Whittier Trust Co. Purchases 4,790 Shares of The Descartes Systems Group Inc. (NASDAQ:DSGX)

Whittier Trust Co. boosted its position in shares of The Descartes Systems Group Inc. (NASDAQ:DSGX) (TSE:DSG) by 52.0% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 14,006 shares of the technology company’s stock after acquiring an additional 4,790 shares during the period. Whittier Trust Co.’s holdings in The Descartes Systems Group were worth $1,591,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also bought and sold shares of the company. Swiss National Bank boosted its position in shares of The Descartes Systems Group by 1.1% in the 3rd quarter. Swiss National Bank now owns 258,324 shares of the technology company’s stock worth $26,624,000 after purchasing an additional 2,700 shares in the last quarter. Pathstone Holdings LLC boosted its holdings in The Descartes Systems Group by 1.8% in the third quarter. Pathstone Holdings LLC now owns 53,434 shares of the technology company’s stock worth $5,502,000 after acquiring an additional 934 shares in the last quarter. Avior Wealth Management LLC grew its stake in shares of The Descartes Systems Group by 2.8% during the third quarter. Avior Wealth Management LLC now owns 4,273 shares of the technology company’s stock worth $440,000 after acquiring an additional 117 shares during the last quarter. Intech Investment Management LLC increased its holdings in shares of The Descartes Systems Group by 41.6% during the third quarter. Intech Investment Management LLC now owns 10,671 shares of the technology company’s stock valued at $1,099,000 after acquiring an additional 3,134 shares in the last quarter. Finally, Massachusetts Financial Services Co. MA raised its position in shares of The Descartes Systems Group by 2.1% in the 3rd quarter. Massachusetts Financial Services Co. MA now owns 470,631 shares of the technology company’s stock valued at $48,456,000 after purchasing an additional 9,768 shares during the last quarter. 77.73% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several analysts have weighed in on DSGX shares. Loop Capital assumed coverage on shares of The Descartes Systems Group in a research report on Tuesday, December 17th. They set a “buy” rating and a $140.00 target price on the stock. Barclays dropped their price objective on shares of The Descartes Systems Group from $125.00 to $118.00 and set an “equal weight” rating on the stock in a report on Thursday, March 6th. Royal Bank of Canada lowered their price target on The Descartes Systems Group from $133.00 to $130.00 and set an “outperform” rating for the company in a research report on Thursday, March 6th. TD Securities increased their price objective on The Descartes Systems Group from $115.00 to $135.00 and gave the company a “buy” rating in a report on Wednesday, December 4th. Finally, Stephens decreased their target price on The Descartes Systems Group from $145.00 to $137.00 and set an “overweight” rating for the company in a report on Thursday, March 6th. Five equities research analysts have rated the stock with a hold rating, nine have given a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $120.33.

The Descartes Systems Group Price Performance

NASDAQ:DSGX opened at $101.15 on Friday. The company has a 50 day moving average price of $111.47 and a 200-day moving average price of $110.03. The Descartes Systems Group Inc. has a 1-year low of $87.20 and a 1-year high of $124.31. The firm has a market cap of $8.66 billion, a price-to-earnings ratio of 63.62 and a beta of 0.99.

The Descartes Systems Group (NASDAQ:DSGX) (TSE:DSG) last released its quarterly earnings data on Wednesday, March 5th. The technology company reported $0.43 earnings per share for the quarter, meeting 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 during the quarter, compared to analysts’ expectations of $169.97 million. On average, sell-side analysts anticipate that The Descartes Systems Group Inc. will post 1.64 earnings per share for the current fiscal year.

The Descartes Systems Group 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.