Janus Henderson Group PLC grew its position in shares of The Descartes Systems Group Inc. (NASDAQ:DSGX - Free Report) TSE: DSG by 0.6% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 635,722 shares of the technology company's stock after purchasing an additional 3,554 shares during the quarter. Janus Henderson Group PLC owned approximately 0.74% of The Descartes Systems Group worth $72,228,000 as of its most recent SEC filing.
Other hedge funds have also recently modified their holdings of the company. Vanguard Group Inc. lifted its holdings in shares of The Descartes Systems Group by 1.7% during 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 in the last quarter. T. Rowe Price Investment Management Inc. boosted its stake in shares of The Descartes Systems Group by 6.1% during the fourth quarter. T. Rowe Price Investment Management Inc. now owns 1,766,861 shares of the technology company's stock valued at $200,716,000 after purchasing an additional 101,290 shares during the period. Franklin Resources Inc. raised its stake in shares of The Descartes Systems Group by 23.9% during the fourth 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 in the last quarter. Arrowstreet Capital Limited Partnership lifted its holdings in shares of 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 worth $136,175,000 after buying an additional 639,848 shares during the period. Finally, Norges Bank bought a new stake in shares of The Descartes Systems Group in the 4th quarter valued at about $126,918,000. Hedge funds and other institutional investors own 77.73% of the company's stock.
Wall Street Analysts Forecast Growth
A number of research analysts have recently issued reports on DSGX shares. Barclays cut their price objective 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. StockNews.com downgraded The Descartes Systems Group from a "buy" rating to a "hold" rating in a research note on Thursday, February 6th. Stephens cut their price target 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. Royal Bank of Canada reiterated an "outperform" rating and set a $130.00 price objective on shares of The Descartes Systems Group in a research note on Friday, March 28th. Finally, Scotiabank boosted their target price on 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. Four research analysts have rated the stock with a hold rating, eight have issued a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, The Descartes Systems Group presently has a consensus rating of "Moderate Buy" and a consensus target price of $122.18.
Read Our Latest Stock Report on The Descartes Systems Group
The Descartes Systems Group Stock Performance
NASDAQ DSGX traded down $0.92 during trading on Monday, reaching $112.59. 18,805 shares of the company's stock were exchanged, compared to its average volume of 206,908. The company has a 50 day moving average price of $103.37 and a two-hundred day moving average price of $110.59. The stock has a market cap of $9.64 billion, a P/E ratio of 70.64 and a beta of 0.88. The Descartes Systems Group Inc. has a 1 year low of $89.00 and a 1 year high of $124.31.
The Descartes Systems Group (NASDAQ:DSGX - Get Free Report) TSE: DSG last posted its quarterly earnings results on Wednesday, March 5th. The technology company reported $0.43 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.43. The firm had revenue of $167.50 million during the quarter, compared to analysts' expectations of $169.97 million. The Descartes Systems Group had a net margin of 21.80% and a return on equity of 10.65%. Research analysts forecast that The Descartes Systems Group Inc. will post 1.64 EPS for the current fiscal year.
The Descartes Systems Group Company Profile
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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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