Dimensional Fund Advisors LP Increases Stock Position in The Descartes Systems Group Inc. (NASDAQ:DSGX)

Dimensional Fund Advisors LP grew its position in The Descartes Systems Group Inc. (NASDAQ:DSGX - Free Report) TSE: DSG by 9.5% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 111,351 shares of the technology company's stock after acquiring an additional 9,698 shares during the period. Dimensional Fund Advisors LP owned about 0.13% of The Descartes Systems Group worth $10,784,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Westfield Capital Management Co. LP purchased a new stake in The Descartes Systems Group in the 1st quarter valued at approximately $47,481,000. Price T Rowe Associates Inc. MD boosted its stake in shares of The Descartes Systems Group by 3.8% in the first quarter. Price T Rowe Associates Inc. MD now owns 7,602,572 shares of the technology company's stock valued at $695,864,000 after buying an additional 278,796 shares in the last quarter. William Blair Investment Management LLC acquired a new position in The Descartes Systems Group during the second quarter worth $20,608,000. Grandeur Peak Global Advisors LLC purchased a new position in The Descartes Systems Group in the first quarter worth $19,264,000. Finally, Zeno Equity Partners LLP acquired a new stake in The Descartes Systems Group in the fourth quarter valued at $11,108,000. Hedge funds and other institutional investors own 77.73% of the company's stock.

The Descartes Systems Group Stock Down 1.6 %

Shares of NASDAQ:DSGX traded down $1.66 during midday trading on Monday, reaching $100.21. The company's stock had a trading volume of 64,159 shares, compared to its average volume of 153,012. The firm has a market cap of $8.56 billion, a price-to-earnings ratio of 72.76 and a beta of 0.97. The business has a 50 day moving average price of $99.35 and a 200 day moving average price of $96.70. The Descartes Systems Group Inc. has a 1 year low of $69.59 and a 1 year high of $105.12.

The Descartes Systems Group (NASDAQ:DSGX - Get Free Report) TSE: DSG last posted its quarterly earnings data on Wednesday, September 4th. The technology company reported $0.40 EPS for the quarter, missing analysts' consensus estimates of $0.43 by ($0.03). The Descartes Systems Group had a net margin of 21.02% and a return on equity of 10.21%. The company had revenue of $163.43 million for the quarter, compared to analyst estimates of $160.17 million. During the same period in the prior year, the company earned $0.32 EPS. The company's revenue was up 14.0% compared to the same quarter last year. Sell-side analysts anticipate that The Descartes Systems Group Inc. will post 1.67 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of equities analysts have recently issued reports on the stock. BMO Capital Markets increased their price target on shares of The Descartes Systems Group from $100.00 to $104.00 and gave the company a "market perform" rating in a report on Thursday, September 5th. Royal Bank of Canada reiterated an "outperform" rating and set a $115.00 price target on shares of The Descartes Systems Group in a research report on Thursday, September 5th. National Bankshares set a $125.00 price target on The Descartes Systems Group and gave the stock an "outperform" rating in a report on Thursday, September 26th. Canaccord Genuity Group set a $108.00 price objective on The Descartes Systems Group and gave the stock a "buy" rating in a report on Thursday, September 5th. Finally, National Bank Financial raised The Descartes Systems Group to a "strong-buy" rating in a report on Wednesday, September 25th. One analyst has rated the stock with a sell rating, four have issued a hold rating, nine have given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $104.83.

About The Descartes Systems Group

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.