Two Sigma Investments LP raised its holdings in The Descartes Systems Group Inc. (NASDAQ:DSGX - Free Report) TSE: DSG by 33.5% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 171,713 shares of the technology company's stock after acquiring an additional 43,092 shares during the quarter. Two Sigma Investments LP owned 0.20% of The Descartes Systems Group worth $19,507,000 as of its most recent filing with the Securities and Exchange Commission.
Other large investors also recently made changes to their positions in the company. Toronto Dominion Bank raised its holdings in shares of The Descartes Systems Group by 1.5% in the 4th quarter. Toronto Dominion Bank now owns 110,600 shares of the technology company's stock worth $12,558,000 after purchasing an additional 1,611 shares in the last quarter. Shell Asset Management Co. grew its position in The Descartes Systems Group by 1.8% in the fourth quarter. Shell Asset Management Co. now owns 9,714 shares of the technology company's stock worth $1,104,000 after buying an additional 172 shares during the last quarter. Silvercrest Asset Management Group LLC increased its holdings in shares of The Descartes Systems Group by 1.4% in the fourth quarter. Silvercrest Asset Management Group LLC now owns 31,836 shares of the technology company's stock valued at $3,617,000 after buying an additional 449 shares in the last quarter. Point72 Asset Management L.P. bought a new position in shares of The Descartes Systems Group in the fourth quarter valued at $638,000. Finally, Praesidium Investment Management Company LLC acquired a new stake in shares of The Descartes Systems Group during the 4th quarter valued at $54,724,000. Institutional investors own 77.73% of the company's stock.
The Descartes Systems Group Price Performance
NASDAQ DSGX opened at $114.20 on Friday. The firm has a market capitalization of $9.78 billion, a price-to-earnings ratio of 71.82 and a beta of 0.88. The company has a 50 day simple moving average of $104.52 and a 200-day simple moving average of $110.72. The Descartes Systems Group Inc. has a 52-week low of $89.00 and a 52-week high of $124.31.
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, meeting the consensus estimate of $0.43. The firm had revenue of $167.50 million for the quarter, compared to analyst estimates of $169.97 million. The Descartes Systems Group had a net margin of 21.80% and a return on equity of 10.65%. On average, analysts predict that The Descartes Systems Group Inc. will post 1.64 EPS for the current year.
Wall Street Analysts Forecast Growth
DSGX has been the topic of a number of recent research reports. Royal Bank of Canada restated an "outperform" rating and issued a $130.00 target price on shares of The Descartes Systems Group in a report on Friday, March 28th. Scotiabank lifted their price target on The Descartes Systems Group from $125.00 to $127.00 and gave the stock a "sector outperform" rating in a research note on Wednesday, March 26th. CIBC cut their price objective 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. BMO Capital Markets decreased their target price on shares of The Descartes Systems Group from $120.00 to $113.00 and set a "market perform" rating for the company in a report on Thursday, March 6th. Finally, Barclays dropped 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 report on Thursday, March 6th. Four equities research analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $122.18.
Read Our Latest Stock Analysis on DSGX
The Descartes Systems Group Company Profile
(
Free Report)
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.
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