Thematics Asset Management Sells 8,542 Shares of The Descartes Systems Group Inc. (NASDAQ:DSGX)

Thematics Asset Management lessened its position in shares of The Descartes Systems Group Inc. (NASDAQ:DSGX - Free Report) TSE: DSG by 13.3% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 55,481 shares of the technology company's stock after selling 8,542 shares during the period. Thematics Asset Management owned approximately 0.06% of The Descartes Systems Group worth $6,303,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also recently bought and sold shares of DSGX. SBI Securities Co. Ltd. purchased a new position in The Descartes Systems Group during the fourth quarter worth about $43,000. Jane Street Group LLC grew its holdings in shares of The Descartes Systems Group by 20.4% during the third 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 in the last quarter. Barclays PLC increased its position in shares of The Descartes Systems Group by 2.8% in the third quarter. Barclays PLC now owns 10,008 shares of the technology company's stock worth $1,031,000 after purchasing an additional 270 shares during the last quarter. Geode Capital Management LLC lifted its position in The Descartes Systems Group by 23.0% during the fourth quarter. Geode Capital Management LLC now owns 590,010 shares of the technology company's stock valued at $67,934,000 after purchasing an additional 110,329 shares during the last quarter. Finally, Canoe Financial LP bought a new stake in The Descartes Systems Group during the fourth quarter valued at approximately $7,939,000. 77.73% of the stock is owned by institutional investors.

The Descartes Systems Group Trading Up 2.8 %

The Descartes Systems Group stock traded up $2.78 during trading hours on Wednesday, hitting $103.22. 214,276 shares of the stock traded hands, compared to its average volume of 206,596. The company has a market cap of $8.84 billion, a PE ratio of 64.92 and a beta of 0.97. The firm's 50-day moving average price is $103.54 and its two-hundred day moving average price is $110.12. The Descartes Systems Group Inc. has a one year low of $89.00 and a one year high of $124.31.

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 EPS for the quarter, hitting the consensus estimate of $0.43. The Descartes Systems Group had a net margin of 21.80% and a return on equity of 10.65%. The business had revenue of $167.50 million for the quarter, compared to analyst estimates of $169.97 million. On average, sell-side analysts expect that The Descartes Systems Group Inc. will post 1.64 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

DSGX has been the subject of a number of research analyst reports. 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 for the company in a report on Thursday, March 6th. Barclays reduced 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. CIBC cut their target price on The Descartes Systems Group from $128.00 to $127.00 and set an "outperform" rating for the company in a research note on Thursday, March 6th. Scotiabank lifted their price objective on The Descartes Systems Group from $125.00 to $127.00 and gave the stock a "sector outperform" rating in a report on Wednesday, March 26th. Finally, Stephens reduced their price target on The Descartes Systems Group from $137.00 to $125.00 and set an "overweight" rating on the stock in a research report on Wednesday, April 9th. Five research analysts have rated the stock with a hold rating, eight have given a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average target price of $119.50.

The Descartes Systems Group 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.