Andra AP fonden Acquires Shares of 8,100 The Descartes Systems Group Inc. $DSGX

Andra AP fonden bought a new position in The Descartes Systems Group Inc. (NASDAQ:DSGX) (TSE:DSG) in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm bought 8,100 shares of the technology company’s stock, valued at approximately $823,000.

Other institutional investors also recently modified their holdings of the company. Price T Rowe Associates Inc. MD boosted its holdings in The Descartes Systems Group by 15.1% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 7,134,467 shares of the technology company’s stock worth $719,370,000 after buying an additional 936,718 shares during the period. Granahan Investment Management LLC lifted its position in shares of The Descartes Systems Group by 715.5% during the first quarter. Granahan Investment Management LLC now owns 378,982 shares of the technology company’s stock worth $38,213,000 after acquiring an additional 332,508 shares in the last quarter. Nuveen LLC bought a new position in shares of The Descartes Systems Group in the first quarter worth $21,074,000. Fiera Capital Corp grew its position in shares of The Descartes Systems Group by 8.0% in the first quarter. Fiera Capital Corp now owns 2,745,848 shares of the technology company’s stock valued at $276,705,000 after purchasing an additional 202,973 shares in the last quarter. Finally, T. Rowe Price Investment Management Inc. raised its stake in shares of The Descartes Systems Group by 10.2% during the 1st quarter. T. Rowe Price Investment Management Inc. now owns 1,947,947 shares of the technology company’s stock valued at $196,412,000 after purchasing an additional 181,086 shares during the period. 77.73% of the stock is currently owned by hedge funds and other institutional investors.

The Descartes Systems Group Price Performance

NASDAQ:DSGX opened at $84.36 on Friday. The company has a market capitalization of $7.25 billion, a price-to-earnings ratio of 49.92 and a beta of 0.75. The business has a 50 day moving average of $96.91 and a 200 day moving average of $102.09. The Descartes Systems Group Inc. has a 1-year low of $82.96 and a 1-year high of $124.31.

The Descartes Systems Group (NASDAQ:DSGX) (TSE:DSG) last issued its quarterly earnings results on Wednesday, September 3rd. The technology company reported $0.43 EPS for the quarter, missing analysts’ consensus estimates of $0.49 by ($0.06). The business had revenue of $178.98 million for the quarter, compared to the consensus estimate of $176.51 million. The Descartes Systems Group had a net margin of 21.64% and a return on equity of 10.41%. The firm’s revenue was up 10.0% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.40 earnings per share. As a group, sell-side analysts anticipate that The Descartes Systems Group Inc. will post 1.64 EPS for the current year.

Analyst Upgrades and Downgrades

Several research analysts have commented on DSGX shares. Wall Street Zen raised shares of The Descartes Systems Group from a “sell” rating to a “hold” rating in a report on Friday, September 5th. CIBC lowered their price objective on The Descartes Systems Group from $127.00 to $126.00 and set an “outperform” rating on the stock in a research report on Wednesday, October 29th. TD Cowen reissued a “buy” rating and set a $121.00 price objective on shares of The Descartes Systems Group in a research note on Friday, October 3rd. TD Securities initiated coverage on The Descartes Systems Group in a research note on Friday, October 3rd. They issued a “buy” rating and a $121.00 target price on the stock. Finally, Zacks Research raised The Descartes Systems Group from a “strong sell” rating to a “hold” rating in a report on Tuesday, September 2nd. One research analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating and five have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $121.70.

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.