AEGON ASSET MANAGEMENT UK Plc Sells 53,995 Shares of The Descartes Systems Group Inc. (NASDAQ:DSGX)

AEGON ASSET MANAGEMENT UK Plc cut its holdings in The Descartes Systems Group Inc. (NASDAQ:DSGX - Free Report) TSE: DSG by 30.5% during the 1st quarter, according to its most recent disclosure with the SEC. The institutional investor owned 122,964 shares of the technology company's stock after selling 53,995 shares during the period. AEGON ASSET MANAGEMENT UK Plc owned approximately 0.14% of The Descartes Systems Group worth $12,223,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also modified their holdings of the business. SBI Securities Co. Ltd. acquired a new position in The Descartes Systems Group during the 4th quarter worth approximately $43,000. Geode Capital Management LLC boosted its position in shares of The Descartes Systems Group by 23.0% during the 4th quarter. Geode Capital Management LLC now owns 590,010 shares of the technology company's stock valued at $67,934,000 after purchasing an additional 110,329 shares in the last quarter. Stephens Investment Management Group LLC boosted its holdings in shares of The Descartes Systems Group by 9.5% during the 4th quarter. Stephens Investment Management Group LLC now owns 209,176 shares of the technology company's stock worth $23,762,000 after buying an additional 18,233 shares in the last quarter. Wellington Management Group LLP boosted its position in shares of The Descartes Systems Group by 5.8% during the 4th quarter. Wellington Management Group LLP now owns 7,957 shares of the technology company's stock worth $904,000 after purchasing an additional 438 shares in the last quarter. Finally, Entropy Technologies LP bought a new position in The Descartes Systems Group in the fourth quarter worth approximately $409,000. 77.73% of the stock is currently owned by institutional investors and hedge funds.

The Descartes Systems Group Stock Performance

DSGX stock traded up $0.65 during mid-day trading on Friday, hitting $102.25. The company had a trading volume of 657,253 shares, compared to its average volume of 218,074. The firm has a market cap of $8.75 billion, a PE ratio of 64.31 and a beta of 0.87. The Descartes Systems Group Inc. has a 12 month low of $90.61 and a 12 month high of $124.31. The stock's fifty day moving average price is $106.95 and its two-hundred day moving average price is $110.65.

The Descartes Systems Group (NASDAQ:DSGX - Get Free Report) TSE: DSG last posted its quarterly earnings results on Wednesday, June 4th. The technology company reported $0.41 EPS for the quarter, missing analysts' consensus estimates of $0.46 by ($0.05). The Descartes Systems Group had a return on equity of 10.65% and a net margin of 21.80%. The company had revenue of $168.74 million during the quarter, compared to the consensus estimate of $169.60 million. During the same period last year, the firm posted $0.40 EPS. The company's revenue for the quarter was up 11.5% compared to the same quarter last year. Equities analysts anticipate that The Descartes Systems Group Inc. will post 1.64 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of research analysts have recently weighed in on DSGX shares. Stephens dropped their target price on The Descartes Systems Group from $137.00 to $125.00 and set an "overweight" rating on the stock in a report on Wednesday, April 9th. BMO Capital Markets dropped their price objective 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. Barclays dropped their price objective on The Descartes Systems Group from $118.00 to $108.00 and set an "equal weight" rating on the stock in a research note on Thursday. CIBC dropped their price target on shares of The Descartes Systems Group from $128.00 to $127.00 and set an "outperform" rating on the stock in a research report on Thursday, March 6th. Finally, Royal Bank of Canada dropped their price target on shares of The Descartes Systems Group from $130.00 to $126.00 and set an "outperform" rating on the stock in a research report on Thursday. Three 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 stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $123.40.

The Descartes Systems Group 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.