Bank Julius Baer & Co. Ltd Zurich lifted its position in The Descartes Systems Group Inc. (NASDAQ:DSGX - Free Report) TSE: DSG by 20.1% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 77,582 shares of the technology company's stock after buying an additional 13,002 shares during the period. Bank Julius Baer & Co. Ltd Zurich owned approximately 0.09% of The Descartes Systems Group worth $9,165,000 as of its most recent SEC filing.
Other institutional investors also recently bought and sold shares of the company. SBI Securities Co. Ltd. purchased a new stake in shares of The Descartes Systems Group during the fourth quarter worth about $43,000. Jane Street Group LLC increased its stake in The Descartes Systems Group by 20.4% during the 3rd quarter. Jane Street Group LLC now owns 13,290 shares of the technology company's stock valued at $1,368,000 after purchasing an additional 2,250 shares in the last quarter. Plato Investment Management Ltd purchased a new position in shares of The Descartes Systems Group in the third quarter worth $2,308,000. Massachusetts Financial Services Co. MA lifted its stake in shares of The Descartes Systems Group by 2.1% during the third quarter. Massachusetts Financial Services Co. MA now owns 470,631 shares of the technology company's stock worth $48,456,000 after buying an additional 9,768 shares during the period. Finally, Barclays PLC increased its position in shares of The Descartes Systems Group by 2.8% in the 3rd quarter. Barclays PLC now owns 10,008 shares of the technology company's stock valued at $1,031,000 after acquiring an additional 270 shares during the period. 77.73% of the stock is currently owned by institutional investors and hedge funds.
Analyst Upgrades and Downgrades
DSGX has been the subject of several recent research reports. Loop Capital began coverage on shares of The Descartes Systems Group in a report on Tuesday, December 17th. They set a "buy" rating and a $140.00 target price for the company. TD Securities lifted their price objective on The Descartes Systems Group from $115.00 to $135.00 and gave the company a "buy" rating in a research note on Wednesday, December 4th. Barclays lowered their target price on The Descartes Systems Group from $125.00 to $118.00 and set an "equal weight" rating on the stock in a research note on Thursday, March 6th. Stephens reduced their price target on The Descartes Systems Group from $145.00 to $137.00 and set an "overweight" rating for the company in a research report on Thursday, March 6th. Finally, Royal Bank of Canada lowered their price objective on The Descartes Systems Group from $133.00 to $130.00 and set an "outperform" rating on the stock in a research report on Thursday, March 6th. Five analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average price target of $120.33.
Get Our Latest Stock Analysis on The Descartes Systems Group
The Descartes Systems Group Trading Up 1.8 %
DSGX stock traded up $1.79 during midday trading on Wednesday, hitting $99.71. 396,195 shares of the company's stock were exchanged, compared to its average volume of 186,317. The stock has a market capitalization of $8.54 billion, a PE ratio of 62.71 and a beta of 0.99. The Descartes Systems Group Inc. has a 1-year low of $87.20 and a 1-year high of $124.31. The business has a 50-day simple moving average of $113.62 and a two-hundred day simple moving average of $110.21.
The Descartes Systems Group (NASDAQ:DSGX - Get Free Report) TSE: DSG last posted its earnings results 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 the consensus estimate of $169.97 million. The Descartes Systems Group had a net margin of 21.80% and a return on equity of 10.65%. As a group, research analysts expect that The Descartes Systems Group Inc. will post 1.64 EPS for the current fiscal 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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