Vanguard Group Inc. Trims Position in Insight Enterprises, Inc. (NASDAQ:NSIT)

Vanguard Group Inc. cut its position in shares of Insight Enterprises, Inc. (NASDAQ:NSIT - Free Report) by 2.5% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 3,859,603 shares of the software maker's stock after selling 99,411 shares during the quarter. Vanguard Group Inc. owned approximately 12.15% of Insight Enterprises worth $587,046,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of the company. Hennessy Advisors Inc. purchased a new stake in Insight Enterprises in the fourth quarter worth approximately $39,242,000. Pacer Advisors Inc. lifted its holdings in shares of Insight Enterprises by 26.6% in the 4th quarter. Pacer Advisors Inc. now owns 1,073,262 shares of the software maker's stock worth $163,243,000 after acquiring an additional 225,283 shares during the last quarter. WCM Investment Management LLC bought a new stake in shares of Insight Enterprises in the 4th quarter worth approximately $10,643,000. Allspring Global Investments Holdings LLC boosted its stake in shares of Insight Enterprises by 207.5% in the 4th quarter. Allspring Global Investments Holdings LLC now owns 103,926 shares of the software maker's stock valued at $15,522,000 after purchasing an additional 70,134 shares in the last quarter. Finally, Barclays PLC grew its holdings in shares of Insight Enterprises by 178.3% during the 3rd quarter. Barclays PLC now owns 56,402 shares of the software maker's stock valued at $12,150,000 after purchasing an additional 36,132 shares during the last quarter.

Insight Enterprises Trading Down 3.6 %

Shares of NASDAQ:NSIT traded down $4.94 during trading on Friday, reaching $132.04. 722,859 shares of the company traded hands, compared to its average volume of 303,172. The company has a current ratio of 1.18, a quick ratio of 1.15 and a debt-to-equity ratio of 0.30. Insight Enterprises, Inc. has a 52-week low of $128.01 and a 52-week high of $228.07. The firm has a market capitalization of $4.20 billion, a price-to-earnings ratio of 20.25, a P/E/G ratio of 1.40 and a beta of 1.40. The business's fifty day moving average is $159.06 and its 200-day moving average is $171.45.

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Insight Enterprises (NASDAQ:NSIT - Get Free Report) last announced its quarterly earnings results on Thursday, February 6th. The software maker reported $2.66 earnings per share for the quarter, beating the consensus estimate of $2.53 by $0.13. Insight Enterprises had a net margin of 2.87% and a return on equity of 18.95%. During the same quarter in the previous year, the company posted $2.98 earnings per share. As a group, analysts forecast that Insight Enterprises, Inc. will post 9.89 EPS for the current year.

Analyst Upgrades and Downgrades

Separately, Barrington Research lowered their price target on shares of Insight Enterprises from $205.00 to $164.00 and set an "outperform" rating for the company in a research note on Friday. Three analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of "Hold" and a consensus price target of $202.25.

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.