TD Asset Management Inc. Has $102.22 Million Stake in The Descartes Systems Group Inc. (NASDAQ:DSGX)

TD Asset Management Inc. lifted its stake in shares of The Descartes Systems Group Inc. (NASDAQ:DSGX) (TSE:DSG) by 3.2% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 899,762 shares of the technology company’s stock after acquiring an additional 28,204 shares during the period. TD Asset Management Inc. owned 1.05% of The Descartes Systems Group worth $102,224,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of DSGX. Mather Group LLC. raised its holdings in shares of The Descartes Systems Group by 301.7% during the fourth quarter. Mather Group LLC. now owns 241 shares of the technology company’s stock valued at $27,000 after purchasing an additional 181 shares during the period. SBI Securities Co. Ltd. acquired a new position in The Descartes Systems Group during the 4th quarter worth approximately $43,000. Trust Co. of Vermont bought a new position in The Descartes Systems Group in the fourth quarter worth approximately $54,000. GAMMA Investing LLC grew its stake in The Descartes Systems Group by 4,950.0% in the fourth quarter. GAMMA Investing LLC now owns 505 shares of the technology company’s stock valued at $57,000 after acquiring an additional 495 shares during the period. Finally, Allworth Financial LP increased its holdings in shares of The Descartes Systems Group by 39.8% during the fourth quarter. Allworth Financial LP now owns 639 shares of the technology company’s stock valued at $77,000 after acquiring an additional 182 shares in the last quarter. 77.73% of the stock is owned by institutional investors.

The Descartes Systems Group Stock Performance

Shares of DSGX stock opened at $105.54 on Wednesday. The firm has a market cap of $9.03 billion, a price-to-earnings ratio of 66.38 and a beta of 0.99. The Descartes Systems Group Inc. has a 52 week low of $87.20 and a 52 week high of $124.31. The firm’s 50-day simple moving average is $111.31 and its two-hundred day simple moving average is $110.23.

The Descartes Systems Group (NASDAQ:DSGX) (TSE:DSG) last posted its quarterly earnings results on Wednesday, March 5th. The technology company reported $0.43 EPS for the quarter, hitting analysts’ consensus estimates of $0.43. The Descartes Systems Group had a net margin of 21.80% and a return on equity of 10.65%. The company had revenue of $167.50 million for the quarter, compared to analysts’ expectations of $169.97 million. Analysts forecast that The Descartes Systems Group Inc. will post 1.64 earnings per share for the current year.

Analysts Set New Price Targets

A number of equities analysts recently issued reports on the company. Scotiabank increased their target price on The Descartes Systems Group from $120.00 to $125.00 and gave the stock a “sector outperform” rating in a report on Wednesday, December 4th. Barclays reduced their price objective on shares of The Descartes Systems Group from $125.00 to $118.00 and set an “equal weight” rating for the company in a report on Thursday, March 6th. Royal Bank of Canada lowered their target price on shares of The Descartes Systems Group from $133.00 to $130.00 and set an “outperform” rating on the stock in a report on Thursday, March 6th. BMO Capital Markets lowered their price objective 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. Finally, StockNews.com cut The Descartes Systems Group from a “buy” rating to a “hold” rating in a research note on Thursday, February 6th. Five equities research analysts have rated the stock with a hold rating, nine have given a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, The Descartes Systems Group has a consensus rating of “Moderate Buy” and an average target price of $120.33.

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.