Moody National Bank Trust Division Takes Position in The Descartes Systems Group Inc. (NASDAQ:DSGX)

Moody National Bank Trust Division acquired a new position in The Descartes Systems Group Inc. (NASDAQ:DSGX - Free Report) TSE: DSG in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 19,700 shares of the technology company's stock, valued at approximately $1,986,000.

Other institutional investors have also added to or reduced their stakes in the company. Mackenzie Financial Corp grew its position in shares of The Descartes Systems Group by 130.4% during the 4th quarter. Mackenzie Financial Corp now owns 4,947,789 shares of the technology company's stock valued at $561,827,000 after acquiring an additional 2,800,492 shares during the period. Norges Bank bought a new position in shares of The Descartes Systems Group during the 4th quarter valued at approximately $126,918,000. Arrowstreet Capital Limited Partnership boosted its holdings in The Descartes Systems Group by 114.4% in the 4th quarter. Arrowstreet Capital Limited Partnership now owns 1,199,377 shares of the technology company's stock worth $136,175,000 after buying an additional 639,848 shares during the period. Praesidium Investment Management Company LLC bought a new position in The Descartes Systems Group in the 4th quarter worth approximately $54,724,000. Finally, Franklin Resources Inc. boosted its holdings in The Descartes Systems Group by 23.9% in the 4th quarter. Franklin Resources Inc. now owns 1,694,589 shares of the technology company's stock worth $192,502,000 after buying an additional 326,643 shares during the period. 77.73% of the stock is owned by institutional investors.

The Descartes Systems Group Price Performance

DSGX traded up $0.90 during midday trading on Friday, reaching $114.58. 289,378 shares of the company's stock traded hands, compared to its average volume of 208,783. The Descartes Systems Group Inc. has a 52 week low of $89.00 and a 52 week high of $124.31. The firm has a fifty day moving average of $106.13 and a two-hundred day moving average of $110.75. The stock has a market capitalization of $9.81 billion, a price-to-earnings ratio of 72.06 and a beta of 0.88.

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

Analysts Set New Price Targets

Several research firms recently commented on DSGX. Scotiabank raised 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 report on Wednesday, March 26th. Barclays lowered their target price 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 note on Thursday, March 6th. BMO Capital Markets lowered their target price on shares of 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. CIBC lowered their target price on shares of The Descartes Systems Group from $128.00 to $127.00 and set an "outperform" rating on the stock in a research note on Thursday, March 6th. Finally, Royal Bank of Canada reiterated an "outperform" rating and issued a $130.00 target price on shares of The Descartes Systems Group in a research note on Friday, March 28th. Four equities research analysts have rated the stock with a hold rating, eight have issued a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, The Descartes Systems Group has a consensus rating of "Moderate Buy" and an average target price of $122.18.

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.