Barrow Hanley Mewhinney & Strauss LLC cut its holdings in Insight Enterprises, Inc. (NASDAQ:NSIT) by 3.5% during the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 191,583 shares of the software maker’s stock after selling 6,874 shares during the quarter. Barrow Hanley Mewhinney & Strauss LLC owned approximately 0.54% of Insight Enterprises worth $8,798,000 at the end of the most recent reporting period.

Other large investors have also added to or reduced their stakes in the company. Victory Capital Management Inc. boosted its stake in Insight Enterprises by 17.6% in the second quarter. Victory Capital Management Inc. now owns 2,567 shares of the software maker’s stock valued at $103,000 after buying an additional 385 shares in the last quarter. Macquarie Group Ltd. acquired a new stake in Insight Enterprises in the third quarter valued at about $156,000. CIBC Asset Management Inc acquired a new stake in Insight Enterprises in the third quarter valued at about $205,000. Eqis Capital Management Inc. acquired a new stake in Insight Enterprises in the third quarter valued at about $211,000. Finally, Amalgamated Bank bought a new position in Insight Enterprises in the third quarter valued at about $223,000. 97.19% of the stock is currently owned by institutional investors and hedge funds.

Insight Enterprises, Inc. (NASDAQ:NSIT) opened at $38.58 on Friday. The company has a debt-to-equity ratio of 0.65, a current ratio of 1.84 and a quick ratio of 1.59. The company has a market capitalization of $1,307.85, a PE ratio of 11.60 and a beta of 1.56. Insight Enterprises, Inc. has a 1 year low of $35.26 and a 1 year high of $53.19.

Insight Enterprises (NASDAQ:NSIT) last posted its earnings results on Tuesday, November 7th. The software maker reported $0.73 EPS for the quarter, beating the consensus estimate of $0.68 by $0.05. The firm had revenue of $1.76 billion during the quarter, compared to the consensus estimate of $1.59 billion. Insight Enterprises had a return on equity of 14.90% and a net margin of 1.53%. The business’s quarterly revenue was up 26.2% on a year-over-year basis. During the same period last year, the company earned $0.62 earnings per share. equities research analysts anticipate that Insight Enterprises, Inc. will post 3.22 EPS for the current fiscal year.

NSIT has been the subject of several research reports. B. Riley reiterated a “buy” rating and issued a $56.00 target price (up from $54.50) on shares of Insight Enterprises in a research report on Wednesday, November 8th. Zacks Investment Research downgraded Insight Enterprises from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, October 4th. ValuEngine downgraded Insight Enterprises from a “buy” rating to a “hold” rating in a research report on Wednesday, November 15th. Finally, BidaskClub downgraded Insight Enterprises from a “sell” rating to a “strong sell” rating in a research report on Tuesday, December 12th. Two investment analysts have rated the stock with a sell rating, three have given a hold rating and one has issued a buy rating to the company. Insight Enterprises presently has an average rating of “Hold” and an average target price of $51.00.

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About Insight Enterprises

Insight Enterprises, Inc is engaged in providing information technology (IT) hardware, software, and cloud and service solutions to business, government, healthcare and educational clients. The Company operates through three segments: North America, EMEA and APAC. North America comprises the United States and Canada; EMEA comprises Europe, the Middle East and Africa, and APAC comprises Asia Pacific.

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Institutional Ownership by Quarter for Insight Enterprises (NASDAQ:NSIT)

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