Insight Enterprises, Inc. (NASDAQ:NSIT) Shares Sold by Natixis Advisors LLC

Natixis Advisors LLC trimmed its stake in shares of Insight Enterprises, Inc. (NASDAQ:NSIT - Free Report) by 8.9% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 71,538 shares of the software maker's stock after selling 7,023 shares during the quarter. Natixis Advisors LLC owned about 0.23% of Insight Enterprises worth $10,880,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also made changes to their positions in the stock. Pacer Advisors Inc. raised its position in shares of Insight Enterprises by 26.6% during the 4th quarter. Pacer Advisors Inc. now owns 1,073,262 shares of the software maker's stock worth $163,243,000 after purchasing an additional 225,283 shares during the period. Geode Capital Management LLC increased its position in Insight Enterprises by 1.7% in the 3rd quarter. Geode Capital Management LLC now owns 659,483 shares of the software maker's stock valued at $142,073,000 after acquiring an additional 10,711 shares during the period. Charles Schwab Investment Management Inc. increased its position 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 valued at $79,468,000 after acquiring an additional 85,428 shares during the period. Bank of New York Mellon Corp increased its position in Insight Enterprises by 9.2% in the 4th quarter. Bank of New York Mellon Corp now owns 260,838 shares of the software maker's stock valued at $39,674,000 after acquiring an additional 21,876 shares during the period. Finally, Hennessy Advisors Inc. acquired a new stake in Insight Enterprises in the 4th quarter valued at approximately $39,242,000.

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Insight Enterprises Stock Performance

NSIT traded down $0.40 during trading hours on Friday, hitting $154.18. The company's stock had a trading volume of 1,307,034 shares, compared to its average volume of 285,093. Insight Enterprises, Inc. has a fifty-two week low of $146.56 and a fifty-two week high of $228.07. The company has a current ratio of 1.18, a quick ratio of 1.15 and a debt-to-equity ratio of 0.30. The firm has a market capitalization of $4.90 billion, a PE ratio of 23.65, a PEG ratio of 1.40 and a beta of 1.40. The company has a 50-day simple moving average of $162.77 and a 200 day simple moving average of $175.28.

Insight Enterprises (NASDAQ:NSIT - Get Free Report) last posted its earnings results on Thursday, February 6th. The software maker reported $2.66 EPS for the quarter, beating the consensus estimate 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 period in the previous year, the company posted $2.98 EPS. As a group, sell-side analysts expect that Insight Enterprises, Inc. will post 9.89 EPS for the current 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.