The Descartes Systems Group Inc. (NASDAQ:DSGX) Stake Increased by BNP Paribas Financial Markets

BNP Paribas Financial Markets increased its position in The Descartes Systems Group Inc. (NASDAQ:DSGX - Free Report) TSE: DSG by 107.0% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 18,613 shares of the technology company's stock after acquiring an additional 9,620 shares during the period. BNP Paribas Financial Markets' holdings in The Descartes Systems Group were worth $2,114,000 at the end of the most recent reporting period.

Several other hedge funds have also recently bought and sold shares of DSGX. Vanguard Group Inc. increased its stake in shares of The Descartes Systems Group by 1.7% in the fourth quarter. Vanguard Group Inc. now owns 3,299,323 shares of the technology company's stock valued at $375,047,000 after purchasing an additional 54,341 shares during the period. T. Rowe Price Investment Management Inc. grew its holdings in The Descartes Systems Group by 6.1% in the 4th quarter. T. Rowe Price Investment Management Inc. now owns 1,766,861 shares of the technology company's stock worth $200,716,000 after buying an additional 101,290 shares in the last quarter. Franklin Resources Inc. increased its position in The Descartes Systems Group by 23.9% in the 4th quarter. Franklin Resources Inc. now owns 1,694,589 shares of the technology company's stock valued at $192,502,000 after acquiring an additional 326,643 shares during the period. Arrowstreet Capital Limited Partnership increased its position in The Descartes Systems Group by 114.4% in the 4th quarter. Arrowstreet Capital Limited Partnership now owns 1,199,377 shares of the technology company's stock valued at $136,175,000 after acquiring an additional 639,848 shares during the period. Finally, Norges Bank bought a new stake in The Descartes Systems Group during the 4th quarter valued at $126,918,000. 77.73% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

DSGX has been the subject of several recent analyst reports. BMO Capital Markets decreased their price target on 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. Scotiabank upped their price objective on shares of The Descartes Systems Group from $125.00 to $127.00 and gave the stock a "sector outperform" rating in a report on Wednesday, March 26th. StockNews.com lowered shares of The Descartes Systems Group from a "buy" rating to a "hold" rating in a research report on Thursday, February 6th. Barclays lowered 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 note on Thursday, March 6th. Finally, Royal Bank of Canada reaffirmed an "outperform" rating and issued a $130.00 price target on shares of The Descartes Systems Group in a research note on Friday, March 28th. Four 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 company. According to data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average price target of $122.18.

The Descartes Systems Group Stock Performance

NASDAQ DSGX traded down $0.14 on Thursday, reaching $113.34. The company's stock had a trading volume of 38,241 shares, compared to its average volume of 207,887. The Descartes Systems Group Inc. has a twelve month low of $89.00 and a twelve month high of $124.31. The firm's 50 day moving average is $104.24 and its two-hundred day moving average is $110.67. The stock has a market cap of $9.70 billion, a PE ratio of 71.28 and a beta of 0.88.

The Descartes Systems Group (NASDAQ:DSGX - Get Free Report) TSE: DSG last released its earnings results on Wednesday, March 5th. The technology company reported $0.43 EPS for the quarter, hitting analysts' consensus estimates of $0.43. The business had revenue of $167.50 million for the quarter, compared to the consensus estimate of $169.97 million. The Descartes Systems Group had a net margin of 21.80% and a return on equity of 10.65%. Equities research analysts anticipate that The Descartes Systems Group Inc. will post 1.64 EPS for the current fiscal 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.