Insight Enterprises, Inc. (NASDAQ:NSIT) Stock Holdings Boosted by Dimensional Fund Advisors LP

Dimensional Fund Advisors LP lifted its position in Insight Enterprises, Inc. (NASDAQ:NSIT - Free Report) by 0.4% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 821,409 shares of the software maker's stock after acquiring an additional 2,944 shares during the quarter. Dimensional Fund Advisors LP owned 2.59% of Insight Enterprises worth $124,934,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in the company. Pacer Advisors Inc. boosted its holdings in Insight Enterprises by 26.6% in the fourth 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. Massachusetts Financial Services Co. MA acquired a new position in shares of Insight Enterprises in the 4th quarter valued at about $57,380,000. Norges Bank bought a new stake in shares of Insight Enterprises during the 4th quarter valued at about $47,585,000. Wellington Management Group LLP raised its stake in Insight Enterprises by 65.7% during the fourth quarter. Wellington Management Group LLP now owns 270,797 shares of the software maker's stock worth $41,188,000 after acquiring an additional 107,397 shares during the period. Finally, Bank of New York Mellon Corp raised its stake in Insight Enterprises by 9.2% during the fourth quarter. Bank of New York Mellon Corp now owns 260,838 shares of the software maker's stock worth $39,674,000 after acquiring an additional 21,876 shares during the period.

Wall Street Analyst Weigh In

Several equities analysts have recently commented on NSIT shares. JPMorgan Chase & Co. dropped their price target on Insight Enterprises from $193.00 to $156.00 and set a "neutral" rating on the stock in a research report on Thursday, April 17th. Barrington Research lowered their price objective on Insight Enterprises from $205.00 to $164.00 and set an "outperform" rating for the company in a research note on Friday, April 4th. Three analysts have rated the stock with a hold rating and two have given a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and a consensus target price of $185.00.

Insight Enterprises Stock Performance

Shares of NSIT traded up $0.34 during mid-day trading on Friday, reaching $134.16. 101,563 shares of the company's stock traded hands, compared to its average volume of 310,405. The business's 50-day moving average price is $144.97 and its 200-day moving average price is $160.42. The company has a debt-to-equity ratio of 0.30, a quick ratio of 1.15 and a current ratio of 1.18. The stock has a market capitalization of $4.28 billion, a P/E ratio of 20.58, a price-to-earnings-growth ratio of 1.40 and a beta of 1.31. Insight Enterprises, Inc. has a 12 month low of $126.10 and a 12 month high of $228.07.

Insight Enterprises (NASDAQ:NSIT - Get Free Report) last issued its quarterly earnings results on Thursday, May 1st. The software maker reported $2.06 EPS for the quarter, beating analysts' consensus estimates of $2.03 by $0.03. The company had revenue of $2.10 billion for the quarter, compared to analyst estimates of $2.19 billion. Insight Enterprises had a return on equity of 18.95% and a net margin of 2.87%. The company's quarterly revenue was down 11.6% compared to the same quarter last year. During the same period last year, the company earned $2.37 earnings per share. Equities analysts predict that Insight Enterprises, Inc. will post 9.89 earnings per share for the current year.

Insight Enterprises Company 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.