AtonRa Partners Purchases 137 Shares of The Descartes Systems Group Inc. (NASDAQ:DSGX)

AtonRa Partners raised its position in shares of The Descartes Systems Group Inc. (NASDAQ:DSGX) (TSE:DSG) by 1.6% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 8,639 shares of the technology company’s stock after purchasing an additional 137 shares during the quarter. The Descartes Systems Group accounts for approximately 1.4% of AtonRa Partners’ holdings, making the stock its 14th biggest position. AtonRa Partners’ holdings in The Descartes Systems Group were worth $726,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently made changes to their positions in the business. Mackenzie Financial Corp increased its holdings in The Descartes Systems Group by 8.8% during the fourth quarter. Mackenzie Financial Corp now owns 1,914,238 shares of the technology company’s stock valued at $160,912,000 after buying an additional 154,110 shares during the last quarter. Fiera Capital Corp raised its holdings in The Descartes Systems Group by 5.6% in the 3rd quarter. Fiera Capital Corp now owns 2,215,851 shares of the technology company’s stock worth $163,085,000 after purchasing an additional 117,611 shares during the period. Toronto Dominion Bank lifted its position in The Descartes Systems Group by 37.7% during the third quarter. Toronto Dominion Bank now owns 109,676 shares of the technology company’s stock valued at $8,048,000 after purchasing an additional 30,010 shares in the last quarter. Legal & General Group Plc lifted its position in The Descartes Systems Group by 3.1% during the third quarter. Legal & General Group Plc now owns 413,741 shares of the technology company’s stock valued at $30,506,000 after purchasing an additional 12,312 shares in the last quarter. Finally, Dynamo Internacional Gestao DE Recursos LTDA. bought a new stake in The Descartes Systems Group during the third quarter valued at about $2,693,000. Hedge funds and other institutional investors own 77.73% of the company’s stock.

The Descartes Systems Group Stock Down 0.5 %

NASDAQ DSGX traded down $0.47 during trading on Monday, hitting $93.77. 262,965 shares of the stock traded hands, compared to its average volume of 165,091. The Descartes Systems Group Inc. has a 12-month low of $69.59 and a 12-month high of $96.10. The firm has a 50-day simple moving average of $90.38 and a 200-day simple moving average of $84.65. The company has a market capitalization of $7.99 billion, a P/E ratio of 69.98 and a beta of 0.94.

The Descartes Systems Group (NASDAQ:DSGX) (TSE:DSG) last posted its earnings results on Wednesday, March 6th. The technology company reported $0.37 earnings per share for the quarter, beating analysts’ consensus estimates of $0.30 by $0.07. The firm had revenue of $148.20 million during the quarter, compared to analyst estimates of $146.62 million. The Descartes Systems Group had a net margin of 20.23% and a return on equity of 9.80%. The Descartes Systems Group’s revenue for the quarter was up 18.5% compared to the same quarter last year. During the same period last year, the firm posted $0.34 earnings per share. As a group, research analysts predict that The Descartes Systems Group Inc. will post 1.69 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of research analysts have recently weighed in on DSGX shares. StockNews.com raised The Descartes Systems Group from a “hold” rating to a “buy” rating in a research report on Wednesday, April 10th. Royal Bank of Canada restated an “outperform” rating and set a $110.00 price objective on shares of The Descartes Systems Group in a research report on Thursday, April 11th. Wolfe Research raised shares of The Descartes Systems Group from a “peer perform” rating to an “outperform” rating and set a $95.00 target price for the company in a report on Wednesday, January 10th. CIBC raised The Descartes Systems Group from a “neutral” rating to a “sector outperform” rating and raised their price target for the company from $96.50 to $101.00 in a report on Tuesday, April 16th. Finally, BMO Capital Markets upped their price objective on The Descartes Systems Group from $88.00 to $94.00 and gave the stock a “market perform” rating in a research note on Thursday, March 7th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and eight have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $98.44.

The Descartes Systems Group Company 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.