TD Asset Management Inc. Boosts Stock Position in The Descartes Systems Group Inc. (NASDAQ:DSGX)

TD Asset Management Inc. raised its stake in The Descartes Systems Group Inc. (NASDAQ:DSGX - Free Report) TSE: DSG by 3.2% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 899,762 shares of the technology company's stock after acquiring an additional 28,204 shares during the period. TD Asset Management Inc. owned approximately 1.05% of The Descartes Systems Group worth $102,224,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently modified their holdings of DSGX. EverSource Wealth Advisors LLC raised its holdings in shares of 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 valued at $96,000 after purchasing an additional 108 shares during the last quarter. Mather Group LLC. grew its position in The Descartes Systems Group by 301.7% in the 4th quarter. Mather Group LLC. now owns 241 shares of the technology company's stock worth $27,000 after purchasing an additional 181 shares during the period. Allworth Financial LP raised its stake in The Descartes Systems Group by 39.8% during the 4th quarter. Allworth Financial LP now owns 639 shares of the technology company's stock valued at $77,000 after buying an additional 182 shares during the last quarter. Northwest & Ethical Investments L.P. raised its stake in The Descartes Systems Group by 1.0% during the 4th quarter. Northwest & Ethical Investments L.P. now owns 23,583 shares of the technology company's stock valued at $2,677,000 after buying an additional 222 shares during the last quarter. Finally, Barclays PLC lifted its holdings in shares of The Descartes Systems Group by 2.8% during the 3rd quarter. Barclays PLC now owns 10,008 shares of the technology company's stock valued at $1,031,000 after buying an additional 270 shares during the period. 77.73% of the stock is currently owned by institutional investors.

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Wall Street Analysts Forecast Growth

Several equities analysts have recently commented on the company. Barclays lowered their price objective on The Descartes Systems Group from $125.00 to $118.00 and set an "equal weight" rating on the stock in a research report on Thursday, March 6th. TD Securities boosted their price target on The Descartes Systems Group from $115.00 to $135.00 and gave the stock a "buy" rating in a report on Wednesday, December 4th. Scotiabank increased their price objective on shares of The Descartes Systems Group from $125.00 to $127.00 and gave the company a "sector outperform" rating in a report on Wednesday. Stephens lowered their target price on shares of The Descartes Systems Group from $145.00 to $137.00 and set an "overweight" rating on the stock in a report on Thursday, March 6th. Finally, Royal Bank of Canada reaffirmed an "outperform" rating and set a $130.00 target price on shares of The Descartes Systems Group in a research note on Friday. Five investment analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat.com, The Descartes Systems Group currently has an average rating of "Moderate Buy" and a consensus price target of $120.50.

The Descartes Systems Group Stock Down 1.4 %

DSGX traded down $1.39 on Friday, hitting $100.24. The company had a trading volume of 206,101 shares, compared to its average volume of 196,292. The business's fifty day simple moving average is $110.36 and its 200 day simple moving average is $110.33. The Descartes Systems Group Inc. has a 12-month low of $87.20 and a 12-month high of $124.31. The company has a market cap of $8.58 billion, a PE ratio of 63.04 and a beta of 0.99.

The Descartes Systems Group (NASDAQ:DSGX - Get Free Report) TSE: DSG last announced its earnings results on Wednesday, March 5th. The technology company reported $0.43 EPS for the quarter, hitting analysts' consensus estimates of $0.43. The firm 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%. On average, analysts anticipate that The Descartes Systems Group Inc. will post 1.64 earnings per share for the current fiscal year.

The Descartes Systems Group Company Profile

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.