First Trust Direct Indexing L.P. Buys New Position in Insight Enterprises, Inc. (NASDAQ:NSIT)

First Trust Direct Indexing L.P. bought a new stake in shares of Insight Enterprises, Inc. (NASDAQ:NSIT) in the 4th quarter, HoldingsChannel.com reports. The institutional investor bought 1,212 shares of the software maker’s stock, valued at approximately $215,000.

Several other hedge funds have also recently added to or reduced their stakes in NSIT. Vanguard Personalized Indexing Management LLC raised its holdings in Insight Enterprises by 22.7% in the 3rd quarter. Vanguard Personalized Indexing Management LLC now owns 5,902 shares of the software maker’s stock valued at $859,000 after acquiring an additional 1,093 shares in the last quarter. Vanguard Group Inc. raised its holdings in shares of Insight Enterprises by 6.4% in the 3rd quarter. Vanguard Group Inc. now owns 4,111,475 shares of the software maker’s stock worth $598,220,000 after buying an additional 245,814 shares in the last quarter. Vaughan Nelson Investment Management L.P. raised its holdings in shares of Insight Enterprises by 3.8% in 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 buying an additional 23,085 shares in the last quarter. 13D Management LLC raised its holdings in shares of Insight Enterprises by 11.6% in the 3rd quarter. 13D Management LLC now owns 83,953 shares of the software maker’s stock worth $12,215,000 after buying an additional 8,721 shares in the last quarter. Finally, Pacer Advisors Inc. raised its holdings in shares of Insight Enterprises by 53.1% in the 4th quarter. Pacer Advisors Inc. now owns 712,197 shares of the software maker’s stock worth $126,194,000 after buying an additional 247,049 shares in the last quarter.

Insider Buying and Selling at Insight Enterprises

In other Insight Enterprises news, CAO Rachael Ann Bertrandt Crump sold 1,850 shares of the 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 directly owns 4,436 shares in the company, valued at approximately $810,324.12. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. In other news, insider Samuel C. Cowley sold 7,278 shares of the firm’s stock in a transaction on Tuesday, February 27th. The stock was sold at an average price of $187.62, for a total value of $1,365,498.36. Following the transaction, the insider now directly owns 23,009 shares in the company, valued at approximately $4,316,948.58. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CAO Rachael Ann Bertrandt Crump sold 1,850 shares of the firm’s 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 completion of the transaction, the chief accounting officer now owns 4,436 shares in the company, valued at $810,324.12. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 20,918 shares of company stock worth $3,888,203. Insiders own 1.23% of the company’s stock.

Insight Enterprises Stock Up 0.1 %

Shares of NSIT opened at $200.34 on Thursday. The firm has a market capitalization of $6.52 billion, a price-to-earnings ratio of 25.20, a PEG ratio of 1.40 and a beta of 1.50. The company has a debt-to-equity ratio of 0.31, a quick ratio of 1.22 and a current ratio of 1.27. The business’s fifty day moving average price is $185.47 and its two-hundred day moving average price is $175.64. Insight Enterprises, Inc. has a 52 week low of $122.33 and a 52 week high of $204.02.

Insight Enterprises (NASDAQ:NSIT) last announced its quarterly earnings data on Thursday, May 2nd. The software maker reported $2.37 EPS for the quarter, beating analysts’ consensus estimates of $1.82 by $0.55. The firm had revenue of $2.38 billion for the quarter, compared to analyst estimates of $2.30 billion. Insight Enterprises had a return on equity of 21.34% and a net margin of 3.23%. The business’s quarterly revenue was up 2.4% compared to the same quarter last year. During the same period last year, the company earned $1.78 EPS. On average, analysts predict that Insight Enterprises, Inc. will post 10.68 earnings per share for the current year.

Analysts Set New Price Targets

A number of equities analysts have recently issued reports on the company. StockNews.com raised Insight Enterprises from a “hold” rating to a “buy” rating in a report on Friday, May 3rd. Barrington Research reaffirmed an “outperform” rating and set a $211.00 price target on shares of Insight Enterprises in a report on Tuesday, April 23rd. JPMorgan Chase & Co. raised their price target on Insight Enterprises from $193.00 to $195.00 and gave the company a “neutral” rating in a report on Friday, May 3rd. Finally, Stifel Nicolaus raised their price target on Insight Enterprises from $170.00 to $192.00 and gave the company a “hold” rating in a report on Monday, April 15th.

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.