First Trust Advisors LP Lowers Holdings in Insight Enterprises, Inc. (NASDAQ:NSIT)

First Trust Advisors LP reduced its stake in Insight Enterprises, Inc. (NASDAQ:NSIT - Free Report) by 80.8% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 7,646 shares of the software maker's stock after selling 32,246 shares during the period. First Trust Advisors LP's holdings in Insight Enterprises were worth $1,163,000 at the end of the most recent quarter.

Other large investors also recently modified their holdings of the company. Dimensional Fund Advisors LP boosted its position in shares of Insight Enterprises by 0.4% in the fourth quarter. Dimensional Fund Advisors LP now owns 821,409 shares of the software maker's stock valued at $124,934,000 after acquiring an additional 2,944 shares during the period. Canada Pension Plan Investment Board acquired a new position in Insight Enterprises during the 4th quarter worth approximately $122,000. Marshall Wace LLP bought a new stake in Insight Enterprises during the 4th quarter worth $15,220,000. NewEdge Advisors LLC boosted its stake in shares of Insight Enterprises by 32.8% during the fourth quarter. NewEdge Advisors LLC now owns 255 shares of the software maker's stock valued at $39,000 after purchasing an additional 63 shares in the last quarter. Finally, XTX Topco Ltd bought a new stake in Insight Enterprises during the 4th quarter worth approximately $382,000.

Wall Street Analysts Forecast Growth

A number of equities analysts recently weighed in on the stock. Barrington Research lowered their target price 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, April 4th. JPMorgan Chase & Co. lowered their target price on shares of Insight Enterprises from $193.00 to $156.00 and set a "neutral" rating on the stock in a report on Thursday, April 17th. Three equities research analysts have rated the stock with a hold rating and two have given a buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of "Hold" and a consensus price target of $185.00.

Insight Enterprises Stock Performance

Insight Enterprises stock traded down $3.11 during mid-day trading on Friday, reaching $133.22. 404,640 shares of the company's stock were exchanged, compared to its average volume of 314,270. The business's fifty day simple moving average is $142.60 and its 200 day simple moving average is $156.81. The company has a quick ratio of 1.15, a current ratio of 1.18 and a debt-to-equity ratio of 0.30. Insight Enterprises, Inc. has a one year low of $126.10 and a one year high of $228.07. The firm has a market capitalization of $4.25 billion, a PE ratio of 20.43, a P/E/G ratio of 1.40 and a beta of 1.22.

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

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.