UniSuper Management Pty Ltd Has $182,000 Stock Holdings in The Descartes Systems Group Inc. (NASDAQ:DSGX)

UniSuper Management Pty Ltd cut its holdings in shares of The Descartes Systems Group Inc. (NASDAQ:DSGX) (TSE:DSG) by 38.4% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 1,600 shares of the technology company’s stock after selling 997 shares during the period. UniSuper Management Pty Ltd’s holdings in The Descartes Systems Group were worth $182,000 at the end of the most recent quarter.

A number of other large investors have also recently modified their holdings of DSGX. Vanguard Group Inc. lifted its position in shares of The Descartes Systems Group by 1.7% during the 4th quarter. Vanguard Group Inc. now owns 3,299,323 shares of the technology company’s stock worth $375,047,000 after buying an additional 54,341 shares during the last quarter. Franklin Resources Inc. lifted its holdings in shares of The Descartes Systems Group by 3.1% in the third quarter. Franklin Resources Inc. now owns 1,367,946 shares of the technology company’s stock worth $142,693,000 after acquiring an additional 40,807 shares during the last quarter. TD Asset Management Inc. boosted its stake in shares of The Descartes Systems Group by 3.2% in the 4th quarter. TD Asset Management Inc. now owns 899,762 shares of the technology company’s stock valued at $102,224,000 after purchasing an additional 28,204 shares in the last quarter. National Bank of Canada FI grew its holdings in shares of The Descartes Systems Group by 389.8% during the 3rd quarter. National Bank of Canada FI now owns 699,157 shares of the technology company’s stock valued at $71,911,000 after purchasing an additional 556,408 shares during the last quarter. Finally, Lord Abbett & CO. LLC increased its position in The Descartes Systems Group by 12.1% during the 3rd quarter. Lord Abbett & CO. LLC now owns 672,897 shares of the technology company’s stock worth $69,282,000 after purchasing an additional 72,501 shares in the last quarter. Institutional investors and hedge funds own 77.73% of the company’s stock.

The Descartes Systems Group Trading Up 0.6 %

Shares of The Descartes Systems Group stock opened at $100.83 on Tuesday. The business has a 50-day moving average price of $110.06 and a two-hundred day moving average price of $110.44. 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 $8.63 billion, a P/E ratio of 63.42 and a beta of 0.99.

The Descartes Systems Group (NASDAQ:DSGX) (TSE:DSG) last issued its earnings results on Wednesday, March 5th. The technology company reported $0.43 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.43. The business 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%. Equities research analysts forecast that The Descartes Systems Group Inc. will post 1.64 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of research firms have weighed in on DSGX. Scotiabank boosted their target price on shares of The Descartes Systems Group from $125.00 to $127.00 and gave the stock a “sector outperform” rating in a research note on Wednesday, March 26th. StockNews.com lowered The Descartes Systems Group from a “buy” rating to a “hold” rating in a research report on Thursday, February 6th. BMO Capital Markets dropped 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 report on Thursday, March 6th. Royal Bank of Canada reaffirmed an “outperform” rating and issued a $130.00 price objective on shares of The Descartes Systems Group in a research note on Friday. Finally, Barclays cut their target price on shares of The Descartes Systems Group from $125.00 to $118.00 and set an “equal weight” rating on the stock in a research report on Thursday, March 6th. Five investment analysts have rated the stock with a hold rating, nine have issued a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $120.50.

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.