National Bank of Canada FI Purchases 31,621 Shares of The Descartes Systems Group Inc. (NASDAQ:DSGX)

National Bank of Canada FI boosted its position in shares of The Descartes Systems Group Inc. (NASDAQ:DSGX) (TSE:DSG) by 4.5% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 730,778 shares of the technology company’s stock after acquiring an additional 31,621 shares during the quarter. National Bank of Canada FI owned 0.85% of The Descartes Systems Group worth $83,155,000 at the end of the most recent reporting period.

A number of other large investors have also recently added to or reduced their stakes in DSGX. Franklin Resources Inc. increased its holdings in shares of The Descartes Systems Group by 23.9% during the 4th quarter. Franklin Resources Inc. now owns 1,694,589 shares of the technology company’s stock worth $192,502,000 after acquiring an additional 326,643 shares during the last quarter. Wellington Management Group LLP raised its position in shares of The Descartes Systems Group by 5.8% in the fourth quarter. Wellington Management Group LLP now owns 7,957 shares of the technology company’s stock valued at $904,000 after purchasing an additional 438 shares during the period. O Shaughnessy Asset Management LLC lifted its stake in shares of The Descartes Systems Group by 27.7% during the 4th quarter. O Shaughnessy Asset Management LLC now owns 20,232 shares of the technology company’s stock worth $2,298,000 after buying an additional 4,383 shares during the last quarter. CIBC Private Wealth Group LLC boosted its holdings in shares of The Descartes Systems Group by 35.5% during the 4th quarter. CIBC Private Wealth Group LLC now owns 2,739 shares of the technology company’s stock worth $310,000 after buying an additional 717 shares during the period. Finally, Arrowstreet Capital Limited Partnership grew its stake 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 buying an additional 639,848 shares during the last quarter. Institutional investors and hedge funds own 77.73% of the company’s stock.

The Descartes Systems Group Stock Up 1.0 %

NASDAQ:DSGX opened at $101.87 on Wednesday. The firm has a market capitalization of $8.72 billion, a P/E ratio of 64.07 and a beta of 0.99. The Descartes Systems Group Inc. has a twelve month low of $87.20 and a twelve month high of $124.31. The company has a fifty day moving average of $110.06 and a 200-day moving average of $110.44.

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

Analysts Set New Price Targets

A number of research firms recently commented on DSGX. 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. CIBC cut their price target on The Descartes Systems Group from $128.00 to $127.00 and set an “outperform” rating for the company in a research note on Thursday, March 6th. Barclays lowered their price objective on 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. Scotiabank lifted their price objective on The Descartes Systems Group from $125.00 to $127.00 and gave the company a “sector outperform” rating in a report on Wednesday, March 26th. Finally, TD Securities increased their target price on The Descartes Systems Group from $115.00 to $135.00 and gave the stock a “buy” rating in a report on Wednesday, December 4th. Five 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. According to data from MarketBeat, The Descartes Systems Group currently has an average rating of “Moderate Buy” and a consensus price target of $120.50.

About The Descartes Systems Group

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.