The Manufacturers Life Insurance Company Lowers Stock Holdings in The Descartes Systems Group Inc. (NASDAQ:DSGX)

The Manufacturers Life Insurance Company decreased its position in shares of The Descartes Systems Group Inc. (NASDAQ:DSGX - Free Report) TSE: DSG by 3.3% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 565,671 shares of the technology company's stock after selling 19,159 shares during the quarter. The Manufacturers Life Insurance Company owned 0.66% of The Descartes Systems Group worth $64,387,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in DSGX. Optiver Holding B.V. purchased a new stake in shares of The Descartes Systems Group in the fourth quarter worth about $66,000. Aquatic Capital Management LLC purchased a new position in shares of The Descartes Systems Group during the 4th quarter valued at approximately $932,000. Johnson Financial Group Inc. lifted its stake in shares of The Descartes Systems Group by 830.9% in the 4th quarter. Johnson Financial Group Inc. now owns 875 shares of the technology company's stock valued at $101,000 after purchasing an additional 781 shares during the period. Voya Investment Management LLC acquired a new position in shares of The Descartes Systems Group in the 4th quarter valued at $1,928,000. Finally, T. Rowe Price Investment Management Inc. boosted its holdings in 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 worth $200,716,000 after buying an additional 101,290 shares in the last quarter. Hedge funds and other institutional investors own 77.73% of the company's stock.

Analyst Upgrades and Downgrades

DSGX has been the subject of a number of analyst reports. Stephens decreased their price objective on shares of 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. BMO Capital Markets lowered their price target on The Descartes Systems Group from $120.00 to $113.00 and set a "market perform" 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. CIBC dropped their price target on shares of The Descartes Systems Group from $128.00 to $127.00 and set an "outperform" rating on the stock in a research note on Thursday, March 6th. Finally, Royal Bank of Canada restated an "outperform" rating and set a $130.00 price objective on shares of The Descartes Systems Group in a research report on Friday, March 28th. Five equities 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 company's stock. According to data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $119.50.

The Descartes Systems Group Trading Up 0.8 %

DSGX stock traded up $0.81 during mid-day trading on Monday, reaching $107.91. The company's stock had a trading volume of 54,966 shares, compared to its average volume of 202,445. The company's 50 day moving average is $102.47 and its two-hundred day moving average is $110.26. The stock has a market cap of $9.24 billion, a PE ratio of 67.73 and a beta of 0.88. The Descartes Systems Group Inc. has a fifty-two week low of $89.00 and a fifty-two week high of $124.31.

The Descartes Systems Group (NASDAQ:DSGX - Get Free Report) TSE: DSG last issued its 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 analysts' expectations of $169.97 million. The Descartes Systems Group had a return on equity of 10.65% and a net margin of 21.80%. On average, analysts forecast that The Descartes Systems Group Inc. will post 1.64 earnings per share 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.