Wasatch Advisors LP Sells 132,641 Shares of The Descartes Systems Group Inc. (NASDAQ:DSGX)

Wasatch Advisors LP trimmed its holdings in shares of The Descartes Systems Group Inc. (NASDAQ:DSGX - Free Report) TSE: DSG by 43.5% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 172,587 shares of the technology company's stock after selling 132,641 shares during the period. Wasatch Advisors LP owned approximately 0.20% of The Descartes Systems Group worth $19,593,000 at the end of the most recent reporting period.

Several other institutional investors have also bought and sold shares of DSGX. SBI Securities Co. Ltd. bought a new stake in shares of The Descartes Systems Group during the 4th quarter worth about $43,000. Jane Street Group LLC raised its stake in shares of The Descartes Systems Group by 20.4% in the 3rd quarter. Jane Street Group LLC now owns 13,290 shares of the technology company's stock worth $1,368,000 after buying an additional 2,250 shares in the last quarter. Barclays PLC lifted its holdings 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 valued at $1,031,000 after buying an additional 270 shares during the period. Geode Capital Management LLC boosted its stake 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 buying an additional 110,329 shares in the last quarter. Finally, Canoe Financial LP acquired a new position in The Descartes Systems Group during the fourth quarter worth about $7,939,000. Institutional investors and hedge funds own 77.73% of the company's stock.

The Descartes Systems Group Price Performance

Shares of DSGX traded down $0.07 during trading hours on Tuesday, hitting $100.19. The stock had a trading volume of 69,240 shares, compared to its average volume of 206,547. The Descartes Systems Group Inc. has a 52 week low of $89.00 and a 52 week high of $124.31. The company's fifty day moving average is $104.13 and its two-hundred day moving average is $110.24. The stock has a market capitalization of $8.58 billion, a price-to-earnings ratio of 63.08 and a beta of 0.97.

The Descartes Systems Group (NASDAQ:DSGX - Get Free Report) TSE: DSG last released its quarterly earnings results on Wednesday, March 5th. The technology company reported $0.43 EPS for the quarter, meeting 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 analysts' expectations of $169.97 million. Equities analysts predict that The Descartes Systems Group Inc. will post 1.64 EPS for the current fiscal year.

Analysts Set New Price Targets

Several research firms have issued reports on DSGX. Barclays decreased their price target on shares of 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. Royal Bank of Canada reiterated an "outperform" rating and issued a $130.00 price target on shares of The Descartes Systems Group in a research report on Friday, March 28th. Stephens reduced their price objective on shares of The Descartes Systems Group from $137.00 to $125.00 and set an "overweight" rating for the company in a research note on Wednesday, April 9th. Scotiabank lifted their target price on shares of The Descartes Systems Group from $125.00 to $127.00 and gave the stock a "sector outperform" rating in a research report on Wednesday, March 26th. Finally, 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. Five analysts have rated the stock with a hold rating, eight have issued a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus price target 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.