Barclays PLC Sells 8,388 Shares of The Descartes Systems Group Inc. (NASDAQ:DSGX)

Barclays PLC decreased its holdings in The Descartes Systems Group Inc. (NASDAQ:DSGX - Free Report) TSE: DSG by 83.8% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 1,620 shares of the technology company's stock after selling 8,388 shares during the quarter. Barclays PLC's holdings in The Descartes Systems Group were worth $184,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also made changes to their positions in DSGX. Mather Group LLC. increased its holdings in shares of The Descartes Systems Group by 301.7% in the 4th quarter. Mather Group LLC. now owns 241 shares of the technology company's stock valued at $27,000 after acquiring an additional 181 shares during the period. SBI Securities Co. Ltd. purchased a new position in The Descartes Systems Group in the 4th quarter valued at about $43,000. Trust Co. of Vermont purchased a new position in The Descartes Systems Group in the 4th quarter valued at about $54,000. GAMMA Investing LLC lifted its holdings in The Descartes Systems Group by 4,950.0% in the 4th quarter. GAMMA Investing LLC now owns 505 shares of the technology company's stock valued at $57,000 after purchasing an additional 495 shares in the last quarter. Finally, Mitsubishi UFJ Trust & Banking Corp acquired a new position in shares of The Descartes Systems Group during the 4th quarter valued at about $57,000. Hedge funds and other institutional investors own 77.73% of the company's stock.

Analyst Ratings Changes

A number of analysts recently issued reports on DSGX shares. Scotiabank increased their target price on shares of The Descartes Systems Group from $125.00 to $127.00 and gave the stock a "sector outperform" rating in a research report on Wednesday, March 26th. Barclays reduced their price objective on 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. CIBC reduced their price objective on The Descartes Systems Group from $128.00 to $127.00 and set an "outperform" rating on the stock in a research note on Thursday, March 6th. StockNews.com cut The Descartes Systems Group from a "buy" rating to a "hold" rating in a research note on Thursday, February 6th. Finally, BMO Capital Markets cut 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. Four research analysts have rated the stock with a hold rating, eight have given a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, The Descartes Systems Group presently has an average rating of "Moderate Buy" and a consensus price target of $122.18.

The Descartes Systems Group Price Performance

Shares of The Descartes Systems Group stock traded up $0.74 during trading hours on Friday, hitting $113.50. The company's stock had a trading volume of 257,522 shares, compared to its average volume of 207,643. The company has a market capitalization of $9.72 billion, a PE ratio of 71.38 and a beta of 0.88. The Descartes Systems Group Inc. has a 12 month low of $89.00 and a 12 month high of $124.31. The stock has a 50 day moving average of $103.37 and a 200 day moving average of $110.59.

The Descartes Systems Group (NASDAQ:DSGX - Get Free Report) TSE: DSG last posted its quarterly 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 firm had revenue of $167.50 million during the quarter, compared to the consensus estimate of $169.97 million. The Descartes Systems Group had a return on equity of 10.65% and a net margin of 21.80%. Equities analysts expect that The Descartes Systems Group Inc. will post 1.64 EPS for the current year.

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.