Legal & General Group Plc Has $27.92 Million Holdings in The Descartes Systems Group Inc. (NASDAQ:DSGX)

Legal & General Group Plc decreased its stake in shares of The Descartes Systems Group Inc. (NASDAQ:DSGX - Free Report) TSE: DSG by 39.0% during the 4th quarter, according to the company in its most recent filing with the SEC. The firm owned 245,779 shares of the technology company's stock after selling 156,897 shares during the quarter. Legal & General Group Plc owned 0.29% of The Descartes Systems Group worth $27,924,000 as of its most recent filing with the SEC.

Other large investors have also made changes to their positions in the company. SBI Securities Co. Ltd. bought a new position in The Descartes Systems Group during the fourth quarter valued at about $43,000. Jane Street Group LLC grew its holdings 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 purchasing an additional 2,250 shares in the last quarter. Barclays PLC increased its position in shares of The Descartes Systems Group by 2.8% during the third quarter. Barclays PLC now owns 10,008 shares of the technology company's stock valued at $1,031,000 after purchasing an additional 270 shares during the period. Canoe Financial LP acquired a new position in shares of The Descartes Systems Group in the fourth quarter valued at $7,939,000. Finally, Geode Capital Management LLC raised its stake in shares of The Descartes Systems Group by 23.0% in the fourth quarter. Geode Capital Management LLC now owns 590,010 shares of the technology company's stock valued at $67,934,000 after purchasing an additional 110,329 shares in the last quarter. Institutional investors and hedge funds own 77.73% of the company's stock.

Analyst Ratings Changes

Several brokerages have recently weighed in on DSGX. CIBC decreased 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 report on Thursday, March 6th. BMO Capital Markets cut their price target on shares of The Descartes Systems Group from $120.00 to $113.00 and set a "market perform" rating for the company in a research note on Thursday, March 6th. Barclays lowered their price objective on 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. Stephens cut their target price on The Descartes Systems Group from $137.00 to $125.00 and set an "overweight" rating for the company in a research report on Wednesday, April 9th. Finally, Scotiabank upped their price target on The Descartes Systems Group from $125.00 to $127.00 and gave the company a "sector outperform" rating in a research report on Wednesday, March 26th. Five analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $119.50.

The Descartes Systems Group Stock Down 0.8 %

NASDAQ DSGX traded down $0.78 during trading on Friday, reaching $102.32. 135,800 shares of the stock traded hands, compared to its average volume of 208,018. The Descartes Systems Group Inc. has a fifty-two week low of $89.00 and a fifty-two week high of $124.31. The firm has a market cap of $8.76 billion, a price-to-earnings ratio of 64.35 and a beta of 0.97. The stock's 50-day moving average price is $104.73 and its 200 day moving average price is $110.12.

The Descartes Systems Group (NASDAQ:DSGX - Get Free Report) TSE: DSG last announced its quarterly earnings results on Wednesday, March 5th. The technology company reported $0.43 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.43. The company had revenue of $167.50 million during 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%. Analysts anticipate 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.