Vaughan Nelson Investment Management L.P. Trims Stake in Insight Enterprises, Inc. (NASDAQ:NSIT)

Vaughan Nelson Investment Management L.P. lowered its position in shares of Insight Enterprises, Inc. (NASDAQ:NSIT - Free Report) by 4.8% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 309,353 shares of the software maker's stock after selling 15,700 shares during the quarter. Vaughan Nelson Investment Management L.P. owned about 0.97% of Insight Enterprises worth $47,052,000 at the end of the most recent quarter.

A number of other hedge funds have also recently made changes to their positions in NSIT. Hennessy Advisors Inc. bought a new stake in Insight Enterprises in the 4th quarter worth about $39,242,000. Pacer Advisors Inc. boosted its holdings 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 valued at $163,243,000 after acquiring an additional 225,283 shares during the last quarter. Charles Schwab Investment Management Inc. boosted its holdings in shares of Insight Enterprises by 30.1% during 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 last quarter. WCM Investment Management LLC bought a new stake in shares of Insight Enterprises in the fourth quarter worth approximately $10,643,000. Finally, Barclays PLC raised its holdings in shares of Insight Enterprises by 178.3% during the third 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 Stock Performance

Shares of NSIT traded down $1.16 on Wednesday, reaching $166.35. The company's stock had a trading volume of 384,522 shares, compared to its average volume of 396,565. The stock's 50 day simple moving average is $162.23 and its two-hundred day simple moving average is $183.93. The company has a debt-to-equity ratio of 0.30, a current ratio of 1.18 and a quick ratio of 1.20. The stock has a market capitalization of $5.28 billion, a P/E ratio of 25.51, a PEG ratio of 1.43 and a beta of 1.42. Insight Enterprises, Inc. has a 12-month low of $146.56 and a 12-month high of $228.07.

Insight Enterprises (NASDAQ:NSIT - Get Free Report) last issued its quarterly earnings results on Thursday, February 6th. The software maker reported $2.66 earnings per share for the quarter, topping 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 firm posted $2.98 EPS. Research analysts forecast that Insight Enterprises, Inc. will post 9.9 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

NSIT has been the topic of several research reports. Redburn Atlantic initiated coverage on shares of Insight Enterprises in a report on Friday, November 15th. They issued a "buy" rating and a $220.00 target price on the stock. Barrington Research lowered their price target on Insight Enterprises from $225.00 to $205.00 and set an "outperform" rating on the stock in a report on Monday, November 4th. Three analysts have rated the stock with a hold rating and two have given a buy rating to the company. Based on data from MarketBeat.com, Insight Enterprises presently has an average rating of "Hold" and a consensus target price of $212.50.

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.