Swiss National Bank reduced its stake in shares of The Descartes Systems Group Inc. (NASDAQ:DSGX - Free Report) TSE: DSG by 3.9% during the 4th quarter, according to its most recent filing with the SEC. The firm owned 248,224 shares of the technology company's stock after selling 10,100 shares during the period. Swiss National Bank owned approximately 0.29% of The Descartes Systems Group worth $28,203,000 at the end of the most recent quarter.
A number of other institutional investors have also modified their holdings of the stock. EverSource Wealth Advisors LLC grew its position in shares of The Descartes Systems Group by 14.6% during the 4th quarter. EverSource Wealth Advisors LLC now owns 847 shares of the technology company's stock valued at $96,000 after acquiring an additional 108 shares during the period. AGF Management Ltd. grew its holdings in The Descartes Systems Group by 3.9% in the fourth quarter. AGF Management Ltd. now owns 102,947 shares of the technology company's stock valued at $11,702,000 after purchasing an additional 3,861 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank raised its stake in shares of The Descartes Systems Group by 17.9% during the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 53,585 shares of the technology company's stock worth $6,088,000 after buying an additional 8,130 shares during the period. Amundi lifted its position in shares of The Descartes Systems Group by 21.4% during the 4th quarter. Amundi now owns 55,042 shares of the technology company's stock valued at $6,228,000 after buying an additional 9,684 shares in the last quarter. Finally, Bank Julius Baer & Co. Ltd Zurich grew its stake in The Descartes Systems Group by 20.1% in the 4th quarter. Bank Julius Baer & Co. Ltd Zurich now owns 77,582 shares of the technology company's stock valued at $9,165,000 after acquiring an additional 13,002 shares during the period. Hedge funds and other institutional investors own 77.73% of the company's stock.
Wall Street Analyst Weigh In
Several research firms have issued reports on DSGX. CIBC decreased their price objective on shares of The Descartes Systems Group from $128.00 to $127.00 and set an "outperform" rating on the stock in a report on Thursday, March 6th. StockNews.com lowered shares of The Descartes Systems Group from a "buy" rating to a "hold" rating in a research note on Thursday, February 6th. Barclays cut their price objective on 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. Scotiabank increased their price objective on The Descartes Systems Group from $120.00 to $125.00 and gave the company a "sector outperform" rating in a research note on Wednesday, December 4th. Finally, Royal Bank of Canada lowered their price target on shares of The Descartes Systems Group from $133.00 to $130.00 and set an "outperform" rating on the stock in a research report on Thursday, March 6th. Five research 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. Based on data from MarketBeat.com, The Descartes Systems Group presently has a consensus rating of "Moderate Buy" and an average price target of $120.33.
Read Our Latest Stock Report on The Descartes Systems Group
The Descartes Systems Group Trading Up 1.1 %
The Descartes Systems Group stock traded up $1.12 during trading on Friday, hitting $101.15. The company had a trading volume of 281,506 shares, compared to its average volume of 190,120. The company's 50 day simple moving average is $111.67 and its 200-day simple moving average is $110.03. The Descartes Systems Group Inc. has a 1-year low of $87.20 and a 1-year high of $124.31. The stock has a market cap of $8.66 billion, a price-to-earnings ratio of 63.62 and a beta of 0.99.
The Descartes Systems Group (NASDAQ:DSGX - Get Free Report) TSE: DSG last posted its quarterly earnings data on Wednesday, March 5th. The technology company reported $0.43 earnings per share for the quarter, hitting 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 for the quarter, compared to analyst estimates of $169.97 million. As a group, analysts forecast that The Descartes Systems Group Inc. will post 1.64 earnings per share for the current fiscal year.
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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