First Trust Direct Indexing L.P. Invests $215,000 in Insight Enterprises, Inc. (NASDAQ:NSIT)

First Trust Direct Indexing L.P. purchased a new stake in Insight Enterprises, Inc. (NASDAQ:NSIT) during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm purchased 1,212 shares of the software maker’s stock, valued at approximately $215,000.

A number of other institutional investors have also recently added to or reduced their stakes in the stock. Vanguard Personalized Indexing Management LLC lifted 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 purchasing an additional 1,093 shares in the last quarter. Vanguard Group Inc. raised its holdings in shares of 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 acquiring an additional 245,814 shares during the period. Vaughan Nelson Investment Management L.P. raised its holdings in shares of 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 acquiring an additional 23,085 shares during the period. 13D Management LLC raised its holdings in shares of 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 acquiring an additional 8,721 shares during the period. Finally, Pacer Advisors Inc. raised its holdings in shares of 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 acquiring an additional 247,049 shares during the period.

Insight Enterprises Stock Performance

Shares of Insight Enterprises stock opened at $200.34 on Thursday. Insight Enterprises, Inc. has a one year low of $122.33 and a one year high of $204.02. The company has a market cap of $6.52 billion, a PE ratio of 25.20, a P/E/G 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 has a 50-day simple moving average of $185.47 and a 200-day simple moving average of $175.64.

Insight Enterprises (NASDAQ:NSIT) last announced 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. The business had revenue of $2.38 billion during the quarter, compared to the consensus estimate of $2.30 billion. Insight Enterprises had a return on equity of 21.34% and a net margin of 3.23%. The business’s revenue for the quarter was up 2.4% on a year-over-year basis. During the same period in the previous year, the company posted $1.78 earnings per share. On average, equities research analysts forecast that Insight Enterprises, Inc. will post 10.68 EPS for the current fiscal year.

Insider Buying and Selling

In related news, insider Samuel C. Cowley sold 7,278 shares of the business’s stock in a transaction that occurred on Tuesday, February 27th. The stock was sold at an average price of $187.62, for a total transaction of $1,365,498.36. Following the completion of the sale, the insider now owns 23,009 shares in the company, valued at $4,316,948.58. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. In other Insight Enterprises news, CAO Rachael Ann Bertrandt Crump sold 1,850 shares of the business’s stock in a transaction that occurred 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 sale, the chief accounting officer now owns 4,436 shares in the company, valued at $810,324.12. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, insider Samuel C. Cowley sold 7,278 shares of the business’s stock in a transaction that occurred on Tuesday, February 27th. The shares were sold at an average price of $187.62, for a total value of $1,365,498.36. Following the completion of the sale, the insider now owns 23,009 shares of the company’s stock, valued at approximately $4,316,948.58. The disclosure for this sale can be found here. Insiders sold a total of 20,918 shares of company stock worth $3,888,203 over the last 90 days. 1.23% of the stock is owned by insiders.

Analyst Ratings Changes

NSIT has been the topic of several analyst reports. Barrington Research reiterated an “outperform” rating and set a $211.00 price target on shares of Insight Enterprises in a report on Tuesday, April 23rd. Stifel Nicolaus raised their price objective on Insight Enterprises from $170.00 to $192.00 and gave the stock a “hold” rating in a research report on Monday, April 15th. 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 report on Friday, May 3rd. Finally, StockNews.com raised Insight Enterprises from a “hold” rating to a “buy” rating in a research report on Friday, May 3rd.

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.