Vanguard Group Inc. Has $375.05 Million Holdings in The Descartes Systems Group Inc. (NASDAQ:DSGX)

Vanguard Group Inc. boosted its position in The Descartes Systems Group Inc. (NASDAQ:DSGX) (TSE:DSG) by 1.7% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 3,299,323 shares of the technology company’s stock after purchasing an additional 54,341 shares during the period. Vanguard Group Inc. owned 3.86% of The Descartes Systems Group worth $375,047,000 at the end of the most recent quarter.

Other large investors have also recently bought and sold shares of the company. Mather Group LLC. increased its stake in shares of The Descartes Systems Group by 301.7% in the fourth quarter. Mather Group LLC. now owns 241 shares of the technology company’s stock valued at $27,000 after buying an additional 181 shares during the period. SBI Securities Co. Ltd. acquired a new position in shares of The Descartes Systems Group during the fourth quarter worth $43,000. Trust Co. of Vermont bought a new stake in shares of The Descartes Systems Group in the fourth quarter worth $54,000. GAMMA Investing LLC lifted its holdings in The Descartes Systems Group by 4,950.0% during the 4th quarter. GAMMA Investing LLC now owns 505 shares of the technology company’s stock worth $57,000 after buying an additional 495 shares during the period. Finally, Allworth Financial LP grew its position in shares of The Descartes Systems Group by 39.8% in the 4th quarter. Allworth Financial LP now owns 639 shares of the technology company’s stock valued at $77,000 after buying an additional 182 shares during the last quarter. 77.73% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

DSGX has been the topic of a number of recent analyst reports. Royal Bank of Canada reaffirmed an “outperform” rating and issued a $130.00 price objective on shares of The Descartes Systems Group in a research note on Friday, March 28th. Stephens decreased their price objective on shares of The Descartes Systems Group from $145.00 to $137.00 and set an “overweight” rating for the company in a research report on Thursday, March 6th. Barclays dropped 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 report on Thursday, March 6th. CIBC lowered their price objective on The Descartes Systems Group from $128.00 to $127.00 and set an “outperform” rating for the company in a research report on Thursday, March 6th. Finally, BMO Capital Markets cut their target price 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. Five investment 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 stock. According to data from MarketBeat, The Descartes Systems Group currently has an average rating of “Moderate Buy” and an average target price of $120.50.

The Descartes Systems Group Stock Performance

Shares of DSGX opened at $104.01 on Thursday. The Descartes Systems Group Inc. has a 52 week low of $87.20 and a 52 week high of $124.31. The stock has a 50 day moving average price of $109.40 and a two-hundred day moving average price of $110.42. The firm has a market capitalization of $8.90 billion, a P/E ratio of 65.42 and a beta of 0.99.

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