9,800 Shares in The Descartes Systems Group Inc. (NASDAQ:DSGX) Acquired by APG Asset Management N.V.

APG Asset Management N.V. acquired a new stake in The Descartes Systems Group Inc. (NASDAQ:DSGX) (TSE:DSG) during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 9,800 shares of the technology company’s stock, valued at approximately $886,000.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the business. Brown Brothers Harriman & Co. acquired a new stake in shares of The Descartes Systems Group in the fourth quarter valued at about $27,000. Central Pacific Bank Trust Division acquired a new position in The Descartes Systems Group during the first quarter worth about $28,000. Accent Capital Management LLC purchased a new stake in The Descartes Systems Group during the 4th quarter valued at about $32,000. Whittier Trust Co. of Nevada Inc. raised its holdings in The Descartes Systems Group by 703.3% in the 1st quarter. Whittier Trust Co. of Nevada Inc. now owns 490 shares of the technology company’s stock valued at $45,000 after acquiring an additional 429 shares during the last quarter. Finally, Park Place Capital Corp lifted its stake in The Descartes Systems Group by 48.5% in the 1st quarter. Park Place Capital Corp now owns 671 shares of the technology company’s stock worth $61,000 after purchasing an additional 219 shares in the last quarter. Institutional investors and hedge funds own 77.73% of the company’s stock.

The Descartes Systems Group Price Performance

Shares of DSGX opened at $102.96 on Tuesday. The firm has a 50-day simple moving average of $99.17 and a two-hundred day simple moving average of $96.38. The Descartes Systems Group Inc. has a 1-year low of $69.59 and a 1-year high of $105.12. The stock has a market cap of $8.79 billion, a PE ratio of 73.54 and a beta of 0.98.

The Descartes Systems Group (NASDAQ:DSGX) (TSE:DSG) last announced its earnings results on Wednesday, September 4th. The technology company reported $0.40 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.43 by ($0.03). The Descartes Systems Group had a net margin of 21.02% and a return on equity of 10.21%. The firm had revenue of $163.43 million during the quarter, compared to analysts’ expectations of $160.17 million. During the same period in the previous year, the firm earned $0.32 EPS. The firm’s revenue for the quarter was up 14.0% compared to the same quarter last year. As a group, sell-side analysts expect that The Descartes Systems Group Inc. will post 1.67 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of research firms have recently issued reports on DSGX. Canaccord Genuity Group set a $108.00 price target on The Descartes Systems Group and gave the company a “buy” rating in a research report on Thursday, September 5th. Barclays upped their target price on The Descartes Systems Group from $87.00 to $88.00 and gave the company an “underweight” rating in a report on Thursday, September 5th. National Bankshares set a $125.00 price target on The Descartes Systems Group and gave the stock an “outperform” rating in a report on Thursday, September 26th. National Bank Financial raised shares of The Descartes Systems Group to a “strong-buy” rating in a report on Wednesday, September 25th. Finally, Royal Bank of Canada reaffirmed an “outperform” rating and set a $115.00 target price on shares of The Descartes Systems Group in a research note on Thursday, September 5th. One research analyst has rated the stock with a sell rating, four have given a hold rating, nine have given a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $104.83.

The Descartes Systems Group Company 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.