Amundi Pioneer Asset Management Inc. lifted its position in Descartes Systems Group Inc (NASDAQ:DSGX) (TSE:DSG) by 57.8% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 7,100 shares of the technology company’s stock after buying an additional 2,600 shares during the quarter. Amundi Pioneer Asset Management Inc.’s holdings in Descartes Systems Group were worth $188,000 at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in the company. Her Majesty the Queen in Right of the Province of Alberta as represented by Alberta Investment Management Corp lifted its holdings in shares of Descartes Systems Group by 23.0% in the fourth quarter. Her Majesty the Queen in Right of the Province of Alberta as represented by Alberta Investment Management Corp now owns 357,769 shares of the technology company’s stock worth $12,890,000 after buying an additional 66,900 shares in the last quarter. D. E. Shaw & Co. Inc. lifted its holdings in shares of Descartes Systems Group by 74.5% in the fourth quarter. D. E. Shaw & Co. Inc. now owns 26,000 shares of the technology company’s stock worth $687,000 after buying an additional 11,100 shares in the last quarter. Two Sigma Advisers LP lifted its holdings in shares of Descartes Systems Group by 39.6% in the fourth quarter. Two Sigma Advisers LP now owns 58,496 shares of the technology company’s stock worth $1,545,000 after buying an additional 16,600 shares in the last quarter. Fort L.P. lifted its holdings in shares of Descartes Systems Group by 88.3% in the fourth quarter. Fort L.P. now owns 10,321 shares of the technology company’s stock worth $273,000 after buying an additional 4,841 shares in the last quarter. Finally, Great West Life Assurance Co. Can lifted its holdings in shares of Descartes Systems Group by 1.2% in the fourth quarter. Great West Life Assurance Co. Can now owns 274,422 shares of the technology company’s stock worth $7,259,000 after buying an additional 3,140 shares in the last quarter. 80.77% of the stock is currently owned by hedge funds and other institutional investors.

A number of brokerages have recently issued reports on DSGX. Zacks Investment Research raised shares of Descartes Systems Group from a “hold” rating to a “buy” rating and set a $42.00 price target on the stock in a report on Tuesday, April 2nd. ValuEngine raised shares of Descartes Systems Group from a “hold” rating to a “buy” rating in a report on Tuesday, April 2nd. BMO Capital Markets set a $37.00 price target on shares of Descartes Systems Group and gave the stock a “hold” rating in a report on Thursday, March 7th. Royal Bank of Canada increased their price target on shares of Descartes Systems Group from $38.00 to $41.00 and gave the stock an “outperform” rating in a report on Thursday, March 7th. Finally, Raymond James raised their target price on shares of Descartes Systems Group from $31.00 to $33.00 and gave the company a “market perform” rating in a research note on Thursday, March 7th. Three analysts have rated the stock with a hold rating, seven have given a buy rating and one has issued a strong buy rating to the company. Descartes Systems Group presently has a consensus rating of “Buy” and a consensus price target of $37.63.

Shares of DSGX opened at $38.95 on Thursday. The company has a market capitalization of $2.97 billion, a P/E ratio of 97.38 and a beta of 0.84. The company has a current ratio of 1.03, a quick ratio of 1.03 and a debt-to-equity ratio of 0.05. Descartes Systems Group Inc has a 1-year low of $25.19 and a 1-year high of $39.99.

Descartes Systems Group (NASDAQ:DSGX) (TSE:DSG) last announced its earnings results on Wednesday, March 6th. The technology company reported $0.10 earnings per share for the quarter, missing analysts’ consensus estimates of $0.11 by ($0.01). The company had revenue of $71.00 million during the quarter, compared to analysts’ expectations of $71.15 million. Descartes Systems Group had a net margin of 11.37% and a return on equity of 6.01%. The company’s revenue for the quarter was up 11.6% compared to the same quarter last year. During the same period in the prior year, the business earned $0.09 earnings per share. On average, analysts anticipate that Descartes Systems Group Inc will post 0.58 EPS for the current fiscal year.

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Descartes Systems Group Company Profile

The Descartes Systems Group Inc provides federated network and logistics technology solutions worldwide. Its Logistics Application Suite offers a range of modular, cloud-based, and interoperable Web and wireless logistics management applications. The company's Logistics Application Suite offers solutions, such as route planning and execution, mobile applications, and telematics and compliance; transportation management solutions comprising carrier compliance and rate management, freight audit and settlement, dock scheduling and yard management, pool distribution, transportation planning and execution, and logistics flow control, as well as visibility, tracking, and performance management; and global logistics network services, such as document management, community, and connectivity services.

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Institutional Ownership by Quarter for Descartes Systems Group (NASDAQ:DSGX)

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