Legal & General Group Plc trimmed its holdings in shares of The Descartes Systems Group Inc. (NASDAQ:DSGX - Free Report) TSE: DSG by 39.0% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 245,779 shares of the technology company's stock after selling 156,897 shares during the period. Legal & General Group Plc owned about 0.29% of The Descartes Systems Group worth $27,924,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Mather Group LLC. boosted 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 valued at $27,000 after purchasing an additional 181 shares in the last quarter. SBI Securities Co. Ltd. bought a new stake in The Descartes Systems Group during the 4th quarter valued at $43,000. Trust Co. of Vermont purchased a new position in shares of The Descartes Systems Group in the 4th quarter valued at $54,000. Mitsubishi UFJ Trust & Banking Corp bought a new position in shares of The Descartes Systems Group in the 4th quarter worth $57,000. Finally, GAMMA Investing LLC lifted its stake 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. 77.73% of the stock is currently owned by institutional investors.
The Descartes Systems Group Trading Up 1.0 %
Shares of NASDAQ DSGX opened at $101.74 on Monday. The company has a 50 day simple moving average of $106.10 and a two-hundred day simple moving average of $110.22. The stock has a market cap of $8.71 billion, a price-to-earnings ratio of 63.99 and a beta of 0.97. The Descartes Systems Group Inc. has a 12 month low of $87.20 and a 12 month high of $124.31.
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 analysts' consensus estimates of $0.43. The Descartes Systems Group had a return on equity of 10.65% and a net margin of 21.80%. The business had revenue of $167.50 million during the quarter, compared to analyst estimates of $169.97 million. Analysts forecast that The Descartes Systems Group Inc. will post 1.64 EPS for the current year.
Wall Street Analysts Forecast Growth
A number of brokerages have commented on DSGX. Stephens reduced their target price on shares of The Descartes Systems Group from $137.00 to $125.00 and set an "overweight" rating for the company in a report on Wednesday, April 9th. StockNews.com cut shares of The Descartes Systems Group from a "buy" rating to a "hold" rating in a research report on Thursday, February 6th. Scotiabank lifted their price target 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. CIBC reduced their price target on The Descartes Systems Group from $128.00 to $127.00 and set an "outperform" rating on the stock in a research report on Thursday, March 6th. Finally, Royal Bank of Canada reissued an "outperform" rating and issued a $130.00 price objective on shares of The Descartes Systems Group in a research report on Friday, March 28th. Five 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.com, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $119.50.
Read Our Latest Report on The Descartes Systems Group
The Descartes Systems Group Company 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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