The Descartes Systems Group Inc. (NASDAQ:DSGX) Shares Sold by Primecap Management Co. CA

Primecap Management Co. CA cut its position in shares of The Descartes Systems Group Inc. (NASDAQ:DSGX) (TSE:DSG) by 9.3% in the 4th quarter, HoldingsChannel.com reports. The firm owned 1,917,553 shares of the technology company’s stock after selling 196,828 shares during the period. Primecap Management Co. CA’s holdings in The Descartes Systems Group were worth $217,834,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. Signaturefd LLC raised its holdings in The Descartes Systems Group by 12.0% during the fourth quarter. Signaturefd LLC now owns 2,717 shares of the technology company’s stock worth $309,000 after purchasing an additional 292 shares during the last quarter. Natixis Advisors LLC raised its holdings in The Descartes Systems Group by 1.3% during the fourth quarter. Natixis Advisors LLC now owns 71,878 shares of the technology company’s stock worth $8,165,000 after purchasing an additional 904 shares during the last quarter. Commonwealth Equity Services LLC acquired a new position in shares of The Descartes Systems Group in the fourth quarter worth $207,000. EverSource Wealth Advisors LLC raised its holdings in shares of The Descartes Systems Group by 14.6% in the fourth quarter. EverSource Wealth Advisors LLC now owns 847 shares of the technology company’s stock worth $96,000 after acquiring an additional 108 shares during the last quarter. Finally, AGF Management Ltd. raised its holdings in shares of The Descartes Systems Group by 3.9% in the fourth quarter. AGF Management Ltd. now owns 102,947 shares of the technology company’s stock worth $11,702,000 after acquiring an additional 3,861 shares during the last quarter. 77.73% of the stock is owned by institutional investors and hedge funds.

The Descartes Systems Group Trading Up 0.8 %

DSGX stock opened at $100.21 on Tuesday. The stock has a 50-day moving average price of $112.73 and a two-hundred day moving average price of $110.18. The Descartes Systems Group Inc. has a 12-month low of $87.20 and a 12-month high of $124.31. The company has a market cap of $8.58 billion, a PE ratio of 63.03 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 the consensus estimate of $0.43. The Descartes Systems Group had a return on equity of 10.65% and a net margin of 21.80%. The company had revenue of $167.50 million during the quarter, compared to the consensus estimate of $169.97 million. Equities 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 equities analysts have recently weighed in on DSGX shares. TD Securities boosted their price target on The Descartes Systems Group from $115.00 to $135.00 and gave the stock a “buy” rating in a report on Wednesday, December 4th. StockNews.com cut The Descartes Systems Group from a “buy” rating to a “hold” rating in a report on Thursday, February 6th. Scotiabank boosted their price target 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. BMO Capital Markets cut their price target on The Descartes Systems Group from $120.00 to $113.00 and set a “market perform” rating for the company in a report on Thursday, March 6th. Finally, Loop Capital began coverage on The Descartes Systems Group in a report on Tuesday, December 17th. They issued a “buy” rating and a $140.00 price target for the company. 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 company. According to MarketBeat.com, The Descartes Systems Group has a consensus rating of “Moderate Buy” and an average price target 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.