LSV Asset Management Acquires 4,600 Shares of Insight Enterprises, Inc. (NASDAQ:NSIT)

LSV Asset Management grew its holdings in Insight Enterprises, Inc. (NASDAQ:NSIT - Free Report) by 2.6% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 183,180 shares of the software maker's stock after buying an additional 4,600 shares during the period. LSV Asset Management owned 0.56% of Insight Enterprises worth $32,458,000 at the end of the most recent quarter.

Other hedge funds also recently made changes to their positions in the company. Vanguard Personalized Indexing Management LLC lifted its position in shares of Insight Enterprises by 22.7% in the third quarter. Vanguard Personalized Indexing Management LLC now owns 5,902 shares of the software maker's stock valued at $859,000 after buying an additional 1,093 shares during the last quarter. Vanguard Group Inc. lifted its holdings in Insight Enterprises by 6.4% during the 3rd quarter. Vanguard Group Inc. now owns 4,111,475 shares of the software maker's stock worth $598,220,000 after purchasing an additional 245,814 shares during the last quarter. Vaughan Nelson Investment Management L.P. lifted its holdings in Insight Enterprises by 3.8% during the 4th quarter. Vaughan Nelson Investment Management L.P. now owns 635,345 shares of the software maker's stock worth $112,577,000 after purchasing an additional 23,085 shares during the last quarter. 13D Management LLC lifted its holdings in Insight Enterprises by 11.6% during the 3rd quarter. 13D Management LLC now owns 83,953 shares of the software maker's stock worth $12,215,000 after purchasing an additional 8,721 shares during the last quarter. Finally, Pacer Advisors Inc. lifted its holdings in Insight Enterprises by 53.1% during the 4th quarter. Pacer Advisors Inc. now owns 712,197 shares of the software maker's stock worth $126,194,000 after purchasing an additional 247,049 shares during the last quarter.

Analyst Ratings Changes

Several analysts recently weighed in on the company. StockNews.com raised Insight Enterprises from a "hold" rating to a "buy" rating in a report on Friday. Barrington Research reissued an "outperform" rating and set a $211.00 price target on shares of Insight Enterprises in a report on Tuesday, April 23rd. Stifel Nicolaus lifted their price target on Insight Enterprises from $170.00 to $192.00 and gave the stock a "hold" rating in a report on Monday, April 15th. Finally, JPMorgan Chase & Co. raised their price objective on Insight Enterprises from $193.00 to $195.00 and gave the stock a "neutral" rating in a research note on Friday.

Insider Activity

In other news, CAO Rachael Ann Bertrandt Crump sold 1,850 shares of Insight Enterprises stock in a transaction on Thursday, February 22nd. The stock was sold at an average price of $182.67, for a total value of $337,939.50. Following the transaction, the chief accounting officer now owns 4,436 shares in the company, valued at approximately $810,324.12. The sale was disclosed in a filing with the SEC, which is available at the SEC website. In other news, CAO Rachael Ann Bertrandt Crump sold 1,850 shares of Insight Enterprises stock in a transaction on Thursday, February 22nd. The stock was sold at an average price of $182.67, for a total value of $337,939.50. Following the transaction, the chief accounting officer now owns 4,436 shares in the company, valued at approximately $810,324.12. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Kathleen S. Pushor sold 1,790 shares of Insight Enterprises stock in a transaction on Friday, February 23rd. The shares were sold at an average price of $185.12, for a total value of $331,364.80. Following the completion of the transaction, the director now owns 5,800 shares in the company, valued at approximately $1,073,696. The disclosure for this sale can be found here. In the last quarter, insiders have sold 20,918 shares of company stock worth $3,888,203. Insiders own 1.23% of the company's stock.

Insight Enterprises Price Performance

Insight Enterprises stock traded up $6.18 during mid-day trading on Monday, reaching $199.92. 242,846 shares of the company were exchanged, compared to its average volume of 246,181. The company has a fifty day simple moving average of $184.86 and a 200-day simple moving average of $175.08. Insight Enterprises, Inc. has a 12 month low of $122.33 and a 12 month high of $201.86. The company has a debt-to-equity ratio of 0.31, a current ratio of 1.27 and a quick ratio of 1.22. The firm has a market cap of $6.51 billion, a PE ratio of 25.15, a PEG ratio of 1.40 and a beta of 1.50.

Insight Enterprises (NASDAQ:NSIT - Get Free Report) last posted its quarterly earnings data on Thursday, May 2nd. The software maker reported $2.37 EPS for the quarter, topping analysts' consensus estimates of $1.82 by $0.55. Insight Enterprises had a return on equity of 21.34% and a net margin of 3.23%. The firm had revenue of $2.38 billion for the quarter, compared to analyst estimates of $2.30 billion. During the same quarter last year, the company earned $1.78 EPS. The company's revenue was up 2.4% on a year-over-year basis. As a group, equities research analysts expect that Insight Enterprises, Inc. will post 10.68 earnings per share 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.