Korea Investment CORP increased its position in shares of The Descartes Systems Group Inc. (NASDAQ:DSGX - Free Report) TSE: DSG by 115.8% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 42,301 shares of the technology company's stock after purchasing an additional 22,700 shares during the period. Korea Investment CORP's holdings in The Descartes Systems Group were worth $4,806,000 at the end of the most recent quarter.
A number of other institutional investors have also recently added to or reduced their stakes in DSGX. EverSource Wealth Advisors LLC grew its holdings in The Descartes Systems Group by 14.6% during the fourth quarter. EverSource Wealth Advisors LLC now owns 847 shares of the technology company's stock worth $96,000 after acquiring an additional 108 shares during the period. Mather Group LLC. boosted its position in shares of The Descartes Systems Group by 301.7% during the 4th quarter. Mather Group LLC. now owns 241 shares of the technology company's stock valued at $27,000 after purchasing an additional 181 shares in the last quarter. Allworth Financial LP grew its stake in shares of The Descartes Systems Group by 39.8% in the 4th quarter. Allworth Financial LP now owns 639 shares of the technology company's stock worth $77,000 after purchasing an additional 182 shares during the last quarter. Northwest & Ethical Investments L.P. lifted its stake in The Descartes Systems Group by 1.0% during the fourth quarter. Northwest & Ethical Investments L.P. now owns 23,583 shares of the technology company's stock valued at $2,677,000 after purchasing an additional 222 shares during the last quarter. Finally, Barclays PLC lifted its stake in The Descartes Systems Group by 2.8% during the third quarter. Barclays PLC now owns 10,008 shares of the technology company's stock valued at $1,031,000 after purchasing an additional 270 shares during the last quarter. 77.73% of the stock is currently owned by institutional investors and hedge funds.
The Descartes Systems Group Price Performance
DSGX traded down $4.83 during trading on Friday, reaching $95.84. 792,483 shares of the stock traded hands, compared to its average volume of 203,091. The Descartes Systems Group Inc. has a fifty-two week low of $87.20 and a fifty-two week high of $124.31. The stock's 50-day simple moving average is $108.55 and its two-hundred day simple moving average is $110.33. The stock has a market cap of $8.20 billion, a price-to-earnings ratio of 60.28 and a beta of 0.99.
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 EPS for the quarter, meeting the consensus estimate of $0.43. The business had revenue of $167.50 million during the quarter, compared to analysts' expectations of $169.97 million. The Descartes Systems Group had a return on equity of 10.65% and a net margin of 21.80%. Research analysts anticipate that The Descartes Systems Group Inc. will post 1.64 earnings per share for the current fiscal year.
Analyst Upgrades and Downgrades
A number of equities research analysts have recently commented on DSGX shares. Royal Bank of Canada reiterated an "outperform" rating and set a $130.00 price objective on shares of The Descartes Systems Group in a research report on Friday, March 28th. Barclays dropped their price target 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. 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. StockNews.com downgraded shares of The Descartes Systems Group from a "buy" rating to a "hold" rating in a research report on Thursday, February 6th. Finally, Stephens lowered their price objective on shares of The Descartes Systems Group from $145.00 to $137.00 and set an "overweight" rating on the stock in a research report on Thursday, March 6th. Five equities research analysts have rated the stock with a hold rating, eight have issued a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $120.50.
Read 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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