99,776 Shares of The Descartes Systems Group Inc. $DSGX Purchased by TD Waterhouse Canada Inc.

Key Points

• TD Waterhouse Canada Inc. acquired 99,776 shares of The Descartes Systems Group, worth approximately $7.995 million and representing about 0.12% of the company.
• Institutional ownership remains high at 77.73%, with several major investors—including Jupiter Topco, Manufacturers Life Insurance, and Wellington Management—building significant positions.
• Analysts maintain a favorable outlook, with a consensus “Moderate Buy” rating and an average price target of $100.33. DSGX recently traded at $87.05, while quarterly revenue rose 11.8% year over year to $198.12 million.

TD Waterhouse Canada Inc. acquired a new stake in shares of The Descartes Systems Group Inc. (NASDAQ:DSGX - Free Report) TSE: DSG in the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor acquired 99,776 shares of the technology company's stock, valued at approximately $7,995,000. TD Waterhouse Canada Inc. owned approximately 0.12% of The Descartes Systems Group at the end of the most recent quarter.

A number of other hedge funds also recently bought and sold shares of the company. Jupiter Topco LLC acquired a new stake in shares of The Descartes Systems Group during the second quarter valued at approximately $181,742,000. The Manufacturers Life Insurance Company acquired a new position in The Descartes Systems Group in the 2nd quarter worth approximately $141,403,000. Wellington Management Group LLP boosted its stake in The Descartes Systems Group by 640.7% in the 2nd quarter. Wellington Management Group LLP now owns 1,363,426 shares of the technology company's stock worth $94,402,000 after purchasing an additional 1,179,345 shares during the period. Connor Clark & Lunn Investment Management Ltd. purchased a new position in The Descartes Systems Group during the 2nd quarter worth approximately $58,755,000. Finally, Primecap Management Co. CA purchased a new position in The Descartes Systems Group during the 2nd quarter worth approximately $50,460,000. 77.73% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several brokerages have issued reports on DSGX. Scotia boosted their target price on shares of The Descartes Systems Group from $95.00 to $98.00 and gave the company a "sector outperform" rating in a research note on Friday, September 11th. National Bank Financial raised their target price on The Descartes Systems Group from $95.00 to $100.00 and gave the stock an "outperform" rating in a research report on Monday, September 14th. Loop Capital reaffirmed a "buy" rating and issued a $96.00 target price on shares of The Descartes Systems Group in a research report on Thursday, October 8th. BMO Capital Markets lifted their price target on The Descartes Systems Group from $82.00 to $90.00 and gave the company a "market perform" rating in a report on Tuesday, October 13th. Finally, Royal Bank Of Canada set a $125.00 price target on The Descartes Systems Group and gave the company an "outperform" rating in a research report on Friday, September 4th. One analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and three have assigned a Hold rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $100.33.

The Descartes Systems Group Stock Performance

Shares of DSGX opened at $87.05 on Monday. The Descartes Systems Group Inc. has a 52 week low of $62.56 and a 52 week high of $97.71. The company has a market capitalization of $7.45 billion, a PE ratio of 40.68 and a beta of 0.65. The company's 50 day moving average price is $79.44 and its 200 day moving average price is $74.55.

The Descartes Systems Group (NASDAQ:DSGX - Get Free Report) TSE: DSG last issued its earnings results on Thursday, September 10th. The technology company reported $0.57 earnings per share (EPS) for the quarter, meeting analysts' consensus estimates of $0.57. The Descartes Systems Group had a net margin of 24.25% and a return on equity of 11.66%. The company had revenue of $198.12 million during the quarter, compared to analyst estimates of $197.54 million. During the same quarter last year, the business posted $0.43 EPS. The company's revenue for the quarter was up 11.8% on a year-over-year basis. On average, equities analysts forecast that The Descartes Systems Group Inc. will post 2.37 earnings per share for the current fiscal year.

The Descartes Systems Group Profile

The Descartes Systems Group Inc is a Canadian technology company that provides cloud-based logistics and supply chain management solutions. Its Global Logistics Network connects manufacturers, retailers, distributors, logistics service providers, carriers, and other trading partners to support the exchange of information and the coordination of shipments.

The company's products and services address a range of transportation and trade-management needs, including transportation management, route planning and optimization, delivery and last-mile management, shipment visibility, freight forwarding, customs and regulatory compliance, electronic data interchange, and telematics.

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