They set a "buy" rating and a $220.00 price objective on the stock. Barrington Research lowered their target price on shares of Insight Enterprises from $225.00 to $205.00 and set an "outperform" rating on the stock in a research note on Monday, November 4th. Three investment analysts have rated the stock with a hold rating and two have issued a buy rating to the company. According to MarketBeat, the stock has an average rating of "Hold" and an average price target of $212.50.

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.