Aviva PLC Lowers Stock Position in The Descartes Systems Group Inc. (NASDAQ:DSGX)

Aviva PLC lowered its stake in shares of The Descartes Systems Group Inc. (NASDAQ:DSGX - Free Report) TSE: DSG by 13.1% in the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm owned 49,243 shares of the technology company's stock after selling 7,443 shares during the quarter. Aviva PLC owned approximately 0.06% of The Descartes Systems Group worth $5,586,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently modified their holdings of DSGX. SBI Securities Co. Ltd. bought a new position in The Descartes Systems Group in the 4th quarter worth approximately $43,000. Jane Street Group LLC lifted its position in shares of The Descartes Systems Group by 20.4% during the third quarter. Jane Street Group LLC now owns 13,290 shares of the technology company's stock worth $1,368,000 after acquiring an additional 2,250 shares in the last quarter. Barclays PLC boosted its holdings in shares of The Descartes Systems Group by 2.8% in the third quarter. Barclays PLC now owns 10,008 shares of the technology company's stock worth $1,031,000 after acquiring an additional 270 shares during the period. Canoe Financial LP purchased a new position in shares of The Descartes Systems Group in the fourth quarter valued at $7,939,000. Finally, Geode Capital Management LLC grew its holdings in The Descartes Systems Group by 23.0% during the 4th quarter. Geode Capital Management LLC now owns 590,010 shares of the technology company's stock valued at $67,934,000 after buying an additional 110,329 shares in the last quarter. 77.73% of the stock is owned by institutional investors.

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The Descartes Systems Group Trading Up 1.1 %

DSGX traded up $1.10 during trading on Tuesday, hitting $102.68. 72,097 shares of the company's stock traded hands, compared to its average volume of 207,299. The Descartes Systems Group Inc. has a 12-month low of $87.20 and a 12-month high of $124.31. The company's 50 day simple moving average is $105.78 and its two-hundred day simple moving average is $110.22. The stock has a market capitalization of $8.79 billion, a price-to-earnings ratio of 64.58 and a beta of 0.97.

The Descartes Systems Group (NASDAQ:DSGX - Get Free Report) TSE: DSG last released its quarterly earnings data on Wednesday, March 5th. The technology company reported $0.43 earnings per share for the quarter, meeting the consensus estimate of $0.43. The firm had revenue of $167.50 million during the quarter, compared to analysts' expectations of $169.97 million. The Descartes Systems Group had a net margin of 21.80% and a return on equity of 10.65%. On average, equities analysts expect that The Descartes Systems Group Inc. will post 1.64 EPS for the current year.

Wall Street Analysts Forecast Growth

Several brokerages have commented on DSGX. 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 for the company in a report on Thursday, March 6th. StockNews.com downgraded shares of The Descartes Systems Group from a "buy" rating to a "hold" rating in a research note on Thursday, February 6th. Barclays dropped their target price on The Descartes Systems Group from $125.00 to $118.00 and set an "equal weight" rating for the company in a report on Thursday, March 6th. CIBC cut their price target 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, Royal Bank of Canada restated an "outperform" rating and issued a $130.00 price objective on shares of The Descartes Systems Group in a report on Friday, March 28th. Five investment analysts have rated the stock with a hold rating, eight have issued a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus price target of $119.50.

The Descartes Systems Group Profile

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.