JPMorgan Chase & Co. Has $14.35 Million Holdings in The Descartes Systems Group Inc. (NASDAQ:DSGX)

JPMorgan Chase & Co. raised its stake in The Descartes Systems Group Inc. (NASDAQ:DSGX - Free Report) TSE: DSG by 100.2% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 126,334 shares of the technology company's stock after purchasing an additional 63,236 shares during the period. JPMorgan Chase & Co. owned approximately 0.15% of The Descartes Systems Group worth $14,352,000 as of its most recent SEC filing.

Several other hedge funds have also made changes to their positions in DSGX. Verition Fund Management LLC bought a new position in shares of The Descartes Systems Group during the 3rd quarter worth approximately $313,000. Quantinno Capital Management LP boosted its position in The Descartes Systems Group by 7.0% in the 3rd quarter. Quantinno Capital Management LP now owns 5,578 shares of the technology company's stock valued at $574,000 after buying an additional 364 shares during the last quarter. Wellington Management Group LLP increased its position in The Descartes Systems Group by 4.8% in the third quarter. Wellington Management Group LLP now owns 7,519 shares of the technology company's stock worth $775,000 after purchasing an additional 347 shares during the period. Jane Street Group LLC grew its position in shares of The Descartes Systems Group by 20.4% during the 3rd quarter. Jane Street Group LLC now owns 13,290 shares of the technology company's stock worth $1,368,000 after buying an additional 2,250 shares during the period. Finally, XTX Topco Ltd bought a new stake in shares of The Descartes Systems Group during the third quarter worth approximately $456,000. Institutional investors own 77.73% of the company's stock.

Wall Street Analyst Weigh In

A number of analysts have commented on DSGX shares. StockNews.com lowered shares of The Descartes Systems Group from a "buy" rating to a "hold" rating in a report on Thursday, February 6th. Stephens decreased their price objective on The Descartes Systems Group from $137.00 to $125.00 and set an "overweight" rating for the company in a research note on Wednesday, April 9th. Scotiabank increased their target price on The Descartes Systems Group from $125.00 to $127.00 and gave the company a "sector outperform" rating in a research note on Wednesday, March 26th. Barclays reduced their target price on The Descartes Systems Group from $125.00 to $118.00 and set an "equal weight" rating on the stock in a report on Thursday, March 6th. Finally, CIBC lowered their price target on The Descartes Systems Group from $128.00 to $127.00 and set an "outperform" rating for the company in a research note on Thursday, March 6th. Five investment analysts have rated the stock with a hold rating, eight have given a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat.com, The Descartes Systems Group presently has an average rating of "Moderate Buy" and an average price target of $119.50.

The Descartes Systems Group Trading Up 0.3 %

Shares of The Descartes Systems Group stock traded up $0.26 during trading on Thursday, reaching $103.36. The stock had a trading volume of 24,247 shares, compared to its average volume of 301,222. The company has a market capitalization of $8.85 billion, a price-to-earnings ratio of 65.01 and a beta of 0.97. The Descartes Systems Group Inc. has a 52 week low of $89.00 and a 52 week high of $124.31. The stock has a fifty day moving average price of $105.14 and a two-hundred day moving average price of $110.12.

The Descartes Systems Group (NASDAQ:DSGX - Get Free Report) TSE: DSG last issued its quarterly earnings results 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 net margin of 21.80% and a return on equity of 10.65%. The company had revenue of $167.50 million during the quarter, compared to analysts' expectations of $169.97 million. On average, equities analysts forecast that The Descartes Systems Group Inc. will post 1.64 EPS for the current fiscal year.

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.