The Descartes Systems Group Inc. (NASDAQ:DSGX) Shares Acquired by Bessemer Group Inc.

Bessemer Group Inc. boosted its stake in shares of The Descartes Systems Group Inc. (NASDAQ:DSGX - Free Report) TSE: DSG by 4.1% during the 4th quarter, according to its most recent filing with the SEC. The firm owned 214,736 shares of the technology company's stock after purchasing an additional 8,442 shares during the period. Bessemer Group Inc. owned approximately 0.25% of The Descartes Systems Group worth $24,395,000 at the end of the most recent quarter.

Other institutional investors have also recently added to or reduced their stakes in the company. Mather Group LLC. raised its position in 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 purchasing an additional 181 shares in the last quarter. SBI Securities Co. Ltd. acquired a new stake in The Descartes Systems Group during the fourth quarter worth approximately $43,000. Trust Co. of Vermont acquired a new position in shares of The Descartes Systems Group in the 4th quarter valued at $54,000. Mitsubishi UFJ Trust & Banking Corp acquired a new position in The Descartes Systems Group during the fourth quarter valued at approximately $57,000. Finally, GAMMA Investing LLC lifted its position in The Descartes Systems Group by 4,950.0% during the 4th quarter. GAMMA Investing LLC now owns 505 shares of the technology company's stock worth $57,000 after acquiring an additional 495 shares in the last quarter. Institutional investors and hedge funds own 77.73% of the company's stock.

The Descartes Systems Group Trading Down 0.2 %

Shares of DSGX stock traded down $0.20 on Wednesday, hitting $103.38. The stock had a trading volume of 64,203 shares, compared to its average volume of 207,800. The firm has a market cap of $8.85 billion, a P/E ratio of 65.02 and a beta of 0.97. The company has a fifty day moving average price of $105.78 and a two-hundred day moving average price of $110.22. The Descartes Systems Group Inc. has a twelve month low of $88.44 and a twelve month high of $124.31.

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 analyst estimates of $169.97 million. On average, analysts expect that The Descartes Systems Group Inc. will post 1.64 earnings per share for the current year.

Wall Street Analysts Forecast Growth

DSGX has been the topic of several recent analyst reports. BMO Capital Markets cut their target price on 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. Scotiabank upped their target price on shares of The Descartes Systems Group from $125.00 to $127.00 and gave the company a "sector outperform" rating in a research note on Wednesday, March 26th. Barclays cut their target price on shares of 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. Royal Bank of Canada reiterated an "outperform" rating and set a $130.00 target price on shares of The Descartes Systems Group in a research report on Friday, March 28th. Finally, CIBC cut their target price 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. Five research analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus target price of $119.50.

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.