Vaughan Nelson Investment Management L.P. Sells 115,385 Shares of Insight Enterprises, Inc. (NASDAQ:NSIT)

Vaughan Nelson Investment Management L.P. reduced its stake in shares of Insight Enterprises, Inc. (NASDAQ:NSIT - Free Report) by 37.3% in the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 193,968 shares of the software maker's stock after selling 115,385 shares during the quarter. Vaughan Nelson Investment Management L.P. owned approximately 0.61% of Insight Enterprises worth $29,094,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also modified their holdings of the stock. Opal Wealth Advisors LLC acquired a new position in Insight Enterprises during the first quarter worth $27,000. J.Safra Asset Management Corp raised its holdings in Insight Enterprises by 40.8% in the 4th quarter. J.Safra Asset Management Corp now owns 245 shares of the software maker's stock valued at $37,000 after acquiring an additional 71 shares in the last quarter. NewEdge Advisors LLC lifted its position in Insight Enterprises by 32.8% in the fourth quarter. NewEdge Advisors LLC now owns 255 shares of the software maker's stock worth $39,000 after purchasing an additional 63 shares during the period. Parallel Advisors LLC raised its position in Insight Enterprises by 40.4% in the first quarter. Parallel Advisors LLC now owns 330 shares of the software maker's stock worth $49,000 after purchasing an additional 95 shares in the last quarter. Finally, Smartleaf Asset Management LLC lifted its position in shares of Insight Enterprises by 287.7% during the 4th quarter. Smartleaf Asset Management LLC now owns 504 shares of the software maker's stock worth $76,000 after buying an additional 374 shares during the period.

Analysts Set New Price Targets

A number of research firms have commented on NSIT. Barrington Research restated an "outperform" rating and issued a $164.00 price target on shares of Insight Enterprises in a research report on Tuesday, May 20th. JPMorgan Chase & Co. dropped their price objective on Insight Enterprises from $193.00 to $156.00 and set a "neutral" rating for the company in a report on Thursday, April 17th. Three investment analysts have rated the stock with a hold rating and two have issued a buy rating to the company's stock. Based on data from MarketBeat.com, Insight Enterprises has an average rating of "Hold" and an average target price of $185.00.

Insight Enterprises Trading Up 0.9%

NASDAQ:NSIT traded up $1.12 during trading hours on Monday, hitting $132.17. The stock had a trading volume of 70,845 shares, compared to its average volume of 326,663. Insight Enterprises, Inc. has a one year low of $126.10 and a one year high of $228.07. The company has a market cap of $4.22 billion, a price-to-earnings ratio of 20.34, a P/E/G ratio of 1.40 and a beta of 1.20. 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 business's 50 day moving average is $134.29 and its 200-day moving average is $150.07.

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