Thematics Asset Management Trims Stake in The Descartes Systems Group Inc. (NASDAQ:DSGX)

Thematics Asset Management decreased its holdings in shares of The Descartes Systems Group Inc. (NASDAQ:DSGX - Free Report) TSE: DSG by 13.3% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 55,481 shares of the technology company's stock after selling 8,542 shares during the period. Thematics Asset Management owned 0.06% of The Descartes Systems Group worth $6,303,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of the business. Mather Group LLC. raised its holdings in shares of The Descartes Systems Group by 301.7% during the fourth quarter. Mather Group LLC. now owns 241 shares of the technology company's stock valued at $27,000 after acquiring an additional 181 shares in the last quarter. GeoWealth Management LLC boosted its stake in shares of The Descartes Systems Group by 63.2% during the 4th quarter. GeoWealth Management LLC now owns 341 shares of the technology company's stock valued at $39,000 after purchasing an additional 132 shares in the last quarter. SBI Securities Co. Ltd. purchased a new position in shares of The Descartes Systems Group during the fourth quarter valued at about $43,000. Trust Co. of Vermont bought a new position in The Descartes Systems Group in the fourth quarter worth about $54,000. Finally, Mitsubishi UFJ Trust & Banking Corp bought a new position in The Descartes Systems Group in the fourth quarter worth about $57,000. Hedge funds and other institutional investors own 77.73% of the company's stock.

Wall Street Analyst Weigh In

Several research analysts have recently issued reports on DSGX shares. Royal Bank of Canada reissued an "outperform" rating and issued a $130.00 target price on shares of The Descartes Systems Group in a research report on Friday, March 28th. BMO Capital Markets dropped their target price on shares of The Descartes Systems Group from $120.00 to $113.00 and set a "market perform" rating on the stock in a report on Thursday, March 6th. Barclays decreased their price target on shares of The Descartes Systems Group from $125.00 to $118.00 and set an "equal weight" rating for the company in a research note on Thursday, March 6th. StockNews.com cut shares of The Descartes Systems Group from a "buy" rating to a "hold" rating in a research report on Thursday, February 6th. Finally, 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. Five equities research analysts have rated the stock with a hold rating, eight have issued a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus price target of $119.50.

The Descartes Systems Group Stock Performance

Shares of DSGX traded down $0.07 during mid-day trading on Friday, hitting $105.63. 58,029 shares of the company traded hands, compared to its average volume of 204,459. The Descartes Systems Group Inc. has a 1 year low of $89.00 and a 1 year high of $124.31. The stock has a 50-day moving average price of $103.32 and a two-hundred day moving average price of $110.16. The stock has a market cap of $9.04 billion, a price-to-earnings ratio of 66.43 and a beta of 0.97.

The Descartes Systems Group (NASDAQ:DSGX - Get Free Report) TSE: DSG last released its quarterly earnings results on Wednesday, March 5th. The technology company reported $0.43 earnings per share for the quarter, meeting the consensus estimate of $0.43. The Descartes Systems Group had a return on equity of 10.65% and a net margin of 21.80%. The firm had revenue of $167.50 million for the quarter, compared to analysts' expectations of $169.97 million. On average, analysts forecast that The Descartes Systems Group Inc. will post 1.64 EPS for the current 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.