Natixis Advisors LLC Increases Stake in The Descartes Systems Group Inc. (NASDAQ:DSGX)

Natixis Advisors LLC boosted its stake in The Descartes Systems Group Inc. (NASDAQ:DSGX) (TSE:DSG) by 1.2% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 72,766 shares of the technology company’s stock after purchasing an additional 888 shares during the period. Natixis Advisors LLC owned about 0.09% of The Descartes Systems Group worth $7,337,000 at the end of the most recent reporting period.

A number of other large investors have also bought and sold shares of the stock. Mackenzie Financial Corp increased its stake in The Descartes Systems Group by 130.4% in the 4th quarter. Mackenzie Financial Corp now owns 4,947,789 shares of the technology company’s stock worth $561,827,000 after purchasing an additional 2,800,492 shares during the period. Fiera Capital Corp grew its position in shares of The Descartes Systems Group by 8.0% in the 1st quarter. Fiera Capital Corp now owns 2,745,848 shares of the technology company’s stock worth $276,705,000 after buying an additional 202,973 shares during the last quarter. T. Rowe Price Investment Management Inc. boosted its position in shares of The Descartes Systems Group by 6.1% during the fourth quarter. T. Rowe Price Investment Management Inc. now owns 1,766,861 shares of the technology company’s stock valued at $200,716,000 after purchasing an additional 101,290 shares in the last quarter. TD Asset Management Inc boosted its position in shares of The Descartes Systems Group by 1.6% during the first quarter. TD Asset Management Inc now owns 913,866 shares of the technology company’s stock valued at $92,014,000 after purchasing an additional 14,104 shares in the last quarter. Finally, Janus Henderson Group PLC boosted its position in shares of The Descartes Systems Group by 0.6% during the fourth quarter. Janus Henderson Group PLC now owns 635,722 shares of the technology company’s stock valued at $72,228,000 after purchasing an additional 3,554 shares in the last quarter. 77.73% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several equities research analysts recently weighed in on the company. Wall Street Zen lowered The Descartes Systems Group from a “hold” rating to a “sell” rating in a research report on Saturday. Morgan Stanley assumed coverage on The Descartes Systems Group in a research report on Monday, July 14th. They set an “equal weight” rating and a $110.00 price target on the stock. Royal Bank Of Canada dropped their price target on The Descartes Systems Group from $130.00 to $126.00 and set an “outperform” rating on the stock in a research report on Thursday, June 5th. Stephens dropped their target price on The Descartes Systems Group from $137.00 to $125.00 and set an “overweight” rating on the stock in a report on Wednesday, April 9th. Finally, Barclays dropped their target price on The Descartes Systems Group from $118.00 to $108.00 and set an “equal weight” rating on the stock in a report on Thursday, June 5th. One investment analyst has rated the stock with a sell rating, three have given a hold rating, eight have issued a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $122.18.

The Descartes Systems Group Price Performance

DSGX stock opened at $106.46 on Tuesday. The Descartes Systems Group Inc. has a 1-year low of $90.61 and a 1-year high of $124.31. The business has a fifty day moving average price of $104.37 and a 200-day moving average price of $106.84. The stock has a market capitalization of $9.14 billion, a P/E ratio of 64.13 and a beta of 0.81.

The Descartes Systems Group (NASDAQ:DSGX) (TSE:DSG) last posted its quarterly earnings data on Wednesday, June 4th. The technology company reported $0.41 EPS for the quarter, missing analysts’ consensus estimates of $0.46 by ($0.05). The firm had revenue of $168.74 million for the quarter, compared to analysts’ expectations of $169.60 million. The Descartes Systems Group had a net margin of 21.67% and a return on equity of 10.53%. The firm’s revenue was up 11.5% compared to the same quarter last year. During the same quarter last year, the company posted $0.40 EPS. As a group, analysts anticipate that The Descartes Systems Group Inc. will post 1.64 earnings per share for the current year.

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.