Dimensional Fund Advisors LP Sells 202,636 Shares of Insight Enterprises, Inc. (NASDAQ:NSIT)

Dimensional Fund Advisors LP cut its stake in shares of Insight Enterprises, Inc. (NASDAQ:NSIT) by 18.9% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 870,036 shares of the software maker’s stock after selling 202,636 shares during the quarter. Dimensional Fund Advisors LP owned about 2.67% of Insight Enterprises worth $172,578,000 as of its most recent SEC filing.

Several other large investors have also recently modified their holdings of NSIT. Capital World Investors lifted its position in Insight Enterprises by 27.8% in the 1st quarter. Capital World Investors now owns 2,149,092 shares of the software maker’s stock valued at $398,700,000 after acquiring an additional 467,088 shares in the last quarter. Norges Bank bought a new position in shares of Insight Enterprises during the fourth quarter valued at $58,687,000. Capital Research Global Investors lifted its holdings in shares of Insight Enterprises by 54.9% during the first quarter. Capital Research Global Investors now owns 907,709 shares of the software maker’s stock valued at $168,398,000 after purchasing an additional 321,780 shares in the last quarter. Westfield Capital Management Co. LP purchased a new stake in shares of Insight Enterprises during the fourth quarter valued at $56,128,000. Finally, Capital International Investors bought a new stake in Insight Enterprises in the 1st quarter worth about $33,765,000.

Insight Enterprises Stock Performance

NSIT opened at $213.84 on Friday. The company’s 50 day moving average is $206.68 and its 200 day moving average is $197.92. The company has a current ratio of 1.22, a quick ratio of 1.19 and a debt-to-equity ratio of 0.36. The company has a market cap of $6.96 billion, a price-to-earnings ratio of 26.90, a PEG ratio of 1.54 and a beta of 1.46. Insight Enterprises, Inc. has a 12-month low of $139.34 and a 12-month high of $228.07.

Insight Enterprises (NASDAQ:NSIT) last issued its quarterly earnings results on Thursday, August 1st. The software maker reported $2.46 earnings per share for the quarter, missing the consensus estimate of $2.82 by ($0.36). The business had revenue of $2.16 billion for the quarter, compared to analysts’ expectations of $2.47 billion. Insight Enterprises had a return on equity of 20.38% and a net margin of 3.38%. The company’s revenue was down 8.0% compared to the same quarter last year. During the same quarter in the prior year, the business earned $2.56 EPS. On average, equities research analysts predict that Insight Enterprises, Inc. will post 10.68 EPS for the current year.

Insiders Place Their Bets

In other news, insider Jennifer M. Vasin sold 739 shares of Insight Enterprises stock in a transaction dated Monday, August 19th. The stock was sold at an average price of $206.03, for a total transaction of $152,256.17. Following the transaction, the insider now directly owns 5,460 shares of the company’s stock, valued at approximately $1,124,923.80. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Company insiders own 1.23% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on NSIT shares. StockNews.com downgraded shares of Insight Enterprises from a “buy” rating to a “hold” rating in a report on Friday, July 5th. Barrington Research restated an “outperform” rating and issued a $225.00 target price on shares of Insight Enterprises in a report on Friday. JPMorgan Chase & Co. decreased their target price on shares of Insight Enterprises from $233.00 to $225.00 and set a “neutral” rating for the company in a research note on Friday, August 2nd. Finally, Stifel Nicolaus raised their price target on Insight Enterprises from $192.00 to $200.00 and gave the stock a “hold” rating in a research note on Wednesday, July 17th.

Insight Enterprises Company 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.