Mn Services Vermogensbeheer B.V. Sells 200 Shares of The Descartes Systems Group Inc. (NASDAQ:DSGX)

Mn Services Vermogensbeheer B.V. lowered its holdings in The Descartes Systems Group Inc. (NASDAQ:DSGX) (TSE:DSG) by 0.5% in the 4th quarter, Holdings Channel reports. The firm owned 40,200 shares of the technology company’s stock after selling 200 shares during the period. Mn Services Vermogensbeheer B.V.’s holdings in The Descartes Systems Group were worth $3,394,000 as of its most recent SEC filing.

A number of other hedge funds also recently bought and sold shares of DSGX. Price T Rowe Associates Inc. MD boosted its stake in shares of The Descartes Systems Group by 20.1% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 10,948,727 shares of the technology company’s stock worth $762,578,000 after acquiring an additional 1,834,084 shares during the period. Norges Bank purchased a new position in The Descartes Systems Group during the 4th quarter valued at approximately $69,541,000. Durable Capital Partners LP boosted its holdings in shares of The Descartes Systems Group by 60.6% in the 1st quarter. Durable Capital Partners LP now owns 2,585,059 shares of the technology company’s stock worth $189,381,000 after purchasing an additional 975,727 shares during the period. Wasatch Advisors Inc. purchased a new position in shares of The Descartes Systems Group in the 1st quarter worth approximately $66,482,000. Finally, Goldman Sachs Group Inc. boosted its holdings in shares of The Descartes Systems Group by 547.3% in the 2nd quarter. Goldman Sachs Group Inc. now owns 1,058,300 shares of the technology company’s stock worth $65,677,000 after purchasing an additional 894,814 shares during the period. Hedge funds and other institutional investors own 77.73% of the company’s stock.

The Descartes Systems Group Stock Up 4.1 %

Shares of NASDAQ DSGX opened at $90.90 on Wednesday. The business has a fifty day simple moving average of $89.62 and a two-hundred day simple moving average of $83.56. The firm has a market cap of $7.74 billion, a PE ratio of 67.84 and a beta of 0.94. The Descartes Systems Group Inc. has a twelve month low of $69.59 and a twelve month high of $94.54.

The Descartes Systems Group (NASDAQ:DSGX) (TSE:DSG) last announced its earnings results on Wednesday, March 6th. The technology company reported $0.37 earnings per share for the quarter, topping the consensus estimate of $0.30 by $0.07. The firm had revenue of $148.20 million for the quarter, compared to the consensus estimate of $146.62 million. The Descartes Systems Group had a return on equity of 9.80% and a net margin of 20.23%. The firm’s revenue for the quarter was up 18.5% on a year-over-year basis. During the same period in the previous year, the business earned $0.34 EPS. On average, research analysts expect that The Descartes Systems Group Inc. will post 1.69 earnings per share for the current year.

Analyst Ratings Changes

A number of equities analysts have recently commented on the company. Barclays lifted their target price on The Descartes Systems Group from $71.00 to $75.00 and gave the stock an “underweight” rating in a report on Tuesday, February 20th. StockNews.com upgraded The Descartes Systems Group from a “hold” rating to a “buy” rating in a report on Wednesday, April 10th. William Blair reiterated an “outperform” rating on shares of The Descartes Systems Group in a report on Monday, April 1st. TD Securities lifted their target price on The Descartes Systems Group from $95.00 to $110.00 and gave the stock a “buy” rating in a report on Thursday, March 7th. Finally, BMO Capital Markets raised their price target 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 investment analyst has rated the stock with a sell rating, two have assigned a hold rating and eight have issued a buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $98.44.

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.