The Descartes Systems Group Inc. (NASDAQ:DSGX) Shares Sold by Swiss National Bank

Swiss National Bank decreased its position in shares of The Descartes Systems Group Inc. (NASDAQ:DSGX - Free Report) TSE: DSG by 1.9% in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 243,424 shares of the technology company's stock after selling 4,800 shares during the period. Swiss National Bank owned 0.28% of The Descartes Systems Group worth $24,524,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the company. Mackenzie Financial Corp raised its holdings in shares of The Descartes Systems Group by 130.4% in the fourth quarter. Mackenzie Financial Corp now owns 4,947,789 shares of the technology company's stock worth $561,827,000 after buying an additional 2,800,492 shares during the last quarter. Vanguard Group Inc. raised its holdings in shares of The Descartes Systems Group by 1.4% in the first quarter. Vanguard Group Inc. now owns 3,345,692 shares of the technology company's stock worth $336,814,000 after buying an additional 46,369 shares during the last quarter. Fiera Capital Corp raised its holdings in shares of The Descartes Systems Group by 8.0% during the first quarter. Fiera Capital Corp now owns 2,745,848 shares of the technology company's stock worth $276,705,000 after purchasing an additional 202,973 shares during the last quarter. T. Rowe Price Investment Management Inc. raised its holdings in shares of The Descartes Systems Group by 6.1% during the fourth quarter. T. Rowe Price Investment Management Inc. now owns 1,766,861 shares of the technology company's stock worth $200,716,000 after purchasing an additional 101,290 shares during the last quarter. Finally, Geneva Capital Management LLC raised its holdings in shares of The Descartes Systems Group by 0.6% during the first quarter. Geneva Capital Management LLC now owns 1,467,921 shares of the technology company's stock worth $148,011,000 after purchasing an additional 8,793 shares during the last quarter. Hedge funds and other institutional investors own 77.73% of the company's stock.

Analyst Ratings Changes

DSGX has been the subject of several recent research reports. Wall Street Zen cut shares of The Descartes Systems Group from a "hold" rating to a "sell" rating in a report on Saturday, August 2nd. Morgan Stanley initiated coverage on shares of The Descartes Systems Group in a report on Monday, July 14th. They set an "equal weight" rating and a $110.00 target price for the company. Royal Bank Of Canada reduced their target price on shares of The Descartes Systems Group from $130.00 to $126.00 and set an "outperform" rating for the company in a report on Thursday, June 5th. Finally, Barclays reduced their target price on shares of The Descartes Systems Group from $118.00 to $108.00 and set an "equal weight" rating for the company in a report on Thursday, June 5th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating, eight have issued a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $122.18.

The Descartes Systems Group Stock Up 0.4%

Shares of NASDAQ DSGX traded up $0.38 during trading on Friday, hitting $98.22. The company had a trading volume of 305,861 shares, compared to its average volume of 464,594. The stock has a fifty day simple moving average of $102.39 and a two-hundred day simple moving average of $105.86. The Descartes Systems Group Inc. has a fifty-two week low of $92.00 and a fifty-two week high of $124.31. The firm has a market capitalization of $8.44 billion, a price-to-earnings ratio of 59.17 and a beta of 0.81.

The Descartes Systems Group (NASDAQ:DSGX - Get Free Report) TSE: DSG last announced its earnings results on Wednesday, June 4th. The technology company reported $0.41 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.46 by ($0.05). The Descartes Systems Group had a net margin of 21.67% and a return on equity of 10.53%. The company had revenue of $168.74 million during the quarter, compared to analyst estimates of $169.60 million. During the same quarter last year, the business earned $0.40 EPS. The firm's revenue for the quarter was up 11.5% compared to the same quarter last year. On average, analysts anticipate that The Descartes Systems Group Inc. will post 1.64 earnings per share for the current year.

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.