First Trust Advisors LP Has $1.64 Million Position in The Descartes Systems Group Inc. (NASDAQ:DSGX)

First Trust Advisors LP raised its holdings in The Descartes Systems Group Inc. (NASDAQ:DSGX - Free Report) TSE: DSG by 24.4% in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 14,389 shares of the technology company's stock after buying an additional 2,820 shares during the period. First Trust Advisors LP's holdings in The Descartes Systems Group were worth $1,635,000 as of its most recent SEC filing.

Several other institutional investors have also modified their holdings of the business. Freedom Investment Management Inc. purchased a new stake in The Descartes Systems Group during the fourth quarter worth approximately $255,000. 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 in the last quarter. NewEdge Advisors LLC boosted its holdings in shares of The Descartes Systems Group by 10.9% in the 4th quarter. NewEdge Advisors LLC now owns 3,427 shares of the technology company's stock valued at $389,000 after buying an additional 336 shares in the last quarter. EAM Global Investors LLC purchased a new position in shares of The Descartes Systems Group in the 4th quarter valued at $2,953,000. Finally, EAM Investors LLC purchased a new stake in The Descartes Systems Group in the fourth quarter valued at $1,239,000. Institutional investors and hedge funds own 77.73% of the company's stock.

Analyst Ratings Changes

A number of analysts have recently commented on the company. Royal Bank of Canada reiterated an "outperform" rating and set a $130.00 target price on shares of The Descartes Systems Group in a research report on Friday, March 28th. BMO Capital Markets cut 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 report on Thursday, March 6th. Barclays dropped their price target on 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. CIBC cut their price objective on shares of The Descartes Systems Group from $128.00 to $127.00 and set an "outperform" rating for the company in a research report on Thursday, March 6th. Finally, StockNews.com downgraded shares of The Descartes Systems Group from a "buy" rating to a "hold" rating in a research report on Thursday, February 6th. Five 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 company. According to MarketBeat.com, The Descartes Systems Group presently has a consensus rating of "Moderate Buy" and a consensus target price of $119.50.

The Descartes Systems Group Price Performance

Shares of NASDAQ DSGX traded down $1.25 during mid-day trading on Friday, hitting $107.46. The company's stock had a trading volume of 230,372 shares, compared to its average volume of 204,012. The company's fifty day simple moving average is $102.20 and its 200-day simple moving average is $110.25. The Descartes Systems Group Inc. has a one year low of $89.00 and a one year high of $124.31. The stock has a market cap of $9.20 billion, a price-to-earnings ratio of 67.58 and a beta of 0.88.

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 EPS for the quarter, hitting analysts' consensus estimates 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. On average, sell-side analysts predict that The Descartes Systems Group Inc. will post 1.64 EPS for the current year.

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.