Scotia Capital Inc. increased its stake in shares of The Descartes Systems Group Inc. (NASDAQ:DSGX - Free Report) TSE: DSG by 8.4% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 61,695 shares of the technology company's stock after acquiring an additional 4,797 shares during the period. Scotia Capital Inc. owned about 0.07% of The Descartes Systems Group worth $6,942,000 as of its most recent filing with the Securities & Exchange Commission.
Several other institutional investors also recently bought and sold shares of the stock. Mather Group LLC. boosted its holdings in The Descartes Systems Group by 301.7% during the fourth quarter. Mather Group LLC. now owns 241 shares of the technology company's stock worth $27,000 after buying an additional 181 shares in the last quarter. SBI Securities Co. Ltd. purchased a new stake in shares of The Descartes Systems Group during the 4th quarter worth about $43,000. Trust Co. of Vermont acquired a new stake in shares of The Descartes Systems Group during the 4th quarter valued at about $54,000. GAMMA Investing LLC increased its stake in shares of The Descartes Systems Group by 4,950.0% in the 4th quarter. GAMMA Investing LLC now owns 505 shares of the technology company's stock valued at $57,000 after purchasing an additional 495 shares in the last quarter. Finally, Mitsubishi UFJ Trust & Banking Corp acquired a new position in The Descartes Systems Group in the 4th quarter worth about $57,000. 77.73% of the stock is currently owned by hedge funds and other institutional investors.
The Descartes Systems Group Stock Up 2.0 %
Shares of NASDAQ DSGX traded up $2.00 during midday trading on Tuesday, hitting $103.58. The company had a trading volume of 291,561 shares, compared to its average volume of 208,132. The firm has a market capitalization of $8.87 billion, a price-to-earnings ratio of 65.14 and a beta of 0.97. The Descartes Systems Group Inc. has a twelve month low of $87.20 and a twelve month high of $124.31. The business has a 50-day simple moving average of $105.78 and a two-hundred day simple moving average of $110.22.
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 earnings per share for the quarter, meeting 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 analyst estimates of $169.97 million. On average, equities analysts forecast that The Descartes Systems Group Inc. will post 1.64 EPS for the current year.
Analyst Ratings Changes
DSGX has been the subject of several recent analyst reports. Loop Capital began coverage on shares of The Descartes Systems Group in a report on Tuesday, December 17th. They issued a "buy" rating and a $140.00 price target for the company. Barclays reduced their target price on The Descartes Systems Group from $125.00 to $118.00 and set an "equal weight" rating for the company in a report on Thursday, March 6th. BMO Capital Markets dropped their price target on The Descartes Systems Group from $120.00 to $113.00 and set a "market perform" rating for the company in a research report on Thursday, March 6th. Stephens dropped 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. Finally, StockNews.com downgraded shares of The Descartes Systems Group from a "buy" rating to a "hold" rating in a research note on Thursday, February 6th. Five equities research analysts have rated the stock with a hold rating, eight have issued a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus target price of $119.50.
Read Our Latest Research Report on DSGX
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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