DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main increased its position in shares of The Descartes Systems Group Inc. (NASDAQ:DSGX - Free Report) TSE: DSG by 17.9% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 58,949 shares of the technology company's stock after acquiring an additional 8,931 shares during the quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main owned about 0.07% of The Descartes Systems Group worth $6,697,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors have also bought and sold shares of the company. Cetera Investment Advisers raised its holdings in shares of The Descartes Systems Group by 14.9% in the fourth quarter. Cetera Investment Advisers now owns 4,454 shares of the technology company's stock valued at $506,000 after purchasing an additional 576 shares during the last quarter. Balyasny Asset Management L.P. acquired a new position in The Descartes Systems Group during the fourth quarter worth $973,000. Bank of America Corp DE increased its holdings in The Descartes Systems Group by 25.4% during the fourth quarter. Bank of America Corp DE now owns 284,790 shares of the technology company's stock worth $32,352,000 after buying an additional 57,720 shares during the last quarter. BNP Paribas Financial Markets increased its holdings in The Descartes Systems Group by 107.0% during the fourth quarter. BNP Paribas Financial Markets now owns 18,613 shares of the technology company's stock worth $2,114,000 after buying an additional 9,620 shares during the last quarter. Finally, Jane Street Group LLC increased its holdings in The Descartes Systems Group by 332.7% during the fourth quarter. Jane Street Group LLC now owns 57,512 shares of the technology company's stock worth $6,533,000 after buying an additional 44,222 shares during the last quarter. Institutional investors own 77.73% of the company's stock.
The Descartes Systems Group Stock Up 0.3%
Shares of DSGX stock traded up $0.39 during trading hours on Thursday, hitting $112.88. 90,749 shares of the company's stock traded hands, compared to its average volume of 206,515. The Descartes Systems Group Inc. has a 12-month low of $89.00 and a 12-month high of $124.31. The stock's fifty day simple moving average is $102.73 and its two-hundred day simple moving average is $110.42. The stock has a market cap of $9.66 billion, a price-to-earnings ratio of 71.02 and a beta of 0.88.
The Descartes Systems Group (NASDAQ:DSGX - Get Free Report) TSE: DSG last issued its earnings results on Wednesday, March 5th. The technology company reported $0.43 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.43. The company had revenue of $167.50 million for the quarter, compared to analysts' expectations of $169.97 million. The Descartes Systems Group had a net margin of 21.80% and a return on equity of 10.65%. On average, equities analysts forecast that The Descartes Systems Group Inc. will post 1.64 earnings per share for the current fiscal year.
Analyst Ratings Changes
DSGX has been the subject of a number of recent research reports. Barclays reduced 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 report on Thursday, March 6th. Scotiabank upped their price objective 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. Stephens cut their price objective on shares of The Descartes Systems Group from $137.00 to $125.00 and set an "overweight" rating for the company in a research report on Wednesday, April 9th. CIBC cut their price objective on shares of The Descartes Systems Group from $128.00 to $127.00 and set an "outperform" rating for the company in a research report on Thursday, March 6th. Finally, Royal Bank of Canada reaffirmed an "outperform" rating and set a $130.00 price objective on shares of The Descartes Systems Group in a research report on Friday, March 28th. Four analysts have rated the stock with a hold rating, eight have issued a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat, The Descartes Systems Group has a consensus rating of "Moderate Buy" and an average price target of $122.18.
Check Out Our Latest Analysis on DSGX
The Descartes Systems Group Profile
(
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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