XTX Topco Ltd increased its stake in The Descartes Systems Group Inc. (NASDAQ:DSGX - Free Report) TSE: DSG by 66.3% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 7,361 shares of the technology company's stock after purchasing an additional 2,934 shares during the period. XTX Topco Ltd's holdings in The Descartes Systems Group were worth $836,000 as of its most recent SEC filing.
Several other large investors have also made changes to their positions in DSGX. Reynders McVeigh Capital Management LLC boosted its stake in The Descartes Systems Group by 8.8% during the 4th quarter. Reynders McVeigh Capital Management LLC now owns 49,330 shares of the technology company's stock worth $5,604,000 after acquiring an additional 4,000 shares during the last quarter. Synovus Financial Corp increased its position in shares of The Descartes Systems Group by 1.5% in the fourth quarter. Synovus Financial Corp now owns 15,579 shares of the technology company's stock valued at $1,770,000 after acquiring an additional 225 shares during the last quarter. Grandeur Peak Global Advisors LLC grew its stake in shares of The Descartes Systems Group by 3.9% in the fourth quarter. Grandeur Peak Global Advisors LLC now owns 239,725 shares of the technology company's stock valued at $27,245,000 after buying an additional 8,900 shares in the last quarter. Scotia Capital Inc. grew its holdings in The Descartes Systems Group by 8.4% during the fourth quarter. Scotia Capital Inc. now owns 61,695 shares of the technology company's stock worth $6,942,000 after purchasing an additional 4,797 shares during the period. Finally, Bessemer Group Inc. increased its holdings in shares of The Descartes Systems Group by 4.1% during the 4th quarter. Bessemer Group Inc. now owns 214,736 shares of the technology company's stock worth $24,395,000 after acquiring an additional 8,442 shares during the last quarter. Institutional investors and hedge funds own 77.73% of the company's stock.
The Descartes Systems Group Stock Performance
Shares of The Descartes Systems Group stock traded up $0.02 during trading on Tuesday, hitting $100.28. The company's stock had a trading volume of 41,850 shares, compared to its average volume of 206,522. The Descartes Systems Group Inc. has a 52 week low of $89.00 and a 52 week high of $124.31. The company has a market capitalization of $8.58 billion, a PE ratio of 63.07 and a beta of 0.97. The company has a fifty day simple moving average of $104.13 and a two-hundred day simple moving average of $110.24.
The Descartes Systems Group (NASDAQ:DSGX - Get Free Report) TSE: DSG last posted its earnings results on Wednesday, March 5th. The technology company reported $0.43 earnings per share for the quarter, meeting 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 company had revenue of $167.50 million for the quarter, compared to the consensus estimate of $169.97 million. As a group, analysts predict that The Descartes Systems Group Inc. will post 1.64 EPS for the current year.
Analyst Upgrades and Downgrades
DSGX has been the topic of a number of analyst reports. CIBC decreased their target price on shares of The Descartes Systems Group from $128.00 to $127.00 and set an "outperform" rating on the stock in a research report on Thursday, March 6th. Stephens cut their target price on shares of 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. Barclays lowered 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. BMO Capital Markets lowered their target price on The Descartes Systems Group from $120.00 to $113.00 and set a "market perform" rating for the company in a research report on Thursday, March 6th. Finally, StockNews.com cut shares of The Descartes Systems Group from a "buy" rating to a "hold" rating in a research report on Thursday, February 6th. Five equities research analysts have rated the stock with a hold rating, eight have issued a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the company has an average rating of "Moderate Buy" and a consensus target price of $119.50.
Get Our Latest Stock Report on DSGX
The Descartes Systems Group 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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