Dimensional Fund Advisors LP Purchases 2,944 Shares of Insight Enterprises, Inc. (NASDAQ:NSIT)

Dimensional Fund Advisors LP increased its holdings in Insight Enterprises, Inc. (NASDAQ:NSIT) by 0.4% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm 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 approximately 2.59% of Insight Enterprises worth $124,934,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in NSIT. Golden State Wealth Management LLC purchased a new stake in shares of Insight Enterprises in the 4th quarter worth approximately $32,000. R Squared Ltd purchased a new stake in Insight Enterprises during the fourth quarter worth $33,000. J.Safra Asset Management Corp boosted its position in Insight Enterprises by 40.8% during 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 increased its holdings in shares of Insight Enterprises by 32.8% in the 4th quarter. NewEdge Advisors LLC now owns 255 shares of the software maker’s stock valued at $39,000 after acquiring an additional 63 shares during the period. Finally, Smartleaf Asset Management LLC raised its position in shares of Insight Enterprises by 287.7% in the 4th quarter. Smartleaf Asset Management LLC now owns 504 shares of the software maker’s stock worth $76,000 after acquiring an additional 374 shares in the last quarter.

Wall Street Analysts Forecast Growth

NSIT has been the topic of several analyst reports. JPMorgan Chase & Co. cut their target price on Insight Enterprises from $193.00 to $156.00 and set a “neutral” rating on the stock in a research note on Thursday, April 17th. 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. Three investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $185.00.

Insight Enterprises Trading Up 0.7 %

Insight Enterprises stock opened at $138.61 on Friday. Insight Enterprises, Inc. has a 52 week low of $126.10 and a 52 week high of $228.07. The stock has a 50-day moving average price of $146.93 and a 200 day moving average price of $162.23. The company has a quick ratio of 1.15, a current ratio of 1.18 and a debt-to-equity ratio of 0.30. The company has a market capitalization of $4.42 billion, a price-to-earnings ratio of 21.26, a price-to-earnings-growth ratio of 1.40 and a beta of 1.31.

Insight Enterprises (NASDAQ:NSIT) last released its quarterly earnings data on Thursday, February 6th. The software maker reported $2.66 EPS for the quarter, beating the consensus estimate of $2.53 by $0.13. Insight Enterprises had a net margin of 2.87% and a return on equity of 18.95%. During the same period in the prior year, the company posted $2.98 EPS. Sell-side analysts anticipate that Insight Enterprises, Inc. will post 9.89 EPS 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.