Amundi boosted its position in shares of The Descartes Systems Group Inc. (NASDAQ:DSGX - Free Report) TSE: DSG by 21.4% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 55,042 shares of the technology company's stock after acquiring an additional 9,684 shares during the period. Amundi owned 0.06% of The Descartes Systems Group worth $6,228,000 as of its most recent filing with the Securities & Exchange Commission.
Other institutional investors also recently bought and sold shares of the company. Bank Julius Baer & Co. Ltd Zurich lifted its holdings in shares of The Descartes Systems Group by 20.1% during the 4th quarter. Bank Julius Baer & Co. Ltd Zurich now owns 77,582 shares of the technology company's stock valued at $9,165,000 after purchasing an additional 13,002 shares during the last quarter. Raymond James Financial Inc. acquired a new position in The Descartes Systems Group during the 4th quarter valued at about $19,392,000. Aigen Investment Management LP raised its stake in The Descartes Systems Group by 183.1% in the fourth quarter. Aigen Investment Management LP now owns 7,603 shares of the technology company's stock valued at $864,000 after buying an additional 4,917 shares during the last quarter. Atria Investments Inc boosted its holdings in The Descartes Systems Group by 11.5% in the fourth quarter. Atria Investments Inc now owns 7,035 shares of the technology company's stock worth $799,000 after acquiring an additional 724 shares in the last quarter. Finally, Assetmark Inc. grew its stake in shares of The Descartes Systems Group by 58.7% during the fourth quarter. Assetmark Inc. now owns 9,268 shares of the technology company's stock worth $1,053,000 after acquiring an additional 3,429 shares during the last quarter. 77.73% of the stock is currently owned by institutional investors and hedge funds.
The Descartes Systems Group Stock Up 1.0 %
Shares of DSGX traded up $0.97 during midday trading on Wednesday, reaching $100.12. The company had a trading volume of 243,870 shares, compared to its average volume of 188,848. The Descartes Systems Group Inc. has a 1-year low of $87.20 and a 1-year high of $124.31. The firm has a 50 day simple moving average of $112.20 and a 200-day simple moving average of $110.17. The stock has a market cap of $8.57 billion, a PE ratio of 62.97 and a beta of 0.99.
The Descartes Systems Group (NASDAQ:DSGX - Get Free Report) TSE: DSG last issued its earnings results on Wednesday, March 5th. The technology company reported $0.43 EPS for the quarter, hitting analysts' consensus estimates of $0.43. The Descartes Systems Group had a net margin of 21.80% and a return on equity of 10.65%. The company had revenue of $167.50 million for the quarter, compared to the consensus estimate of $169.97 million. As a group, sell-side analysts anticipate that The Descartes Systems Group Inc. will post 1.64 earnings per share for the current fiscal year.
Wall Street Analysts Forecast Growth
Several research firms have recently commented on DSGX. Scotiabank lifted their price objective on shares of The Descartes Systems Group from $120.00 to $125.00 and gave the stock a "sector outperform" rating in a research note on Wednesday, December 4th. StockNews.com downgraded The Descartes Systems Group from a "buy" rating to a "hold" rating in a research note on Thursday, February 6th. Loop Capital initiated coverage on The Descartes Systems Group in a report on Tuesday, December 17th. They issued a "buy" rating and a $140.00 price objective on the stock. CIBC decreased their target price on The Descartes Systems Group from $128.00 to $127.00 and set an "outperform" rating for the company in a report on Thursday, March 6th. Finally, TD Securities increased their price target on shares of The Descartes Systems Group from $115.00 to $135.00 and gave the stock a "buy" rating in a report on Wednesday, December 4th. Five investment analysts have rated the stock with a hold rating, nine have given a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, The Descartes Systems Group currently has a consensus rating of "Moderate Buy" and an average price target of $120.33.
Read Our Latest Research Report on DSGX
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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