Parkside Financial Bank & Trust Sells 441 Shares of Insight Enterprises, Inc. (NASDAQ:NSIT)

Parkside Financial Bank & Trust reduced its holdings in shares of Insight Enterprises, Inc. (NASDAQ:NSIT) by 49.7% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 446 shares of the software maker’s stock after selling 441 shares during the quarter. Parkside Financial Bank & Trust’s holdings in Insight Enterprises were worth $79,000 as of its most recent SEC filing.

Other hedge funds have also bought and sold shares of the company. Vanguard Personalized Indexing Management LLC lifted its holdings in Insight Enterprises by 22.7% during the third quarter. Vanguard Personalized Indexing Management LLC now owns 5,902 shares of the software maker’s stock worth $859,000 after acquiring an additional 1,093 shares during the period. Vanguard Group Inc. raised its stake in shares of Insight Enterprises by 6.4% in the third quarter. Vanguard Group Inc. now owns 4,111,475 shares of the software maker’s stock valued at $598,220,000 after buying an additional 245,814 shares during the period. Vaughan Nelson Investment Management L.P. raised its stake in shares of Insight Enterprises by 3.8% in the fourth quarter. Vaughan Nelson Investment Management L.P. now owns 635,345 shares of the software maker’s stock valued at $112,577,000 after buying an additional 23,085 shares during the period. 13D Management LLC raised its stake in shares of Insight Enterprises by 11.6% in the third quarter. 13D Management LLC now owns 83,953 shares of the software maker’s stock valued at $12,215,000 after buying an additional 8,721 shares during the period. Finally, Pacer Advisors Inc. raised its stake in shares of Insight Enterprises by 53.1% in the fourth quarter. Pacer Advisors Inc. now owns 712,197 shares of the software maker’s stock valued at $126,194,000 after buying an additional 247,049 shares during the period.

Insider Buying and Selling

In related news, insider Samuel C. Cowley sold 7,278 shares of the business’s stock in a transaction dated 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 transaction, the insider now directly 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 this link. In other Insight Enterprises news, insider Samuel C. Cowley sold 7,278 shares of Insight Enterprises stock in a transaction dated 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 of the company’s stock, valued at $4,316,948.58. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, CAO Rachael Ann Bertrandt Crump sold 1,850 shares of Insight Enterprises stock in a transaction dated Thursday, February 22nd. The stock was sold at an average price of $182.67, for a total value of $337,939.50. Following the sale, the chief accounting officer now directly owns 4,436 shares of the company’s stock, valued at approximately $810,324.12. 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 ninety days. 1.23% of the stock is owned by corporate insiders.

Insight Enterprises Price Performance

Insight Enterprises stock opened at $182.57 on Friday. Insight Enterprises, Inc. has a 52 week low of $117.99 and a 52 week high of $194.57. The business has a 50-day simple moving average of $184.55 and a 200 day simple moving average of $172.85. The company has a quick ratio of 1.23, a current ratio of 1.28 and a debt-to-equity ratio of 0.34. The stock has a market cap of $5.94 billion, a price-to-earnings ratio of 24.18, a PEG ratio of 1.34 and a beta of 1.51.

Insight Enterprises (NASDAQ:NSIT) last posted its earnings results on Thursday, February 15th. The software maker reported $2.98 EPS for the quarter, missing the consensus estimate of $3.04 by ($0.06). Insight Enterprises had a return on equity of 20.64% and a net margin of 3.07%. The business had revenue of $2.24 billion for the quarter, compared to analysts’ expectations of $2.41 billion. During the same quarter in the previous year, the firm earned $2.53 earnings per share. Insight Enterprises’s quarterly revenue was down 10.7% compared to the same quarter last year. On average, research analysts forecast that Insight Enterprises, Inc. will post 10.59 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several equities analysts have recently weighed in on NSIT shares. StockNews.com cut Insight Enterprises from a “buy” rating to a “hold” rating in a research report on Friday, January 26th. Barrington Research reiterated an “outperform” rating and issued a $211.00 price target on shares of Insight Enterprises in a research report on Tuesday. JPMorgan Chase & Co. lifted their price target on Insight Enterprises from $188.00 to $193.00 and gave the company a “neutral” rating in a research report on Thursday, April 11th. Finally, Stifel Nicolaus lifted their price target on Insight Enterprises from $170.00 to $192.00 and gave the company a “hold” rating in a research 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.