Vanguard Group Inc. Raises Holdings in The Descartes Systems Group Inc. (NASDAQ:DSGX)

Vanguard Group Inc. raised its position in shares of The Descartes Systems Group Inc. (NASDAQ:DSGX) (TSE:DSG) by 1.0% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 3,096,740 shares of the technology company’s stock after acquiring an additional 31,078 shares during the period. Vanguard Group Inc.’s holdings in The Descartes Systems Group were worth $260,312,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Fiera Capital Corp grew its holdings in shares of The Descartes Systems Group by 9.3% during the 4th quarter. Fiera Capital Corp now owns 2,422,044 shares of the technology company’s stock worth $204,169,000 after purchasing an additional 206,193 shares during the period. Mackenzie Financial Corp grew its stake in The Descartes Systems Group by 8.8% during the fourth quarter. Mackenzie Financial Corp now owns 1,914,238 shares of the technology company’s stock worth $160,912,000 after buying an additional 154,110 shares during the period. Geneva Capital Management LLC grew its stake in The Descartes Systems Group by 0.4% during the fourth quarter. Geneva Capital Management LLC now owns 1,468,407 shares of the technology company’s stock worth $123,434,000 after buying an additional 6,497 shares during the period. Norges Bank acquired a new stake in shares of The Descartes Systems Group in the fourth quarter worth $92,571,000. Finally, TD Asset Management Inc raised its stake in shares of The Descartes Systems Group by 10.5% in the 4th quarter. TD Asset Management Inc now owns 772,483 shares of the technology company’s stock valued at $65,201,000 after acquiring an additional 73,410 shares during the period. 77.73% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several analysts recently issued reports on DSGX shares. CIBC increased their price target on The Descartes Systems Group from $101.00 to $108.00 and gave the company an “outperform” rating in a report on Thursday, May 30th. TD Securities increased their target price on The Descartes Systems Group from $110.00 to $115.00 and gave the company a “buy” rating in a research note on Thursday, May 30th. Barclays boosted their price target on The Descartes Systems Group from $75.00 to $87.00 and gave the stock an “underweight” rating in a research report on Friday, May 17th. Raymond James lifted their price objective on shares of The Descartes Systems Group from $94.00 to $96.00 and gave the company a “market perform” rating in a research note on Friday, May 31st. Finally, Scotiabank upped their target price on shares of The Descartes Systems Group from $100.00 to $104.00 and gave the company a “sector outperform” rating in a research note on Friday, May 31st. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and seven have issued a buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $102.00.

The Descartes Systems Group Trading Down 0.5 %

DSGX stock opened at $96.84 on Monday. The company has a market capitalization of $8.27 billion, a P/E ratio of 69.17 and a beta of 0.93. The firm has a 50 day simple moving average of $95.37 and a 200-day simple moving average of $90.36. The Descartes Systems Group Inc. has a twelve month low of $69.59 and a twelve month high of $100.69.

The Descartes Systems Group (NASDAQ:DSGX) (TSE:DSG) last issued its earnings results on Wednesday, May 29th. The technology company reported $0.40 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.42 by ($0.02). The company had revenue of $151.30 million during the quarter, compared to analyst estimates of $151.80 million. The Descartes Systems Group had a net margin of 20.62% and a return on equity of 9.96%. The business’s revenue for the quarter was up 10.8% compared to the same quarter last year. During the same quarter last year, the company posted $0.34 EPS. On average, research analysts predict that The Descartes Systems Group Inc. will post 1.59 EPS for the current year.

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.