The Descartes Systems Group Inc. (NASDAQ:DSGX) Shares Bought by Whittier Trust Co. of Nevada Inc.

Whittier Trust Co. of Nevada Inc. boosted its holdings in The Descartes Systems Group Inc. (NASDAQ:DSGX - Free Report) TSE: DSG by 962.9% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund owned 16,093 shares of the technology company's stock after purchasing an additional 14,579 shares during the period. Whittier Trust Co. of Nevada Inc.'s holdings in The Descartes Systems Group were worth $1,828,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently bought and sold shares of DSGX. Pathstone Holdings LLC grew its holdings in The Descartes Systems Group by 1.8% during the 3rd quarter. Pathstone Holdings LLC now owns 53,434 shares of the technology company's stock worth $5,502,000 after acquiring an additional 934 shares in the last quarter. Intech Investment Management LLC lifted its position in shares of The Descartes Systems Group by 41.6% during the third quarter. Intech Investment Management LLC now owns 10,671 shares of the technology company's stock worth $1,099,000 after purchasing an additional 3,134 shares during the last quarter. Massachusetts Financial Services Co. MA grew its stake in The Descartes Systems Group by 2.1% in the third quarter. Massachusetts Financial Services Co. MA now owns 470,631 shares of the technology company's stock worth $48,456,000 after purchasing an additional 9,768 shares in the last quarter. Montrusco Bolton Investments Inc. increased its holdings in The Descartes Systems Group by 19.5% in the third quarter. Montrusco Bolton Investments Inc. now owns 42,902 shares of the technology company's stock valued at $4,420,000 after buying an additional 7,008 shares during the last quarter. Finally, Nicolet Advisory Services LLC raised its stake in The Descartes Systems Group by 6.4% during the third quarter. Nicolet Advisory Services LLC now owns 5,485 shares of the technology company's stock valued at $551,000 after buying an additional 331 shares in the last quarter. Institutional investors and hedge funds own 77.73% of the company's stock.

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The Descartes Systems Group Trading Down 1.9 %

DSGX traded down $1.96 during trading hours on Thursday, hitting $101.63. The company's stock had a trading volume of 249,038 shares, compared to its average volume of 193,069. The company has a 50-day simple moving average of $111.17 and a 200 day simple moving average of $110.31. The firm has a market capitalization of $8.70 billion, a PE ratio of 63.92 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 issued its quarterly earnings data on Wednesday, March 5th. The technology company reported $0.43 earnings per share for the quarter, meeting analysts' consensus estimates of $0.43. The business had revenue of $167.50 million for the quarter, compared to analysts' expectations of $169.97 million. The Descartes Systems Group had a net margin of 21.80% and a return on equity of 10.65%. Research analysts expect that The Descartes Systems Group Inc. will post 1.64 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several research analysts have recently commented on DSGX shares. StockNews.com lowered The Descartes Systems Group from a "buy" rating to a "hold" rating in a research report on Thursday, February 6th. Barclays decreased their price objective on shares of The Descartes Systems Group from $125.00 to $118.00 and set an "equal weight" rating for the company in a report on Thursday, March 6th. Loop Capital started coverage on shares of The Descartes Systems Group in a report on Tuesday, December 17th. They set a "buy" rating and a $140.00 target price on the stock. Royal Bank of Canada decreased their price target on shares of The Descartes Systems Group from $133.00 to $130.00 and set an "outperform" rating for the company in a report on Thursday, March 6th. Finally, TD Securities increased their price objective on shares of The Descartes Systems Group from $115.00 to $135.00 and gave the stock a "buy" rating in a research note on Wednesday, December 4th. Five research analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat, The Descartes Systems Group has an average rating of "Moderate Buy" and a consensus price target of $120.50.

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.