Zeno Equity Partners LLP reduced its position in shares of The Descartes Systems Group Inc. (NASDAQ:DSGX - Free Report) TSE: DSG by 4.1% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 256,149 shares of the technology company's stock after selling 10,819 shares during the period. The Descartes Systems Group makes up approximately 8.7% of Zeno Equity Partners LLP's investment portfolio, making the stock its 7th biggest position. Zeno Equity Partners LLP owned 0.30% of The Descartes Systems Group worth $29,099,000 at the end of the most recent quarter.
Other institutional investors have also added to or reduced their stakes in the company. SBI Securities Co. Ltd. acquired a new position in The Descartes Systems Group during the fourth quarter valued at approximately $43,000. Jane Street Group LLC raised its position in 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 valued at $1,368,000 after purchasing an additional 2,250 shares in the last quarter. Massachusetts Financial Services Co. MA grew its stake in shares of The Descartes Systems Group by 2.1% during the third quarter. Massachusetts Financial Services Co. MA now owns 470,631 shares of the technology company's stock worth $48,456,000 after buying an additional 9,768 shares during the last quarter. Barclays PLC grew its stake in shares of The Descartes Systems Group by 2.8% during the third quarter. Barclays PLC now owns 10,008 shares of the technology company's stock worth $1,031,000 after buying an additional 270 shares during the last quarter. Finally, Canoe Financial LP bought a new stake in shares of The Descartes Systems Group during the fourth quarter worth $7,939,000. 77.73% of the stock is currently owned by institutional investors and hedge funds.
Analysts Set New Price Targets
DSGX has been the topic of several analyst reports. Stephens reduced their price objective on shares of The Descartes Systems Group from $145.00 to $137.00 and set an "overweight" rating on the stock in a research note on Thursday, March 6th. Loop Capital initiated coverage on shares of The Descartes Systems Group in a research note on Tuesday, December 17th. They issued a "buy" rating and a $140.00 price objective on the stock. Barclays reduced their price objective 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 note on Thursday, March 6th. StockNews.com cut shares of The Descartes Systems Group from a "buy" rating to a "hold" rating in a research note on Thursday, February 6th. Finally, BMO Capital Markets reduced their price objective on shares of 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. Five analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average target price of $120.33.
Check Out Our Latest Stock Report on DSGX
The Descartes Systems Group Stock Performance
Shares of NASDAQ DSGX traded up $1.12 during trading on Friday, hitting $101.15. 281,506 shares of the company traded hands, compared to its average volume of 191,063. The business's fifty day moving average is $111.47 and its 200 day moving average is $110.18. The Descartes Systems Group Inc. has a fifty-two week low of $87.20 and a fifty-two week high of $124.31. The firm has a market capitalization of $8.66 billion, a price-to-earnings ratio of 63.62 and a beta of 0.99.
The Descartes Systems Group (NASDAQ:DSGX - Get Free Report) TSE: DSG last announced 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 net margin of 21.80% and a return on equity of 10.65%. The firm had revenue of $167.50 million for the quarter, compared to analyst estimates of $169.97 million. On average, analysts predict that The Descartes Systems Group Inc. will post 1.64 EPS for the current year.
The Descartes Systems Group Profile
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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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