National Bank of Canada FI Boosts Stock Holdings in The Descartes Systems Group Inc. (NASDAQ:DSGX)

National Bank of Canada FI grew its position in The Descartes Systems Group Inc. (NASDAQ:DSGX) (TSE:DSG) by 4.5% in the 4th quarter, HoldingsChannel.com reports. The firm owned 730,778 shares of the technology company’s stock after purchasing an additional 31,621 shares during the period. National Bank of Canada FI’s holdings in The Descartes Systems Group were worth $83,155,000 as of its most recent SEC filing.

Other large investors also recently made changes to their positions in the company. SBI Securities Co. Ltd. bought a new position in The Descartes Systems Group in the 4th quarter valued at $43,000. Jane Street Group LLC raised its position in The Descartes Systems Group by 20.4% in the third quarter. Jane Street Group LLC now owns 13,290 shares of the technology company’s stock worth $1,368,000 after acquiring an additional 2,250 shares during the period. Barclays PLC increased its stake in shares of The Descartes Systems Group by 2.8% during the 3rd quarter. Barclays PLC now owns 10,008 shares of the technology company’s stock worth $1,031,000 after purchasing an additional 270 shares during the last quarter. Canoe Financial LP purchased a new position in The Descartes Systems Group in the fourth quarter valued at approximately $7,939,000. Finally, Geode Capital Management LLC increased its position in The Descartes Systems Group by 10.7% in the third quarter. Geode Capital Management LLC now owns 479,681 shares of the technology company’s stock worth $50,277,000 after buying an additional 46,523 shares during the last quarter. 77.73% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of equities research analysts recently issued reports on the company. Loop Capital initiated coverage on The Descartes Systems Group in a research note on Tuesday, December 17th. They issued a “buy” rating and a $140.00 price objective on the stock. BMO Capital Markets cut their target price on The Descartes Systems Group from $120.00 to $113.00 and set a “market perform” rating for the company in a research note on Thursday, March 6th. 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 report 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. Finally, Stephens decreased their target price on shares of The Descartes Systems Group from $145.00 to $137.00 and set an “overweight” rating on the stock in a report on Thursday, March 6th. Five analysts have rated the stock with a hold rating, eight have issued a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, The Descartes Systems Group has an average rating of “Moderate Buy” and an average target price of $120.50.

The Descartes Systems Group Price Performance

Shares of NASDAQ:DSGX opened at $101.87 on Wednesday. The Descartes Systems Group Inc. has a 1 year low of $87.20 and a 1 year high of $124.31. The company has a market cap of $8.72 billion, a PE ratio of 64.07 and a beta of 0.99. The stock’s 50-day moving average is $110.06 and its 200 day moving average is $110.44.

The Descartes Systems Group (NASDAQ:DSGX) (TSE:DSG) last announced its earnings results on Wednesday, March 5th. The technology company reported $0.43 EPS for the quarter, meeting analysts’ consensus estimates of $0.43. The company had revenue of $167.50 million during the quarter, compared to the consensus estimate of $169.97 million. The Descartes Systems Group had a return on equity of 10.65% and a net margin of 21.80%. Analysts expect 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.