Ensign Peak Advisors Inc Grows Stake in The Descartes Systems Group Inc. (NASDAQ:DSGX)

Ensign Peak Advisors Inc raised its position in shares of The Descartes Systems Group Inc. (NASDAQ:DSGX - Free Report) TSE: DSG by 53.0% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 76,473 shares of the technology company's stock after acquiring an additional 26,476 shares during the quarter. Ensign Peak Advisors Inc owned approximately 0.09% of The Descartes Systems Group worth $8,687,000 at the end of the most recent quarter.

Several other large investors have also bought and sold shares of DSGX. Mather Group LLC. lifted 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 acquiring an additional 181 shares in the last quarter. GeoWealth Management LLC increased its stake in shares of The Descartes Systems Group by 63.2% in the 4th quarter. GeoWealth Management LLC now owns 341 shares of the technology company's stock worth $39,000 after purchasing an additional 132 shares in the last quarter. SBI Securities Co. Ltd. bought a new position in The Descartes Systems Group in the 4th quarter worth $43,000. Trust Co. of Vermont bought a new position in The Descartes Systems Group in the 4th quarter worth $54,000. Finally, Mitsubishi UFJ Trust & Banking Corp bought a new position in The Descartes Systems Group in the 4th quarter worth $57,000. 77.73% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of research analysts recently commented on DSGX shares. StockNews.com downgraded shares of The Descartes Systems Group from a "buy" rating to a "hold" rating in a report on Thursday, February 6th. Stephens reduced their price objective on shares of The Descartes Systems Group from $137.00 to $125.00 and set an "overweight" rating on the stock in a research report on Wednesday, April 9th. Barclays reduced their price objective on shares of The Descartes Systems Group from $125.00 to $118.00 and set an "equal weight" rating on the stock in a research report on Thursday, March 6th. Scotiabank increased 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. Finally, Royal Bank of Canada reissued an "outperform" rating and issued 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 assigned a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, The Descartes Systems Group currently has a consensus rating of "Moderate Buy" and a consensus target price of $122.18.

The Descartes Systems Group Stock Up 0.7%

DSGX stock traded up $0.74 during trading on Friday, hitting $113.50. 257,522 shares of the company's stock traded hands, compared to its average volume of 207,643. The firm has a market capitalization of $9.72 billion, a P/E ratio of 71.38 and a beta of 0.88. The Descartes Systems Group Inc. has a 1 year low of $89.00 and a 1 year high of $124.31. The business has a fifty day simple moving average of $103.37 and a two-hundred day simple moving average of $110.59.

The Descartes Systems Group (NASDAQ:DSGX - Get Free Report) TSE: DSG last issued its quarterly earnings data on Wednesday, March 5th. The technology company reported $0.43 EPS for the quarter, hitting analysts' consensus estimates of $0.43. The company had revenue of $167.50 million during the quarter, compared to the consensus estimate 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 research analysts predict that The Descartes Systems Group Inc. will post 1.64 EPS for the current fiscal year.

About The Descartes Systems Group

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.