APG Asset Management N.V. lifted its position in shares of The Descartes Systems Group Inc. (NASDAQ:DSGX - Free Report) TSE: DSG by 374.0% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 65,407 shares of the technology company's stock after purchasing an additional 51,607 shares during the period. APG Asset Management N.V. owned 0.08% of The Descartes Systems Group worth $7,176,000 at the end of the most recent quarter.
Other institutional investors and hedge funds have also recently bought and sold shares of the company. Mather Group LLC. boosted its position in The Descartes Systems Group by 301.7% during the fourth quarter. Mather Group LLC. now owns 241 shares of the technology company's stock worth $27,000 after purchasing an additional 181 shares during the period. SBI Securities Co. Ltd. acquired a new stake in The Descartes Systems Group during the fourth quarter worth approximately $43,000. Trust Co. of Vermont bought a new stake in shares of The Descartes Systems Group during the fourth quarter worth approximately $54,000. GAMMA Investing LLC grew its position in shares of The Descartes Systems Group by 4,950.0% in the fourth quarter. GAMMA Investing LLC now owns 505 shares of the technology company's stock valued at $57,000 after purchasing an additional 495 shares during the last quarter. Finally, Mitsubishi UFJ Trust & Banking Corp bought a new position in shares of The Descartes Systems Group during the fourth quarter worth approximately $57,000. Institutional investors own 77.73% of the company's stock.
The Descartes Systems Group Price Performance
DSGX stock traded up $2.00 during trading on Tuesday, reaching $103.58. 301,889 shares of the company were exchanged, compared to its average volume of 208,347. The company has a market capitalization of $8.87 billion, a price-to-earnings ratio of 65.14 and a beta of 0.97. The company has a 50-day moving average of $105.78 and a two-hundred day moving average of $110.22. The Descartes Systems Group Inc. has a twelve month low of $88.44 and a twelve month high of $124.31.
The Descartes Systems Group (NASDAQ:DSGX - Get Free Report) TSE: DSG last announced its quarterly earnings results on Wednesday, March 5th. The technology company reported $0.43 earnings per share (EPS) for the quarter, hitting the consensus estimate 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 during the quarter, compared to the consensus estimate of $169.97 million. On average, analysts forecast that The Descartes Systems Group Inc. will post 1.64 EPS for the current year.
Analysts Set New Price Targets
A number of brokerages have commented on DSGX. Scotiabank upped their price objective on The Descartes Systems Group from $125.00 to $127.00 and gave the company a "sector outperform" rating in a report on Wednesday, March 26th. Royal Bank of Canada reiterated an "outperform" rating and issued a $130.00 price objective on shares of The Descartes Systems Group in a research note on Friday, March 28th. BMO Capital Markets decreased their target price on shares of The Descartes Systems Group from $120.00 to $113.00 and set a "market perform" rating on the stock in a research report on Thursday, March 6th. CIBC lowered their target price on shares of The Descartes Systems Group from $128.00 to $127.00 and set an "outperform" rating on the stock in a report on Thursday, March 6th. Finally, Loop Capital initiated coverage on The Descartes Systems Group in a research note on Tuesday, December 17th. They issued a "buy" rating and a $140.00 price target for the company. Five research analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus price target of $119.50.
Check Out Our Latest Stock Report on The Descartes Systems Group
The Descartes Systems Group Profile
(
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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