The Descartes Systems Group Inc. (NASDAQ:DSGX) Stock Holdings Increased by Vanguard Group Inc.

Vanguard Group Inc. grew its holdings in shares of The Descartes Systems Group Inc. (NASDAQ:DSGX - Free Report) TSE: DSG by 1.7% in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 3,299,323 shares of the technology company's stock after purchasing an additional 54,341 shares during the quarter. Vanguard Group Inc. owned approximately 3.86% of The Descartes Systems Group worth $375,047,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also recently made changes to their positions in the business. FMR LLC lifted its position in The Descartes Systems Group by 2.8% during the third quarter. FMR LLC now owns 150,654 shares of the technology company's stock valued at $15,503,000 after purchasing an additional 4,067 shares in the last quarter. Quantbot Technologies LP purchased a new stake in The Descartes Systems Group in the 3rd quarter worth approximately $352,000. BNP Paribas Financial Markets purchased a new stake in The Descartes Systems Group in the 3rd quarter worth approximately $926,000. Verition Fund Management LLC bought a new stake in The Descartes Systems Group during the 3rd quarter worth approximately $313,000. Finally, Reynders McVeigh Capital Management LLC lifted its holdings in The Descartes Systems Group by 2.7% during the third quarter. Reynders McVeigh Capital Management LLC now owns 45,330 shares of the technology company's stock valued at $4,667,000 after purchasing an additional 1,205 shares in the last quarter. Institutional investors own 77.73% of the company's stock.

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The Descartes Systems Group Stock Down 4.8 %

NASDAQ DSGX traded down $4.83 on Friday, hitting $95.84. 792,483 shares of the stock were exchanged, compared to its average volume of 202,676. The company has a 50-day moving average price of $108.55 and a 200-day moving average price of $110.33. The company has a market cap of $8.20 billion, a PE ratio of 60.28 and a beta of 0.99. The Descartes Systems Group Inc. has a fifty-two week low of $87.20 and a fifty-two week 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 earnings per share for the quarter, meeting the consensus estimate 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 during the quarter, compared to the consensus estimate of $169.97 million. As a group, equities research analysts predict that The Descartes Systems Group Inc. will post 1.64 EPS for the current fiscal year.

Analyst Ratings Changes

Several brokerages recently weighed in on DSGX. Stephens dropped their target price on shares of The Descartes Systems Group from $145.00 to $137.00 and set an "overweight" rating for the company in a report on Thursday, March 6th. BMO Capital Markets decreased their target price on 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. Scotiabank boosted their price target 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. Barclays cut 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, CIBC dropped their price target on 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. Five 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 company. According to MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $120.50.

About The Descartes Systems Group

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.