The Descartes Systems Group Inc. (NASDAQ:DSGX) Shares Bought by Wellington Management Group LLP

Wellington Management Group LLP grew its holdings in The Descartes Systems Group Inc. (NASDAQ:DSGX) (TSE:DSG) by 5.8% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 7,957 shares of the technology company’s stock after acquiring an additional 438 shares during the quarter. Wellington Management Group LLP’s holdings in The Descartes Systems Group were worth $904,000 at the end of the most recent reporting period.

A number of other large investors have also modified their holdings of DSGX. SBI Securities Co. Ltd. acquired a new stake in The Descartes Systems Group in the 4th quarter worth approximately $43,000. Jane Street Group LLC lifted its stake in shares of The Descartes Systems Group by 20.4% during the third quarter. Jane Street Group LLC now owns 13,290 shares of the technology company’s stock worth $1,368,000 after buying an additional 2,250 shares during the period. Barclays PLC grew its holdings in shares of The Descartes Systems Group by 2.8% during the third quarter. Barclays PLC now owns 10,008 shares of the technology company’s stock valued at $1,031,000 after buying an additional 270 shares during the last quarter. Canoe Financial LP acquired a new position in shares of The Descartes Systems Group in the 4th quarter valued at $7,939,000. Finally, Geode Capital Management LLC raised its stake in The Descartes Systems Group by 10.7% in the 3rd quarter. Geode Capital Management LLC now owns 479,681 shares of the technology company’s stock worth $50,277,000 after acquiring an additional 46,523 shares during the last quarter. Hedge funds and other institutional investors own 77.73% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts have weighed in on DSGX shares. Royal Bank of Canada reiterated an “outperform” rating and set a $130.00 price target on shares of The Descartes Systems Group in a research note on Friday, March 28th. 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. Loop Capital assumed coverage on shares of The Descartes Systems Group in a report on Tuesday, December 17th. They issued a “buy” rating and a $140.00 price objective on the stock. CIBC reduced their target price on shares of The Descartes Systems Group from $128.00 to $127.00 and set an “outperform” rating for the company in a report on Thursday, March 6th. Finally, BMO Capital Markets decreased their target price on shares of The Descartes Systems Group from $120.00 to $113.00 and set a “market perform” rating for the company in a research report on Thursday, March 6th. Five research analysts have rated the stock with a hold rating, eight have given a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $119.50.

The Descartes Systems Group Trading Up 1.0 %

NASDAQ DSGX opened at $101.74 on Monday. The Descartes Systems Group Inc. has a twelve month low of $87.20 and a twelve month high of $124.31. The stock has a 50-day moving average of $106.10 and a 200 day moving average of $110.22. The stock has a market capitalization of $8.71 billion, a price-to-earnings ratio of 63.99 and a beta of 0.97.

The Descartes Systems Group (NASDAQ:DSGX) (TSE:DSG) last announced its earnings results on Wednesday, March 5th. The technology company reported $0.43 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates 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 return on equity of 10.65% and a net margin of 21.80%. Equities analysts predict that The Descartes Systems Group Inc. will post 1.64 EPS for the current fiscal year.

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.