Man Group plc Has $16.25 Million Holdings in The Descartes Systems Group Inc. (NASDAQ:DSGX)

Man Group plc grew its position in The Descartes Systems Group Inc. (NASDAQ:DSGX - Free Report) TSE: DSG by 13.6% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 143,042 shares of the technology company's stock after purchasing an additional 17,091 shares during the period. Man Group plc owned approximately 0.17% of The Descartes Systems Group worth $16,252,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently modified their holdings of DSGX. Mather Group LLC. grew its holdings in shares of 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 boosted its holdings 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 valued at $39,000 after buying an additional 132 shares during the last quarter. SBI Securities Co. Ltd. bought a new position in shares of The Descartes Systems Group in the fourth quarter valued at $43,000. Trust Co. of Vermont bought a new position in shares of The Descartes Systems Group in the fourth quarter valued at $54,000. Finally, Mitsubishi UFJ Trust & Banking Corp acquired a new position in The Descartes Systems Group during the fourth quarter worth $57,000. 77.73% of the stock is owned by institutional investors and hedge funds.

The Descartes Systems Group Price Performance

DSGX traded down $0.67 on Wednesday, hitting $113.47. 286,614 shares of the stock were exchanged, compared to its average volume of 208,357. The firm has a market capitalization of $9.71 billion, a price-to-earnings ratio of 71.36 and a beta of 0.88. The Descartes Systems Group Inc. has a 12 month low of $89.00 and a 12 month high of $124.31. The business has a 50-day moving average of $103.96 and a two-hundred day moving average of $110.65.

The Descartes Systems Group (NASDAQ:DSGX - Get Free Report) TSE: DSG last announced its quarterly earnings data on Wednesday, March 5th. The technology company reported $0.43 earnings per share (EPS) for the quarter, meeting analysts' consensus estimates of $0.43. The Descartes Systems Group had a net margin of 21.80% and a return on equity of 10.65%. The business had revenue of $167.50 million for the quarter, compared to analysts' expectations of $169.97 million. Equities research analysts expect that The Descartes Systems Group Inc. will post 1.64 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of brokerages have recently commented on DSGX. Stephens decreased 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. StockNews.com downgraded The Descartes Systems Group from a "buy" rating to a "hold" rating in a research report on Thursday, February 6th. Barclays cut their price objective on 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. CIBC decreased their target price on The Descartes Systems Group from $128.00 to $127.00 and set an "outperform" rating on the stock in a report on Thursday, March 6th. Finally, Royal Bank of Canada reaffirmed an "outperform" rating and set a $130.00 price target on shares of The Descartes Systems Group in a report on Friday, March 28th. Four research analysts have rated the stock with a hold rating, eight have issued a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $122.18.

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.