APG Asset Management US Inc. purchased a new position in shares of The Descartes Systems Group Inc. (NASDAQ:DSGX - Free Report) TSE: DSG during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 2,691 shares of the technology company's stock, valued at approximately $306,000.
A number of other hedge funds also recently bought and sold shares of DSGX. Mather Group LLC. increased its stake in shares of 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 buying an additional 181 shares during the period. SBI Securities Co. Ltd. purchased a new stake in shares of The Descartes Systems Group in the 4th quarter valued at approximately $43,000. Trust Co. of Vermont acquired a new stake in shares of The Descartes Systems Group in the 4th quarter valued at $54,000. GAMMA Investing LLC lifted its position in shares of The Descartes Systems Group by 4,950.0% during the 4th quarter. GAMMA Investing LLC now owns 505 shares of the technology company's stock worth $57,000 after purchasing an additional 495 shares during the last quarter. Finally, Mitsubishi UFJ Trust & Banking Corp acquired a new position in shares of The Descartes Systems Group during the fourth quarter worth $57,000. Institutional investors and hedge funds own 77.73% of the company's stock.
Wall Street Analyst Weigh In
A number of analysts have issued reports on DSGX shares. CIBC decreased their price target 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. Royal Bank of Canada reaffirmed an "outperform" rating and issued a $130.00 price target on shares of The Descartes Systems Group in a report on Friday, March 28th. Scotiabank raised their price objective on shares of The Descartes Systems Group from $125.00 to $127.00 and gave the stock a "sector outperform" rating in a report on Wednesday, March 26th. Loop Capital started coverage on shares of The Descartes Systems Group in a report on Tuesday, December 17th. They issued a "buy" rating and a $140.00 target price for the company. Finally, BMO Capital Markets cut their price target 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 note on Thursday, March 6th. Five analysts have rated the stock with a hold rating, eight have given a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $119.50.
Read Our Latest Stock Analysis on The Descartes Systems Group
The Descartes Systems Group Stock Performance
The Descartes Systems Group stock traded up $0.91 during mid-day trading on Tuesday, reaching $102.49. 110,869 shares of the company were exchanged, compared to its average volume of 207,436. The firm has a market cap of $8.77 billion, a PE ratio of 64.46 and a beta of 0.97. The firm's 50-day simple moving average is $105.78 and its two-hundred day simple moving average is $110.22. The Descartes Systems Group Inc. has a twelve month low of $87.20 and a twelve month high of $124.31.
The Descartes Systems Group (NASDAQ:DSGX - Get Free Report) TSE: DSG last announced its quarterly earnings data 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 during the quarter, compared to the consensus estimate of $169.97 million. As a group, equities research analysts anticipate that The Descartes Systems Group Inc. will post 1.64 EPS for the current year.
The Descartes Systems Group Profile
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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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