AEGON ASSET MANAGEMENT UK Plc Has $10.62 Million Position in The Descartes Systems Group Inc. $DSGX

AEGON ASSET MANAGEMENT UK Plc lowered its holdings in The Descartes Systems Group Inc. (NASDAQ:DSGX) (TSE:DSG) by 23.8% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 113,237 shares of the technology company’s stock after selling 35,315 shares during the quarter. AEGON ASSET MANAGEMENT UK Plc owned 0.13% of The Descartes Systems Group worth $10,624,000 at the end of the most recent quarter.

Other hedge funds have also recently added to or reduced their stakes in the company. Ritholtz Wealth Management grew its stake in shares of The Descartes Systems Group by 1.7% in the 3rd quarter. Ritholtz Wealth Management now owns 6,654 shares of the technology company’s stock valued at $627,000 after purchasing an additional 114 shares during the period. GAMMA Investing LLC boosted its stake in The Descartes Systems Group by 23.2% in the 2nd quarter. GAMMA Investing LLC now owns 622 shares of the technology company’s stock valued at $63,000 after buying an additional 117 shares in the last quarter. Vista Finance LLC grew its position in The Descartes Systems Group by 4.0% in the second quarter. Vista Finance LLC now owns 3,245 shares of the technology company’s stock valued at $330,000 after acquiring an additional 126 shares during the period. AXA S.A. raised its stake in The Descartes Systems Group by 2.0% during the second quarter. AXA S.A. now owns 6,702 shares of the technology company’s stock worth $681,000 after acquiring an additional 130 shares in the last quarter. Finally, Versant Capital Management Inc raised its stake in The Descartes Systems Group by 24.8% during the third quarter. Versant Capital Management Inc now owns 660 shares of the technology company’s stock worth $62,000 after acquiring an additional 131 shares in the last quarter. Institutional investors and hedge funds own 77.73% of the company’s stock.

The Descartes Systems Group Trading Down 0.2%

The Descartes Systems Group stock opened at $81.72 on Monday. The company has a market cap of $7.03 billion, a PE ratio of 46.17 and a beta of 0.74. The Descartes Systems Group Inc. has a 1 year low of $78.88 and a 1 year high of $124.31. The company’s 50-day moving average is $86.47 and its two-hundred day moving average is $94.20.

The Descartes Systems Group (NASDAQ:DSGX) (TSE:DSG) last issued its quarterly earnings results on Wednesday, December 3rd. The technology company reported $0.50 EPS for the quarter, topping the consensus estimate of $0.46 by $0.04. The Descartes Systems Group had a net margin of 22.10% and a return on equity of 10.57%. The company had revenue of $186.78 million during the quarter, compared to analysts’ expectations of $184.24 million. During the same quarter in the previous year, the company earned $0.42 EPS. The Descartes Systems Group’s revenue was up 11.2% on a year-over-year basis. Research analysts forecast that The Descartes Systems Group Inc. will post 1.64 EPS for the current year.

Analysts Set New Price Targets

Several equities research analysts have recently weighed in on DSGX shares. Scotiabank lowered their target price on shares of The Descartes Systems Group from $127.00 to $115.00 and set an “outperform” rating on the stock in a report on Thursday, December 4th. Zacks Research raised shares of The Descartes Systems Group from a “hold” rating to a “strong-buy” rating in a report on Friday, January 16th. Barclays upgraded shares of The Descartes Systems Group from an “equal weight” rating to an “overweight” rating and reduced their price target for the company from $106.00 to $105.00 in a research report on Monday, January 12th. Royal Bank Of Canada set a $126.00 price objective on shares of The Descartes Systems Group and gave the stock an “outperform” rating in a report on Monday, December 1st. Finally, Raymond James Financial upgraded shares of The Descartes Systems Group from a “market perform” rating to an “outperform” rating and set a $118.00 target price for the company in a research note on Thursday, December 4th. Two equities research analysts have rated the stock with a Strong Buy rating, eight have assigned a Buy rating and two have given a Hold rating to the company’s stock. According to MarketBeat.com, The Descartes Systems Group has an average rating of “Buy” and a consensus target price of $116.20.

The Descartes Systems Group Company Profile

The Descartes Systems Group Inc (NASDAQ: DSGX) is a global provider of cloud-based logistics and supply chain management solutions. The company’s software-as-a-service platform connects and optimizes the flow of goods, information and payments across the global supply chain, helping businesses coordinate transportation, customs clearance, routing, scheduling and fleet management. Descartes’ modular applications serve shippers, carriers, third-party logistics providers and regulatory authorities by enabling real-time visibility, compliance and execution across complex trade networks.

Headquartered in Waterloo, Ontario, Descartes was founded in 1981 and has grown through a combination of organic development and strategic acquisitions.