AEGON ASSET MANAGEMENT UK Plc cut its stake in The Descartes Systems Group Inc. (NASDAQ:DSGX - Free Report) TSE: DSG by 3.9% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 176,959 shares of the technology company's stock after selling 7,099 shares during the quarter. AEGON ASSET MANAGEMENT UK Plc owned about 0.21% of The Descartes Systems Group worth $19,861,000 at the end of the most recent quarter.
Other institutional investors and hedge funds have also made changes to their positions in the company. Conestoga Capital Advisors LLC boosted its position in shares of The Descartes Systems Group by 1.7% in the 3rd quarter. Conestoga Capital Advisors LLC now owns 3,168,594 shares of the technology company's stock worth $326,238,000 after purchasing an additional 52,485 shares in the last quarter. Fiera Capital Corp boosted its position in shares of The Descartes Systems Group by 0.8% in the 3rd quarter. Fiera Capital Corp now owns 2,578,648 shares of the technology company's stock worth $265,692,000 after purchasing an additional 19,817 shares in the last quarter. Mackenzie Financial Corp boosted its position in shares of The Descartes Systems Group by 4.5% in the 2nd quarter. Mackenzie Financial Corp now owns 2,134,228 shares of the technology company's stock worth $206,807,000 after purchasing an additional 91,301 shares in the last quarter. Geneva Capital Management LLC boosted its position in shares of The Descartes Systems Group by 1.3% in the 3rd quarter. Geneva Capital Management LLC now owns 1,476,659 shares of the technology company's stock worth $152,037,000 after purchasing an additional 19,002 shares in the last quarter. Finally, Franklin Resources Inc. lifted its position in The Descartes Systems Group by 3.1% during the 3rd quarter. Franklin Resources Inc. now owns 1,367,946 shares of the technology company's stock worth $142,693,000 after acquiring an additional 40,807 shares during the period. 77.73% of the stock is currently owned by hedge funds and other institutional investors.
Wall Street Analyst Weigh In
A number of analysts have commented on DSGX shares. Royal Bank of Canada lifted their price target on The Descartes Systems Group from $115.00 to $133.00 and gave the stock an "outperform" rating in a research report on Friday, November 29th. BMO Capital Markets lifted their price target on The Descartes Systems Group from $104.00 to $120.00 and gave the stock a "market perform" rating in a research report on Wednesday, December 4th. TD Securities lifted their price target on The Descartes Systems Group from $115.00 to $135.00 and gave the stock a "buy" rating in a research report on Wednesday, December 4th. Barclays raised The Descartes Systems Group from an "underweight" rating to an "equal weight" rating and boosted their price objective for the company from $88.00 to $125.00 in a report on Friday, November 15th. Finally, Scotiabank boosted their price objective on The Descartes Systems Group from $120.00 to $125.00 and gave the company a "sector outperform" rating in a report on Wednesday, December 4th. Five equities research analysts have rated the stock with a hold rating, nine have given a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $117.92.
Check Out Our Latest Report on DSGX
The Descartes Systems Group Stock Performance
Shares of The Descartes Systems Group stock traded down $0.76 on Friday, hitting $119.13. The company's stock had a trading volume of 137,705 shares, compared to its average volume of 156,764. The Descartes Systems Group Inc. has a 1 year low of $84.12 and a 1 year high of $122.88. The firm has a fifty day moving average price of $116.00 and a 200-day moving average price of $106.98. The company has a market capitalization of $10.19 billion, a price-to-earnings ratio of 74.92 and a beta of 0.99.
The Descartes Systems Group (NASDAQ:DSGX - Get Free Report) TSE: DSG last posted its quarterly earnings data on Tuesday, December 3rd. The technology company reported $0.42 EPS for the quarter, missing the consensus estimate of $0.44 by ($0.02). The Descartes Systems Group had a return on equity of 10.65% and a net margin of 21.80%. During the same period in the previous year, the business earned $0.31 EPS. As a group, analysts forecast that The Descartes Systems Group Inc. will post 1.64 EPS for the current year.
About The Descartes Systems Group
(
Free Report)
The Descartes Systems Group Inc provides cloud-based logistics and supply chain management solutions worldwide. Its Logistics Technology platform offers a range of modular, interoperable web and wireless logistics management solutions. The company provides a suite of solutions that include routing, mobile, and telematics; transportation management; ecommerce, shipping, and fulfillment; customs and regulatory compliance; global trade intelligence; broker and forwarder enterprise systems; and B2B messaging and connectivity services.
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