National Bank of Canada FI boosted its holdings in shares of The Descartes Systems Group Inc. (NASDAQ:DSGX - Free Report) TSE: DSG by 4.5% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 730,778 shares of the technology company's stock after acquiring an additional 31,621 shares during the period. National Bank of Canada FI owned about 0.85% of The Descartes Systems Group worth $83,155,000 at the end of the most recent reporting period.
Several other institutional investors and hedge funds also recently modified their holdings of the business. SBI Securities Co. Ltd. acquired a new position in The Descartes Systems Group in the 4th quarter valued at about $43,000. Jane Street Group LLC raised its holdings in shares of The Descartes Systems Group by 20.4% in the 3rd quarter. Jane Street Group LLC now owns 13,290 shares of the technology company's stock worth $1,368,000 after purchasing an additional 2,250 shares during the period. Barclays PLC grew 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 worth $1,031,000 after buying an additional 270 shares during the period. Canoe Financial LP purchased a new position in The Descartes Systems Group in the fourth quarter valued at about $7,939,000. Finally, Geode Capital Management LLC lifted its stake in shares of The Descartes Systems Group by 10.7% during the third quarter. Geode Capital Management LLC now owns 479,681 shares of the technology company's stock worth $50,277,000 after purchasing an additional 46,523 shares in the last quarter. Hedge funds and other institutional investors own 77.73% of the company's stock.
Wall Street Analyst Weigh In
A number of equities research analysts have recently issued reports on DSGX shares. Stephens lowered their target price on The Descartes Systems Group from $145.00 to $137.00 and set an "overweight" rating for the company in a research note on Thursday, March 6th. CIBC lowered their price objective on shares of The Descartes Systems Group from $128.00 to $127.00 and set an "outperform" rating for the company in a research report on Thursday, March 6th. BMO Capital Markets dropped their price objective on shares of The Descartes Systems Group from $120.00 to $113.00 and set a "market perform" rating on the stock in a research note on Thursday, March 6th. Barclays decreased their target price on shares of The Descartes Systems Group from $125.00 to $118.00 and set an "equal weight" rating for the company in a research note on Thursday, March 6th. Finally, Loop Capital began coverage on shares of The Descartes Systems Group in a research note on Tuesday, December 17th. They set a "buy" rating and a $140.00 price target on the stock. Five research analysts have rated the stock with a hold rating, eight have given a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, The Descartes Systems Group currently has an average rating of "Moderate Buy" and an average price target of $120.50.
View Our Latest Report on DSGX
The Descartes Systems Group Price Performance
Shares of DSGX stock traded down $4.83 on Friday, hitting $95.84. 792,483 shares of the stock traded hands, compared to its average volume of 202,676. The company's fifty day moving average is $108.55 and its 200 day moving average is $110.33. The Descartes Systems Group Inc. has a 1-year low of $87.20 and a 1-year high of $124.31. The company has a market capitalization of $8.20 billion, a PE ratio of 60.28 and a beta of 0.99.
The Descartes Systems Group (NASDAQ:DSGX - Get Free Report) TSE: DSG last posted its quarterly earnings results on Wednesday, March 5th. The technology company reported $0.43 earnings per share (EPS) for the quarter, hitting analysts' consensus estimates of $0.43. The Descartes Systems Group had a net margin of 21.80% and a return on equity of 10.65%. The company had revenue of $167.50 million for the quarter, compared to the consensus estimate of $169.97 million. As a group, equities research analysts expect that The Descartes Systems Group Inc. will post 1.64 EPS for the current 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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